Fortune 500 companies include Comcast, Colonial Penn, Sunoco, Aramark, CIGNA, Lincoln Financial Group, and more. Today, Boston is a center of learning with many stellar educational institutions like MIT and Harvard, which contribute greatly to Bostons economy. These industries include manufacturing, energy, information tech, finances, telecommunications, education, and telecommunications. As a Premium user you get access to the detailed source references and background information about this statistic. Leading billionaire cities 2022 | Statista Top 10 Richest Cities in the World In terms of GDP rankings - 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. 10. 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). Richest Cities in the World. 24/7 Wall Street reviewed income levels in 382 metropolitan . Consumption of Fuel and Materials per Capita, Visualizing Chinas Dominance in Battery Manufacturing (2022-2027P), Mapped: The Population of Indias States Compared with Countries. In fact, Delhi's population can beat Tokyo by 2028. The city-state of Singapore is the wealthiest country in Asia, with a per-capita GDP of . Top 50 Richest Places In America Allocated $350 Million "Coronavirus In, Hurun Research Institute. UAE in Top 20. 6 and No. 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. 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, . Kolkata is the third richest city in South Asia after Mumbai and Delhi. Tokyo is the economic hub of Japan and is one of the most important cities in the world for business and finance. This infographic uses information from the Henley Global Citizens Report, in partnership with New World Wealth, to rank the worlds wealthiest cities. Palo Alto - $147,537 Dubai Advantage | 50 Richest Countries in the World 2020 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. In pre-Covid times, Chicago clocked round 55 million tourists in 2017. In fact, such diversity plays well in times of economic hardship, which includes the recent downturn caused by the pandemic. The top ten richest cities in the world based on private wealth include: Despite being significantly smaller than Los Angeles, San Francisco houses more millionaires than its southern California counterpart. This international city has over 192,000 resident millionaires with 34 billionaires. Visualizing the Global Share of U.S. Stock Markets. Though affordability sounds good at face value, sitting at the bottom of the ranking isnt necessarily a coveted position. L.A. makes good use of both job training programs and development projects. Alongside its growing wealth, San Francisco is also one of the fastest growing cities in the country. Being one of Asia's most wealthy countries, South Korea is home to the capital Seoul, which witnessed an 11% increase in its millionaire population between 2019 and 2020, despite facing a global pandemic. 2 on the list, but the city recorded a net loss of eight billionaire residents. 4, respectively. Singapore broke into the top 10, replacing Seoul, which was No. San Ramon ranks among the top ten safest cities in California. The Top 5 Cities in Mexico. Refer to sources for more information. China is crucial to the worlds supply chain, and Shenzhens container port is one of the largest. 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. Km. This city's success is due to its industrial and manufacturing activity, made up of a technology-savvy and highly skilled work force. The Top 15 Cities in Asia in 2020. Additionally, the citys real estate market is known for being expensive, with sky-high property values and rents. 1. Founded in 1630, Boston is one of our countries oldest cities. 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. A massive powerhouse in Seoul is Samsung. the country's economy as a whole is one of the fastest growing in the world. 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). By examining a cities GDP, we can get a good idea of its industries and how they contribute to the overall economic growth. Here are the Top 10 Richest Places in America and how they split their Heroes Act bailout allocation: #1. 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. Compared to many other states, Kentucky has low, Read More The 20 Safest Places to Live in KentuckyContinue, The price of land jumped dramatically from 2020 to the present. There are 4,000 cities and towns in India. Rounding out the top three cities is Tokyo, with $2.5 trillion in private wealth. Besides being a major educational hub and commercial space, Tokyo's economy relies on industries related to healthcare, communications, transportation, and real estate. She was the wife of Jeff Bezos, founder of Amazon. Other notable NYC billionaire residents include hip-hop superstar, , the widow of former Koch Industries magnate. Devoted to encouraging economic development, Chicagos Department of Planning and Development has a number of economic development initiatives. Here are the 10 cities in the world with the most billionaires: New York City notched the top spot for the sixth year running, growing its count of billionaire city dwellers by eight compared to 2019. Luxury services also play a significant factor in Paris' economy, acting as a hub for famous brands like Mot, Cartier, and Louis Vuitton. 