The top 10 richest families in 2022 by estimated wealth are: The Walton family with $224.5 billion The Mars family with $160 billion The Koch family with $128.8 billion The Al Saud family with. New York is the wealthiest city in the worldhome to 345,600 millionaires with a total private wealth that exceeds $3 trillion. 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. 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. Those include, , who heads Indias largest paint company, Asian Paints, and the, , who control adhesives and sealants maker Pidilite Industries. New York City, USA: $1,330.000 Billion. Shipping isnt the only industry which brings revenue into SEZ, its also the sizable industrial parks, high-tech industries and of course, trade. Which Countries Have the Lowest Inflation? 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. Cities in the UAE became millionaire magnets, attracting over 4,000 millionaires in 2022. Pune - Oxford Of The East. We added hundreds of new lists - see our top 101 city lists. Shanghai. But the Nations Valentine has so much more to offer. Los Angeles, Chicago and Houston round out the top five. 9 last year. Km. The collective net worth of the citys billionaires is $424 billion, down $45.7 billion from a year ago. Boasting a financially fruitful economy, the Big Apple is known for its abundantly wealthy population, with a the collective wealth of over $3 trillion USD. Loudoun County is the richest county in the USA, with an estimated average household income of $ 117,876. Fortune 500 companies include Discovery Communications, Fannie Mae, Walmart and CACI International among others. The city employs 36,000 people and is home to some 75, 00 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. Dallas plays host to a variety of industries, and its these industries which are responsible for the economic growth of the Dallas metropolitan area. He worked to revolutionize transportation on earth. Liz loves the process of researching information, learning new things, and putting into words what others who share her interests might like to read. Profit from the additional features of your individual account. New Delhi- GDP $293.6 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. After their divorce, MacKenzie received a 4% stake in Amazon, which was worth about $35 billion at the time. Learn how your comment data is processed. Tokyo's wealth is also tied to the Tokyo Stock Exchange (TYO), regarded as one of the largest stock exchanges in the world. 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. (((61/33)^(1/15))^10)*33 and (((33/21)^(1/15))^10)*21. 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! 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. 29. Alongside its growing wealth, San Francisco is also one of the fastest growing cities in the country. City employment is driven by AT & T, Walgreens, Abbott Labs, the CTA, Walmart and Allstate Insurance, among others. 4. 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. New York. A big economic draw for San Francisco is its close proximity to Silicon Valley. Two of those in Beijing are new billionaires this year: of TAL Education Group, both of whom own companies that provide online education and after-school tutoring for students. Singapores richest resident. [Online]. Which cities and regions have the biggest concentrations of millionaires around the world, each with a net worth greater than $1 million (USD)? 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. But if this inflation is compounded with a strong national currency, you may live in one of the worlds most expensive cities. 2 on the list, but the city recorded a net loss of eight billionaire residents. Hong Kong remains No. 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. Seoul is a gorgeous city and the economic hub of South Korea. The Top 5 Cities in Mexico. Otherwise, the city serves as a global financial centre, due to its large abundance of banks, insurance companies, and financial service centres. Here are the Top 10 Richest Places in America and how they split their Heroes Act bailout allocation: #1. China is crucial to the worlds supply chain, and Shenzhens container port is one of the largest. In fact, the average annualy income in these neighborhoods is typically over 100,000. It is the largest urban economy on the planet. Mumbai gained one billionaire resident since 2019, losing five billionaires but adding six newcomers. Does your team make it in the top fifty richest soccer clubs in 2022? , a member of the citys Raheja real estate clan, who was worth an estimated $2.3 billion last year. When Covid struck, global traveling came to a halt, and for a while Macao even slipped out of the 10 richest nations ranking. Dallas is known to attract innovation, and one look at some of the top companies in Dallas proves it: AT & T, Texas Instruments, Pinnacle Group, Solera and Capital Networks, among others. London, United Kingdom: $978.402 Billion, 2. 4, respectively. 