top 50 richest cities in the world 2020
2022 Rankings of Highly Urbanized Cities. The city contributes about 30% of goods sold in Russia. Lets take a closer look at some of the top-ranking cities making the list. Both these cities had high inflation and a strong currency. Where are the German and Chinese Cities? Much like Shanghai, Beijing enjoys a reputation as one of the Asia's (and the world's) wealthiest cities. 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. Gautam Shantilal Adani. This year 92 billionaires live in the Big Apple as their primary residence 8 more than a year ago. With the onset of free-market reforms in the 1990s, Beijing saw its economic development soar. Lower down the list So, which cities are lower ranked than in previous years? Even though the city was riddled with the effects of the pandemic, Job growth occurred with another 5,700 jobs added. Quezon City: $1.69 billion. Kolkata is the financial, commercial and industrial hub of the North East region. New York City, USA: $1,330.000 Billion. Industries critical for L.A.s economic success include entertainment, international trade, gaming, tourism, fashion and more. Florence, Italy - 2.59% Millionaires. At its peak, General Motors enjoyed a 50% market share in the United States. But what are the fastest growing cities for the rich? The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Industry-specific and extensively researched technical data (partially from exclusive partnerships). Mapped: Europes Biggest Sources of Electricity by Country, Visualizing the Scale of Global Fossil Fuel Production, Visualizing U.S. Looking to the future, companies and high-net-worth individuals will inevitably move where they are treated best. And for the sixth year in a row, more billionaires call New York City home than any other city in the world. After all, Paris is one of the hotbeds of world tourism, its the city of love and art. Macao SAR will climb from 17th in 2020 to 9th in 2021. London: 63 Billionaires Since Last Year: +7 Total Net Worth: $316.1 Billion Richest Resident: Len Blavatnik, $32 Billion Delhi City. San Ramon ranks among the top ten safest cities in California. Beijing also has the dubious distinction of being the knock-off capital of the world. 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. Of the top 50, the city with the biggest jump in the rankings was Austin, Texas, which moved up 18 spots from 2017 to claim No. 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, . In fact, Seoul is known as the most wired city in the world due to the high concentration of high-tech industries. You can only download this statistic as a Premium user. Other notable NYC billionaire residents include hip-hop superstar Jay-Z and Julia Koch, the widow of former Koch Industries magnate David Koch. Here are the Top 10 Richest Places in America and how they split their Heroes Act bailout allocation: #1. China is crucial to the worlds supply chain, and Shenzhens container port is one of the largest. The richest cities in the world are determined by their gross domestic product, or GDP. 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. Show publisher information As of 2020, there is an estimated $3 trillion worth of assets and capital in the city. + - Leaflet | Tiles OpenMapTiles | Data OpenStreetMap contributors Income distibution for all U.S. cities Manila: $790 million. Moreover, much of London's wealth is concentrated in neighborhoods like Westminster, Kensington, Islington, and Chelsea. 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. Principal industries which were the engine behind Moscows economy are textile, metallurgy, energy, and chemical. Indian richest cities 2021. 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. Please do not hesitate to contact me. Loudoun County is the richest county in the USA, with an estimated average household income of $ 117,876. Everything from financial services, fashion, digital media, the food/beverage industry and tech found a home in Toronto. Due to heavy investment into research and development, high-tech companies in Shenzen have consistent government support. Washington, D.C.. The cannabis business is rather recent, but also encourages financial growth for the city. In the U.S., a few tax-friendly states like Texas and Florida became home to American companies moving their head offices there. This may not be surprising, considering the U.S. is the world's largest wealth marketit holds over 29% of the world's wealth. (March 17, 2022). However, this megacity is most famous for its thriving entertainment industry, which pumps billions of dollars into the city's (and country's) economy. As a SEZ, businesses in the area receive special treatment in the form of tax benefits, which helps increase the GDP bottom line immensely. Leading cities with the most billionaires in 2022 [Graph]. Beyonc, Jay Z and Taylor Swift are just a few of the celebrities who own property in Tribeca. 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. These figures were taken after the market close on September 18, 2020. Richest Cities in the World. This statistic is not included in your account. Delhi city is the second most populated city in the world with a 30,291,000 million population. Does your team make it in the top fifty richest soccer clubs in 2022? 29. London and the rest of the United Kingdom finally left the European Union on January 31st, 2020. 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. 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. Some cities have some obvious billionaires that come to mind. 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. Km. MacKenzie Scott is an American novelist and philanthropist. The Top 25 Cities in the World in 2020. Mumbai - City Of Dreams. 