Top 10 Richest Asian Countries (2020 GDP, Int$ PPP - World Bank) China - $24.27 trillion; . [3] List [ edit] If you are an admin, please authenticate by logging in again. [1] The list is limited to the top 50 companies, all of which except Elevance Health have annual revenues exceeding US$140 billion. 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. Other industries driving their economy are tech, tourism, and the service industries such as hospitality. Surat - City Of Sun. These figures were taken after the market close on September 18, 2020. 13. These four cities are home to 228 billionaires. You can only download this statistic as a Premium user. 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. Mumbai - City Of Dreams. Frankfurt in Germany is the second richest city after Dublin with an income of $102,941 per capita. India is the second largest country in the world after China. 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. Washington, District of Columbia: $578.985 Billion, 4. Well-known corporations that reside in SEZ are Tencent, Huawei and DJI. 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. Basically, the metropolitan areas of Maastricht. Liz Flynn has worked as a full-time writer since 2010 after leaving a career in education. Singapores richest resident. Are you interested in testing our business solutions? Chart. He is worth $1 billion, becoming the richest actor in the world. 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,. Monaco - 29.21% Millionaires. "Leading Cities with The Most Billionaires in 2022. It has a diverse stable economy ranging from Gas Extraction and Manufacturing, Companies and Enterprise, and Retail Trade. 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. Unlike so many other cities bending under the weight of a post-pandemic world, Houstons economy hs gotten stronger. Los Angeles, USA The city of Los Angeles makes significant efforts to foster economic growth in the local community. Another crucial element is the neighborhood of Zhongguancun. He also praises the seafood, arts scene and welcoming atmosphere, though other critics call Seattle residents overly materialistic. 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. 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. The wealthy city-state has 31 billionaire residents, up from 22 last year, and replaces Seoul in the top 10. This included plans of action to assist with rent, taxes, business subsidies and more. Four cities made the list for the first time: Blackhawk, California; New Albany, Ohio; Long Grove, Illinois; and Darnestown, Maryland. 1. Tokyo may not be as wealthy as New York, but this megacity remains one of the richest cities in Asia. The four cities that made the top 50 in 2019 but did not make . , 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. Europe comes in third with five cities, though only London makes into the top 10 portion of the ranking. 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. 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. Other companies crucial to Seouls economic health include: Kia, Daewoo and Hyundai. The top ten richest cities in the world based on private wealth include: Rounding out the top three cities is Tokyo, with $2.5 trillion in private wealth. Lets take a closer look at some of the top-ranking cities making the list. Chinese energy giants State Grid, China National Petroleum, and Sinopec rounded out the top five. Kuwait (-4) will be the worst loser, followed by The Bahamas (-3) and Iceland (-3). Home to thousands of millionaires, wealthy Parisian neighborhoods include the 7th Arrondissement, the Boulogne-Billancourt, Saint-Cloud, and Neuilly-sur-Seine. Tripoli and Tehran, the capitals of Libya and Iran, respectively, follow next on this list, reflecting their weakened economies. The largest economy in states, New York Citys prosperity is rooted in Wall Street. 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? 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. To this day, Macao is the only country on the list whose per-capita purchasing power is lower than it was before the start of the pandemicabout $125,000 in 2019, down by $40,000 today. 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. In some U.S. cities, however, more than half of all households earn $70,000-plus. The USA is the only country with a large surface area and population among the highest-ranking nations, ranking eleventh. Moscow. 29. Due to heavy investment into research and development, high-tech companies in Shenzen have consistent government support. The United Nations uses three definitions for what constitutes a city, as not all cities may be classified using the same criteria. , a member of the citys Raheja real estate clan, who was worth an estimated $2.3 billion last year. , who is also the richest person in the nation. 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. Beijing's richest billionaire is the founder of TikTok (among other things), Zhang Yiming with a net worth of $35.6 billion. In 2019, San Francisco's tourism industry resulted in 86,111 jobs. Washington, D.C.. The Private Industry Council works to promote the local economy via job training programs. MacKenzie Scott is an American novelist and philanthropist. 1. "The Sy siblings took the biggest hit in dollar terms but remain at No. Loudoun County is the richest county in the USA, with an estimated average household income of $ 117,876. Ahmedabad - Textile Hub Of India. 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. 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. These cities have a combined GDP of $2.4st trillion, equating to more than double that of second-place San Francisco. Moreover, much of London's wealth is concentrated in neighborhoods like Westminster, Kensington, Islington, and Chelsea. For the first time, revenues from Global 500 companies in Greater China (including Taiwan). 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. The Shenzhen Special Economic Zone or SEZ is an important business and financial services center in China. 