The 50 Most Innovative Cities in the World - Business Insider The top ten richest cities in the world based on private wealth include: Newsletter. Fortune 500 companies located in the Rhine-Ruhr metropolitan area include: ThyssenKrupp AG, RWE AG, Bayer AG, Evonik Industries, among others. Besides being a major educational hub and commercial space, Tokyo's economy relies on industries related to healthcare, communications, transportation, and real estate. Cebu City: $660 million. Let me take you through the updated list of the World's richest cities as of 2022. Are you interested in testing our business solutions? In some U.S. cities, however, more than half of all households earn $70,000-plus. New York City, USA: $1,330.000 Billion. 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. Newcomers from other sectors also joined the ranks, including AI pioneer Daniel Dines and Brooklyn native Jay-Z. 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. With about 2,320 multi-millionaires calling Paris home, the backbone of this European city relies on hospitality, commerce, transportation, and other services. area followed by Delhi, Kolkata, Bangalore and Chennai. 1. Cairo Cairo Pyramids Hotel - Cairo, Egypt (photo: Marriott) ADVERTISEMENT Located along the Nile River, Cairo is one of the. When is it OK to Buy a House Site Unseen as an Investor? Los Angeles is a city that takes great strides to encourage economic growth. "Leading cities with the most billionaires in 2022." New York, U.S . Otherwise, Los Angeles enjoys wealth from other industries related to biosciences, trade, information, transportation, and aerospace. 1. This site uses Akismet to reduce spam. Ranked: The Worlds Richest Billionaires Over the Past 10 Years, All of the Worlds Money and Markets in One Visualization (2022), The U.S. and China Account for Half the Worlds Household Wealth, Charting the Relationship Between Wealth and Happiness, by Country, Mapped: The Wealthiest Billionaire in Each U.S. State in 2022, Poll: Inflation is the Top Financial Concern for Americans, From New York to Damascus, this infographic uses EIU cost of living data to rank the worlds most and least expensive cities to live in. 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. However, its also a city steeped in industry. For over 50 years, Tokyo has occupied the top spot, and shows no sign of slowing down. 2 on the list, but the city recorded a net loss of eight billionaire residents. 25 Best Cities in the World to Visit: World's Best 2021 - Travel + Leisure Where Are the Richest Cities in the World? - Upscale Living Mag However, invading a sovereign nation had its consequences, and Russias entire economy is in a state of disrepair. He is popularly known for his role as Madea on House of Payne. 1. 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. On a related note, there is a sizeable population of secondary homeowners in London. With the onset of free-market reforms in the 1990s, Beijing saw its economic development soar. Top 50 Richest People in the World - Moneymint 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. 10. 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. Today, Boston is a center of learning with many stellar educational institutions like MIT and Harvard, which contribute greatly to Bostons economy. 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. To use individual functions (e.g., mark statistics as favourites, set Historically speaking, Osaka has always been thought of as a major economic center of Japan. The 20 Richest Cities in California (Updated for 2020) - Money Inc 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. 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.. 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. Finally, London hosts some of the most prominent Fortune Global 500 companies such as Lloyds Banking Group, Prudential, J Sainsbury, BP, Tesco and Vodafone Group, among others. 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. He is worth $1 billion, becoming the richest actor in the world. The 20 Richest ZIP Codes in the USA - MoneyWise Their net worth is based on the data from 2022 available on their respective Forbes profiles. The 50 richest countries in the world - Worlddata.info Shibuya Crossing, one of the busiest crosswalks in the world, in Tokyo, Japan Tokyo's wealth is also tied to the Tokyo Stock Exchange (TYO), regarded as one of the largest stock exchanges in the world. 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. Shanghai. By 900,. City Mayors: Richest cities in the world in 2020 by GDP Get full access to all features within our Business Solutions. 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 Top 5 Cities in Mexico in 2020. 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. Five are new billionaires from the finance industry, including private equity wizards Tony Tamer and Steven Klinsky. Richest Cities Of India - BW Businessworld Its no surprise to anyone that a good chunk of the Paris economy is the tourist trade. Liz loves the process of researching information, learning new things, and putting into words what others who share her interests might like to read. As of 2020, there is an estimated $3 trillion worth of assets and capital in the city. 