The city of rich historical, cultural, political and social significance, New Delhi, ranks second on this list with a GDP of $293.6 billion. 1 with $13.9 billion. Palo Alto - $147,537 1. Among the top 10 richest economies, Ireland has the fastest-growing economy with 13.04%. Then you can access your favorite statistics via the star in the header. The list of top 50 richest football clubs in the world ranked by Forbes have been revealed. In 2019, San Francisco's tourism industry resulted in 86,111 jobs. In particular, the United States claims five of the cities in the top 10, including the very top spot with New York City. Beijing, China: $591.374 Billion Beijing is the capital of China and has a population of over 20 million. The San Francisco Bay Area boasts 276,400 millionaires. New York is the wealthiest city in the worldhome to 345,600 millionaires with a total private wealth that exceeds $3 trillion. 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. A huge part of this development was the influx of multi-national corporations. Adding to the diversity are biotech companies and information technologies. New York City is also considered the country's leader in finance due to its storied past. It goes without saying that due to its history tourism is a huge draw when it comes to obtaining revenue. Show publisher information London and Paris are the major and richest cities in Europe with a GDP of US$835 billion and US$822 billion respectively. 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. As a SEZ, businesses in the area receive special treatment in the form of tax benefits, which helps increase the GDP bottom line immensely. The Periodic Table of Commodity Returns (2013-2022), Visualizing 25 Years of Lithium Production, by Country, Ranked: The Worlds Largest Copper Producers, All the Metals We Mined in 2021: Visualized, Chart: Automakers Adoption of Fuel-Saving Technologies, Explainer: What to Know About the Ohio Train Derailment, A Visual Crash Course on Geothermal Energy. China retains its title as the country with the most cities in the top 10, with Shenzhen moving up one spot to No. Los Angeles is a city that takes great strides to encourage economic growth. Learn more about how Statista can support your business. 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. 5. The 150 richest cities in the world by GDP in 2020 11 March 2007: The tables provide GDP figures for cities and their surrounding urban areas in 2020. In Hong Kong, 9,530 ultra wealthy individuals resided, followed by Tokyo with 8,345 lived. 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 industries which thrive here are those in high-tech, scientific R&D, professional services such as legal, insurance, finance and public administration. 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. This may not be surprising, considering the U.S. is the world's largest wealth marketit holds over 29% of the world's wealth. The decade-long conflict in Syria weakened the Syrian pound, led to a spiraling inflation and fuel shortages, and further collapsed its economy. In 2019, the Northern California city attracted 26.2 million visitors who spent around $10.3 billion USD in the city. These include three Indian cities, Tashkent in Uzbekistan, Almaty in Kazakhstan, Pakistans most populous city of Karachi, and Sri Lankan capitalColombo. Facebook: quarterly number of MAU (monthly active users) worldwide 2008-2022, Quarterly smartphone market share worldwide by vendor 2009-2022, Number of apps available in leading app stores Q3 2022, Profit from additional features with an Employee Account. + - Leaflet | Tiles OpenMapTiles | Data OpenStreetMap contributors Income distibution for all U.S. cities Here are the Top 10 Richest Places in America and how they split their Heroes Act bailout allocation: #1. The richest city in the world is Tokyo. India is the second largest country in the world after China. Among Singapores newcomers are gaming tycoons, , cofounders of the online gaming and e-commerce firm Sea; both industries have. San Ramon ranks among the top ten safest cities in California. 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 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. Compared to many other states, Kentucky has low, Read More The 20 Safest Places to Live in KentuckyContinue, The price of land jumped dramatically from 2020 to the present. 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. 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. Newcomers to the billionaire ranks who live in San Francisco include private equity dealmaker Orlando Bravo and cloud communications entrepreneur Vlad Shmunis. New York City notched the top spot for the sixth year running, growing its count of billionaire city dwellers by eight compared to 2019. Other profitable sectors include information technology, medical technology, retail, financial and legal sectors. 