Tripoli and Tehran, the capitals of Libya and Iran, respectively, follow next on this list, reflecting their weakened economies. Those include Abhay Vakil, who heads Indias largest paint company, Asian Paints, and the Parekh brothers, who control adhesives and sealants maker Pidilite Industries. Its known as the mecca of tech innovation, and as a result, the region has a high concentration of wealthy individuals. The Top 15 Cities in Asia in 2020. Tourism not only pumps money into San Francisco's economy by way of tourist spending, it also offers a source of jobs in the city. Boasting a population of over 300,000 resident millionaires, Tokyo is also home to a dozen billionaires. Learn more about how Statista can support your business. This list is incomplete, as not all companies disclose their information to the general public. However, today it has moved on to other, more profitable economic interests such as finances, high tech and insurance, to name a few. Five are new billionaires from the finance industry, including private equity wizards Tony Tamer and Steven Klinsky. A paid subscription is required for full access. Hong Kong is once again the city with the second most billionaires in the world. Hong Kong remains No. 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. Toronto is the second largest financial center in North America, Like New York City, Torontos financial hub is populated by diverse industries. In 2022, the combined wealth of India's 100 richest increased by $25 billion to touch $800 billion. This may not be surprising, considering the U.S. is the world's largest wealth marketit holds over 29% of the world's wealth. Newcomers from other sectors also joined the ranks, including AI pioneer, Hong Kong remains No. By 900,. Top 10 Richest Cities in the World with Most Billionaires The collective net worth of the citys billionaires is $424 billion, down $45.7 billion from a year ago. Among the top 10 richest economies, Ireland has the fastest-growing economy with 13.04%. This northern Chinese city is not only a hub for luxury brands, it headquarters China's largest companies, many of which are considered in the Fortune Global 500. Source: Forbes Music: Beethoven 5th Symphony (Video) TOP 10 RICHEST CITIES In The World 2021 (Uncover) Which is the richest city in the world 2022? The United Nations uses three definitions for what constitutes a city, as not all cities may be classified using the same criteria. Mumbai gained one billionaire resident since 2019, losing five billionaires but adding six newcomers. MacKenzie Scott is an American novelist and philanthropist. Top 10 Richest Cities in the World - Luxatic Bloomberg: richest places in America - CNBC 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. From Singapore To New York City, more than 26% of the worlds 2,095 billionaires live in just 10 cities on three continents. 25 richest cities in the US: Does your metro area make the list? Leading cities with the most billionaires in 2022 [Graph]. Companies that have offices in Boston include BNY Mellon, Goldman Sachs and Microsoft. 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. Not surprisingly, China is home to three of these cities, including Hong Kong (SAR). A little known fact is that L.A. is the manufacturing center of the country. It is home to 304,900 resident millionaires, making it the city with the second most millionaires in the world. Air Cargo News Awards 2020. dnata wins again. 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. A big economic draw for San Francisco is its close proximity to Silicon Valley. Loudoun County. The methodology of calculating GDP may differ between the studies and are widely based . Visakhapatnam - Industrial Port Of India. 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. What is the top 10 richest city in the world? (2023) It is also home to Wall Street, the financial capital of the US and the world. Learn how your comment data is processed. In fact, Seoul is known as the most wired city in the world due to the high concentration of high-tech industries. RANKED: These Are The 50 Richest Towns To Live In The United States, 2020 Geneva, Switzerland - 17.92% Millionaires. Delhi City. Even though the city was riddled with the effects of the pandemic, Job growth occurred with another 5,700 jobs added. According to the Hurun Global Rich List 2022, the leading city with the most billionaires in 2022 was Beijing. Kicking off the list is the charming Italian city of Florence - which is kind of surprising. Cebu City: $660 million. 1. 25 Best Cities in the World to Visit: World's Best 2021 - Travel + Leisure The 30 Richest People in the World - Wealthy Gorilla 3. Palo Alto - $147,537 Florence, Italy - 2.59% Millionaires. 24/7 Wall Street reviewed income levels in 382 metropolitan . Furthermore, Tokyo owns 10% and close to 16% of Japan's officespace and workers, respectively. Top 10 Richest Cities in the World In terms of GDP rankings As a SEZ, businesses in the area receive special treatment in the form of tax benefits, which helps increase the GDP bottom line immensely. Richest Asian Countries 2023 - worldpopulationreview.com Caloocan City: $360 million. Dallas plays host to a variety of industries, and its these industries which are responsible for the economic growth of the Dallas metropolitan area. Beyonc, Jay Z and Taylor Swift are just a few of the celebrities who own property in Tribeca. Another industry that rains gobs of revenue on the City of London is the tourism industry with over 20 million visitors per year. Refer to sources for more information. Top 10 Richest Asian Countries (2020 GDP, Int$ PPP - World Bank) China - $24.27 trillion; . Being the largest city of the country, Mumbai is extensively . 30 in the index, a. Kolkata- GDP $150.1 Billion. 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. 