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. Macao SAR will climb from 17th in 2020 to 9th in 2021. 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. 2. The 150 richest cities in the world by GDP in 2020 11 March 2007: The tables provide GDP figures for cities and their surrounding urban areas in 2020. 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. Delhi city is the second most populated city in the world with a 30,291,000 million population. Cities in the UAE became millionaire magnets, attracting over 4,000 millionaires in 2022. Dubai in top 10. Leading cities with the most billionaires in 2022 [Graph]. Visakhapatnam - Industrial Port Of India. Surat - City Of Sun. Gautam Shantilal Adani. 1.Tokyo, Japan (GDP - $1,520 billion) The richest city in the world in 2022 is Tokyo. 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. Top 50 Richest People in the World - Moneymint 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. We added hundreds of new lists - see our top 101 city lists. Does your team make it in the top fifty richest soccer clubs in 2022? In other words, the city produces poor copies of everything from designer fashions to scooters. Get full access to all features within our Business Solutions. 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. 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. The TYO encompasses over 3,700 listed companies and a market value estimated at JPY 600 trillion (or approximately $42 billion USD). 10. GM was the best-performing automobile company in the 20th century but has still maintained a top position among the wealthiest car manufacturers. 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. I cover the world's richest people and how they made their billions. The city of rich historical, cultural, political and social significance, New Delhi, ranks second on this list with a GDP of $293.6 billion. Top 50 Richest People in the World (2020) | Top Richest 29. Home to 12 Fortune 500 companies, the city of Philly is Pennsylvanias financial hub. Meanwhile, Barcelona dropped to No. The city employs 36,000 people and is home to some 75, 00 people. New York City, USA: $1,330.000 Billion. Learn how your comment data is processed. Furthermore, the Big Apple was also a popular destination for entrepreneurs and innovative businesses, furthering its reputation as a financially-savvy city. Well-known corporations that reside in SEZ are Tencent, Huawei and DJI. Its been rapidly replaced by information tech and financial services. 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. 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 Dmitry and Igor Bukhman, founders of online gaming firm Playrix; and Camilla de Godoy Bueno Grossi, who inherited part of the fortune of her late father, Brazilian healthcare tycoon Edson de Godoy Bueno. Cities with highest number of ultra wealthy individuals in the world 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. Penthouses in the 30 Park Place complex are currently listed for 10 times as much. Its wealthiest resident, , chairman and CEO of Internet media behemoth Tencent Holdings, is the, . Values soared as interest rates on loans went down in a sellers market, which made it tougher to find affordable properties. After their divorce, MacKenzie received a 4% stake in Amazon, which was worth about $35 billion at the time. Washington, D.C.. 30 in the index, a. 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. Accessed March 04, 2023. https://www.statista.com/statistics/299494/billionaires-top-cities/, Hurun Research Institute. South Koreas Wall Street is the Korea Exchange in Yeoui Island. Industries that contribute to New York Citys economy are health care, tourism, real estate, tech, publishing, fashion, media and insurance, among others. List of cities by GDP - Wikipedia In 2022, cities with strong oil and gas industries like Riyadh, Sharjah, Dubai, Luanda, Abu Dhabi, Doha, and Lagos grew exceptionally. . According to the Hurun Global Rich List 2022, the leading city with the most billionaires in 2022 was Beijing. The 20 Richest ZIP Codes in the USA - MoneyWise This statistic is not included in your account. The typical American household earns $57,617 per year. Seven cities have population more than 3 million. As of 2020, there is an estimated $3 trillion worth of assets and capital in the city. New York City (NYC), which lost the number one slot to Beijing in 2021, has added eight new billionaires with a total net worth of $640.4 Billion. [Online]. Lastly, London is home to several of the most well-known Fortune Global 500 firms, including the Lloyds Banking Group, Prudential, J. Sainsbury, BP, Tesco, and Vodafone Group, amongst others. Four cities made the list for the first time: Blackhawk, California; New Albany, Ohio; Long Grove, Illinois; and Darnestown, Maryland. 