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. It is the largest urban economy on the planet. Chinese energy giants State Grid, China National Petroleum, and Sinopec rounded out the top five. Being the largest city of the country, Mumbai is extensively . 10. Newcomers to the billionaire ranks who live in San Francisco include private equity dealmaker. Among Singapores newcomers are gaming tycoons Forrest Li and Gang Ye, cofounders of the online gaming and e-commerce firm Sea; both industries have benefited from people staying indoors and spending more time online. 6 and No. In fact, Tokyo plays host to the top money-building organizations and minds anywhere on Earth. New York is the wealthiest city in the worldhome to 345,600 millionaires with a total private wealth that exceeds $3 trillion. Frankfurt in Germany is the second richest city after Dublin with an income of $102,941 per capita. According to the Hurun Global Rich List 2022, the leading city with the most billionaires in 2022 was Beijing. A paid subscription is required for full access. Situated in the southern part of California, Los Angeles is known for its large population of celebrities, tech moguls, and the financially fortunate. With about 2,320 multi-millionaires calling Paris home, the backbone of this European city relies on hospitality, commerce, transportation, and other services. It is home to 304,900 resident millionaires, making it the city with the second most millionaires in the world. The top 10. The Private Industry Council works to promote the local economy via job training programs. The place is mostly known for its stunning Renaissance architecture and is . Monaco - 29.21% Millionaires. Hong Kong is once again the city with the second most billionaires in the world. This international city is also attractive to domestic and foreign investors alike. Another industry that rains gobs of revenue on the City of London is the tourism industry with over 20 million visitors per year. Despite suffering a tough downturn due to the pandemic, Shanghai remains one of the worlds richest cities. Los Angeles, Chicago and Houston round out the top five. As of 2020, there is an estimated $3 trillion worth of assets and capital in the city. Ian Lurie on Quora calls Seattle "one of the most beautiful U.S. cities you'll find, with lots of lakes, the bay, mountains and green stuff.". Furthermore, 121. Loudoun County is the richest county in the USA, with an estimated average household income of $ 117,876. About 300 cities have population over 1,00,000. The typical American household earns $57,617 per year. 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,. $516.5. With an estimated GDP of $310 billion, Mumbai ranks number one in the list of the richest cities in India. $520.1. More than 80% of Russias, call its capital home, including mining mogul. 24/7 Wall Street reviewed income levels in 382 metropolitan . China retains its title as the country with the most cities in the top 10, with Shenzhen moving up one spot to No. Its wealthiest resident, , chairman and CEO of Internet media behemoth Tencent Holdings, is the, . Industries critical for L.A.s economic success include entertainment, international trade, gaming, tourism, fashion and more. San Francisco also has the highest median household income in the country. 1. These cities have a combined GDP of $2.4st trillion, equating to more than double that of second-place San Francisco. 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. Beijing also has a sizeable billionaire population of 100 people, compared to any other international city. Major financial powerhouses in London include Canary Wharf, HSBC and Barclays. Which Countries are Buying Russian Fossil Fuels? In fact, such diversity plays well in times of economic hardship, which includes the recent downturn caused by the pandemic. As soon as this statistic is updated, you will immediately be notified via e-mail. While Shenzhens export-led manufacturers have. 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 country's economy as a whole is one of the fastest growing in the world. 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. Fortune 500 companies include Discovery Communications, Fannie Mae, Walmart and CACI International among others. Currently, 43 Fortune 500 companies that call New York City home include: Verizon, JP Morgan, Pfizer, Citigroup, MetLife, Goldman Sachs, Morgan Stanley, and more. Indian richest cities 2021. Paris, which has topped the ECA list in the past, dropped out of the top 30. (Video) TOP 10 RICHEST CITIES In The World 2021 (Uncover) Which is the richest city in the world 2022? 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. City of Clayton -$146,225. It had about 2,000 inhabitants at the time. 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. The collective net worth of the citys billionaires is $424 billion, down $45.7 billion from a year ago. Ahmedabad - Textile Hub Of India. Its no surprise to anyone that a good chunk of the Paris economy is the tourist trade. 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. Cebu City: $660 million. 