The Big Smoke is no stranger to economic prosperity. Beyonc, Jay Z and Taylor Swift are just a few of the celebrities who own property in Tribeca. London, United Kingdom: $978.402 Billion, 2. One dropoff is. Dallas Number of individuals with a net worth of $5 million or more: 36,515 Percentage of global population: 1.2% 9. "Leading Cities with The Most Billionaires in 2022. New York is home to many Fortune 500 companies and is the financial heart of the United States, with the New York Stock Exchange and NASDAQ located in the Big Apple. However, today it has moved on to other, more profitable economic interests such as finances, high tech and insurance, to name a few. Top 10 Richest Asian Countries (2020 GDP, Int$ PPP - World Bank) China - $24.27 trillion; . A home stands in Atherton, California, U.S., on Tuesday, Feb. 18, 2020. In 2020, New York had the largest number of ultra wealthy individuals (UHNW), reaching 11,475 people. Apart from the cost of a home, examining how, Read More What is the Cost of Living in New Hampshire?Continue, Mexicos proximity to the US makes it a hugely popular option for American expats and retirees. Asia is the region with the second most millionaires with six cities in the mix. Current Health Expenditure per Capita. Another crucial element is the neighborhood of Zhongguancun. 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. Among the top 10 richest economies, Ireland has the fastest-growing economy with 13.04%. Luxury services also play a significant factor in Paris' economy, acting as a hub for famous brands like Mot, Cartier, and Louis Vuitton. London and the rest of the United Kingdom finally left the European Union on January 31st, 2020. Pasig City: $710 million. Its wealthiest resident, , chairman and CEO of Internet media behemoth Tencent Holdings, is the, . 12. Moreover, when it comes to its residents, there are about 9,210 multi-millionaires calling London home, as well as 38 billionaires. 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. 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. Out of the 2,095 members of the 2020 Forbes Worlds Billionaires list, 552 live in just ten cities. Despite its picture of wealth, only a small percentage of Seoul's population claim to be wealthy. + - Leaflet | Tiles OpenMapTiles | Data OpenStreetMap contributors Income distibution for all U.S. cities Though San Francisco relishes in its economically wealthy reputation due to the nature of Silicon Valley and its billionaire population, Los Angeles enjoys a similar status. Various lists of the richest families in the world (excluding royal families or autocratic ruling dynasties) are published internationally, by Forbes as well as other business magazines.. Today, Boston is a center of learning with many stellar educational institutions like MIT and Harvard, which contribute greatly to Bostons economy. 9 last year. China retains its title as the country with the most cities in the top 10, with Shenzhen moving up one spot to No. 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. Penthouses in the 30 Park Place complex are currently listed for 10 times as much. This may not be surprising, considering the U.S. is the world's largest wealth marketit holds over 29% of the world's wealth. With about 2,320 multi-millionaires calling Paris home, the backbone of this European city relies on hospitality, commerce, transportation, and other services. The collective net worth of the citys billionaires is $424 billion, down $45.7 billion from a year ago. Tokyo may not be as wealthy as New York, but this megacity remains one of the richest cities in Asia. 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. Companies that have offices in Boston include BNY Mellon, Goldman Sachs and Microsoft. Some cities have some obvious billionaires that come to mind. In, Hurun Research Institute. Kimberly Noel Kardashian West is an American media personality, socialite, model, businesswoman, producer, and actress. Cairo Cairo Pyramids Hotel - Cairo, Egypt (photo: Marriott) ADVERTISEMENT Located along the Nile River, Cairo is one of the. It is home to 304,900 resident millionaires, making it the city with the second most millionaires in the world. Organisation for Economic Co-operation and Development, List of most expensive cities for expatriate employees, List of country subdivisions by GDP over 200 billion US dollars, "Gross Domestic Product: Implicit Price Deflator", "Standard country or area codes for statistical use (M49): Geographic Regions", "Global Wealth GDP Nominal Distribution: Who Are The Leaders Of The Global Economy? Sy Siblings Still at Top. 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. 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. Palo Alto - $147,537 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. 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. 2. She finds almost all topics she writes about interesting, but her favorite subjects are travel and food. Ever since, San Francisco has remained a strong financial stronghold for the state of California. The United Nations uses three definitions for what constitutes a city, as not all cities may be classified using the same criteria. 3. Tourism is another major contributor to the economy of Philadelphia. For instance, Osaka is home to major electronics corporations like Sharp and Panasonic as well as pharmaceutical companies, food, retail and trading companies. Other industries driving their economy are tech, tourism, and the service industries such as hospitality. $520.1. 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. The decade-long conflict in Syria weakened the Syrian pound, led to a spiraling inflation and fuel shortages, and further collapsed its economy. Its no surprise to anyone that a good chunk of the Paris economy is the tourist trade. Another industry that rains gobs of revenue on the City of London is the tourism industry with over 20 million visitors per year. The infographic above uses data from EIU to rank the world most and least expensive cities to live in. Other profitable sectors include information technology, medical technology, retail, financial and legal sectors. Then you can access your favorite statistics via the star in the header. Access to this and all other statistics on 80,000 topics from, Show sources information Furthermore, Tokyo owns 10% and close to 16% of Japan's officespace and workers, respectively. Delhi city is the second most populated city in the world with a 30,291,000 million population. Everything from financial services, fashion, digital media, the food/beverage industry and tech found a home in Toronto. This infographic uses information from the Henley Global Citizens Report, in partnership with New World Wealth, to rank the worlds wealthiest cities. The Richest Cities are shown below, based on GDP (Gross Domestic Product) data from 2011. India is the second largest country in the world after China. Newcomers to the billionaire ranks who live in San Francisco include private equity dealmaker. Business Solutions including all features. 