Newcomers to the billionaire ranks who live in San Francisco include private equity dealmaker. Other industries driving their economy are tech, tourism, and the service industries such as hospitality. This list is incomplete, as not all companies disclose their information to the general public. In the past, manufacturing was seen as a booming sector in Shanghai, but lately its slowed and is being replaced by financial services, trade, information tech, real estate and commerce, among others. Another crucial element is the neighborhood of Zhongguancun. Facebook: quarterly number of MAU (monthly active users) worldwide 2008-2022, Quarterly smartphone market share worldwide by vendor 2009-2022, Number of apps available in leading app stores Q3 2022, Profit from additional features with an Employee Account. The international city of romance boasts an economically wealthy status. This is a list of cities in the world by gross domestic product (GDP).The United Nations uses three definitions for what constitutes a city, as not all cities may be classified using the same criteria. Four cities made the list for the first time: Blackhawk, California; New Albany, Ohio; Long Grove, Illinois; and Darnestown, Maryland. Since 1949, Beijing was considered one of China's most industrial cities. With the onset of free-market reforms in the 1990s, Beijing saw its economic development soar. Swift reportedly owns about $40 million worth of property in the area. The wealthy city-state has 31 billionaire residents, up from 22 last year, and replaces Seoul in the top 10. It leverages a comprehensive data set that tracks the movements and spending habits of high-net-worth individuals in over 150 cities around the world. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Industry-specific and extensively researched technical data (partially from exclusive partnerships). Industries that have found success in the city include food processing, manufacturing, publishing, insurance and tourism. Shibuya Crossing, one of the busiest crosswalks in the world, in Tokyo, Japan Tokyo's wealth is also tied to the Tokyo Stock Exchange (TYO), regarded as one of the largest stock exchanges in the world. Moscow. Luxury services also play a significant factor in Paris' economy, acting as a hub for famous brands like Mot, Cartier, and Louis Vuitton. Click on the headers to reorganize columns. The decade-long conflict in Syria weakened the Syrian pound, led to a spiraling inflation and fuel shortages, and further collapsed its economy. 4, respectively. Home to 12 Fortune 500 companies, the city of Philly is Pennsylvanias financial hub. The PPP value of a city (or country) is commonly used by macroeconomic analysts and economists, as its a popular metric to determine a city's standard of living and economic prosperity. This is due in part to the countrys strong economic growth and favorable business environment, which has attracted many wealthy individuals and families to the country. On this list, New York City was ranked as the richest city with a total of $3 trillion in private wealth. Liz Flynn has worked as a full-time writer since 2010 after leaving a career in education. 10. Tripoli and Tehran, the capitals of Libya and Iran, respectively, follow next on this list, reflecting their weakened economies. This statistic is not included in your account. For instance, Osaka is home to major electronics corporations like Sharp and Panasonic as well as pharmaceutical companies, food, retail and trading companies. Newcomers to the billionaire ranks who live in San Francisco include private equity dealmaker Orlando Bravo and cloud communications entrepreneur Vlad Shmunis. 1. The Big Apple has historically been a hub for trade and investment, due to a buzzing port and its very well connected location, with rivers and canal systems reaching out to the midwest. The city employs 36,000 people and is home to some 75, 00 people. Its no surprise to anyone that a good chunk of the Paris economy is the tourist trade. It is through the electric car maker Tesla and in space by rocket produced by SpaceX. Hong Kong is once again the city with the second most billionaires in the world. Europe comes in third with five cities, though only London makes into the top 10 portion of the ranking. In fact, Tokyo plays host to the top money-building organizations and minds anywhere on Earth. Elon Musk Elon Musk is a South African-born Canadian-American businessman, investor & the richest person in the world. Tokyo, Japan- GDP: $1,520 billion. Montgomery Street is considered the Wests Wall Street and is located in San Francisco. Dubai ranks at #6 on the PlanetWare guide, ahead of Singapore, Rome, Istanbul, and Tokyo. Fortune 500 companies located in the Rhine-Ruhr metropolitan area include: ThyssenKrupp AG, RWE AG, Bayer AG, Evonik Industries, among others. Which Countries are Buying Russian Fossil Fuels? 