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. While Shenzhens export-led manufacturers have. India is the world's second-most populous country, with several large cities and densely inhabited areas. 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. 1. The county seat of Loudoun is in Leesburg, where most administration activities take place. 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. As such when it comes to the richest cities in the world, New York City comes in at number 2. 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. Finally, Oceania has two cities on the list, both located in Australia. The infographic above uses data from EIU to rank the world most and least expensive cities to live in. 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 Ryan Graves and Pinterest cofounder Ben Silbermann. 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. Among Singapores newcomers are gaming tycoons, , cofounders of the online gaming and e-commerce firm Sea; both industries have. The headquarters of several cities are also found in Tokyo, which include Honda, Sony, Hitachi, and Mitsubishi. This may not be surprising, considering the U.S. is the world's largest wealth marketit holds over 29% of the world's wealth. Rising development costs and foreign competition had already, 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. The Shenzhen Special Economic Zone was created in May of 1980 and is based on Irelands Shannon Free Zone. . Newsletter. 6 and No. 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). Photo: @Kim Kardashian West. How many millionaires, centimillionaires, and billionaires live in the worlds wealthiest cities? Kimberly Noel Kardashian West is an American media personality, socialite, model, businesswoman, producer, and actress. I cover the world's richest people and how they made their billions. 1 with $13.9 billion. He is popularly known for his role as Madea on House of Payne. This large metropolitan area has a history of being the hub of Germanys heavy industry sector. Asia continues to dominate the list of the worlds least expensive cities, followed by parts of North Africa and the Middle East. 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. Visualizing the Global Share of U.S. Stock Markets. Business Solutions including all features. Tokyo is the most fascinating city to live in but also the most densely packed. 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,. 10. On this list, New York City was ranked as the richest city with a total of $3 trillion in private wealth. UAE in Top 20. Toronto is the second largest financial center in North America, Like New York City, Torontos financial hub is populated by diverse industries. 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. At its peak, General Motors enjoyed a 50% market share in the United States. These four cities are, Singapore broke into the top 10, replacing Seoul, which was No. 1.Tokyo, Japan (GDP - $1,520 billion) The richest city in the world in 2022 is Tokyo. Beijing also has a sizeable billionaire population of 100 people, compared to any other international city. Our ranking shows the 50 wealthiest countries, measured by gross domestic product per capita and adjusted by the purchasing in the respective country. Hurun Research Institute. If you are an admin, please authenticate by logging in again. A massive powerhouse in Seoul is Samsung. 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. Moreover, when it comes to its residents, there are about 9,210 multi-millionaires calling London home, as well as 38 billionaires. 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. Los Angeles, USA The city of Los Angeles makes significant efforts to foster economic growth in the local community. 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. 1. Are you interested in testing our business solutions? Once considered a major shipping hub to the world, that distinction has been replaced by the service industries, such as financial services. 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. San Francisco has a rich economic history,,one that includes the wealth generated by the California Gold Rush. 7 and Shanghai and Beijing staying flat at No. 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. Using data from Wealth-X, here's a look at the top 10 cities with the highest UHNW populations: It's worth noting that six of the top 10 UHNW cities are in America. Kim Kardashian- $1 billion. 10. This includes the burgeoning FinTech, or financial technology industries. 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. Hong Kong is once again the city with the second most billionaires in the world. Devoted to encouraging economic development, Chicagos Department of Planning and Development has a number of economic development initiatives. Richest Cities in the World. Beijing also has the dubious distinction of being the knock-off capital of the world. 