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. Chicago, which serves as the home base for 35 Fortune 500 companies, is home to 160,100 millionaires, 340 centimillionaires and 28 . The third-wealthiest country in Asia is Japan, with just over $5.3 trillion. India is the world's second-most populous country, with several large cities and densely inhabited areas. The current state of the Moscow economy isnt as bright as it was earlier in the year due to sanctions. 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. Home to 12 Fortune 500 companies, the city of Philly is Pennsylvanias financial hub. Its no surprise to anyone that a good chunk of the Paris economy is the tourist trade. $516.5. City employment is driven by AT & T, Walgreens, Abbott Labs, the CTA, Walmart and Allstate Insurance, among others. 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. Statista. But what are the fastest growing cities for the rich? Let's consider New York City. The country is entirely landlocked and is surrounded by Rwanda, Tanzania, and the Democratic Republic of Congo. Standing as one of Russia's largest industrial and financial centre, much of the country's wealth is still tied to this capital city. Profit from the additional features of your individual account. Till 2030, Tokyo city will project to be the top-most populated city on earth. 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. 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. It is also home to Wall Street, the financial capital of the US and the world. 11. Though famous for prominent technology companies and hundreds of start-ups across the Silicon Valley, San Francisco's wealth is tied to industries in manufacturing and tourism. Out of the 2,095 members of the 2020 Forbes Worlds Billionaires list, 552 live in just ten cities. This large metropolitan area has a history of being the hub of Germanys heavy industry sector. The TYO encompasses over 3,700 listed companies and a market value estimated at JPY 600 trillion (or approximately $42 billion USD). The Top 5 Cities in Mexico in 2020. Other notable NYC billionaire residents include hip-hop superstar, , the widow of former Koch Industries magnate. 3. San Francisco also relishes in its reputation as the sixth largest economy in the US. This city's success is due to its industrial and manufacturing activity, made up of a technology-savvy and highly skilled work force. Besides thriving on industries related to finance, tourism, and media, London's wealth is also linked to the London Stock Exchange (LSE). Home to both invention and innovation, animes, mangas and of course, robots, Tokyo is known as the financial center of the world. After all, Paris is one of the hotbeds of world tourism, its the city of love and art. Where are the German and Chinese Cities? As a Premium user you get access to background information and details about the release of this statistic. According to the Hurun Global Rich List 2022, the leading city with the most billionaires in 2022 was Beijing. Both these cities had high inflation and a strong currency. These are of very low quality and should be avoided. Despite suffering a tough downturn due to the pandemic, Shanghai remains one of the worlds richest cities. 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). Currently, you are using a shared account. Five are new billionaires from the finance industry, including private equity wizards, . Aside from establishing the NYSE in the early 19th century (formerly known as the New York Stock and Exchange Board), the city was set in a convenient location for trading, due its proximity to the Hudson River and the Great Lakes. 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. The Richest Cities are shown below, based on GDP (Gross Domestic Product) data from 2011. Image Source. 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. Houstons economy is diverse, from the worlds largest petrochemical manufacturing center to health care and medical research, real estate, finance, and information tech industries. Adding to the diversity are biotech companies and information technologies. China retains its title as the country with the most cities in the top 10, with Shenzhen moving up one spot to No. Those include Abhay Vakil, who heads Indias largest paint company, Asian Paints, and the Parekh brothers, who control adhesives and sealants maker Pidilite Industries. In, Hurun Research Institute. Seven cities have population more than 3 million. But if this inflation is compounded with a strong national currency, you may live in one of the worlds most expensive cities. 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 richest country in the world is Luxembourg. But the Nations Valentine has so much more to offer. The top 10. Its been rapidly replaced by information tech and financial services. New York's richest resident, 476 Washington Avenue, former mayor Michael Bloomberg, has a net worth of $45 billion, making him one . After their divorce, MacKenzie received a 4% stake in Amazon, which was worth about $35 billion at the time. With the onset of free-market reforms in the 1990s, Beijing saw its economic development soar. As of 2020, there is an estimated $3 trillion worth of assets and capital in the city. 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.). New York. Atherton, CA (income: $525,324/ bailout: $3.8 million) - With a median home price of. Paris is also home to several Fortune Global 500 companies such as, BNP Paribas, Peugeot, CNP Assurances, SNCF, Vivendi and more. Follow Us. At 89 years old, Warren Buffett is the oldest richest person by 5 years. However, Shanghai is one of Asia's most expensive cities to live in, due to its high cost of living, from real estate to daily transportation. Km. Travel + Leisure. Industries that have found success in the city include food processing, manufacturing, publishing, insurance and tourism. 