Many cities in India are densely inhabited, trade between them has improved, and transportation systems have been modernized. 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). Tokyo's wealth is also tied to the Tokyo Stock Exchange (TYO), regarded as one of the largest stock exchanges in the world. Tourism not only pumps money into San Francisco's economy by way of tourist spending, it also offers a source of jobs in the city. Being China's largest city, Shanghai also houses on of the world's largest ports, due to its proximity to the Yangtze River Delta. It is the largest urban economy on the planet. As a Premium user you get access to the detailed source references and background information about this statistic. In some U.S. cities, however, more than half of all households earn $70,000-plus. In, Hurun Research Institute. Retail Investors Most Popular Stocks of 2023 So Far, Consumer Price Inflation, by Type of Good or Service (2000-2022), Mapped: Unemployment Forecasts, by Country in 2023, Decoding Googles AI Ambitions (and Anxiety), Ranked: Americas 20 Biggest Tech Layoffs Since 2020, Infographic: Generative AI Explained by AI, Infographic: 11 Tech Trends to Watch in 2023, Ranked: The Top 50 Most Visited Websites in the World, Visualized: The Most (and Least) Expensive Cities to Live In, Visualizing $65 Trillion in Hidden Dollar Debt, Visualizing the Relationship Between Cancer and Lifespan, Visualizing How COVID-19 Antiviral Pills and Vaccines Work at the Cellular Level, Mapped: The Most Common Illicit Drugs in the World. 1. The median home value for the lower Tribeca area is around $2.5 million. In 2019, San Francisco's tourism industry resulted in 86,111 jobs. 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. American retail corporation Walmart has been the world's largest company by revenue since 2014. India is the second largest country in the world after China. We added hundreds of new lists - see our top 101 city lists. statistic alerts) please log in with your personal account. There are many benefits to living in an iconic city like New York or Singapore, but the amenities and exclusivity can come at a high cost. The cannabis business is rather recent, but also encourages financial growth for the city. In Hong Kong, 9,530 ultra wealthy individuals resided, followed by Tokyo with 8,345 lived. You need a Statista Account for unlimited access. 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. For instance, Osaka is home to major electronics corporations like Sharp and Panasonic as well as pharmaceutical companies, food, retail and trading companies. About 300 cities have population over 1,00,000. Beijing also has the dubious distinction of being the knock-off capital of the world. To make the list, the EIU examines 400+ prices for over 200 products and services in 172 cities, surveying a variety of businesses to track price fluctuations over the last year. For the first time, revenues from Global 500 companies in Greater China (including Taiwan). Two of those in Beijing are new billionaires this year: of TAL Education Group, both of whom own companies that provide online education and after-school tutoring for students. Fortune 500 companies located in the Rhine-Ruhr metropolitan area include: ThyssenKrupp AG, RWE AG, Bayer AG, Evonik Industries, among others. . This is a list of cities in the world by gross domestic product (GDP). London, United Kingdom: $978.402 Billion, 2. Other industries which thrive here are those in high-tech, scientific R&D, professional services such as legal, insurance, finance and public administration. Moreover, when it comes to its residents, there are about 9,210 multi-millionaires calling London home, as well as 38 billionaires. 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. Caloocan City: $360 million. Situated in the southern part of California, Los Angeles is known for its large population of celebrities, tech moguls, and the financially fortunate. MacKenzie Scott is an American novelist and philanthropist. How does a city become one of the wealthiest in the world? In 2019, the Northern California city attracted 26.2 million visitors who spent around $10.3 billion USD in the city. 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 Tokyo is the economic hub of Japan and is one of the most important cities in the world for business and finance. - Full Size", "Gross domestic product (GDP) at basic prices, by census metropolitan area (CMA)", "Population estimates, July 1, by census metropolitan area and census agglomeration, 2016 boundaries", "Population on 1 January by age groups and sex - functional urban areas", "President: Almaty turns into large regional investment attractive centre", "Posio ocupada pelos maiores municpios brasileiros em relao ao Produto Interno Bruto, Est. If you live in a city where many residents find it challenging to put a roof over their heads, food on their plates, and make ends meet, you live in an expensive city. 4, respectively. 11. 