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. India is the second largest country in the world after China. 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.). Boston-Cambridge-Newton, Massachusetts. Here are the Top 10 Richest Places in America and how they split their Heroes Act bailout allocation: #1. Despite suffering a tough downturn due to the pandemic, Shanghai remains one of the worlds richest cities. Macao SAR will climb from 17th in 2020 to 9th in 2021. Kolkata is the financial, commercial and industrial hub of the North East region. Quezon City unseats Makati as PH's wealthiest LGU - RAPPLER 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. Both these cities had high inflation and a strong currency. The cannabis business is rather recent, but also encourages financial growth for the city. In an attempt to rank the cities of the world according to wealth, we will use the Purchasing Power Parity (PPP) as a means of comparison. 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. Home to 12 Fortune 500 companies, the city of Philly is Pennsylvanias financial hub. Not surprisingly, China is home to three of these cities, including Hong Kong (SAR). 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. Well-known corporations that reside in SEZ are Tencent, Huawei and DJI. You need at least a Starter Account to use this feature. The international city of romance boasts an economically wealthy status. Profit from the additional features of your individual account. Mapped: Europes Biggest Sources of Electricity by Country, Visualizing the Scale of Global Fossil Fuel Production, Visualizing U.S. 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. Top 50 Richest Indians in 2022: Comprehensive List - StartupTalky If you are an admin, please authenticate by logging in again. As a Premium user you get access to background information and details about the release of this statistic. Click on the headers to reorganize columns. Its also host to the headquarters of around 75 percent of the worlds Fortune 500 companies. It is also home to Wall Street, the financial capital of the US and the world. 1. 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. Additionally, the citys real estate market is known for being expensive, with sky-high property values and rents. Moreover, a portion of Beijing's rapid economic growth is the product of international investments, registering over 45,000 foreign-invested businesses in 2020. Rounding out the top three cities is Tokyo, with $2.5 trillion in private wealth. The Private Industry Council works to promote the local economy via job training programs. Top 10 Richest Cities in the World In terms of GDP rankings Most such agglomerations are economically, socially and culturally dominated by one city at their centre. Hurun Research Institute. Foreign corporations such as IBM, Nestle, Hewlett-Packard and more flooded Beijing, causing a rapid economic expansion. Top 50 Richest Football Clubs in The World 2022 - The Football Lovers Other industries which thrive here are those in high-tech, scientific R&D, professional services such as legal, insurance, finance and public administration. 10 Richest Car Companies In The World - ventured.com Home to both invention and innovation, animes, mangas and of course, robots, Tokyo is known as the financial center of the world. Who are the Top 50 Richest Individuals in PH? See on Forbes List - BCG 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. 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. The city employs 36,000 people and is home to some 75, 00 people. However, today it has moved on to other, more profitable economic interests such as finances, high tech and insurance, to name a few. 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 . 50 Richest Cities in the World | Ventured These cities have a combined GDP of $2.4st trillion, equating to more than double that of second-place San Francisco. Other notable NYC billionaire residents include hip-hop superstar, , the widow of former Koch Industries magnate. If you live in a city where many residents find it challenging to put a roof over their heads, food on their plates, and make ends meet, you live in an expensive city. In the latest edition of the ranking, North America has a strong showing with seven of the wealthiest cities, by number of millionaires. Values soared as interest rates on loans went down in a sellers market, which made it tougher to find affordable properties. For example, Moscow's rich neighborhoods like Rublyovka contain private houses that can cost up to $60 to $80 million! Media mogul turned politician Michael Bloomberg, founder of Bloomberg, is the . Toronto is the second largest financial center in North America, Like New York City, Torontos financial hub is populated by diverse industries. 