MacKenzie Scott is an American novelist and philanthropist. The cannabis business is rather recent, but also encourages financial growth for the city. You need a Statista Account for unlimited access. Macao SAR will climb from 17th in 2020 to 9th in 2021. Statista. Moreover, a portion of Beijing's rapid economic growth is the product of international investments, registering over 45,000 foreign-invested businesses in 2020. Gautam Shantilal Adani. "Leading Cities with The Most Billionaires in 2022. 24/7 Wall Street reviewed income levels in 382 metropolitan . (March 17, 2022). In fact, Delhi's population can beat Tokyo by 2028. Our ranking shows the 50 wealthiest countries, measured by gross domestic product per capita and adjusted by the purchasing in the respective country. 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 United Nations uses three definitions for what constitutes a city, as not all cities may be classified using the same criteria. Some cities have some obvious billionaires that come to mind. 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. The country is entirely landlocked and is surrounded by Rwanda, Tanzania, and the Democratic Republic of Congo. If we're looking at cities in terms of total wealth, then the Big Apple leads the pack by a country mile. One dropoff is Rajan Raheja, a member of the citys Raheja real estate clan, who was worth an estimated $2.3 billion last year. Singapores richest resident, Zhang Yong, is also Chinas richest restaurateur the owner of Sichuan hot pot chain Haidilao is $4.2 billion richer than he was in 2019, thanks to a 53% rise in the companys stock over the past year. Fortune Global 500 companies in Tokyo include: Honda Motors, Hitachi, Sony, Mitsubishi and more. You can only download this statistic as a Premium user. Paris is also home to several Fortune Global 500 companies such as, BNP Paribas, Peugeot, CNP Assurances, SNCF, Vivendi and more. Dublin is the wealthiest city, with a per capita income of $115,094. Basically, the metropolitan areas of Maastricht. Other industries which influence the economy of Boston include the biotech industry, tourism, finance services and several Fortune 500 companies. A paid subscription is required for full access. 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! These figures were taken after the market close on September 18, 2020. As of 2020, there is an estimated $3 trillion worth of assets and capital in the city. The place is mostly known for its stunning Renaissance architecture and is . While Shenzhens export-led manufacturers have struggled from the effects of the trade war with the U.S., the citys billionaires added $29.7 billion to their collective net worth since 2019. Sweeping sunsets, desert landscape, and breathtaking canyonsthese are the things that most everyone think of when someone says Arizona. India is the world's second-most populous country, with several large cities and densely inhabited areas. 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. It is home to 304,900 resident millionaires, making it the city with the second most millionaires in the world. 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. Cities may be defined as the cities proper, the extent of their urban area, or their metropolitan regions. The infographic above uses data from EIU to rank the world most and least expensive cities to live in. The current state of the Moscow economy isnt as bright as it was earlier in the year due to sanctions. But the Nations Valentine has so much more to offer. Available: https://www.statista.com/statistics/299494/billionaires-top-cities/, Leading cities with the most billionaires in 2022, Available to download in PNG, PDF, XLS format, Global billionaire population by region 20121, Growth of billionaire wealth globally 2020, by industry, Age distribution of billionaires globally 2021, Value added to the wealth of the world's leading billionaires during pandemic 2021, Number of billionaires worldwide by wealth source 2021, Wealth distribution of billionaires around the world 2021, Total wealth distribution of billionaires around the world 2021, Share of the global wealth held by the richest percent 2010-2021, Distribution of billionaires worldwide 2021, by gender, Youngest billionaires globally 2022, by net worth, Richest self-made women in the United States 2022, based on net worth, Distribution of billionaires in the U.S. by gender 2022, Source of billionaire's wealth worldwide in 2020, by gender, Number of ultra high net worth individuals 2021, by region, Ultra high net worth individuals 2021, by country, Share of the world's billionaires by region 2021, Number of billionaires in Europe in 2021, by country, Wealth of billionaires around the world by region 2021, Primary industries of billionaires worldwide 2021, Breakdown of the average billionaire's wealth worldwide 2021, by assets, Most affluent people in the tech industry worldwide 2022, by net worth, Countries with the biggest emigration of millionaires 2020, Average net worth of billionaires worldwide, 2013, Top 10 countries by average wealth of billionaires 2013, Top 10 countries by the number of billionaires per capita 2013, African cities with the most billionaires, as of 2014, Educational attainment of billionaires worldwide, 2013, Number of billionaires in Africa 2013, by country, Gender distribution of billionaires worldwide, 2013, Top 10 countries by percentage of female billionaires 2014, Average number of children of billionaires worldwide, 2013, Marital status of billionaires worldwide, 2013, Source of billionaire's wealth worldwide, 2013, Average age of billionaires worldwide, 2013, Number of billionaires in select European cities 2014-2018, Top 10 countries by the percentage of female billionaires 2013, Investments of high-net-worth individuals, Find your information in our database containing over 20,000 reports, the most significant industries in the global billionaire production line. Lower down the list So, which cities are lower ranked than in previous years? Surat - City Of Sun. These industries include manufacturing, energy, information tech, finances, telecommunications, education, and telecommunications. Makati City: $4.48 billion. 