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. He is popularly known for his role as Madea on House of Payne. I cover the world's richest people and how they made their billions. Paris is also home to several Fortune Global 500 companies such as, BNP Paribas, Peugeot, CNP Assurances, SNCF, Vivendi and more. When Covid struck, global traveling came to a halt, and for a while Macao even slipped out of the 10 richest nations ranking. The country is entirely landlocked and is surrounded by Rwanda, Tanzania, and the Democratic Republic of Congo. This international city has over 192,000 resident millionaires with 34 billionaires. Besides thriving on industries related to finance, tourism, and media, London's wealth is also linked to the London Stock Exchange (LSE). 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. According to various estimates, the Japanese capital is home to 13.1 to 13.7 million people. Liz loves the process of researching information, learning new things, and putting into words what others who share her interests might like to read. More than 80% of Russias billionaires call its capital home, including mining mogul Vladimir Potanin, who is also the richest person in the nation. This video will compare the top 50 richest people in the world by net worth in 2020. The TYO encompasses over 3,700 listed companies and a market value estimated at JPY 600 trillion (or approximately $42 billion USD). "The Sy siblings took the biggest hit in dollar terms but remain at No. With about 2,320 multi-millionaires calling Paris home, the backbone of this European city relies on hospitality, commerce, transportation, and other services. Its known as the mecca of tech innovation, and as a result, the region has a high concentration of wealthy individuals. She finds almost all topics she writes about interesting, but her favorite subjects are travel and food. 10. In 2019, the Northern California city attracted 26.2 million visitors who spent around $10.3 billion USD in the city. 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. Fortune 500 companies include Discovery Communications, Fannie Mae, Walmart and CACI International among others. The wealthy city-state has 31 billionaire residents, up from 22 last year, and replaces Seoul in the top 10. If that is the case, knowing its cost of living is vital. 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. Kuwait (-4) will be the worst loser, followed by The Bahamas (-3) and Iceland (-3). 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. 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. London has been the worlds wealthiest city for years, but over the past decade there has been an outflow of millionaires. Tokyo, Japan- GDP: $1,520 billion. City of Clayton -$146,225. Register in seconds and access exclusive features. Visakhapatnam - Industrial Port Of India. Japans largest city is home to the Tokyo Stock Exchange, which is one of the largest stock exchanges in Asia by market capitalization. Fortune Global 500 companies in Tokyo include: Honda Motors, Hitachi, Sony, Mitsubishi and more. 2. 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. Dublin is the wealthiest city, with a per capita income of $115,094. Los Angeles is not California's only wealthy city! This infographic uses information from the Henley Global Citizens Report, in partnership with New World Wealth, to rank the worlds wealthiest cities. 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. 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. Cities may be defined as the cities proper, the extent of their urban area, or their metropolitan regions. The city of rich historical, cultural, political and social significance, New Delhi, ranks second on this list with a GDP of $293.6 billion. Top Cities in the World to Visit. How does a city become one of the wealthiest in the world? Accessed March 04, 2023. https://www.statista.com/statistics/299494/billionaires-top-cities/, Hurun Research Institute. 30 in the index, a. American retail corporation Walmart has been the world's largest company by revenue since 2014. In fact, the average annualy income in these neighborhoods is typically over 100,000. Today, with 272,400 millionaires, the city holds a more humble position. Toronto is the second largest financial center in North America, Like New York City, Torontos financial hub is populated by diverse industries. 10. Among Singapores newcomers are gaming tycoons, , cofounders of the online gaming and e-commerce firm Sea; both industries have. 1. Current Health Expenditure per Capita. 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. 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. . 4. Furthermore, 121. 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. The top 10 richest cities in the Philippines. Kolkata is house of many Indian corporations like Coal India Limited, ITC Limited, Britannia Industries, Allahabad Bank,. Founded in 1630, Boston is one of our countries oldest cities. 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. If you are an admin, please authenticate by logging in again. 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. Other companies crucial to Seouls economic health include: Kia, Daewoo and Hyundai. Despite suffering a tough downturn due to the pandemic, Shanghai remains one of the worlds richest cities. The city by the bay has five fewer billionaires than a year ago in part because fortunes fell below $1 billion for former Uber CEO Ryan Graves and Pinterest cofounder Ben Silbermann. 1 with $13.9 billion. A good part of their revenue comes from their port, which is the largest container port in the world. 