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. Its no surprise that its capital city of Damascus has maintained its position as the worlds cheapest city. Geneva, Switzerland - 17.92% Millionaires. As a Premium user you get access to the detailed source references and background information about this statistic. 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. Source: Forbes Music: Beethoven 5th Symphony In, Hurun Research Institute. The USA is the only country with a large surface area and population among the highest-ranking nations, ranking eleventh. Their net worth is based on the data from 2022 available on their respective Forbes profiles. 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. 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. 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. 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. The wealthy city-state has 31 billionaire residents, up from 22 last year, and replaces Seoul in the top 10. At 89 years old, Warren Buffett is the oldest richest person by 5 years. Europe comes in third with five cities, though only London makes into the top 10 portion of the ranking. Newsletter. According to various estimates, the Japanese capital is home to 13.1 to 13.7 million people. A good part of their revenue comes from their port, which is the largest container port in the world. 12. The methodology of calculating GDP may differ between the studies and are widely based . The top ten richest cities in the world based on private wealth include: This included plans of action to assist with rent, taxes, business subsidies and more. 30 in the index, a. It is through the electric car maker Tesla and in space by rocket produced by SpaceX. Foreign corporations such as IBM, Nestle, Hewlett-Packard and more flooded Beijing, causing a rapid economic expansion. Statista. San Francisco also relishes in its reputation as the sixth largest economy in the US. 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, , founders of online gaming firm Playrix; and, , who inherited part of the fortune of her late father, Brazilian healthcare tycoon, in an effort to slow the spread of the coronavirus in January, boosting the fortunes of online retail titans like, . Let me take you through the updated list of the World's richest cities as of 2022. 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. If you are an admin, please authenticate by logging in again. Those include, , who heads Indias largest paint company, Asian Paints, and the, , who control adhesives and sealants maker Pidilite Industries. The cities shown in our visualization are already well-established locations for high-net-worth individuals. The company currently focuses on its four core brands: Cadillac, Chevrolet, GMC and Buick. 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. 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. to incorporate the statistic into your presentation at any time. South Koreas Wall Street is the Korea Exchange in Yeoui Island. In detail, 144 billionaires resided in the capital of China. This large metropolitan area has a history of being the hub of Germanys heavy industry sector. March 17, 2022. 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. After their divorce, MacKenzie received a 4% stake in Amazon, which was worth about $35 billion at the time. Major sectors there include: real estate and fund management. Travel + Leisure. From Singapore To New York City, more than 26% of the worlds 2,095 billionaires live in just 10 cities on three continents. Beijing is the capital of China and has a population of over 20 million. Home to 12 Fortune 500 companies, the city of Philly is Pennsylvanias financial hub. For example, Moscow's rich neighborhoods like Rublyovka contain private houses that can cost up to $60 to $80 million! With the onset of free-market reforms in the 1990s, Beijing saw its economic development soar. Cairo Cairo Pyramids Hotel - Cairo, Egypt (photo: Marriott) ADVERTISEMENT Located along the Nile River, Cairo is one of the. By examining a cities GDP, we can get a good idea of its industries and how they contribute to the overall economic growth. Kolkata- GDP $150.1 Billion. You can only download this statistic as a Premium user. RANKED: These Are The 50 Richest Towns To Live In The United States, 2020 Sophie Ireland C-Suite Lifestyle February 21, 2020 With an average household income of more than $525,000, Atherton, California is the richest town in the United States, that's according to a Bloomberg report. Image Source. Kolkata is house of many Indian corporations like Coal India Limited, ITC Limited, Britannia Industries, Allahabad Bank,. If we're looking at cities in terms of total wealth, then the Big Apple leads the pack by a country mile. 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. Shanghai. This year 92 billionaires live in the Big Apple as their primary residence 8 more than a year ago. Loudoun County is located in the Commonwealth Virginia, with a population of 375,000 people.