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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. According to the Hurun Global Rich List 2022, the leading city with the most billionaires in 2022 was Beijing. Other industries which influence the economy of Boston include the biotech industry, tourism, finance services and several Fortune 500 companies. As a SEZ, businesses in the area receive special treatment in the form of tax benefits, which helps increase the GDP bottom line immensely. The top ten richest cities in the world based on private wealth include: A home stands in Atherton, California, U.S., on Tuesday, Feb. 18, 2020. 30 in the index, a. This includes the burgeoning FinTech, or financial technology industries. Being China's largest city, Shanghai also houses on of the world's largest ports, due to its proximity to the Yangtze River Delta. the country's economy as a whole is one of the fastest growing in the world. Other Shanghai entrepreneurs are newcomers to the list, including Wang Jilei, who draws his wealth from express delivery firm ZTO Express, and Chen Rui, whose anime and entertainment site Bilibili saw an uptick in demand after it gave residents of locked down areas free access to premium content. At 89 years old, Warren Buffett is the oldest richest person by 5 years. These are the 10 wealthiest cities in the world - and the number of wealthy individuals who live in each of them - according to Henley & Partners' report. Cities in the UAE became millionaire magnets, attracting over 4,000 millionaires in 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. 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. These cities have a combined GDP of $2.4st trillion, equating to more than double that of second-place San Francisco. 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. For example, Moscow's rich neighborhoods like Rublyovka contain private houses that can cost up to $60 to $80 million! Loudoun County. Values soared as interest rates on loans went down in a sellers market, which made it tougher to find affordable properties. Learn more about how Statista can support your business. According to various estimates, the Japanese capital is home to 13.1 to 13.7 million people. Sy Siblings Still at Top. In 2020, New York had the largest number of ultra wealthy individuals (UHNW), reaching 11,475 people. New York is the wealthiest city in the worldhome to 345,600 millionaires with a total private wealth that exceeds $3 trillion. And for the sixth year in a row, more billionaires call New York City home than any other city in the world. In pre-Covid times, Chicago clocked round 55 million tourists in 2017. 1. There are 4,000 cities and towns in India. Los Angeles, Chicago and Houston round out the top five. By 2025, the city's GDP would have [] Five are new billionaires from the finance industry, including private equity wizards, . The Big Smoke is no stranger to economic prosperity. Among the top 50, Aruba will climb five spots. 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. + - Leaflet | Tiles OpenMapTiles | Data OpenStreetMap contributors Income distibution for all U.S. cities She finds almost all topics she writes about interesting, but her favorite subjects are travel and food. March 17, 2022. The richest person in New York City is Bloomberg LP founder and former Mayor, $1 billion of his $48 billion fortune on a failed presidential campaign before dropping out in March to endorse Joe Biden. It is the largest urban economy on the planet. In 2019, San Francisco's tourism industry resulted in 86,111 jobs. The billionaire's rank, nationality, and source of his or her wealth is listed. 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. Fortune 500 companies include Discovery Communications, Fannie Mae, Walmart and CACI International among others. Its wealthiest resident, , chairman and CEO of Internet media behemoth Tencent Holdings, is the, . These four cities are home to 228 billionaires. Newcomers to the billionaire ranks who live in San Francisco include private equity dealmaker. Mapped: Europes Biggest Sources of Electricity by Country, Visualizing the Scale of Global Fossil Fuel Production, Visualizing U.S. This included plans of action to assist with rent, taxes, business subsidies and more. In some U.S. cities, however, more than half of all households earn $70,000-plus. 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. 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. A little known fact is that L.A. is the manufacturing center of the country. Pune - Oxford Of The East. Home to both invention and innovation, animes, mangas and of course, robots, Tokyo is known as the financial center of the world. As a major commercial hub for England, a number of established companies are found in London, such as Unilever, Barclays, BP, and Shell. Toronto is the second largest financial center in North America, Like New York City, Torontos financial hub is populated by diverse industries. Learn how your comment data is processed. Currently, you are using a shared account. The Rhine-Ruhr metropolitan area is the economic power house of Germany. ", Hurun Research Institute, Leading cities with the most billionaires in 2022 Statista, https://www.statista.com/statistics/299494/billionaires-top-cities/ (last visited March 04, 2023), Leading cities with the most billionaires in 2022 [Graph], Hurun Research Institute, March 17, 2022. Additionally, approximately 18% of Japan's universities are found in Tokyo. Register in seconds and access exclusive features. $516.5. Palo Alto - $147,537 A good part of their revenue comes from their port, which is the largest container port in the world. The four cities that made the top 50 in 2019 but did not make . He is worth $1 billion, becoming the richest actor in the world. Visualizing the Global Share of U.S. Stock Markets. After all, its Philadelphias rich history that fuels the tourist trade that brings over 2 million visitors from both the U.S. and foreign countries every year. Five are new billionaires from the finance industry, including private equity wizards Tony Tamer and Steven Klinsky. In fact, Seoul is known as the most wired city in the world due to the high concentration of high-tech industries. This infographic uses information from the Henley Global Citizens Report, in partnership with New World Wealth, to rank the worlds wealthiest cities. Lower down the list So, which cities are lower ranked than in previous years? Pasig City: $710 million. While Shenzhens export-led manufacturers have. 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. Loudoun County is the richest county in the USA, with an estimated average household income of $ 117,876. Access to this and all other statistics on 80,000 topics from, Show sources information When is it OK to Buy a House Site Unseen as an Investor? 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. Both these cities had high inflation and a strong currency. Profit from the additional features of your individual account. 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. 3. 