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. The headquarters of several cities are also found in Tokyo, which include Honda, Sony, Hitachi, and Mitsubishi. The decade-long conflict in Syria weakened the Syrian pound, led to a spiraling inflation and fuel shortages, and further collapsed its economy. Register in seconds and access exclusive features. 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. In fact, London is one of the chief financial centers of the world. 1. Both these cities had high inflation and a strong currency. Liz loves the process of researching information, learning new things, and putting into words what others who share her interests might like to read. With the onset of free-market reforms in the 1990s, Beijing saw its economic development soar. Let's consider New York City. (March 17, 2022). 2. 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. Fortune 500 companies include Discovery Communications, Fannie Mae, Walmart and CACI International among others. . Furthermore, Los Angeles' wealth is also tied to its appeal to immigrants and innovative companies involved in information and technology. Ian Lurie on Quora calls Seattle "one of the most beautiful U.S. cities you'll find, with lots of lakes, the bay, mountains and green stuff.". The city by the bay has five fewer billionaires than a year ago in part because fortunes fell below $1 billion for former Uber CEO Ryan Graves and Pinterest cofounder Ben Silbermann. Which Countries Have the Lowest Inflation? 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. Show publisher information Zurich, Switzerland - 27.34% Millionaires. 1 with $13.9 billion. There is a distinction between wealth held by identifiable individual billionaires or a "nuclear family" and the wider notion of an extended family or a historical "dynasty," where the wealth of a . StartupTalky has compiled an exhaustive list of the top richest people in India for the year 2022. Where are the German and Chinese Cities? Greater Mumbai still is the most populated city in its 440 sq. Home to 12 Fortune 500 companies, the city of Philly is Pennsylvanias financial hub. The wealthy city-state has 31 billionaire residents, up from 22 last year, and replaces Seoul in the top 10. $520.1. Tokyo has 39 million residents which are 50% more than any other urban area of the world. In fact, the average annualy income in these neighborhoods is typically over 100,000. Two of those in Beijing are new billionaires this year: Larry Xiangdong Chen of GSX Techedu and Liu Yachao of TAL Education Group, both of whom own companies that provide online education and after-school tutoring for students. Meanwhile, seven cities in Asia with the common denominator of high-income inequality and low wages dominate the list of the worlds cheapest cities. Other industries which influence the economy of Boston include the biotech industry, tourism, finance services and several Fortune 500 companies. 5. According to various estimates, the Japanese capital is home to 13.1 to 13.7 million people. And for the sixth year in a row, more billionaires call New York City home than any other city in the world. Furthermore, being a world-class city, Seoul's cost of living is high compared to other cities in Asia, especially in regards to its real estate prices. In the latest edition of the ranking, North America has a strong showing with seven of the wealthiest cities, by number of millionaires. New York's richest person and former mayor, Michael Bloomberg, is worth $59 billion. It goes without saying that due to its history tourism is a huge draw when it comes to obtaining revenue. Most affluent women worldwide 2022, by net worth, Worldwide wealth distribution by net worth of individuals 2021, Countries with the highest wealth per adult 2021. 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. Furthermore, 121. 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. Five are new billionaires from the finance industry, including private equity wizards, . The top 10. Trip Ideas; Zhongguancun is considered the Silicon Valley of China and is deeply rooted in the electronics and high-tech industries such as Microsoft, Sony and Google. New York is the wealthiest city in the worldhome to 345,600 millionaires with a total private wealth that exceeds $3 trillion. Ever since, San Francisco has remained a strong financial stronghold for the state of California. The Top 5 Cities in Mexico. 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. Despite suffering a tough downturn due to the pandemic, Shanghai remains one of the worlds richest cities. Some cities have some obvious billionaires that come to mind. Each of the columns in the table is sortable by pressing on the arrows at the head of the column: Cities (metropolitan areas) by percentage of national GDP. [3] List [ edit] New York City is also considered the country's leader in finance due to its storied past. Being a prominent city in Asia, Shanghai is home to over 24 million people, there are about6,180 multi-millionaires and 42 billionaires living in Shanghai. Kolkata is the financial, commercial and industrial hub of the North East region. Newcomers from other sectors also joined the ranks, including AI pioneer, Hong Kong remains No. Cities may be defined as the cities proper, the extent of their urban area, or