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. Other profitable sectors include information technology, medical technology, retail, financial and legal sectors. City of Clayton -$146,225. There are 4,000 cities and towns in India. L.A. is also abuzz with development projects, such as refurbishing businesses like Manns Chinese Theater, as well as infrastructure projects. The county seat of Loudoun is in Leesburg, where most administration activities take place. Access to this and all other statistics on 80,000 topics from, Show sources information Pasay City: $350 million. 3. In pre-Covid times, Chicago clocked round 55 million tourists in 2017. Use Ask Statista Research Service. A home stands in Atherton, California, U.S., on Tuesday, Feb. 18, 2020. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Shanghai. 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. Palo Alto - $147,537 New York City, USA: $1,330.000 Billion. 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 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. Finally, Oceania has two cities on the list, both located in Australia. As a major commercial hub for England, a number of established companies are found in London, such as Unilever, Barclays, BP, and Shell. 2. According to various estimates, the Japanese capital is home to 13.1 to 13.7 million people. Paris, which has topped the ECA list in the past, dropped out of the top 30. statistic alerts) please log in with your personal account. The typical American household earns $57,617 per year. March 17, 2022. 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. Among the top 50 economies having the highest gdp per capita, Macao SAR . 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. These four cities are, Singapore broke into the top 10, replacing Seoul, which was No. The ideal entry-level account for individual users. Five are new billionaires from the finance industry, including private equity wizards Tony Tamer and Steven Klinsky. 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. According to the United Nations' latest report on populations in cities, by 2030, "urban areas are projected to house 60 percent of people globally and one in every three people will live in . And for the sixth year in a row, more billionaires call New York City home than any other city in the world. New York's richest person and former mayor, Michael Bloomberg, is worth $59 billion. Register in seconds and access exclusive features. If youre looking, Read More The 20 Cheapest Places to Buy Land in the U.S. 2022Continue. GM was the best-performing automobile company in the 20th century but has still maintained a top position among the wealthiest car manufacturers. Greater Mumbai still is the most populated city in its 440 sq. the country's economy as a whole is one of the fastest growing in the world. Among the top 10 richest economies, Ireland has the fastest-growing economy with 13.04%. Everything from financial services, fashion, digital media, the food/beverage industry and tech found a home in Toronto. Visualizing the Global Share of U.S. Stock Markets. We added hundreds of new lists - see our top 101 city lists. In 2022, cities with strong oil and gas industries like Riyadh, Sharjah, Dubai, Luanda, Abu Dhabi, Doha, and Lagos grew exceptionally. For over 50 years, Tokyo has occupied the top spot, and shows no sign of slowing down. Wealthiest cities (amount in billions . Its wealthiest resident, Ma Huateng, chairman and CEO of Internet media behemoth Tencent Holdings, is the second-richest person in China, after Alibaba cofounder Jack Ma. 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 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. This infographic uses information from the Henley Global Citizens Report, in partnership with New World Wealth, to rank the worlds wealthiest cities. 4, respectively. 10. 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. San Francisco also has the highest median household income in the country. American retail corporation Walmart has been the world's largest company by revenue since 2014. 12. 2. Kicking off the list is the charming Italian city of Florence - which is kind of surprising. However, today it has moved on to other, more profitable economic interests such as finances, high tech and insurance, to name a few. Interactive map Source: Forbes Music: Beethoven 5th Symphony Meanwhile, seven cities in Asia with the common denominator of high-income inequality and low wages dominate the list of the worlds cheapest cities. Currently, 43 Fortune 500 companies that call New York City home include: Verizon, JP Morgan, Pfizer, Citigroup, MetLife, Goldman Sachs, Morgan Stanley, and more. Pune - Oxford Of The East. Today, with 272,400 millionaires, the city holds a more humble position. 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. Los Angeles is a city that takes great strides to encourage economic growth. 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 Rhine-Ruhr metropolitan area is the economic power house of Germany. In fact, such diversity plays well in times of economic hardship, which includes the recent downturn caused by the pandemic. Newsletter. With the onset of free-market reforms in the 1990s, Beijing saw its economic development soar. Sweeping sunsets, desert landscape, and breathtaking canyonsthese are the things that most everyone think of when someone says Arizona. 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. 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. On this list, New York City was ranked as the richest city with a total of $3 trillion in private wealth. 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. Its known as the mecca of tech innovation, and as a result, the region has a high concentration of wealthy individuals. Newcomers from other sectors also joined the ranks, including AI pioneer Daniel Dines and Brooklyn native Jay-Z. 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. As such, you can see how anything affecting these shipping ports will have a negative impact on world wide supply chain logistics. Once a top contender in manufacturing, today manufacturing revenue covers only around 10 percent of the economy. 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.