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The top 10 richest cities in the Philippines. 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. MacKenzie Scott is an American novelist and philanthropist. A home stands in Atherton, California, U.S., on Tuesday, Feb. 18, 2020. 7 and Shanghai and Beijing staying flat at No. statistic alerts) please log in with your personal account. Beijing is the capital of China and has a population of over 20 million. 1. For instance, Osaka is home to major electronics corporations like Sharp and Panasonic as well as pharmaceutical companies, food, retail and trading companies. ed 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. Profit from the additional features of your individual account. Fortune Global 500 companies in Tokyo include: Honda Motors, Hitachi, Sony, Mitsubishi and more. 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. In fact, such diversity plays well in times of economic hardship, which includes the recent downturn caused by the pandemic. Hong Kong remains No. Singapore broke into the top 10, replacing Seoul, which was No. 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. Kim Kardashian- $1 billion. This infographic uses information from the Henley Global Citizens Report, in partnership with New World Wealth, to rank the worlds wealthiest cities. Otherwise, Los Angeles enjoys wealth from other industries related to biosciences, trade, information, transportation, and aerospace. This California city is home to prominent billionaires like Mark Zuckerberg, Laurene Powell Jobs, Brian Chesky, and Jack Dorsey, with many of these billionaires possessing assets worth over $8 billion USD. Meanwhile, Barcelona dropped to No. Kolkata- GDP $150.1 Billion. Even though the city was riddled with the effects of the pandemic, Job growth occurred with another 5,700 jobs added. Boston-Cambridge-Newton, Massachusetts. Being a prominent city in Asia, Shanghai is home to over 24 million people, there are about6,180 multi-millionaires and 42 billionaires living in Shanghai. Among Singapores newcomers are gaming tycoons, , cofounders of the online gaming and e-commerce firm Sea; both industries have. Moreover, much of London's wealth is concentrated in neighborhoods like Westminster, Kensington, Islington, and Chelsea. Visualizing the Global Share of U.S. Stock Markets. A good part of their revenue comes from their port, which is the largest container port in the world. 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. The TYO encompasses over 3,700 listed companies and a market value estimated at JPY 600 trillion (or approximately $42 billion USD). New York City notched the top spot for the sixth year running, growing its count of billionaire city dwellers by eight compared to 2019. 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. Follow Us. China is crucial to the worlds supply chain, and Shenzhens container port is one of the largest. 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. The Private Industry Council works to promote the local economy via job training programs. 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. , a member of the citys Raheja real estate clan, who was worth an estimated $2.3 billion last year. With about 2,320 multi-millionaires calling Paris home, the backbone of this European city relies on hospitality, commerce, transportation, and other services. Principal industries which were the engine behind Moscows economy are textile, metallurgy, energy, and chemical. London: 63 Billionaires Since Last Year: +7 Total Net Worth: $316.1 Billion Richest Resident: Len Blavatnik, $32 Billion These figures were taken after the market close on September 18, 2020. . City of Clayton -$146,225. These four cities are, Singapore broke into the top 10, replacing Seoul, which was No. Values soared as interest rates on loans went down in a sellers market, which made it tougher to find affordable properties. The Shenzhen Special Economic Zone or SEZ is an important business and financial services center in China. Newcomers from other sectors also joined the ranks, including AI pioneer Daniel Dines and Brooklyn native Jay-Z. L.A. makes good use of both job training programs and development projects. Paris, which has topped the ECA list in the past, dropped out of the top 30. Pasig City: $710 million. In fact, London is one of the chief financial centers of the world. 9 last year. In particular, the United States claims five of the cities in the top 10, including the very top spot with New York City. 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. 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. 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). While such metrics are not all encompassing, these measurements of private wealth do help put the financial health and economic activity of some of the worlds wealthiest cities in perspective. Currently, 43 Fortune 500 companies that call New York City home include: Verizon, JP Morgan, Pfizer, Citigroup, MetLife, Goldman Sachs, Morgan Stanley, and more. These cities have a combined GDP of $2.4st trillion, equating to more than double that of second-place San Francisco. Where are the German and Chinese Cities? This list is incomplete, as not all companies disclose their information to the general public. India is the world's second-most populous country, with several large cities and densely inhabited areas. One dropoff is Rajan Raheja, a member of the citys Raheja real estate clan, who was worth an estimated $2.3 billion last year. Use Ask Statista Research Service. Shipping isnt the only industry which brings revenue into SEZ, its also the sizable industrial parks, high-tech industries and of course, trade. The cities shown in our visualization are already well-established locations for high-net-worth individuals. 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. 