2. The third-wealthiest country in Asia is Japan, with just over $5.3 trillion. Top 10 Poorest Countries In The World 1. In the latest edition of the ranking, North America has a strong showing with seven of the wealthiest cities, by number of millionaires. How many millionaires, centimillionaires, and billionaires live in the worlds wealthiest cities? The Southeast Asian city-state gained nine new billionaires since 2019, while the South Korean capital recorded a net loss of ten members of the three-comma-club. It goes without saying that due to its history tourism is a huge draw when it comes to obtaining revenue. Penthouses in the 30 Park Place complex are currently listed for 10 times as much. Major financial powerhouses in London include Canary Wharf, HSBC and Barclays. [3] The methodology of calculating GDP may differ between the studies and are widely based on projections and sometimes approximate estimations, notably for cities that are not within the Organisation for Economic Co-operation and Development. Washington, D.C.. Business Solutions including all features. 1. Among Singapores newcomers are gaming tycoons, , cofounders of the online gaming and e-commerce firm Sea; both industries have. 4, respectively. 1.Tokyo, Japan (GDP - $1,520 billion) The richest city in the world in 2022 is Tokyo. Of the top 50, the city with the biggest jump in the rankings was Austin, Texas, which moved up 18 spots from 2017 to claim No. Once considered a major shipping hub to the world, that distinction has been replaced by the service industries, such as financial services. These four cities are home to 228 billionaires. This includes the burgeoning FinTech, or financial technology industries. Blessed with an affordable cost of living, two stunning shorelines, vibrant cities, and swathes of glorious scenery, its understandable, Read More The 10 Best Places to Live in Mexico for AmericansContinue, If you live in Kentucky already, then youll already be well aware that when it comes to crime, the Bluegrass State is doing pretty well for itself. Alongside its growing wealth, San Francisco is also one of the fastest growing cities in the country. As a Premium user you get access to background information and details about the release of this statistic. Its wealthiest resident, Ma Huateng, chairman and CEO of Internet media behemoth Tencent Holdings, is the second-richest person in China, after Alibaba cofounder Jack Ma. Delhi City. From Singapore To New York City, more than 26% of the worlds 2,095 billionaires live in just 10 cities on three continents. Toronto is the second largest financial center in North America, Like New York City, Torontos financial hub is populated by diverse industries. In fact, London is one of the chief financial centers of the world. The top 10 richest families in 2022 by estimated wealth are: The Walton family with $224.5 billion The Mars family with $160 billion The Koch family with $128.8 billion The Al Saud family with. Principal industries which were the engine behind Moscows economy are textile, metallurgy, energy, and chemical. Being China's largest city, Shanghai also houses on of the world's largest ports, due to its proximity to the Yangtze River Delta. Its known as the mecca of tech innovation, and as a result, the region has a high concentration of wealthy individuals. Despite being significantly smaller than Los Angeles, San Francisco houses more millionaires than its southern California counterpart. Tokyo may not be as wealthy as New York, but this megacity remains one of the richest cities in Asia. Loudoun County is the richest county in the USA, with an estimated average household income of $ 117,876. The Periodic Table of Commodity Returns (2013-2022), Visualizing 25 Years of Lithium Production, by Country, Ranked: The Worlds Largest Copper Producers, All the Metals We Mined in 2021: Visualized, Chart: Automakers Adoption of Fuel-Saving Technologies, Explainer: What to Know About the Ohio Train Derailment, A Visual Crash Course on Geothermal Energy. At 89 years old, Warren Buffett is the oldest richest person by 5 years. Billionaire refers to U.S. dollar billionaire. For instance, billionaires like Zhang Yiming, founder of TikTok, calls the capital city home (with a net worth of about $35.6 billion USD)! Being a world-class city that attracts prominent figures in the tech industry, San Francisco is one of California's most popular (and richest) cities. Once a leader in the manufacturing industry, that industry has been bowing to more modern industries like high tech, financial services and electronics. The Big Smoke is no stranger to economic prosperity. A paid subscription is required for full access. Let's consider New York City. Kolkata is house of many Indian corporations like Coal India Limited, ITC Limited, Britannia Industries, Allahabad Bank,. As a SEZ, businesses in the area receive special treatment in the form of tax benefits, which helps increase the GDP bottom line immensely. For the first time, revenues from Global 500 companies in Greater China (including Taiwan). Liz loves the process of researching information, learning new things, and putting into words what others who share her interests might like to read. Hurun Research Institute. 