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. London and Paris are the major and richest cities in Europe with a GDP of US$835 billion and US$822 billion respectively. 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. 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. 1. 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. Property prices fell 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 newcomer real estate developer Lun Ruixiang. Furthermore, the Big Apple was also a popular destination for entrepreneurs and innovative businesses, furthering its reputation as a financially-savvy 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. Houstons economy is diverse, from the worlds largest petrochemical manufacturing center to health care and medical research, real estate, finance, and information tech industries. It is also home to Wall Street, the financial capital of the US and the world. The country is entirely landlocked and is surrounded by Rwanda, Tanzania, and the Democratic Republic of Congo. Finally, Oceania has two cities on the list, both located in Australia. The TYO encompasses over 3,700 listed companies and a market value estimated at JPY 600 trillion (or approximately $42 billion USD). Furthermore, 121. 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. Unlike so many other cities bending under the weight of a post-pandemic world, Houstons economy hs gotten stronger. Alongside its growing wealth, San Francisco is also one of the fastest growing cities in the country. The international city of romance boasts an economically wealthy status. 1. And for the sixth year in a row, more billionaires call New York City home than any other city in the world. Travel + Leisure. "Leading cities with the most billionaires in 2022." "The Sy siblings took the biggest hit in dollar terms but remain at No. One dropoff is Rajan Raheja, a member of the citys Raheja real estate clan, who was worth an estimated $2.3 billion last year. 24/7 Wall Street reviewed income levels in 382 metropolitan . 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. Learn how your comment data is processed. The place is mostly known for its stunning Renaissance architecture and is . Once a leader in the manufacturing industry, that industry has been bowing to more modern industries like high tech, financial services and electronics. Japans largest city is home to the Tokyo Stock Exchange, which is one of the largest stock exchanges in Asia by market capitalization. Industries that have found success in the city include food processing, manufacturing, publishing, insurance and tourism. 4, respectively. This video will compare the top 50 richest people in the world by net worth in 2020. 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. 1. Sweeping sunsets, desert landscape, and breathtaking canyonsthese are the things that most everyone think of when someone says Arizona. L.A. is also abuzz with development projects, such as refurbishing businesses like Manns Chinese Theater, as well as infrastructure projects. Being the largest city of the country, Mumbai is extensively . Pasay City: $350 million. Mapped: Which Countries Have the Highest Inflation? In total, these 30 people control. 10. Accessed March 04, 2023. https://www.statista.com/statistics/299494/billionaires-top-cities/, Hurun Research Institute. According to various estimates, the Japanese capital is home to 13.1 to 13.7 million people. 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. The headquarters of several cities are also found in Tokyo, which include Honda, Sony, Hitachi, and Mitsubishi. 2. But what are the fastest growing cities for the rich? The top 10. Adding to the diversity are biotech companies and information technologies. 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. 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. Here are the 10 leading cities for the wealthy for 2019. Get full access to all features within our Business Solutions. 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 large metropolitan area has a history of being the hub of Germanys heavy industry sector. Its also host to the headquarters of around 75 percent of the worlds Fortune 500 companies. 5. Greater Mumbai still is the most populated city in its 440 sq. 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. The international megacity is the country's bustling financial and commercial hub, with its economic wealth tied to its services in finance, healthcare, professional and business services, retail, and education. Its been rapidly replaced by information tech and financial services. Home to about 393,000 millionaires, Seoul's economy is rooted in manufacturing, financial services, and transportation. Beijing is the capital of China and has a population of over 20 million. Seven cities have population more than 3 million. Though still bruised and battered by the effects of the pandemic, New York City is holding true to its reputation as a tough and resourceful city. In fact, Tokyo plays host to the top money-building organizations and minds anywhere on Earth. Basically, the metropolitan areas of Maastricht. - 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. Kuwait (-4) will be the worst loser, followed by The Bahamas (-3) and Iceland (-3). Media mogul turned politician Michael Bloomberg, founder of Bloomberg, is the . 3. Other industries which influence the economy of Boston include the biotech industry, tourism, finance services and several Fortune 500 companies. For over 50 years, Tokyo has occupied the top spot, and shows no sign of slowing down. 13. 27. Beijing also has a sizeable billionaire population of 100 people, compared to any other international city. 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. Makati City: $4.48 billion.