1. Trip Ideas; Values soared as interest rates on loans went down in a sellers market, which made it tougher to find affordable properties. If that is the case, knowing its cost of living is vital. In fact, such diversity plays well in times of economic hardship, which includes the recent downturn caused by the pandemic. Kuwait (-4) will be the worst loser, followed by The Bahamas (-3) and Iceland (-3). Sy Siblings Still at Top. Sweeping sunsets, desert landscape, and breathtaking canyonsthese are the things that most everyone think of when someone says Arizona. By 900,. The place is mostly known for its stunning Renaissance architecture and is . Cebu City: $660 million. At 35 years old, Mark Zuckerberg is the youngest richest person by more than a decade. 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. The median home value for the lower Tribeca area is around $2.5 million. 1. Moreover, much of London's wealth is concentrated in neighborhoods like Westminster, Kensington, Islington, and Chelsea. Besides being a major educational hub and commercial space, Tokyo's economy relies on industries related to healthcare, communications, transportation, and real estate. Image Source. $516.5. 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. Register in seconds and access exclusive features. 30 in the index, a. Kicking off the list is the charming Italian city of Florence - which is kind of surprising. [3] List [ edit] The city contributes about 30% of goods sold in Russia. 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 Tourism is another major contributor to the economy of Philadelphia. 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. Principal industries which were the engine behind Moscows economy are textile, metallurgy, energy, and chemical. Richest Resident: Colin Zheng Huang, $55.3 Billion Shanghai remained at number six despite adding 18 new billionaires and Colin Zheng Huang is the richest resident of the city. In fact, according to this chart, you can see that manufacturing takes the lead with 16.6 percent followed by retail at 16.6 percent and real estate at 11.4 percent. Foreign corporations such as IBM, Nestle, Hewlett-Packard and more flooded Beijing, causing a rapid economic expansion. Despite suffering a tough downturn due to the pandemic, Shanghai remains one of the worlds richest cities. 7 and Shanghai and Beijing staying flat at No. Leading cities with the most billionaires in 2022 [Graph]. Travel + Leisure. (Video) TOP 10 RICHEST CITIES In The World 2021 (Uncover) Which is the richest city in the world 2022? Top 10 Richest Asian Countries (2020 GDP, Int$ PPP - World Bank) China - $24.27 trillion; . Liz Flynn has worked as a full-time writer since 2010 after leaving a career in education. It is also home to Wall Street, the financial capital of the US and the world. 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. A huge part of this development was the influx of multi-national corporations. Everything from financial services, fashion, digital media, the food/beverage industry and tech found a home in Toronto. Its no surprise to anyone that a good chunk of the Paris economy is the tourist trade. Access to this and all other statistics on 80,000 topics from, Show sources information Accessed March 04, 2023. https://www.statista.com/statistics/299494/billionaires-top-cities/, Hurun Research Institute. The richest city in the world is Tokyo. 2. 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. Major sectors there include: real estate and fund management. This is because they are supposed to get a better idea, Read More When is it OK to Buy a House Site Unseen as an Investor?Continue, You might be thinking of relocating to New Hampshire for work or other reasons. 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 the list of Forbes' Philippines' 50 Richest 2020, the Sy siblings remain at the number one spot of Philippines' Rich List for this year with a net worth of $13.9 Billion despite losing $3.3 Billion due to the pandemic. You need a Statista Account for unlimited access. 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. For instance, the city of New York is a metropolitan area made up of 5 boroughs with each borough contributing to the cities overall GDP. The richest country in the world is Luxembourg. Hong Kong is once again the city with the second most billionaires in the world. Its also host to the headquarters of around 75 percent of the worlds Fortune 500 companies. Monaco - 29.21% Millionaires. With an estimated GDP of $310 billion, Mumbai ranks number one in the list of the richest cities in India. Penthouses in the 30 Park Place complex are currently listed for 10 times as much. Kolkata is the third richest city in South Asia after Mumbai and Delhi. The four cities that made the top 50 in 2019 but did not make . These include three Indian cities, Tashkent in Uzbekistan, Almaty in Kazakhstan, Pakistans most populous city of Karachi, and Sri Lankan capitalColombo. Furthermore, Tokyo owns 10% and close to 16% of Japan's officespace and workers, respectively. However, its also a city steeped in industry. Many cities in India are densely inhabited, trade between them has improved, and transportation systems have been modernized. With the onset of free-market reforms in the 1990s, Beijing saw its economic development soar. New York's richest person and former mayor, Michael Bloomberg, is worth $59 billion. However, this megacity is most famous for its thriving entertainment industry, which pumps billions of dollars into the city's (and country's) economy. Founded in 1630, Boston is one of our countries oldest cities. 