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 fact, such diversity plays well in times of economic hardship, which includes the recent downturn caused by the pandemic. This city's success is due to its industrial and manufacturing activity, made up of a technology-savvy and highly skilled work force. (Video) TOP 10 RICHEST CITIES In The World 2021 (Uncover) Which is the richest city in the world 2022? Liz Flynn has worked as a full-time writer since 2010 after leaving a career in education. City employment is driven by AT & T, Walgreens, Abbott Labs, the CTA, Walmart and Allstate Insurance, among others. The median home value for the lower Tribeca area is around $2.5 million. Dubai ranks at #6 on the PlanetWare guide, ahead of Singapore, Rome, Istanbul, and Tokyo. American retail corporation Walmart has been the world's largest company by revenue since 2014. Additionally, the world's major companies are headquartered in Seoul, which include Samsung, Hyundai, LG, and Kookmin Bank. 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. In the latest edition of the ranking, North America has a strong showing with seven of the wealthiest cities, by number of millionaires. He is worth $1 billion, becoming the richest actor in the world. By 2025, the city's GDP would have [] If you are an admin, please authenticate by logging in again. Burundi GDP Per Capita: 724 Burundi, located in Central Africa, is the number one poorest country in the world by current figures. 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. The top 10 riches cities in the world behind New York City were Tokyo, San Francisco Bay Area, London, Singapore, Los Angeles and Malibu, Chicago, Houston, Beijing, and Shanghai. India is the second largest country in the world after China. RANKED: These Are The 50 Richest Towns To Live In The United States, 2020 Sophie Ireland C-Suite Lifestyle February 21, 2020 With an average household income of more than $525,000, Atherton, California is the richest town in the United States, that's according to a Bloomberg report. 10. Lets take a closer look at some of the top-ranking cities making the list. Let me take you through the updated list of the World's richest cities as of 2022. In fact, Tokyo plays host to the top money-building organizations and minds anywhere on Earth. Washington, District of Columbia: $578.985 Billion, 4. + - Leaflet | Tiles OpenMapTiles | Data OpenStreetMap contributors Income distibution for all U.S. cities 6 and No. Register in seconds and access exclusive features. Its also host to the headquarters of around 75 percent of the worlds Fortune 500 companies. Current Health Expenditure per Capita. 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,. If that is the case, knowing its cost of living is vital. 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. 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. 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. 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, . When Covid struck, global traveling came to a halt, and for a while Macao even slipped out of the 10 richest nations ranking. It has a diverse stable economy ranging from Gas Extraction and Manufacturing, Companies and Enterprise, and Retail Trade. 11. 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. Manila: $790 million. However, Shanghai is one of Asia's most expensive cities to live in, due to its high cost of living, from real estate to daily transportation. 1. New York. She finds almost all topics she writes about interesting, but her favorite subjects are travel and food. Their net worth is based on the data from 2022 available on their respective Forbes profiles. 1. Profit from the additional features of your individual account. Those include, , who heads Indias largest paint company, Asian Paints, and the, , who control adhesives and sealants maker Pidilite Industries. 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 12. Though approximately 23% of Beijing's GDP is linked to its manufacturing sector, over 80% of the city's wealth is tied to the service sector. area followed by Delhi, Kolkata, Bangalore and Chennai. Indian richest cities 2021. from people staying indoors and spending more time online. 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. Toronto is the second largest financial center in North America, Like New York City, Torontos financial hub is populated by diverse industries. As a major commercial hub for England, a number of established companies are found in London, such as Unilever, Barclays, BP, and Shell. Kimberly Noel Kardashian West is an American media personality, socialite, model, businesswoman, producer, and actress. City of Clayton -$146,225. Well-known corporations that reside in SEZ are Tencent, Huawei and DJI. Wealthiest cities (amount in billions . San Francisco has a rich economic history,,one that includes the wealth generated by the California Gold Rush. Trip Ideas; Kolkata is the financial, commercial and industrial hub of the North East region. Cebu City: $660 million. This infographic uses information from the Henley Global Citizens Report, in partnership with New World Wealth, to