6 and No. Among the top 50, Aruba will climb five spots. Furthermore, the Big Apple was also a popular destination for entrepreneurs and innovative businesses, furthering its reputation as a financially-savvy city. Beijing's richest billionaire is the founder of TikTok (among other things), Zhang Yiming with a net worth of $35.6 billion. Fortune Global 500 companies in Tokyo include: Honda Motors, Hitachi, Sony, Mitsubishi and more. The 150 richest cities in the world by GDP in 2020 11 March 2007: The tables provide GDP figures for cities and their surrounding urban areas in 2020. Singapores richest resident. Please create an employee account to be able to mark statistics as favorites. Five are new billionaires from the finance industry, including private equity wizards, . Additionally, approximately 18% of Japan's universities are found in Tokyo. In pre-Covid times, Chicago clocked round 55 million tourists in 2017. The manufacturing and export hub across from Hong Kong added five members to the three-comma-club in the last year, all of them self-made. Top 100 City Lists Top 100 cities with highest median household income Top 100 cities with highest median household income Previous toplist Next toplist New! Furthermore, 121. London and the rest of the United Kingdom finally left the European Union on January 31st, 2020. Many cities in India are densely inhabited, trade between them has improved, and transportation systems have been modernized. London and the rest of the United Kingdom finally left the European Union on January 31st, 2020. Where are the German and Chinese Cities? The Richest Cities are shown below, based on GDP (Gross Domestic Product) data from 2011. Learn how your comment data is processed. 2 on the list, but the city recorded a net loss of eight billionaire residents. The metropolitan area of Rhine-Ruhr is divided into 3 regions, and each region contributes to the GDP of the entire Rhine-Ruhr metropolitan area. $520.1. By examining a cities GDP, we can get a good idea of its industries and how they contribute to the overall economic growth. Kuwait (-4) will be the worst loser, followed by The Bahamas (-3) and Iceland (-3). The billionaire's rank, nationality, and source of his or her wealth is listed. To this day, Macao is the only country on the list whose per-capita purchasing power is lower than it was before the start of the pandemicabout $125,000 in 2019, down by $40,000 today. Countries that want to attract wealthy individuals will have to apply tax-friendly policies along with other factors such as quality of life, safety, education, and access to amenities that ultra-wealthy residents value. The four cities that made the top 50 in 2019 but did not make . A home stands in Atherton, California, U.S., on Tuesday, Feb. 18, 2020. New York City (NYC), which lost the number one slot to Beijing in 2021, has added eight new billionaires with a total net worth of $640.4 Billion. Other industries which influence the economy of Boston include the biotech industry, tourism, finance services and several Fortune 500 companies. Visakhapatnam - Industrial Port Of India. The USA is the only country with a large surface area and population among the highest-ranking nations, ranking eleventh. New York is home to many Fortune 500 companies and is the financial heart of the United States, with the New York Stock Exchange and NASDAQ located in the Big Apple. But if this inflation is compounded with a strong national currency, you may live in one of the worlds most expensive cities. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Known as a center of learning due to the many high caliber universities in the city such as Osaka and Kansai universities, Osaka attracts creative and innovative industries. Its also host to the headquarters of around 75 percent of the worlds Fortune 500 companies. The current state of the Moscow economy isnt as bright as it was earlier in the year due to sanctions. Moscow is the only other city among the top 10, besides Shenzhen, where every single billionaire is self-made (as opposed to inheriting a fortune); many have close ties to Russian President Vladimir Putin. Ranked: Americas Best Places to Work in 2023, Mapped: GDP Growth Forecasts by Country, in 2023, Charted: Teslas Unrivaled Profit Margins, Ranked: The Top Online Music Services in the U.S. by Monthly Users. The Football Lovers Menu News Premier