He is worth $1 billion, becoming the richest actor in the world. Please create an employee account to be able to mark statistics as favorites. 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. Standing as one of Russia's largest industrial and financial centre, much of the country's wealth is still tied to this capital city. 3. Since 1949, Beijing was considered one of China's most industrial cities. 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. 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. Some of them have topped the rankings for decades, while some others are less well-known. Consumption of Fuel and Materials per Capita, Visualizing Chinas Dominance in Battery Manufacturing (2022-2027P), Mapped: The Population of Indias States Compared with Countries. Being China's largest city, Shanghai also houses on of the world's largest ports, due to its proximity to the Yangtze River Delta. Despite its picture of wealth, only a small percentage of Seoul's population claim to be wealthy. Its no surprise that its capital city of Damascus has maintained its position as the worlds cheapest city. 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. Historically speaking, Osaka has always been thought of as a major economic center of Japan. Seoul is a gorgeous city and the economic hub of South Korea. 7 and Shanghai and Beijing staying flat at No. 12. Seven cities have population more than 3 million. There is a distinction between wealth held by identifiable individual billionaires or a "nuclear family" and the wider notion of an extended family or a historical "dynasty," where the wealth of a . Which cities and regions have the biggest concentrations of millionaires around the world, each with a net worth greater than $1 million (USD)? You need a Statista Account for unlimited access. For over 50 years, Tokyo has occupied the top spot, and shows no sign of slowing down. 4, respectively. This list is incomplete, as not all companies disclose their information to the general public. 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. 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. 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. A paid subscription is required for full access. City of Clayton -$146,225. A big economic draw for San Francisco is its close proximity to Silicon Valley. 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. Once considered a major shipping hub to the world, that distinction has been replaced by the service industries, such as financial services. The largest economy in states, New York Citys prosperity is rooted in Wall Street. India is the second largest country in the world after China. Besides thriving on industries related to finance, tourism, and media, London's wealth is also linked to the London Stock Exchange (LSE). Mumbai - City Of Dreams. In some U.S. cities, however, more than half of all households earn $70,000-plus. India is the world's second-most populous country, with several large cities and densely inhabited areas. Finally, Oceania has two cities on the list, both located in Australia. The Big Smoke is no stranger to economic prosperity. Loudoun County is located in the Commonwealth Virginia, with a population of 375,000 people. 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. This international city is also attractive to domestic and foreign investors alike. Kuwait (-4) will be the worst loser, followed by The Bahamas (-3) and Iceland (-3). Home to both invention and innovation, animes, mangas and of course, robots, Tokyo is known as the financial center of the world. Other industries which influence the economy of Boston include the biotech industry, tourism, finance services and several Fortune 500 companies. 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. The TYO encompasses over 3,700 listed companies and a market value estimated at JPY 600 trillion (or approximately $42 billion USD). "Leading Cities with The Most Billionaires in 2022. The Chinese capitals tally of ten-figure-fortunes rose by six since last year to reach 67 billionaires. Luxury services also play a significant factor in Paris' economy, acting as a hub for famous brands like Mot, Cartier, and Louis Vuitton. Media mogul turned politician Michael Bloomberg, founder of Bloomberg, is the . In Hong Kong, 9,530 ultra wealthy individuals resided, followed by Tokyo with 8,345 lived. Mumbai gained one billionaire resident since 2019, losing five billionaires but adding six newcomers. Kolkata- GDP $150.1 Billion. Being the largest city of the country, Mumbai is extensively . 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. (((61/33)^(1/15))^10)*33 and (((33/21)^(1/15))^10)*21. This statistic is not included in your account. 6 and No. At 89 years old, Warren Buffett is the oldest richest person by 5 years. Register in seconds and access exclusive features. About 300 cities have population over 1,00,000. Some cities have some obvious billionaires that come to mind. 