Washington, District of Columbia: $578.985 Billion, 4. Not surprisingly, China is home to three of these cities, including Hong Kong (SAR). But if this inflation is compounded with a strong national currency, you may live in one of the worlds most expensive cities. March 17, 2022. These cities have a combined GDP of $2.4st trillion, equating to more than double that of second-place San Francisco. The current state of the Moscow economy isnt as bright as it was earlier in the year due to sanctions. Another industry that rains gobs of revenue on the City of London is the tourism industry with over 20 million visitors per year. Sy Siblings Still at Top. Dallas Number of individuals with a net worth of $5 million or more: 36,515 Percentage of global population: 1.2% 9. Florence, Italy - 2.59% Millionaires. 6 and No. 1. 12. 1. Trip Ideas; Beyonc, Jay Z and Taylor Swift are just a few of the celebrities who own property in Tribeca. 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. London and the rest of the United Kingdom finally left the European Union on January 31st, 2020. Japans largest city is home to the Tokyo Stock Exchange, which is one of the largest stock exchanges in Asia by market capitalization. The City of Chicagos economy is home to a strong financial sector which includes the Chicago Board of Trade, NYSE Arca, Chicago Mercantile Exchange, Chicago Board Options Exchange and the Chicago Stock Exchange. Although she spends most of her time writing, she also enjoys spending time with her husband and four children, watching films, cooking, dining out, reading, motorsports, gaming, and walking along the beach next to her house with her dog. Manila: $790 million. China's capital city offers services in key sectors related to finance, information technology, scientific research, and industry. At 89 years old, Warren Buffett is the oldest richest person by 5 years. Tokyo's wealth is also tied to the Tokyo Stock Exchange (TYO), regarded as one of the largest stock exchanges in the world. 2. 7 and Shanghai and Beijing staying flat at No. 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. to incorporate the statistic into your presentation at any time. Beijing also has a sizeable billionaire population of 100 people, compared to any other international city. 1. London and the rest of the United Kingdom finally left the European Union on January 31st, 2020. Moreover, dozens of Russia's most prominent companies are also headquartered in Moscow that contribute to the city's wealth, which includeRosneft, Sberbank, Russian Railways, and Lukoil. UAE in Top 20. Tourism is another major contributor to the economy of Philadelphia. Among the top 50 economies having the highest gdp per capita, Macao SAR . 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 the latest edition of the ranking, North America has a strong showing with seven of the wealthiest cities, by number of millionaires. Mapped: Which Countries Have the Highest Inflation? Additionally, factors such as taxes, transportation costs, and availability of goods and services can also contribute to the overall cost of living in global cities. 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One of the largest cities in the world with the GDP of about 1,520 billion dollars, Tokyo is the wealthiest city in the world in terms of GDP ranking. Currently, 43 Fortune 500 companies that call New York City home include: Verizon, JP Morgan, Pfizer, Citigroup, MetLife, Goldman Sachs, Morgan Stanley, and more. 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. 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. The methodology of calculating GDP may differ between the studies and are widely based . In total, these 30 people control. Beijing, China: $591.374 Billion Beijing is the capital of China and has a population of over 20 million. For the fourth straight year, Atherton topped Bloomberg's Richest Places annual index. 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. Home to both invention and innovation, animes, mangas and of course, robots, Tokyo is known as the financial center of the world. 4, respectively. This included plans of action to assist with rent, taxes, business subsidies and more. Other industries which thrive here are those in high-tech, scientific R&D, professional services such as legal, insurance, finance and public administration. The list of top 50 richest football clubs in the world ranked by Forbes have been revealed. Being the largest city of the country, Mumbai is extensively . 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.". Kicking off the list is the charming Italian city of Florence - which is kind of surprising. Geneva, Switzerland - 17.92% Millionaires. By examining a cities GDP, we can get a good idea of its industries and how they contribute to the overall economic growth. 7 and Shanghai and Beijing staying flat at No. Macao SAR will climb from 17th in 2020 to 9th in 2021. Please do not hesitate to contact me. New York is the wealthiest city in the worldhome to 345,600 millionaires with a total private wealth that exceeds $3 trillion. The county seat of Loudoun is in Leesburg, where most administration activities take place. Los Angeles, Chicago and Houston round out the top five. Learn how your comment data is processed. Chinese energy giants State Grid, China National Petroleum, and Sinopec rounded out the top five. Asia is the region with the second most millionaires with six cities in the mix. 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. The typical American household earns $57,617 per year. If you are an admin, please authenticate by logging in again. New York City, USA: $1,330.000 Billion. New York's richest resident, 476 Washington Avenue, former mayor Michael Bloomberg, has a net worth of $45 billion, making him one . 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. Currently, you are using a shared account. 