League Manchester City Manchester United Liverpool Chelsea Arsenal Leicester City Tottenham Hotspur West Ham United Everton Transfers Top 10 Quizzes Rising development costs and foreign competition had already felled the fortunes of South Koreas pharmaceuticals sector, before coronavirus concerns hit the countrys economy in late February in total, thirteen Seoul-based billionaires dropped off the list. Fortune 500 companies include Discovery Communications, Fannie Mae, Walmart and CACI International among others. Hong Kong is once again the city with the second most billionaires in the world. San Francisco has a rich economic history,,one that includes the wealth generated by the California Gold Rush. Here are the Top 10 Richest Places in America and how they split their Heroes Act bailout allocation: #1. When is it OK to Buy a House Site Unseen as an Investor? China's capital city offers services in key sectors related to finance, information technology, scientific research, and industry. She finds almost all topics she writes about interesting, but her favorite subjects are travel and food. Chart. Pasay City: $350 million. It had about 2,000 inhabitants at the time. 11. As soon as this statistic is updated, you will immediately be notified via e-mail. Trip Ideas; L.A. makes good use of both job training programs and development projects. I cover the world's richest people and how they made their billions. The city with one of the most expensive real estate markets worldwide, Hong Kong ranked fourth in this list, followed by Los Angeles, which moved up from its ninth rank in 2021. For example, Moscow's rich neighborhoods like Rublyovka contain private houses that can cost up to $60 to $80 million! NYC has held the title of the wealthiest city in the world for many decades now, housing around 59 billionaires and a whopping 345,600 millionaires! This city's success is due to its industrial and manufacturing activity, made up of a technology-savvy and highly skilled work force. And for the sixth year in a row, more billionaires call New York City home than any other city in the world. The LSE is one of the largest stock exchanges in Europe, encompassing assets from over 2,400 companies, with many of these companies using London as their central headquarters. New York City. GM was the best-performing automobile company in the 20th century but has still maintained a top position among the wealthiest car manufacturers. Kicking off the list is the charming Italian city of Florence - which is kind of surprising. (Video) TOP 10 RICHEST CITIES In The World 2021 (Uncover) Which is the richest city in the world 2022? Kolkata is the financial, commercial and industrial hub of the North East region. Tokyo is the economic hub of Japan and is one of the most important cities in the world for business and finance. At its peak, General Motors enjoyed a 50% market share in the United States. A good part of their revenue comes from their port, which is the largest container port in the world. Those include, , who heads Indias largest paint company, Asian Paints, and the, , who control adhesives and sealants maker Pidilite Industries. Much like Shanghai, Beijing enjoys a reputation as one of the Asia's (and the world's) wealthiest cities. This included plans of action to assist with rent, taxes, business subsidies and more. The wealthy city-state has 31 billionaire residents, up from 22 last year, and replaces Seoul in the top 10. Property prices, across the board in Hong Kong in late 2019, damaging the real estate industry that is the source of wealth for many of the citys richest, including Hong Kongs sole, Moscow is the only other city among the top 10, besides Shenzhen, where every single billionaire is self-made (as opposed to inheriting a fortune); many have close ties to Russian President Vladimir Putin. The typical American household earns $57,617 per year. Paris is also home to several Fortune Global 500 companies such as, BNP Paribas, Peugeot, CNP Assurances, SNCF, Vivendi and more. Number of individuals with a net worth of $5 million or more: 49,005 Percentage of global population: 1.7% Paris is the capital and most populous city of France, with an estimated population of 2,150,271 residents as of 2020, in an area of 105 square kilometers (41 square miles). Besides thriving on industries related to finance, tourism, and media, London's wealth is also linked to the London Stock Exchange (LSE). Those include Abhay Vakil, who heads Indias largest paint company, Asian Paints, and the Parekh brothers, who control adhesives and sealants maker Pidilite Industries. If we're looking at cities in terms of total wealth, then the Big Apple leads the pack by a country mile. Media mogul turned politician Michael Bloomberg, founder of Bloomberg, is the . Furthermore, Tokyo owns 10% and close to 16% of Japan's officespace and workers, respectively. San Ramon ranks among the top ten safest cities in California. Other notable NYC billionaire residents include hip-hop superstar, , the widow of former Koch Industries magnate. 