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. She was the wife of Jeff Bezos, founder of Amazon. In total, these 30 people control. Major metropolitan areas contributing at least 2.5% of world GDP. 4, respectively. 2. Its wealthiest resident, , chairman and CEO of Internet media behemoth Tencent Holdings, is the, . At 35 years old, Mark Zuckerberg is the youngest richest person by more than a decade. GM was the best-performing automobile company in the 20th century but has still maintained a top position among the wealthiest car manufacturers. If you are an admin, please authenticate by logging in again. 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 . Quezon City: $1.69 billion. China retains its title as the country with the most cities in the top 10, with Shenzhen moving up one spot to No. Are you interested in testing our business solutions? 5. Shanghai. 3. 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. All maps, graphics, flags, photos and original descriptions 2023 worldatlas.com, The World's Most Populated Capital 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. 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! Though affordability sounds good at face value, sitting at the bottom of the ranking isnt necessarily a coveted position. Access to this and all other statistics on 80,000 topics from, Show sources information Loudoun County. 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. 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. Ever since, San Francisco has remained a strong financial stronghold for the state of California. The top 10 richest cities in the Philippines. Fortune 500 companies include Comcast, Colonial Penn, Sunoco, Aramark, CIGNA, Lincoln Financial Group, and more. The place is mostly known for its stunning Renaissance architecture and is . Moreover, when it comes to its residents, there are about 9,210 multi-millionaires calling London home, as well as 38 billionaires. Pasig City: $710 million. Blessed with an affordable cost of living, two stunning shorelines, vibrant cities, and swathes of glorious scenery, its understandable, Read More The 10 Best Places to Live in Mexico for AmericansContinue, If you live in Kentucky already, then youll already be well aware that when it comes to crime, the Bluegrass State is doing pretty well for itself. The Football Lovers Menu News Premier League Manchester City Manchester United Liverpool Chelsea Arsenal Leicester City Tottenham Hotspur West Ham United Everton Transfers Top 10 Quizzes [Online]. Alongside its growing wealth, San Francisco is also one of the fastest growing cities in the country. [3] The methodology of calculating GDP may differ between the studies and are widely based on projections and sometimes approximate estimations, notably for cities that are not within the Organisation for Economic Co-operation and Development. Major sectors there include: real estate and fund management. Elon Musk Elon Musk is a South African-born Canadian-American businessman, investor & the richest person in the world. . Though San Francisco relishes in its economically wealthy reputation due to the nature of Silicon Valley and its billionaire population, Los Angeles enjoys a similar status. If we're looking at cities in terms of total wealth, then the Big Apple leads the pack by a country mile. Top 10 Richest Asian Countries (2020 GDP, Int$ PPP - World Bank) China - $24.27 trillion; . 10. The Richest Cities are shown below, based on GDP (Gross Domestic Product) data from 2011. The Top 5 Cities in Mexico in 2020. MacKenzie Scott is an American novelist and philanthropist. To make the list, the EIU examines 400+ prices for over 200 products and services in 172 cities, surveying a variety of businesses to track price fluctuations over the last year. Despite being significantly smaller than Los Angeles, San Francisco houses more millionaires than its southern California counterpart. Los Angeles is not California's only wealthy city! London and the rest of the United Kingdom finally left the European Union on January 31st, 2020. The collective net worth of the citys billionaires is $424 billion, down $45.7 billion from a year ago. On this list, New York City was ranked as the richest city with a total of $3 trillion in private wealth. Once a leader in the manufacturing industry, that industry has been bowing to more modern industries like high tech, financial services and electronics. Well-known corporations that reside in SEZ are Tencent, Huawei and DJI. These cities have a combined GDP of $2.4st trillion, equating to more than double that of second-place San Francisco. NYC has held the title of the wealthiest city in the world for many decades now, housing around 59 billionaires and a whopping 345,600 millionaires! $520.1. This includes the burgeoning FinTech, or financial technology industries. 