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. Indian richest cities 2021. Gautam Shantilal Adani. Sweeping sunsets, desert landscape, and breathtaking canyonsthese are the things that most everyone think of when someone says Arizona. Basically, the metropolitan areas of Maastricht. It goes without saying that due to its history tourism is a huge draw when it comes to obtaining revenue. This city's success is due to its industrial and manufacturing activity, made up of a technology-savvy and highly skilled work force. Show publisher information Lets take a closer look at some of the top-ranking cities making the list. New York. China retains its title as the country with the most cities in the top 10, with Shenzhen moving up one spot to No. London City | Photo: Reuters 7. Some of them have topped the rankings for decades, while some others are less well-known. In fact, Delhi's population can beat Tokyo by 2028. 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. More than 80% of Russias, call its capital home, including mining mogul. This includes the burgeoning FinTech, or financial technology industries. These include three Indian cities, Tashkent in Uzbekistan, Almaty in Kazakhstan, Pakistans most populous city of Karachi, and Sri Lankan capitalColombo. When is it OK to Buy a House Site Unseen as an Investor? Other notable NYC billionaire residents include hip-hop superstar Jay-Z and Julia Koch, the widow of former Koch Industries magnate David Koch. As a Premium user you get access to background information and details about the release of this statistic. Historically speaking, Osaka has always been thought of as a major economic center of Japan. Other industries driving their economy are tech, tourism, and the service industries such as hospitality. Additionally, approximately 18% of Japan's universities are found in Tokyo. 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). The infographic above uses data from EIU to rank the world most and least expensive cities to live in. Founded in 1630, Boston is one of our countries oldest cities. 50 Richest Cities in the World | Ventured Top 10 richest cities in the world, according to Wealth-X - CNBC Beijing, China: $591.374 Billion Beijing is the capital of China and has a population of over 20 million. 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. Additionally, the world's major companies are headquartered in Seoul, which include Samsung, Hyundai, LG, and Kookmin Bank. As such when it comes to the richest cities in the world, New York City comes in at number 2. 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. With the onset of free-market reforms in the 1990s, Beijing saw its economic development soar. Fortune 500 companies located in the Rhine-Ruhr metropolitan area include: ThyssenKrupp AG, RWE AG, Bayer AG, Evonik Industries, among others. This statistic is not included in your account. China's capital city offers services in key sectors related to finance, information technology, scientific research, and industry. Although she spends most of her time writing, she also enjoys spending time with her husband and four children, watching films, cooking, dining out, reading, motorsports, gaming, and walking along the beach next to her house with her dog. In 2019, the Northern California city attracted 26.2 million visitors who spent around $10.3 billion USD in the city. Loudoun County is located in the Commonwealth Virginia, with a population of 375,000 people. However, invading a sovereign nation had its consequences, and Russias entire economy is in a state of disrepair. Major sectors there include: real estate and fund management. Here are the Top 10 Richest Places in America and how they split their Heroes Act bailout allocation: #1. Top 5 Most Populated Cities in the World - NCERT Books Home to 12 Fortune 500 companies, the city of Philly is Pennsylvanias financial hub. 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. 1. Its also host to the headquarters of around 75 percent of the worlds Fortune 500 companies. Among Singapores newcomers are gaming tycoons, , cofounders of the online gaming and e-commerce firm Sea; both industries have. Taguig City: $480 million. City Mayors: Richest cities in the world in 2020 by GDP UAE in Top 20. This infographic uses information from the Henley Global Citizens Report, in partnership with New World Wealth, to rank the worlds wealthiest cities. Top 50 Richest People in the World (2020) | Top Richest In fact, Tokyo plays host to the top money-building organizations and minds anywhere on Earth. A good part of their revenue comes from their port, which is the largest container port in the world. Let's consider New York City. Cities may be defined as the cities proper, the extent of their urban area, or their metropolitan regions. The Top 5 Cities in Mexico in 2020. Unlike so many other cities bending under the weight of a post-pandemic world, Houstons economy hs gotten stronger. 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, . 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. 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 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. Shanghai. 1. The Chinese capitals tally of ten-figure-fortunes rose by six since last year to reach 67 billionaires. 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. In order to recoup losses, in June of 2022, the city of Shanghai released a post-lockdown business recovery plan. Before the Ukraine invasion, Moscow was the economic hub of Russia. 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. Here are the 10 leading cities for the wealthy for 2019. In some U.S. cities, however, more than half of all households earn $70,000-plus. 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. Hurun Research Institute. Industries critical for L.A.s economic success include entertainment, international trade, gaming, tourism, fashion and more. Lower down the list So, which cities are lower ranked than in previous years? In fact, the average annualy income in these neighborhoods is typically over 100,000. The city contributes about 30% of goods sold in Russia. In fact, such diversity plays well in times of economic hardship, which includes the recent downturn caused by the pandemic. Looking to the future, companies and high-net-worth individuals will inevitably move where they are treated best.