The San Francisco Bay Area boasts 276,400 millionaires. In the list of Forbes' Philippines' 50 Richest 2020, the Sy siblings remain at the number one spot of Philippines' Rich List for this year with a net worth of $13.9 Billion despite losing $3.3 Billion due to the pandemic. The TYO encompasses over 3,700 listed companies and a market value estimated at JPY 600 trillion (or approximately $42 billion USD). 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. Moreover, there are over 25 FortuneGlobal 500companies headquartered in Paris (which are the top companies in the world based on their revenues) including Danone, Sanofi, Christian Dior, and Finatis. Finally, Oceania has two cities on the list, both located in Australia. 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. UAE in Top 20. Top Cities in the World to Visit. Home to both invention and innovation, animes, mangas and of course, robots, Tokyo is known as the financial center of the world. Moscow. Despite suffering a tough downturn due to the pandemic, Shanghai remains one of the worlds richest cities. Hong Kong is once again the city with the second most billionaires in the world. He is popularly known for his role as Madea on House of Payne. 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. 2 on the list, but the city recorded a net loss of eight billionaire residents. The United Nations uses three definitions for what constitutes a city, as not all cities may be classified using the same criteria. Chinese energy giants State Grid, China National Petroleum, and Sinopec rounded out the top five. Beijing is the capital of China and has a population of over 20 million. Kim Kardashian- $1 billion. , a member of the citys Raheja real estate clan, who was worth an estimated $2.3 billion last year. The four cities that made the top 50 in 2019 but did not make . Other Shanghai entrepreneurs are newcomers to the list, including, , who draws his wealth from express delivery firm ZTO Express, and, , whose anime and entertainment site Bilibili, an uptick in demand after it gave residents of locked down areas. 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). In fact, London is one of the chief financial centers of the world. GM was the best-performing automobile company in the 20th century but has still maintained a top position among the wealthiest car manufacturers. Richest Cities in the World. The city-state of Singapore is the wealthiest country in Asia, with a per-capita GDP of . The decade-long conflict in Syria weakened the Syrian pound, led to a spiraling inflation and fuel shortages, and further collapsed its economy. She was the wife of Jeff Bezos, founder of Amazon. Atherton, CA (income: $525,324/ bailout: $3.8 million) - With a median home price of. 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. As a Premium user you get access to the detailed source references and background information about this statistic. Their net worth is based on the data from 2022 available on their respective Forbes profiles. 2. Kolkata is the financial, commercial and industrial hub of the North East region. It is also home to Wall Street, the financial capital of the US and the world. In terms of asset management, FinTech, and ESG investment, Tokyos continued growth as the worlds most foremost economies appears secured. Geneva, Switzerland - 17.92% Millionaires. Kolkata is the third richest city in South Asia after Mumbai and Delhi. To use individual functions (e.g., mark statistics as favourites, set Accessed March 04, 2023. https://www.statista.com/statistics/299494/billionaires-top-cities/, Hurun Research Institute. Another crucial element is the neighborhood of Zhongguancun. In 2019, the Northern California city attracted 26.2 million visitors who spent around $10.3 billion USD in the city. 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. 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. According to a study by Teleport, Osaka scores well when it comes to affordable housing, community safety, business, and healthcare. The Big Apple has historically been a hub for trade and investment, due to a buzzing port and its very well connected location, with rivers and canal systems reaching out to the midwest. Being China's largest city, Shanghai also houses on of the world's largest ports, due to its proximity to the Yangtze River Delta. London and the rest of the United Kingdom finally left the European Union on January 31st, 2020. The county seat of Loudoun is in Leesburg, where most administration activities take place. 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. There are 4,000 cities and towns in India. Tokyo is also a major center for banking and insurance, and is home to many multinational companies like Honda and Sony. 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. Greater Mumbai still is the most populated city in its 440 sq. The typical American household earns $57,617 per year. Lower down the list So, which cities are lower ranked than in previous years? 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. After their divorce, MacKenzie received a 4% stake in Amazon, which was worth about $35 billion at the time. Fortune 500 companies include Discovery Communications, Fannie Mae, Walmart and CACI International among others. India is the world's second-most populous country, with several large cities and densely inhabited areas. From Singapore To New York City, more than 26% of the worlds 2,095 billionaires live in just 10 cities on three continents. Chart. Some cities have some obvious billionaires that come to mind. Values soared as interest rates on loans went down in a sellers market, which made it tougher to find affordable properties. San Francisco also has the highest median household income in the country. 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 . The richest person in New York City is Bloomberg LP founder and former Mayor, $1 billion of his $48 billion fortune on a failed presidential campaign before dropping out in March to endorse Joe Biden. Rounding out the top three cities is Tokyo, with $2.5 trillion in private wealth. Moscow is also home to a population of "nouveau riche" Muscovites and prominent neighborhoods, with properties that can cost millions of dollars. Fortune 500 companies include Comcast, Colonial Penn, Sunoco, Aramark, CIGNA, Lincoln Financial Group, and more. London, United Kingdom: $978.402 Billion, 2. 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. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Its no surprise that its capital city of Damascus has maintained its position as the worlds cheapest city. In particular, the United States claims five of the cities in the top 10, including the very top spot with New York City. For the fourth straight year, Atherton topped Bloomberg's Richest Places annual index. Pune - Oxford Of The East. As such, you can see how anything affecting these shipping ports will have a negative impact on world wide supply chain logistics. 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. Interactive map The cannabis business is rather recent, but also encourages financial growth for the city. 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. Besides being a major educational hub and commercial space, Tokyo's economy relies on industries related to healthcare, communications, transportation, and real estate. 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. 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. Indian richest cities 2021. As soon as this statistic is updated, you will immediately be notified via e-mail. 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. 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. Ever since, San Francisco has remained a strong financial stronghold for the state of California. StartupTalky has compiled an exhaustive list of the top richest people in India for the year 2022. Besides thriving on industries related to finance, tourism, and media, London's wealth is also linked to the London Stock Exchange (LSE). New York is the wealthiest city in the worldhome to 345,600 millionaires with a total private wealth that exceeds $3 trillion. Dallas plays host to a variety of industries, and its these industries which are responsible for the economic growth of the Dallas metropolitan area. Today, with 272,400 millionaires, the city holds a more humble position. There are many benefits to living in an iconic city like New York or Singapore, but the amenities and exclusivity can come at a high cost. Four cities made the list for the first time: Blackhawk, California; New Albany, Ohio; Long Grove, Illinois; and Darnestown, Maryland. In the U.S., a few tax-friendly states like Texas and Florida became home to American companies moving their head offices there. Moreover, a portion of Beijing's rapid economic growth is the product of international investments, registering over 45,000 foreign-invested businesses in 2020. Europe comes in third with five cities, though only London makes into the top 10 portion of the ranking. According to the Hurun Global Rich List 2022, the leading city with the most billionaires in 2022 was Beijing. It goes without saying that due to its history tourism is a huge draw when it comes to obtaining revenue. At 89 years old, Warren Buffett is the oldest richest person by 5 years. Learn how your comment data is processed. The headquarters of several cities are also found in Tokyo, which include Honda, Sony, Hitachi, and Mitsubishi. In the latest edition of the ranking, North America has a strong showing with seven of the wealthiest cities, by number of millionaires. 6 and No. On this list, New York City was ranked as the richest city with a total of $3 trillion in private wealth. 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. The top 10. 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. She finds almost all topics she writes about interesting, but her favorite subjects are travel and food. The methodology of calculating GDP may differ between the studies and are widely based . Cities in the UAE became millionaire magnets, attracting over 4,000 millionaires in 2022. Houstons economy is diverse, from the worlds largest petrochemical manufacturing center to health care and medical research, real estate, finance, and information tech industries. 6 and No. Singapores richest resident, Zhang Yong, 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. He also praises the seafood, arts scene and welcoming atmosphere, though other critics call Seattle residents overly materialistic. 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. 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. Montgomery Street is considered the Wests Wall Street and is located in San Francisco. In order to recoup losses, in June of 2022, the city of Shanghai released a post-lockdown business recovery plan. 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. Which Countries Have the Lowest Inflation? For instance, Osaka is home to major electronics corporations like Sharp and Panasonic as well as pharmaceutical companies, food, retail and trading companies. Km. The Fortune 500 companies hosted by Boston include: State Street, Liberty Mutual Insurance, Gillette and General Electric. MacKenzie Scott is an American novelist and philanthropist. Fortune Global 500 companies housed in Moscow include Gazprom, Rosneft Oil and Sistema among others. Consumption of Fuel and Materials per Capita, Visualizing Chinas Dominance in Battery Manufacturing (2022-2027P), Mapped: The Population of Indias States Compared with Countries. It is home to 304,900 resident millionaires, making it the city with the second most millionaires in the world. Due to heavy investment into research and development, high-tech companies in Shenzen have consistent government support. The Top 5 Cities in Mexico in 2020. Where are the German and Chinese Cities? The billionaire's rank, nationality, and source of his or her wealth is listed. Five are new billionaires from the finance industry, including private equity wizards Tony Tamer and Steven Klinsky. Swift reportedly owns about $40 million worth of property in the area. the country's economy as a whole is one of the fastest growing in the world. Ian Lurie on Quora calls Seattle "one of the most beautiful U.S. cities you'll find, with lots of lakes, the bay, mountains and green stuff.". A big economic draw for San Francisco is its close proximity to Silicon Valley. Current Health Expenditure per Capita. Boston-Cambridge-Newton, Massachusetts. Top 10 Richest Asian Countries (2020 GDP, Int$ PPP - World Bank) China - $24.27 trillion; . 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. 9 last year. These initiatives include the Small Business Improvement Fund, the Chicago Recovery Grant, Special Service Area Program, Tax Increment Financing and more. 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. 9 last year. Major financial powerhouses in London include Canary Wharf, HSBC and Barclays. Among the top 10 richest economies, Ireland has the fastest-growing economy with 13.04%.
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