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). A big economic draw for San Francisco is its close proximity to Silicon Valley. Liz Flynn has worked as a full-time writer since 2010 after leaving a career in education. Makati City: $4.48 billion. Mapped: Europes Biggest Sources of Electricity by Country, Visualizing the Scale of Global Fossil Fuel Production, Visualizing U.S. This video will compare the top 50 richest people in the world by net worth in 2020. 10. The PPP is a way to meaure prices in different countries (and ultimate convert between currencies), based on the equal amount of goods and services that can be bought. Liz loves the process of researching information, learning new things, and putting into words what others who share her interests might like to read. Tokyo is the economic hub of Japan and is one of the most important cities in the world for business and finance. A home stands in Atherton, California, U.S., on Tuesday, Feb. 18, 2020. Even though the city was riddled with the effects of the pandemic, Job growth occurred with another 5,700 jobs added. Top 100 City Lists Top 100 cities with highest median household income Top 100 cities with highest median household income Previous toplist Next toplist New! Top 10 Richest Asian Countries (2020 GDP, Int$ PPP - World Bank) China - $24.27 trillion; . Industries that have found success in the city include food processing, manufacturing, publishing, insurance and tourism. Everything from financial services, fashion, digital media, the food/beverage industry and tech found a home in Toronto. Like the other cities mentioned in our list of the richest cities of the world, the economy of Washington, D.C. is a diverse one. Much like Shanghai, Beijing enjoys a reputation as one of the Asia's (and the world's) wealthiest cities. Companies that have offices in Boston include BNY Mellon, Goldman Sachs and Microsoft. [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. Tokyo, Japan- GDP: $1,520 billion. Which Countries Have the Lowest Inflation? According to Investopedia, Gross domestic product (GDP) is the total monetary or market value of all the finished goods and services produced within a countrys borders in a specific time period. In this case, we are looking at the GDP of metropolitan statistical areas, and not countries. 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. Washington, D.C.. 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. 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. 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. Delhi city is the second most populated city in the world with a 30,291,000 million population. At 35 years old, Mark Zuckerberg is the youngest richest person by more than a decade. New York, U.S . Among the top 10 richest economies, Ireland has the fastest-growing economy with 13.04%. China retains its title as the country with the most cities in the top 10, with Shenzhen moving up one spot to No. And for the sixth year in a row, more billionaires call New York City home than any other city in the world. - Mappe, Popolazione, Statistiche Demografiche dell'ISTAT", "Total Real Gross Domestic Product for Wichita, KS (MSA)", "Population estimates by selected Non-ABS Structures, 2010-2020", "China: Gungdng (Prefectures, Cities, Districts and Counties) - Population Statistics, Charts and Map", https://en.wikipedia.org/w/index.php?title=List_of_cities_by_GDP&oldid=1142520927, This page was last edited on 2 March 2023, at 21:41. Richest Places in the World According to a recent study by Forbes, the five richest cities in the world are Tokyo, New York City, Los Angeles, London, and Paris. area followed by Delhi, Kolkata, Bangalore and Chennai. 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. In fact, the average annualy income in these neighborhoods is typically over 100,000. 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. Visakhapatnam - Industrial Port Of India. Among the top 50, Aruba will climb five spots. Ever since, San Francisco has remained a strong financial stronghold for the state of California. Are you interested in testing our business solutions? Major sectors there include: real estate and fund management. The Shenzhen Special Economic Zone was created in May of 1980 and is based on Irelands Shannon Free Zone. 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. Kimberly Noel Kardashian West is an American media personality, socialite, model, businesswoman, producer, and actress. 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. In pre-Covid times, Chicago clocked round 55 million tourists in 2017. Dublin is the wealthiest city, with a per capita income of $115,094. 2022 Rankings of Highly Urbanized Cities. Taguig City: $480 million. , 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. South Koreas Wall Street is the Korea Exchange in Yeoui Island. Let me take you through the updated list of the World's richest cities as of 2022. "Leading cities with the most billionaires in 2022." Los Angeles is a city that takes great strides to encourage economic growth. 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. Moreover, a portion of Beijing's rapid economic growth is the product of international investments, registering over 45,000 foreign-invested businesses in 2020. Some of them have topped the rankings for decades, while some others are less well-known. Finally, Oceania has two cities on the list, both located in Australia. 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. Meanwhile, seven cities in Asia with the common denominator of high-income inequality and low wages dominate the list of the worlds cheapest cities. Cities may be defined as the cities proper, the extent of their urban area, or their metropolitan regions. 