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. Washington, D.C.. Newcomers from other sectors also joined the ranks, including AI pioneer Daniel Dines and Brooklyn native Jay-Z. 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. Show publisher information Looking to the future, companies and high-net-worth individuals will inevitably move where they are treated best. Fortune 500 companies include Discovery Communications, Fannie Mae, Walmart and CACI International among others. Statista. 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. (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). 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. Even though the city was riddled with the effects of the pandemic, Job growth occurred with another 5,700 jobs added. Chicago, which serves as the home base for 35 Fortune 500 companies, is home to 160,100 millionaires, 340 centimillionaires and 28 . Other industries which thrive here are those in high-tech, scientific R&D, professional services such as legal, insurance, finance and public administration. [1] The list is limited to the top 50 companies, all of which except Elevance Health have annual revenues exceeding US$140 billion. Which Countries are Buying Russian Fossil Fuels? Chinese energy giants State Grid, China National Petroleum, and Sinopec rounded out the top five. Kicking off the list is the charming Italian city of Florence - which is kind of surprising. 2. 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. 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. 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. As soon as this statistic is updated, you will immediately be notified via e-mail. Lets take a closer look at some of the top-ranking cities making the list. Fortune Global 500 companies housed in Moscow include Gazprom, Rosneft Oil and Sistema among others. StartupTalky has compiled an exhaustive list of the top richest people in India for the year 2022. Hong Kong is once again the city with the second most billionaires in the world. - Mappe, Popolazione, Statistiche Demografiche dell'ISTAT", "Total Real Gross Domestic Product for Wichita, KS (MSA)", "Population estimates by selected Non-ABS Structures, 2010-2020", "China: Gungdng (Prefectures, Cities, Districts and Counties) - Population Statistics, Charts and Map", https://en.wikipedia.org/w/index.php?title=List_of_cities_by_GDP&oldid=1142520927, This page was last edited on 2 March 2023, at 21:41. As of March 2023, MacKenzie Scott's net worth is estimated to be $33.3billion. The Top 25 Cities in the World in 2020. Other companies crucial to Seouls economic health include: Kia, Daewoo and Hyundai. More than 80% of Russias, call its capital home, including mining mogul. The wealthy city-state has 31 billionaire residents, up from 22 last year, and replaces Seoul in the top 10. He also praises the seafood, arts scene and welcoming atmosphere, though other critics call Seattle residents overly materialistic. 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. To use individual functions (e.g., mark statistics as favourites, set London: 63 Billionaires Since Last Year: +7 Total Net Worth: $316.1 Billion Richest Resident: Len Blavatnik, $32 Billion The city employs 36,000 people and is home to some 75, 00 people. Los Angeles, USA The city of Los Angeles makes significant efforts to foster economic growth in the local community. Learn more about how Statista can support your business. New York City. Follow Us. The collective net worth of the citys billionaires is $424 billion, down $45.7 billion from a year ago. Situated in the southern part of California, Los Angeles is known for its large population of celebrities, tech moguls, and the financially fortunate. According to Jennifer Reynolds, Pre4sident and CEO of Toronto Finance International, Torontos success is due in large part to the strength and significant growth of its financial industry. 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. Four cities made the list for the first time: Blackhawk, California; New Albany, Ohio; Long Grove, Illinois; and Darnestown, Maryland. Not surprisingly, China is home to three of these cities, including Hong Kong (SAR). Beijing also has a sizeable billionaire population of 100 people, compared to any other international city. Fortune Global 500 companies include SK Holdings, POSCO, LG Electronics and more. 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 Delhi City. 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. Principal industries which were the engine behind Moscows economy are textile, metallurgy, energy, and chemical. If that is the case, knowing its cost of living is vital. Furthermore, Tokyo owns 10% and close to 16% of Japan's officespace and workers, respectively. Macao SAR will climb from 17th in 2020 to 9th in 2021. Kolkata is the third richest city in South Asia after Mumbai and Delhi. 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