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. The ideal entry-level account for individual users. The county seat of Loudoun is in Leesburg, where most administration activities take place. Leading billionaire cities 2022 | Statista Show publisher information Top 100 Poorest Countries in the World (2023) - Information Its been rapidly replaced by information tech and financial services. Swift reportedly owns about $40 million worth of property in the area. 5. 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 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. Which Countries Have the Lowest Inflation? Top 10 Richest Cities In The World - IndiaTimes Currently, 43 Fortune 500 companies that call New York City home include: Verizon, JP Morgan, Pfizer, Citigroup, MetLife, Goldman Sachs, Morgan Stanley, and more. 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. With an estimated GDP of $310 billion, Mumbai ranks number one in the list of the richest cities in India. 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. Other Shanghai entrepreneurs are newcomers to the list, including Wang Jilei, who draws his wealth from express delivery firm ZTO Express, and Chen Rui, whose anime and entertainment site Bilibili saw an uptick in demand after it gave residents of locked down areas free access to premium content. Access to this and all other statistics on 80,000 topics from, Show sources information Major financial powerhouses in London include Canary Wharf, HSBC and Barclays. , 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. Some cities have some obvious billionaires that come to mind. 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 Use Ask Statista Research Service. 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. Shipping isnt the only industry which brings revenue into SEZ, its also the sizable industrial parks, high-tech industries and of course, trade. London and the rest of the United Kingdom finally left the European Union on January 31st, 2020. You can only download this statistic as a Premium user. Top 5 Most Populated Cities in the World - NCERT Books 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. Furthermore, the Big Apple was also a popular destination for entrepreneurs and innovative businesses, furthering its reputation as a financially-savvy city. She was the wife of Jeff Bezos, founder of Amazon. In, Hurun Research Institute. Chart. 15 Richest Cities in India (by GDP) - WorldlistMania Loudoun County is located in the Commonwealth Virginia, with a population of 375,000 people. Top 50 Richest People in the World (2020) | Top Richest Montgomery Street is considered the Wests Wall Street and is located in San Francisco. These four cities are home to 228 billionaires. Most affluent women worldwide 2022, by net worth, Worldwide wealth distribution by net worth of individuals 2021, Countries with the highest wealth per adult 2021. Luxury services also play a significant factor in Paris' economy, acting as a hub for famous brands like Mot, Cartier, and Louis Vuitton. Chinese energy giants State Grid, China National Petroleum, and Sinopec rounded out the top five. + - Leaflet | Tiles OpenMapTiles | Data OpenStreetMap contributors Income distibution for all U.S. cities According to various estimates, the Japanese capital is home to 13.1 to 13.7 million people. The 20 Richest Cities in the World in 2022 - Money Inc One dropoff is. Moreover, when it comes to its residents, there are about 9,210 multi-millionaires calling London home, as well as 38 billionaires. After their divorce, MacKenzie received a 4% stake in Amazon, which was worth about $35 billion at the time. Makati City: $4.48 billion. In the U.S., a few tax-friendly states like Texas and Florida became home to American companies moving their head offices there. In fact, London is one of the chief financial centers of the world. 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. Dallas plays host to a variety of industries, and its these industries which are responsible for the economic growth of the Dallas metropolitan area. You need a Statista Account for unlimited access. From Singapore To New York City, more than 26% of the worlds 2,095 billionaires live in just 10 cities on three continents. There are 4,000 cities and towns in India. South Koreas Wall Street is the Korea Exchange in Yeoui Island. A big economic draw for San Francisco is its close proximity to Silicon Valley. 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. London City | Photo: Reuters 7. This city's success is due to its industrial and manufacturing activity, made up of a technology-savvy and highly skilled work force. 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. , who is also the richest person in the nation. Out of the 2,095 members of the 2020 Forbes Worlds Billionaires list, 552 live in just ten cities.
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