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. Which cities and regions have the biggest concentrations of millionaires around the world, each with a net worth greater than $1 million (USD)? Those include, , who heads Indias largest paint company, Asian Paints, and the, , who control adhesives and sealants maker Pidilite Industries. Access to this and all other statistics on 80,000 topics from, Show sources information In fact, according to this chart, you can see that manufacturing takes the lead with 16.6 percent followed by retail at 16.6 percent and real estate at 11.4 percent. Otherwise, the city serves as a global financial centre, due to its large abundance of banks, insurance companies, and financial service centres. 6 and No. New York's richest resident, 476 Washington Avenue, former mayor Michael Bloomberg, has a net worth of $45 billion, making him one . Tokyo may not be as wealthy as New York, but this megacity remains one of the richest cities in Asia. Most such agglomerations are economically, socially and culturally dominated by one city at their centre. Fortune 500 companies located in the Rhine-Ruhr metropolitan area include: ThyssenKrupp AG, RWE AG, Bayer AG, Evonik Industries, among others. Additionally, the citys real estate market is known for being expensive, with sky-high property values and rents. Unlike so many other cities bending under the weight of a post-pandemic world, Houstons economy hs gotten stronger. While Shenzhens export-led manufacturers have. Montgomery Street is considered the Wests Wall Street and is located in San Francisco. 2 on the list, but the city recorded a net loss of eight billionaire residents. The cities shown in our visualization are already well-established locations for high-net-worth individuals. Pasig City: $710 million. Kicking off the list is the charming Italian city of Florence - which is kind of surprising. Kimberly Noel Kardashian West is an American media personality, socialite, model, businesswoman, producer, and actress. 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. Learn more about how Statista can support your business. According to a study by Teleport, Osaka scores well when it comes to affordable housing, community safety, business, and healthcare. This is a list of cities in the world by gross domestic product (GDP). 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. 1. Moreover, when it comes to its residents, there are about 9,210 multi-millionaires calling London home, as well as 38 billionaires. area followed by Delhi, Kolkata, Bangalore and Chennai. Standing as one of Russia's largest industrial and financial centre, much of the country's wealth is still tied to this capital city. The largest economy in states, New York Citys prosperity is rooted in Wall Street. The company currently focuses on its four core brands: Cadillac, Chevrolet, GMC and Buick. About 300 cities have population over 1,00,000. It is home to 304,900 resident millionaires, making it the city with the second most millionaires in the world. Chart. These four cities are, Singapore broke into the top 10, replacing Seoul, which was No. Basically, the metropolitan areas of Maastricht. . Consumption of Fuel and Materials per Capita, Visualizing Chinas Dominance in Battery Manufacturing (2022-2027P), Mapped: The Population of Indias States Compared with Countries. 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. "Leading cities with the most billionaires in 2022." Let me take you through the updated list of the World's richest cities as of 2022. On this list, New York City was ranked as the richest city with a total of $3 trillion in private wealth. 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. 3. Seven cities have population more than 3 million. Though affordability sounds good at face value, sitting at the bottom of the ranking isnt necessarily a coveted position. In terms of asset management, FinTech, and ESG investment, Tokyos continued growth as the worlds most foremost economies appears secured. 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. New York, U.S . Top 10 Poorest Countries In The World 1. Major financial powerhouses in London include Canary Wharf, HSBC and Barclays. Dubai in top 10. Atherton, CA (income: $525,324/ bailout: $3.8 million) - With a median home price of. 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! The top ten richest cities in the world based on private wealth include: New York City notched the top spot for the sixth year running, growing its count of billionaire city dwellers by eight compared to 2019. Since 1949, Beijing was considered one of China's most industrial cities. 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. Other profitable sectors include information technology, medical technology, retail, financial and legal sectors. New York City (NYC), which lost the number one slot to Beijing in 2021, has added eight new billionaires with a total net worth of $640.4 Billion. L.A. is also abuzz with development projects, such as refurbishing businesses like Manns Chinese Theater, as well as infrastructure projects. Los Angeles is a city that takes great strides to encourage economic growth. 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. Kolkata- GDP $150.1 Billion. Alongside its growing wealth, San Francisco is also one of the fastest growing cities in the country. 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. to incorporate the statistic into your presentation at any time. The four cities that made the top 50 in 2019 but did not make . The United Nations uses three definitions for what constitutes a city, as not all cities may be classified using the same criteria.
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