their metropolitan regions. New York is the wealthiest city in the worldhome to 345,600 millionaires with a total private wealth that exceeds $3 trillion. With an estimated GDP of $310 billion, Mumbai ranks number one in the list of the richest cities in India. San Francisco has a rich economic history,,one that includes the wealth generated by the California Gold Rush. According to Jennifer Reynolds, Pre4sident and CEO of Toronto Finance International, Torontos success is due in large part to the strength and significant growth of its financial industry. [1] The list is limited to the top 50 companies, all of which except Elevance Health have annual revenues exceeding US$140 billion. The city of rich historical, cultural, political and social significance, New Delhi, ranks second on this list with a GDP of $293.6 billion. It has more sunshine than Florida, Read More The 20 Safest Places to Live in ArizonaContinue, Generally speaking, when people set out to buy a property, they are recommended to check out the property in person before making the purchase. "Leading Cities with The Most Billionaires in 2022. According to the Greater Houston Project, As retailers work to rebuild their inventories, as factories struggle to resolve supply chain issues, as the global economy continues to grow, so will the demand for Houstons exports, and so will Houston employment,. Standing as one of Russia's largest industrial and financial centre, much of the country's wealth is still tied to this capital city. Other Shanghai entrepreneurs are newcomers to the list, including, , who draws his wealth from express delivery firm ZTO Express, and, , whose anime and entertainment site Bilibili, an uptick in demand after it gave residents of locked down areas. In 2022, cities with strong oil and gas industries like Riyadh, Sharjah, Dubai, Luanda, Abu Dhabi, Doha, and Lagos grew exceptionally. Singapore broke into the top 10, replacing Seoul, which was No. Florence, Italy - 2.59% Millionaires. In the list of Forbes' Philippines' 50 Richest 2020, the Sy siblings remain at the number one spot of Philippines' Rich List for this year with a net worth of $13.9 Billion despite losing $3.3 Billion due to the pandemic. Follow Us. Geneva, Switzerland - 17.92% Millionaires. Once a top contender in manufacturing, today manufacturing revenue covers only around 10 percent of the economy. Surat - City Of Sun. The Rhine-Ruhr metropolitan area is the economic power house of Germany. New York, U.S . 3. Newcomers from other sectors also joined the ranks, including AI pioneer Daniel Dines and Brooklyn native Jay-Z. 27. Surprisingly, this is the Big Apples first time atop the ranking. (((61/33)^(1/15))^10)*33 and (((33/21)^(1/15))^10)*21. By examining a cities GDP, we can get a good idea of its industries and how they contribute to the overall economic growth. Other industries driving their economy are tech, tourism, and the service industries such as hospitality. This international city is also attractive to domestic and foreign investors alike. Kimberly Noel Kardashian West is an American media personality, socialite, model, businesswoman, producer, and actress. "Leading cities with the most billionaires in 2022." E-commerce has seen a boom in China since millions of citizens were locked down in an effort to slow the spread of the coronavirus in January, boosting the fortunes of online retail titans like Colin Huang. Manila: $790 million. Air Cargo News Awards 2020. dnata wins again. This international city has over 192,000 resident millionaires with 34 billionaires. 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. Let me take you through the updated list of the World's richest cities as of 2022. 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. Rounding out the top three cities is Tokyo, with $2.5 trillion in private wealth. In addition, Singapores political stability, low crime rate, and high standard of living have also contributed to its appeal as a place to live and work. Leading cities with the most billionaires in 2022 [Graph]. Ranked: The Worlds Richest Billionaires Over the Past 10 Years, All of the Worlds Money and Markets in One Visualization (2022), The U.S. and China Account for Half the Worlds Household Wealth, Charting the Relationship Between Wealth and Happiness, by Country, Mapped: The Wealthiest Billionaire in Each U.S. State in 2022, Poll: Inflation is the Top Financial Concern for Americans, From New York to Damascus, this infographic uses EIU cost of living data to rank the worlds most and least expensive cities to live in. Singapores richest resident. It had about 2,000 inhabitants at the time. Washington, D.C.. However, today it has moved on to other, more profitable economic interests such as finances, high tech and insurance, to name a few. The Chinese capitals tally of ten-figure-fortunes rose by six since last year to reach 67 billionaires. Tokyo is also a major center for banking and insurance, and is home to many multinational companies like Honda and Sony. Loudoun County is located in the Commonwealth Virginia, with a population of 375,000 people.
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