9 last year. The Richest Cities are shown below, based on GDP (Gross Domestic Product) data from 2011. More than 80% of Russias billionaires call its capital home, including mining mogul Vladimir Potanin, who is also the richest person in the nation. One dropoff is. But if this inflation is compounded with a strong national currency, you may live in one of the worlds most expensive cities. Singapores richest resident. American retail corporation Walmart has been the world's largest company by revenue since 2014. It had about 2,000 inhabitants at the time. Singapore and New York City tied for the first rank amongst the worlds most expensive cities in 2022, pushing Israels Tel Aviv from the first place in 2021 to the third place in 2022. The county seat of Loudoun is in Leesburg, where most administration activities take place. 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 5 Cities in Mexico in 2020. , 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. 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. In fact, according to this chart, you can see that manufacturing takes the lead with 16.6 percent followed by retail at 16.6 percent and real estate at 11.4 percent. Newcomers from other sectors also joined the ranks, including AI pioneer Daniel Dines and Brooklyn native Jay-Z. Boasting a population of over 300,000 resident millionaires, Tokyo is also home to a dozen billionaires. London, United Kingdom: $978.402 Billion, 2. This international city is also attractive to domestic and foreign investors alike. New York City is also considered the country's leader in finance due to its storied past. Where Are the Richest Cities in the World? - Upscale Living Mag Bloomberg: richest places in America - CNBC Rankings Data - Cities and Municipalities Competitive Index - CMCI Even though the city was riddled with the effects of the pandemic, Job growth occurred with another 5,700 jobs added. The country is entirely landlocked and is surrounded by Rwanda, Tanzania, and the Democratic Republic of Congo. 2. In fact, London is one of the chief financial centers of the world. Before the Ukraine invasion, Moscow was the economic hub of Russia. Moscow. The top 10 richest cities in the Philippines. Here are the 10 leading cities for the wealthy for 2019. If that is the case, knowing its cost of living is vital. Here are the top 10 cities in Africa where the most rich people live City of Clayton -$146,225. However, this megacity is most famous for its thriving entertainment industry, which pumps billions of dollars into the city's (and country's) economy. To use individual functions (e.g., mark statistics as favourites, set The wealthy city-state has 31 billionaire residents, up from 22 last year, and replaces Seoul in the top 10. Liz loves the process of researching information, learning new things, and putting into words what others who share her interests might like to read. 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. Moreover, much of London's wealth is concentrated in neighborhoods like Westminster, Kensington, Islington, and Chelsea. 2 on the list, but the city recorded a net loss of eight billionaire residents. Washington, District of Columbia: $578.985 Billion, 4. The headquarters of several cities are also found in Tokyo, which include Honda, Sony, Hitachi, and Mitsubishi. On this list, New York City was ranked as the richest city with a total of $3 trillion in private wealth. Their net worth is based on the data from 2022 available on their respective Forbes profiles. statistic alerts) please log in with your personal account. 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. 10. 25 Best Cities in the World to Visit: World's Best 2021 - Travel + Leisure In terms of asset management, FinTech, and ESG investment, Tokyos continued growth as the worlds most foremost economies appears secured. 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. Top 10 Richest Cities in the World - Luxatic Most of the cities in our list have a similar history in terms of long-standing economical power (Tokyo, Paris, London), while others seem to have gained most of their wealth in the past 2 to 3 decades (San Francisco.). By 900,. 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Pune - Oxford Of The East. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service.