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. Europe comes in third with five cities, though only London makes into the top 10 portion of the ranking. Richest Cities in the World. Much like Shanghai, Beijing enjoys a reputation as one of the Asia's (and the world's) wealthiest cities. The United Nations uses three definitions for what constitutes a city, as not all cities may be classified using the same criteria. Asia continues to dominate the list of the worlds least expensive cities, followed by parts of North Africa and the Middle East. Five are new billionaires from the finance industry, including private equity wizards, . Rankings of Cities and Municipalities are based on the sum of their scores on 4 Pillars: Economic Dynamism, Government Efficiency, Infrastructure, Resiliency, and Innovation.Provincial rankings are based on population and income weighted average of the Overall scores of cities and municipalities under a province. Other profitable sectors include information technology, medical technology, retail, financial and legal sectors. Despite its picture of wealth, only a small percentage of Seoul's population claim to be wealthy. (March 17, 2022). The Top 15 Cities in Asia in 2020. Before the Ukraine invasion, Moscow was the economic hub of Russia. 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. Once a top contender in manufacturing, today manufacturing revenue covers only around 10 percent of the economy. Beyonc, Jay Z and Taylor Swift are just a few of the celebrities who own property in Tribeca. 3. As of 2020, there is an estimated $3 trillion worth of assets and capital in the city. However, invading a sovereign nation had its consequences, and Russias entire economy is in a state of disrepair. As such when it comes to the richest cities in the world, New York City comes in at number 2. It takes decades of consistency for these factors turn a place around in terms of success and richness; a city can not accumulate wealth overnight, and if it does, this wealth will most likely not stick around for long. The 373-page COA report covered all 81 provinces, 145 out of 146 cities, and 1,447 out of 1,488 municipalities that submitted their 2020 financial statements. China retains its title as the country with the most cities in the top 10, with Shenzhen moving up one spot to No. The company currently focuses on its four core brands: Cadillac, Chevrolet, GMC and Buick. Fortune 500 companies include Discovery Communications, Fannie Mae, Walmart and CACI International among others. Let me take you through the updated list of the World's richest cities as of 2022. New York's richest resident, 476 Washington Avenue, former mayor Michael Bloomberg, has a net worth of $45 billion, making him one . The cannabis business is rather recent, but also encourages financial growth for the city. However, today it has moved on to other, more profitable economic interests such as finances, high tech and insurance, to name a few. Many cities in India are densely inhabited, trade between them has improved, and transportation systems have been modernized. 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. This statistic is not included in your account. Florence, Italy - 2.59% Millionaires. Taguig City: $480 million. 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. London and the rest of the United Kingdom finally left the European Union on January 31st, 2020. Those include Abhay Vakil, who heads Indias largest paint company, Asian Paints, and the Parekh brothers, who control adhesives and sealants maker Pidilite Industries. 4, respectively. Historically speaking, Osaka has always been thought of as a major economic center of Japan. New York is the wealthiest city in the worldhome to 345,600 millionaires with a total private wealth that exceeds $3 trillion. Ranked: Americas Best Places to Work in 2023, Mapped: GDP Growth Forecasts by Country, in 2023, Charted: Teslas Unrivaled Profit Margins, Ranked: The Top Online Music Services in the U.S. by Monthly Users. Delhi City. By examining a cities GDP, we can get a good idea of its industries and how they contribute to the overall economic growth. Though famous for prominent technology companies and hundreds of start-ups across the Silicon Valley, San Francisco's wealth is tied to industries in manufacturing and tourism. Image Source. According to various estimates, the Japanese capital is home to 13.1 to 13.7 million people. Standing as Russia's capital for centuries, the country's national wealth has been building in Moscow since the 1990s after the fall of the Soviet Union. 2. In order to recoup losses, in June of 2022, the city of Shanghai released a post-lockdown business recovery plan. Sweeping sunsets, desert landscape, and breathtaking canyonsthese are the things that most everyone think of when someone says Arizona. If youre looking, Read More The 20 Cheapest Places to Buy Land in the U.S. 2022Continue. Houstons economy is diverse, from the worlds largest petrochemical manufacturing center to health care and medical research, real estate, finance, and information tech industries. China retains its title as the country with the most cities in the top 10, with Shenzhen moving up one spot to No. Major sectors there include: real estate and fund management. In addition, Singapores political stability, low crime rate, and high standard of living have also contributed to its appeal as a place to live and work. Top 10 Richest Asian Countries (2020 GDP, Int$ PPP - World Bank) China - $24.27 trillion; . For over 50 years, Tokyo has occupied the top spot, and shows no sign of slowing down. As a Premium user you get access to background information and details about the release of this statistic. In other words, the city produces poor copies of everything from designer fashions to scooters. 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. 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. Trip Ideas; Fortune 500 companies include Comcast, Colonial Penn, Sunoco, Aramark, CIGNA, Lincoln Financial Group, and more. Km. Additionally, the citys real estate market is known for being expensive, with sky-high property values and rents. This international city is also attractive to domestic and foreign investors alike. Its been rapidly replaced by information tech and financial services. The Chinese capitals tally of ten-figure-fortunes rose by six since last year to reach 67 billionaires. The county seat of Loudoun is in Leesburg, where most administration activities take place. 2022 Rankings of Highly Urbanized Cities. It is the largest urban economy on the planet. In total, these 30 people control. Despite being significantly smaller than Los Angeles, San Francisco houses more millionaires than its southern California counterpart. Mapped: Europes Biggest Sources of Electricity by Country, Visualizing the Scale of Global Fossil Fuel Production, Visualizing U.S. "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. 