rank the worlds wealthiest cities. Ever since, San Francisco has remained a strong financial stronghold for the state of California. Japans largest city is home to the Tokyo Stock Exchange, which is one of the largest stock exchanges in Asia by market capitalization. London is known for its financial and business sectors, and it attracts a significant number of high-earning professionals who contribute to its reputation as a hub of wealth and luxury. New York's richest person and former mayor, Michael Bloomberg, is worth $59 billion. The TYO encompasses over 3,700 listed companies and a market value estimated at JPY 600 trillion (or approximately $42 billion USD). But what are the fastest growing cities for the rich? Newsletter. Please create an employee account to be able to mark statistics as favorites. Media mogul turned politician Michael Bloomberg, founder of Bloomberg, is the . The richest cities in the world are determined by their gross domestic product, or GDP. 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. Image Source. In 2020, New York had the largest number of ultra wealthy individuals (UHNW), reaching 11,475 people. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 600+ segments in 150+ countries, Insights on consumer attitudes and behavior worldwide, Business information on 60m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. 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. Richest Resident: Colin Zheng Huang, $55.3 Billion Shanghai remained at number six despite adding 18 new billionaires and Colin Zheng Huang is the richest resident of the city. Mapped: Europes Biggest Sources of Electricity by Country, Visualizing the Scale of Global Fossil Fuel Production, Visualizing U.S. In an attempt to rank the cities of the world according to wealth, we will use the Purchasing Power Parity (PPP) as a means of comparison. Other industries driving their economy are tech, tourism, and the service industries such as hospitality. The Richest Cities are shown below, based on GDP (Gross Domestic Product) data from 2011. The number of millionaires has been growing steadily over the last 10 years, and if the trends of recent years hold, San Francisco could become the number one millionaire hub by 2040. Palo Alto - $147,537 In fact, London is one of the chief financial centers of the world. The third-wealthiest country in Asia is Japan, with just over $5.3 trillion. Chinese energy giants State Grid, China National Petroleum, and Sinopec rounded out the top five. Much like Shanghai, Beijing enjoys a reputation as one of the Asia's (and the world's) wealthiest cities. When determining the GDP, the UN classifies 3 methods to determine it: City proper, urban area and metropolitan regions.. Our numbers for the richest cities in the world are based on the metropolitan statistical region. 27. Atherton, CA (income: $525,324/ bailout: $3.8 million) - With a median home price of. Many cities in India are densely inhabited, trade between them has improved, and transportation systems have been modernized. Richest Cities in the World. China is crucial to the worlds supply chain, and Shenzhens container port is one of the largest. One dropoff is. Its no surprise to anyone that a good chunk of the Paris economy is the tourist trade. The TYO encompasses over 3,700 listed companies and a market value estimated at JPY 600 trillion (or approximately $42 billion USD). The richest country in the world is Luxembourg. Those include Abhay Vakil, who heads Indias largest paint company, Asian Paints, and the Parekh brothers, who control adhesives and sealants maker Pidilite Industries. This video will compare the top 50 richest people in the world by net worth in 2020. Its known as the mecca of tech innovation, and as a result, the region has a high concentration of wealthy individuals. 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. How does a city become one of the wealthiest in the world? Frankfurt in Germany is the second richest city after Dublin with an income of $102,941 per capita. 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. These initiatives include the Small Business Improvement Fund, the Chicago Recovery Grant, Special Service Area Program, Tax Increment Financing and more. Chicago, which serves as the home base for 35 Fortune 500 companies, is home to 160,100 millionaires, 340 centimillionaires and 28 . New Delhi- GDP $293.6 Billion. Moreover, when it comes to its residents, there are about 9,210 multi-millionaires calling London home, as well as 38 billionaires. Industries critical for L.A.s economic success include entertainment, international trade, gaming, tourism, fashion and more. In terms of asset management, FinTech, and ESG investment, Tokyos continued growth as the worlds most foremost economies appears secured. Cities become expensive due to a variety of factors such as high demand for housing, a concentration of high-paying businesses and industries, and a high standard of living. You need at least a Starter Account to use this feature. Fortune 500 companies include Comcast, Colonial Penn, Sunoco, Aramark, CIGNA, Lincoln Financial Group, and more. Montgomery Street is considered the Wests Wall Street and is located in San Francisco. Among the top 10 richest economies, Ireland has the fastest-growing economy with 13.04%. Learn more about how Statista can support your business. Newcomers from other sectors also joined the ranks, including AI pioneer, Hong Kong remains No. [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. The PPP is a way to meaure prices in different countries (and ultimate convert between currencies), based on the equal amount of goods and services that can be bought.