2. With an estimated GDP of $310 billion, Mumbai ranks number one in the list of the richest cities in India. How many millionaires, centimillionaires, and billionaires live in the worlds wealthiest cities? 9 last year. This northern Chinese city is not only a hub for luxury brands, it headquarters China's largest companies, many of which are considered in the Fortune Global 500. Profit from the additional features of your individual account. It had about 2,000 inhabitants at the time. Chicago, which serves as the home base for 35 Fortune 500 companies, is home to 160,100 millionaires, 340 centimillionaires and 28 . Though residents are keen on investing in the real estate market, younger generations are finding it difficult to afford a home in Seoul due to the rising cost of real estate property and rising economic insecurity. Toronto is the second largest financial center in North America, Like New York City, Torontos financial hub is populated by diverse industries. San Francisco has a rich economic history,,one that includes the wealth generated by the California Gold Rush. 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. This city's success is due to its industrial and manufacturing activity, made up of a technology-savvy and highly skilled work force. 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). Mumbai gained one billionaire resident since 2019, losing five billionaires but adding six newcomers. Dubai in top 10. 1. Standing as Russia's capital for centuries, the country's national wealth has been building in Moscow since the 1990s after the fall of the Soviet Union. Statista. Moreover, there are over 25 FortuneGlobal 500companies headquartered in Paris (which are the top companies in the world based on their revenues) including Danone, Sanofi, Christian Dior, and Finatis. 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. Singapore is home to 249,800 millionaires making it the second richest city in Asia after Tokyo. 3. Values soared as interest rates on loans went down in a sellers market, which made it tougher to find affordable properties. Current Health Expenditure per Capita. The decade-long conflict in Syria weakened the Syrian pound, led to a spiraling inflation and fuel shortages, and further collapsed its economy. Tokyo has 39 million residents which are 50% more than any other urban area of the world. [1] The list is limited to the top 50 companies, all of which except Elevance Health have annual revenues exceeding US$140 billion. 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. Boasting a population of over 300,000 resident millionaires, Tokyo is also home to a dozen billionaires. New Delhi- GDP $293.6 Billion. Newcomers to the billionaire ranks who live in San Francisco include private equity dealmaker Orlando Bravo and cloud communications entrepreneur Vlad Shmunis. Moreover, when it comes to its residents, there are about 9,210 multi-millionaires calling London home, as well as 38 billionaires. Loudoun County is the richest county in the USA, with an estimated average household income of $ 117,876. It has a diverse stable economy ranging from Gas Extraction and Manufacturing, Companies and Enterprise, and Retail Trade. Despite being significantly smaller than Los Angeles, San Francisco houses more millionaires than its southern California counterpart. . This year 92 billionaires live in the Big Apple as their primary residence 8 more than a year ago. 27. + - Leaflet | Tiles OpenMapTiles | Data OpenStreetMap contributors Income distibution for all U.S. cities The Chinese capitals tally of ten-figure-fortunes rose by six since last year to reach 67 billionaires. As such, you can see how anything affecting these shipping ports will have a negative impact on world wide supply chain logistics. Some cities have some obvious billionaires that come to mind. (Video) TOP 10 RICHEST CITIES In The World 2021 (Uncover) Which is the richest city in the world 2022? Home to 12 Fortune 500 companies, the city of Philly is Pennsylvanias financial hub. By 500 A.D., Constantinople modern-day Istanbul was home to about half a million people (it's now the fourth-largest city on the planet). The Chinese capitals tally of ten-figure-fortunes rose by six since last year to reach 67 billionaires. the country's economy as a whole is one of the fastest growing in the world. Fortune Global 500 companies include SK Holdings, POSCO, LG Electronics and more. The TYO encompasses over 3,700 listed companies and a market value estimated at JPY 600 trillion (or approximately $42 billion USD). (((61/33)^(1/15))^10)*33 and (((33/21)^(1/15))^10)*21. In 2019, San Francisco's tourism industry resulted in 86,111 jobs. The wealthy city-state has 31 billionaire residents, up from 22 last year, and replaces Seoul in the top 10. The ideal entry-level account for individual users. Due to heavy investment into research and development, high-tech companies in Shenzen have consistent government support. Rounding out the top three cities is Tokyo, with $2.5 trillion in private wealth. 24/7 Wall Street reviewed income levels in 382 metropolitan . If youre looking, Read More The 20 Cheapest Places to Buy Land in the U.S. 2022Continue. Our ranking shows the 50 wealthiest countries, measured by gross domestic product per capita and adjusted by the purchasing in the respective country. Billionaire refers to U.S. dollar billionaire. 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, , founders of online gaming firm Playrix; and, , who inherited part of the fortune of her late father, Brazilian healthcare tycoon, in an effort to slow the spread of the coronavirus in January, boosting the fortunes of online retail titans like, . Chart. London City | Photo: Reuters 7. The headquarters of several cities are also found in Tokyo, which include Honda, Sony, Hitachi, and Mitsubishi. 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. 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.