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,. 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. But the Nations Valentine has so much more to offer. The list of top 50 richest football clubs in the world ranked by Forbes have been revealed. Accessed March 04, 2023. https://www.statista.com/statistics/299494/billionaires-top-cities/, Hurun Research Institute. Moreover, when it comes to its residents, there are about 9,210 multi-millionaires calling London home, as well as 38 billionaires. According to the Hurun Global Rich List 2022, the leading city with the most billionaires in 2022 was Beijing. 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 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. When Covid struck, global traveling came to a halt, and for a while Macao even slipped out of the 10 richest nations ranking. Those include, , who heads Indias largest paint company, Asian Paints, and the, , who control adhesives and sealants maker Pidilite Industries. 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. Industries that contribute to New York Citys economy are health care, tourism, real estate, tech, publishing, fashion, media and insurance, among others. Beijing, China: $591.374 Billion Beijing is the capital of China and has a population of over 20 million. Once considered a major shipping hub to the world, that distinction has been replaced by the service industries, such as financial services. London and the rest of the United Kingdom finally left the European Union on January 31st, 2020. Dubai ranks at #6 on the PlanetWare guide, ahead of Singapore, Rome, Istanbul, and Tokyo. The collective net worth of the citys billionaires is $424 billion, down $45.7 billion from a year ago. Access to this and all other statistics on 80,000 topics from, Show sources information Media mogul turned politician Michael Bloomberg, founder of Bloomberg, is the . Please create an employee account to be able to mark statistics as favorites. 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. Out of the 2,095 members of the 2020 Forbes Worlds Billionaires list, 552 live in just ten cities. Interactive map 11. 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. The median home value for the lower Tribeca area is around $2.5 million. Dublin is the wealthiest city, with a per capita income of $115,094. Industries that have found success in the city include food processing, manufacturing, publishing, insurance and tourism. 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. 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. It is home to 304,900 resident millionaires, making it the city with the second most millionaires in the world. 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.. Since 1949, Beijing was considered one of China's most industrial cities. Home to about 393,000 millionaires, Seoul's economy is rooted in manufacturing, financial services, and transportation. The city of rich historical, cultural, political and social significance, New Delhi, ranks second on this list with a GDP of $293.6 billion. Tripoli and Tehran, the capitals of Libya and Iran, respectively, follow next on this list, reflecting their weakened economies. ", 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. 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). While the cost of living in some of the cities in these nations is low, it comes at the price of a weak currency, poor economy, and, in many cases, political and economic turmoil. In Hong Kong, 9,530 ultra wealthy individuals resided, followed by Tokyo with 8,345 lived. Beijing also has the dubious distinction of being the knock-off capital of the world. 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. Besides being a major educational hub and commercial space, Tokyo's economy relies on industries related to healthcare, communications, transportation, and real estate. If we're looking at cities in terms of total wealth, then the Big Apple leads the pack by a country mile. 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 third-wealthiest country in Asia is Japan, with just over $5.3 trillion. Palo Alto - $147,537 How does a city become one of the wealthiest in the world? One dropoff is. 4, respectively. In terms of asset management, FinTech, and ESG investment, Tokyos continued growth as the worlds most foremost economies appears secured. 13. 20 Cities with the Worst Weather in the U.S. How Eiza Gonzalez Achieved a Net Worth of $5 Million. 6 and No. In fact, the average annualy income in these neighborhoods is typically over 100,000. 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. Burundi GDP Per Capita: 724 Burundi, located in Central Africa, is the number one poorest country in the world by current figures. Top 10 Poorest Countries In The World 1. Cities may be defined as the cities proper, the extent of their urban area, or their metropolitan regions. The Top 25 Cities in the World in 2020. 1. Some cities have some obvious billionaires that come to mind. It goes without saying that due to its history tourism is a huge draw when it comes to obtaining revenue. March 17, 2022. He also praises the seafood, arts scene and welcoming atmosphere, though other critics call Seattle residents overly materialistic. (Video) TOP 10 RICHEST CITIES In The World 2021 (Uncover) Which is the richest city in the world 2022? Additionally, the world's major companies are headquartered in Seoul, which include Samsung, Hyundai, LG, and Kookmin Bank. Home to thousands of millionaires, wealthy Parisian neighborhoods include the 7th Arrondissement, the Boulogne-Billancourt, Saint-Cloud, and Neuilly-sur-Seine. Kolkata is the third richest city in South Asia after Mumbai and Delhi. Visakhapatnam - Industrial Port Of India. This includes the burgeoning FinTech, or financial technology industries. 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. Two of those in Beijing are new billionaires this year: Larry Xiangdong Chen of GSX Techedu and Liu Yachao of TAL Education Group, both of whom own companies that provide online education and after-school tutoring for students.