12. 3. The Top 5 Cities in Mexico. Seven cities have population more than 3 million. Get full access to all features within our Business Solutions. Even though the city was riddled with the effects of the pandemic, Job growth occurred with another 5,700 jobs added. Industries that contribute to New York Citys economy are health care, tourism, real estate, tech, publishing, fashion, media and insurance, among others. Cities in the UAE became millionaire magnets, attracting over 4,000 millionaires in 2022. According to the United Nations' latest report on populations in cities, by 2030, "urban areas are projected to house 60 percent of people globally and one in every three people will live in . 1 with $13.9 billion. It checks all the boxes when it comes to being an economically successful place: physical connectedness (ports, rivers, public transporatation), investment opportunities (access to venture capital), and attracting a crowd of skilled individuals from around the globe, nurturing a culture of innovation. Km. With about 2,320 multi-millionaires calling Paris home, the backbone of this European city relies on hospitality, commerce, transportation, and other services. Though London had a net gain of one new billionaire this year, this city that appeals to the worlds elite actually has five new billionaire residents who hail from outside the United Kingdom, including Russian brothers Dmitry and Igor Bukhman, founders of online gaming firm Playrix; and Camilla de Godoy Bueno Grossi, who inherited part of the fortune of her late father, Brazilian healthcare tycoon Edson de Godoy Bueno. On a related note, there is a sizeable population of secondary homeowners in London. In total, these 30 people control. Cities may be defined as the cities proper, the extent of their urban area, or their metropolitan regions. Boasting a population of over 300,000 resident millionaires, Tokyo is also home to a dozen billionaires. Reportedly, the top 20% earners in the city have an average salary of over $280,000 USD, with the top 5% earning over $530,000 USD. Fortune 500 companies include Comcast, Colonial Penn, Sunoco, Aramark, CIGNA, Lincoln Financial Group, and more. However, its also a city steeped in industry. Devoted to encouraging economic development, Chicagos Department of Planning and Development has a number of economic development initiatives. Fortune Global 500 companies housed in Moscow include Gazprom, Rosneft Oil and Sistema among others. The city-state of Singapore is the wealthiest country in Asia, with a per-capita GDP of . Surprisingly, this is the Big Apples first time atop the ranking. American retail corporation Walmart has been the world's largest company by revenue since 2014. Consumption of Fuel and Materials per Capita, Visualizing Chinas Dominance in Battery Manufacturing (2022-2027P), Mapped: The Population of Indias States Compared with Countries. In order to recoup losses, in June of 2022, the city of Shanghai released a post-lockdown business recovery plan. Photo: @Kim Kardashian West. [1] The list is limited to the top 50 companies, all of which except Elevance Health have annual revenues exceeding US$140 billion. Home to both invention and innovation, animes, mangas and of course, robots, Tokyo is known as the financial center of the world. The richest city in the world is Tokyo. Quezon City: $1.69 billion. Cebu City: $660 million. Here are the 10 leading cities for the wealthy for 2019. Adding to the diversity are biotech companies and information technologies. 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For over 50 years, Tokyo has occupied the top spot, and shows no sign of slowing down. It takes decades of consistency for these factors turn a place around in terms of success and richness; a city can not accumulate wealth overnight, and if it does, this wealth will most likely not stick around for long. In the U.S., a few tax-friendly states like Texas and Florida became home to American companies moving their head offices there. Tokyo's wealth is also tied to the Tokyo Stock Exchange (TYO), regarded as one of the largest stock exchanges in the world. With an estimated GDP of $310 billion, Mumbai ranks number one in the list of the richest cities in India. Zurich, Switzerland - 27.34% Millionaires. For instance, the city of New York is a metropolitan area made up of 5 boroughs with each borough contributing to the cities overall GDP. One dropoff is. to incorporate the statistic into your presentation at any time. 2 on the list, but the city recorded a net loss of eight billionaire residents. 