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. However, today it has moved on to other, more profitable economic interests such as finances, high tech and insurance, to name a few. 2 on the list, but the city recorded a net loss of eight billionaire residents. The Shenzhen Special Economic Zone was created in May of 1980 and is based on Irelands Shannon Free Zone. Liz loves the process of researching information, learning new things, and putting into words what others who share her interests might like to read. New York City is also considered the country's leader in finance due to its storied past. 20 Cities with the Worst Weather in the U.S. How Eiza Gonzalez Achieved a Net Worth of $5 Million. Among Singapores newcomers are gaming tycoons Forrest Li and Gang Ye, cofounders of the online gaming and e-commerce firm Sea; both industries have benefited from people staying indoors and spending more time online. Today, with 272,400 millionaires, the city holds a more humble position. In fact, Delhi's population can beat Tokyo by 2028. Top 10 Poorest Countries In The World 1. 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. Mumbai gained one billionaire resident since 2019, losing five billionaires but adding six newcomers. Photo: @Kim Kardashian West. 2022 Rankings of Highly Urbanized Cities. Many cities in India are densely inhabited, trade between them has improved, and transportation systems have been modernized. 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. 12. 4, respectively. 1. 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 city-state of Singapore is the wealthiest country in Asia, with a per-capita GDP of . But the Nations Valentine has so much more to offer. 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. 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. Principal industries which were the engine behind Moscows economy are textile, metallurgy, energy, and chemical. Please create an employee account to be able to mark statistics as favorites. On a related note, there is a sizeable population of secondary homeowners in London. 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. Mapped: Which Countries Have the Highest Inflation? Reportedly, Moscovites earn a higher salary compared to national average, with many much of their income tied to renting real estate property and entrepreneurial ventures. 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. Paris is also home to several Fortune Global 500 companies such as, BNP Paribas, Peugeot, CNP Assurances, SNCF, Vivendi and more. Manila: $790 million. Among the top 10 richest economies, Ireland has the fastest-growing economy with 13.04%. Additionally, the citys real estate market is known for being expensive, with sky-high property values and rents. 10. "Leading Cities with The Most Billionaires in 2022. Florence, Italy - 2.59% Millionaires. Air Cargo News Awards 2020. dnata wins again. Indian richest cities 2021. - 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. 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. Accessed March 04, 2023. https://www.statista.com/statistics/299494/billionaires-top-cities/, Hurun Research Institute. London City | Photo: Reuters 7. These industries include manufacturing, energy, information tech, finances, telecommunications, education, and telecommunications. Let's consider New York City. Japans largest city is home to the Tokyo Stock Exchange, which is one of the largest stock exchanges in Asia by market capitalization. Lets take a closer look at some of the top-ranking cities making the list. For the fourth straight year, Atherton topped Bloomberg's Richest Places annual index. A big economic draw for San Francisco is its close proximity to Silicon Valley. 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. Singapore broke into the top 10, replacing Seoul, which was No. Seven cities have population more than 3 million. 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. On this list, New York City was ranked as the richest city with a total of $3 trillion in private wealth. 29. If that is the case, knowing its cost of living is vital. As such when it comes to the richest cities in the world, New York City comes in at number 2. 1. 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. 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. Tokyo may not be as wealthy as New York, but this megacity remains one of the richest cities in Asia. Luxury services also play a significant factor in Paris' economy, acting as a hub for famous brands like Mot, Cartier, and Louis Vuitton. The Top 15 Cities in Asia in 2020. 2. You need a Statista Account for unlimited access. Richest Cities in the World. The decade-long conflict in Syria weakened the Syrian pound, led to a spiraling inflation and fuel shortages, and further collapsed its economy. You need at least a Starter Account to use this feature. Basically, the metropolitan areas of Maastricht. Tokyo's wealth is also tied to the Tokyo Stock Exchange (TYO), regarded as one of the largest stock exchanges in the world. Newcomers to the billionaire ranks who live in San Francisco include private equity dealmaker Orlando Bravo and cloud communications entrepreneur Vlad Shmunis. Meanwhile, seven cities in Asia with the common denominator of high-income inequality and low wages dominate the list of the worlds cheapest cities. The ideal entry-level account for individual users. Tokyo is the economic hub of Japan and is one of the most important cities in the world for business and finance. 3. China's capital city offers services in key sectors related to finance, information technology, scientific research, and industry. 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. 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. Beyonc, Jay Z and Taylor Swift are just a few of the celebrities who own property in Tribeca. It goes without saying that due to its history tourism is a huge draw when it comes to obtaining revenue. These figures were taken after the market close on September 18, 2020. The largest economy in states, New York Citys prosperity is rooted in Wall Street. The richest country in the world is Luxembourg. The place is mostly known for its stunning Renaissance architecture and is . Kimberly Noel Kardashian West is an American media personality, socialite, model, businesswoman, producer, and actress. 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. RICHEST RESIDENT: VLADIMIR POTANIN, $19.7 BILLION Getty Images Moscow is the only other city among the top 10, besides Shenzhen, where every single billionaire is self-made (as opposed to. How does a city become one of the wealthiest in the world? At its peak, General Motors enjoyed a 50% market share in the United States. Companies that have offices in Boston include BNY Mellon, Goldman Sachs and Microsoft. area followed by Delhi, Kolkata, Bangalore and Chennai. This year 92 billionaires live in the Big Apple as their primary residence 8 more than a year ago. Los Angeles, USA The city of Los Angeles makes significant efforts to foster economic growth in the local community.
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