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. 2022 Rankings of Highly Urbanized Cities. Chinese energy giants State Grid, China National Petroleum, and Sinopec rounded out the top five. The list of top 50 richest football clubs in the world ranked by Forbes have been revealed. Let me take you through the updated list of the World's richest cities as of 2022. Seven cities have population more than 3 million. Burundi GDP Per Capita: 724 Burundi, located in Central Africa, is the number one poorest country in the world by current figures. Being the largest city of the country, Mumbai is extensively . Barcelona, Spain Rome, Italy Madrid, Spain Singapore, Singapore Amsterdam, Netherlands Prague, Czech Los Angeles, USA Chicago, USA San Francisco, USA Berlin, Germany Hong Kong, China Washington, USA Beijing, China Dublin, Ireland Istanbul, Trkiye Las Vegas, USA Milan, Italy Budapest, Hungary Toronto, Canada Sydney, Australia Seoul, South Korea This video will compare the top 50 richest people in the world by net worth in 2020. 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 metropolitan area of Rhine-Ruhr is divided into 3 regions, and each region contributes to the GDP of the entire Rhine-Ruhr metropolitan area. Beijing is the capital of China and has a population of over 20 million. As a SEZ, businesses in the area receive special treatment in the form of tax benefits, which helps increase the GDP bottom line immensely. London and the rest of the United Kingdom finally left the European Union on January 31st, 2020. India is the second largest country in the world after China. He also praises the seafood, arts scene and welcoming atmosphere, though other critics call Seattle residents overly materialistic. Fortune Global 500 companies housed in Moscow include Gazprom, Rosneft Oil and Sistema among others. Newcomers from other sectors also joined the ranks, including AI pioneer, Hong Kong remains No. In 2022, cities with strong oil and gas industries like Riyadh, Sharjah, Dubai, Luanda, Abu Dhabi, Doha, and Lagos grew exceptionally. 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. South Koreas Wall Street is the Korea Exchange in Yeoui Island. Among the top 50, Aruba will climb five spots. In fact, London is one of the chief financial centers of the world. This year 92 billionaires live in the Big Apple as their primary residence 8 more than a year ago. 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). Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Lower down the list So, which cities are lower ranked than in previous years? In fact, Tokyo plays host to the top money-building organizations and minds anywhere on Earth. Furthermore, 121. The methodology of calculating GDP may differ between the studies and are widely based . You can only download this statistic as a Premium user. Tokyo is also a major center for banking and insurance, and is home to many multinational companies like Honda and Sony. The United Nations uses three definitions for what constitutes a city, as not all cities may be classified using the same criteria. The country is entirely landlocked and is surrounded by Rwanda, Tanzania, and the Democratic Republic of Congo. By examining a cities GDP, we can get a good idea of its industries and how they contribute to the overall economic growth. The richest cities in the world are determined by their gross domestic product, or GDP. Due to heavy investment into research and development, high-tech companies in Shenzen have consistent government support. Newcomers to the billionaire ranks who live in San Francisco include private equity dealmaker. 50 Richest Countries in the World 2020. The largest economy in states, New York Citys prosperity is rooted in Wall Street. The ideal entry-level account for individual users. A home stands in Atherton, California, U.S., on Tuesday, Feb. 18, 2020. 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. From Singapore To New York City, more than 26% of the worlds 2,095 billionaires live in just 10 cities on three continents. 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. Other industries driving their economy are tech, tourism, and the service industries such as hospitality. Mapped: Which Countries Have the Highest Inflation? She finds almost all topics she writes about interesting, but her favorite subjects are travel and food. 13. Cairo Cairo Pyramids Hotel - Cairo, Egypt (photo: Marriott) ADVERTISEMENT Located along the Nile River, Cairo is one of the.
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