10. New York is the wealthiest city in the worldhome to 345,600 millionaires with a total private wealth that exceeds $3 trillion. How does a city become one of the wealthiest in the world? Manila: $790 million. The city of rich historical, cultural, political and social significance, New Delhi, ranks second on this list with a GDP of $293.6 billion. The 10 Best Places to Live in Mexico for Americans, The 20 Cheapest Places to Buy Land in the U.S. 2022, 20 Cities with The Worst Weather in Europe, How Zac Stacy Achieved a Net Worth of $6 Million. A big economic draw for San Francisco is its close proximity to Silicon Valley. The median home value for the lower Tribeca area is around $2.5 million. Singapore has one of the highest densities of millionaire households in Asia, with over 5% of households having at least $1 million USD in net financial assets. (((61/33)^(1/15))^10)*33 and (((33/21)^(1/15))^10)*21. A little known fact is that L.A. is the manufacturing center of the country. L.A. is also abuzz with development projects, such as refurbishing businesses like Manns Chinese Theater, as well as infrastructure projects. Surat - City Of Sun. Home to the New York Stock Exchange (NYSE) and the famous American street of Wall Street, New York is regarded as one of the world's wealthiest cities. City of Clayton -$146,225. The largest economy in states, New York Citys prosperity is rooted in Wall Street. Greater Mumbai still is the most populated city in its 440 sq. However, invading a sovereign nation had its consequences, and Russias entire economy is in a state of disrepair. Atherton, CA (income: $525,324/ bailout: $3.8 million) - With a median home price of. Ahmedabad - Textile Hub Of India. Otherwise, Los Angeles enjoys wealth from other industries related to biosciences, trade, information, transportation, and aerospace. Chicago, which serves as the home base for 35 Fortune 500 companies, is home to 160,100 millionaires, 340 centimillionaires and 28 . London has been the worlds wealthiest city for years, but over the past decade there has been an outflow of millionaires. Foreign corporations such as IBM, Nestle, Hewlett-Packard and more flooded Beijing, causing a rapid economic expansion. While such metrics are not all encompassing, these measurements of private wealth do help put the financial health and economic activity of some of the worlds wealthiest cities in perspective. Rounding out the top three cities is Tokyo, with $2.5 trillion in private wealth. It is the largest urban economy on the planet. Tokyo is the most fascinating city to live in but also the most densely packed. Mumbai - City Of Dreams. Finally, Oceania has two cities on the list, both located in Australia. London: 63 Billionaires Since Last Year: +7 Total Net Worth: $316.1 Billion Richest Resident: Len Blavatnik, $32 Billion Our ranking shows the 50 wealthiest countries, measured by gross domestic product per capita and adjusted by the purchasing in the respective country. Are you interested in testing our business solutions? Regarded as China's financial hub, this bustling city is home to the Shanghai Stock Exchange, one of the largest stock exchanges in the world. China retains its title as the country with the most cities in the top 10, with Shenzhen moving up one spot to No. Barcelona, Spain Rome, Italy Madrid, Spain Singapore, Singapore Amsterdam, Netherlands Prague, Czech Los Angeles, USA Chicago, USA San Francisco, USA Berlin, Germany Hong Kong, China Washington, USA Beijing, China Dublin, Ireland Istanbul, Trkiye Las Vegas, USA Milan, Italy Budapest, Hungary Toronto, Canada Sydney, Australia Seoul, South Korea Major metropolitan areas contributing at least 2.5% of world GDP. In, Hurun Research Institute. According to the Hurun Global Rich List 2022, the leading city with the most billionaires in 2022 was Beijing. London, United Kingdom: $978.402 Billion, 2. Does your team make it in the top fifty richest soccer clubs in 2022? The top ten richest cities in the world based on private wealth include: The place is mostly known for its stunning Renaissance architecture and is . You need at least a Starter Account to use this feature. This California city is home to prominent billionaires like Mark Zuckerberg, Laurene Powell Jobs, Brian Chesky, and Jack Dorsey, with many of these billionaires possessing assets worth over $8 billion USD. A massive powerhouse in Seoul is Samsung. Once a top contender in manufacturing, today manufacturing revenue covers only around 10 percent of the economy. After all, Paris is one of the hotbeds of world tourism, its the city of love and art. Moreover, a portion of Beijing's rapid economic growth is the product of international investments, registering over 45,000 foreign-invested businesses in 2020. At 35 years old, Mark Zuckerberg is the youngest richest person by more than a decade.
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