New York City, USA: $1,330.000 Billion. Being a world-class city that attracts prominent figures in the tech industry, San Francisco is one of California's most popular (and richest) cities. Once considered a major shipping hub to the world, that distinction has been replaced by the service industries, such as financial services. Loudoun County is located in the Commonwealth Virginia, with a population of 375,000 people. For instance, Osaka is home to major electronics corporations like Sharp and Panasonic as well as pharmaceutical companies, food, retail and trading companies. + - Leaflet | Tiles OpenMapTiles | Data OpenStreetMap contributors Income distibution for all U.S. cities Dubai in top 10. For instance, billionaires like Zhang Yiming, founder of TikTok, calls the capital city home (with a net worth of about $35.6 billion USD)! China retains its title as the country with the most cities in the top 10, with Shenzhen moving up one spot to No. Adding to the diversity are biotech companies and information technologies. 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. 6 and No. Well-known corporations that reside in SEZ are Tencent, Huawei and DJI. 4, respectively. Consumption of Fuel and Materials per Capita, Visualizing Chinas Dominance in Battery Manufacturing (2022-2027P), Mapped: The Population of Indias States Compared with Countries. These include three Indian cities, Tashkent in Uzbekistan, Almaty in Kazakhstan, Pakistans most populous city of Karachi, and Sri Lankan capitalColombo. San Francisco also has the highest median household income in the country. - Mappe, Popolazione, Statistiche Demografiche dell'ISTAT", "Total Real Gross Domestic Product for Wichita, KS (MSA)", "Population estimates by selected Non-ABS Structures, 2010-2020", "China: Gungdng (Prefectures, Cities, Districts and Counties) - Population Statistics, Charts and Map", https://en.wikipedia.org/w/index.php?title=List_of_cities_by_GDP&oldid=1142520927, This page was last edited on 2 March 2023, at 21:41. Montgomery Street is considered the Wests Wall Street and is located in San Francisco. The list of top 50 richest football clubs in the world ranked by Forbes have been revealed. However, today it has moved on to other, more profitable economic interests such as finances, high tech and insurance, to name a few. In 2019, the Northern California city attracted 26.2 million visitors who spent around $10.3 billion USD in the city. This international city is also attractive to domestic and foreign investors alike. Tokyo has 39 million residents which are 50% more than any other urban area of the world. Much like Shanghai, Beijing enjoys a reputation as one of the Asia's (and the world's) wealthiest cities. the country's economy as a whole is one of the fastest growing in 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. Meanwhile, Barcelona dropped to No. , a member of the citys Raheja real estate clan, who was worth an estimated $2.3 billion last year. 1. Los Angeles, Chicago and Houston round out the top five. 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 . Tokyo's wealth is also tied to the Tokyo Stock Exchange (TYO), regarded as one of the largest stock exchanges in the world. Major sectors there include: real estate and fund management. This large metropolitan area has a history of being the hub of Germanys heavy industry sector. . Greater Mumbai still is the most populated city in its 440 sq. The richest person in New York City is Bloomberg LP founder and former Mayor Michael Bloomberg, who spent nearly $1 billion of his $48 billion fortune on a failed presidential campaign before dropping out in March to endorse Joe Biden. Dallas plays host to a variety of industries, and its these industries which are responsible for the economic growth of the Dallas metropolitan area. Fortune Global 500 companies in Tokyo include: Honda Motors, Hitachi, Sony, Mitsubishi and more. The company currently focuses on its four core brands: Cadillac, Chevrolet, GMC and Buick. Tokyo, Japan- GDP: $1,520 billion. The current state of the Moscow economy isnt as bright as it was earlier in the year due to sanctions. 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. Indian richest cities 2021. (Video) TOP 10 RICHEST CITIES In The World 2021 (Uncover) Which is the richest city in the world 2022? Business Solutions including all features. 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. Most such agglomerations are economically, socially and culturally dominated by one city at their centre. $520.1. Top 10 Poorest Countries In The World 1. New York is the wealthiest city in the worldhome to 345,600 millionaires with a total private wealth that exceeds $3 trillion. Singapore broke into the top 10, replacing Seoul, which was No. London is ranked second with $2.7 billion in private wealth. Otherwise, Los Angeles enjoys wealth from other industries related to biosciences, trade, information, transportation, and aerospace. City of Clayton -$146,225. Palo Alto - $147,537 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. 29. Cities in the UAE became millionaire magnets, attracting over 4,000 millionaires in 2022. More than 80% of Russias billionaires call its capital home, including mining mogul Vladimir Potanin, who is also the richest person in the nation. London: 63 Billionaires Since Last Year: +7 Total Net Worth: $316.1 Billion Richest Resident: Len Blavatnik, $32 Billion The Shenzhen Special Economic Zone was created in May of 1980 and is based on Irelands Shannon Free Zone. A little known fact is that L.A. is the manufacturing center of the country. . Furthermore, 121. 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. By 500 A.D., Constantinople modern-day Istanbul was home to about half a million people (it's now the fourth-largest city on the planet). Liz Flynn has worked as a full-time writer since 2010 after leaving a career in education. Foreign corporations such as IBM, Nestle, Hewlett-Packard and more flooded Beijing, causing a rapid economic expansion. Beijing, China: $591.374 Billion Beijing is the capital of China and has a population of over 20 million. 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 . March 17, 2022. These industries include manufacturing, energy, information tech, finances, telecommunications, education, and telecommunications. Due to heavy investment into research and development, high-tech companies in Shenzen have consistent government support. As such when it comes to the richest cities in the world, New York City comes in at number 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. However, invading a sovereign nation had its consequences, and Russias entire economy is in a state of disrepair. Which cities and regions have the biggest concentrations of millionaires around the world, each with a net worth greater than $1 million (USD)? Their net worth is based on the data from 2022 available on their respective Forbes profiles. 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. 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. Till 2030, Tokyo city will project to be the top-most populated city on earth. It had about 2,000 inhabitants at the time. Five are new billionaires from the finance industry, including private equity wizards Tony Tamer and Steven Klinsky. New York City: 107 Billionaires. Richest Cities in the World. As a Premium user you get access to the detailed source references and background information about this statistic. Media mogul turned politician Michael Bloomberg, founder of Bloomberg, is the . 1. Beijing also has the dubious distinction of being the knock-off capital of the world. While Shenzhens export-led manufacturers have. 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. Washington, D.C.. Finally, Oceania has two cities on the list, both located in Australia. 20 Cities with the Worst Weather in the U.S. How Eiza Gonzalez Achieved a Net Worth of $5 Million. The Top 5 Cities in Mexico. Once a leader in the manufacturing industry, that industry has been bowing to more modern industries like high tech, financial services and electronics. Richest Resident: Colin Zheng Huang, $55.3 Billion Shanghai remained at number six despite adding 18 new billionaires and Colin Zheng Huang is the richest resident of the city. He is popularly known for his role as Madea on House of Payne. area followed by Delhi, Kolkata, Bangalore and Chennai. 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. Everything from financial services, fashion, digital media, the food/beverage industry and tech found a home in Toronto. 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. 1. Mumbai - City Of Dreams. 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). In pre-Covid times, Chicago clocked round 55 million tourists in 2017. The billionaire's rank, nationality, and source of his or her wealth is listed. Furthermore, Los Angeles' wealth is also tied to its appeal to immigrants and innovative companies involved in information and technology. 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. New York, U.S . NYC has held the title of the wealthiest city in the world for many decades now, housing around 59 billionaires and a whopping 345,600 millionaires! The richest cities in the world are determined by their gross domestic product, or GDP.
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