Home to about 393,000 millionaires, Seoul's economy is rooted in manufacturing, financial services, and transportation. Sweeping sunsets, desert landscape, and breathtaking canyonsthese are the things that most everyone think of when someone says Arizona. statistic alerts) please log in with your personal account. Keep in mind that state-owned corporations in China get tremendous government support no matter what the economic conditions, even Global 500 companies like SAIC Motor and China National Petroleum. Gautam Shantilal Adani. 10. Organisation for Economic Co-operation and Development, List of most expensive cities for expatriate employees, List of country subdivisions by GDP over 200 billion US dollars, "Gross Domestic Product: Implicit Price Deflator", "Standard country or area codes for statistical use (M49): Geographic Regions", "Global Wealth GDP Nominal Distribution: Who Are The Leaders Of The Global Economy? In particular, the United States claims five of the cities in the top 10, including the very top spot with New York City. Chicago, which serves as the home base for 35 Fortune 500 companies, is home to 160,100 millionaires, 340 centimillionaires and 28 . 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. The city employs 36,000 people and is home to some 75, 00 people. Penthouses in the 30 Park Place complex are currently listed for 10 times as much. 1. The Shenzhen Special Economic Zone was created in May of 1980 and is based on Irelands Shannon Free Zone. 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. 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. San Francisco also has the highest median household income in the country. Liz Flynn has worked as a full-time writer since 2010 after leaving a career in education. Most such agglomerations are economically, socially and culturally dominated by one city at their centre. 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. + - Leaflet | Tiles OpenMapTiles | Data OpenStreetMap contributors Income distibution for all U.S. cities Beijing is the capital of China and has a population of over 20 million. American retail corporation Walmart has been the world's largest company by revenue since 2014. Adding to the diversity are biotech companies and information technologies. This site uses Akismet to reduce spam. Los Angeles, Chicago and Houston round out the top five. Its no surprise to anyone that a good chunk of the Paris economy is the tourist trade. London has been the worlds wealthiest city for years, but over the past decade there has been an outflow of millionaires. Currently, 43 Fortune 500 companies that call New York City home include: Verizon, JP Morgan, Pfizer, Citigroup, MetLife, Goldman Sachs, Morgan Stanley, and more. 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. Here are the 10 cities in the world with the most billionaires: New York City notched the top spot for the sixth year running, growing its count of billionaire city dwellers by eight compared to 2019. Four cities made the list for the first time: Blackhawk, California; New Albany, Ohio; Long Grove, Illinois; and Darnestown, Maryland. The decade-long conflict in Syria weakened the Syrian pound, led to a spiraling inflation and fuel shortages, and further collapsed its economy. Dublin is the wealthiest city, with a per capita income of $115,094. As a Premium user you get access to background information and details about the release of this statistic. 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. Fortune 500 companies include Discovery Communications, Fannie Mae, Walmart and CACI International among others. Standing as Russia's capital for centuries, the country's national wealth has been building in Moscow since the 1990s after the fall of the Soviet Union. - Full Size", "Gross domestic product (GDP) at basic prices, by census metropolitan area (CMA)", "Population estimates, July 1, by census metropolitan area and census agglomeration, 2016 boundaries", "Population on 1 January by age groups and sex - functional urban areas", "President: Almaty turns into large regional investment attractive centre", "Posio ocupada pelos maiores municpios brasileiros em relao ao Produto Interno Bruto, Est. The infographic above uses data from EIU to rank the world most and least expensive cities to live in. 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. Much like Shanghai, Beijing enjoys a reputation as one of the Asia's (and the world's) wealthiest cities. Major sectors there include: real estate and fund management. Besides thriving on industries related to finance, tourism, and media, London's wealth is also linked to the London Stock Exchange (LSE). The TYO encompasses over 3,700 listed companies and a market value estimated at JPY 600 trillion (or approximately $42 billion USD). Though still bruised and battered by the effects of the pandemic, New York City is holding true to its reputation as a tough and resourceful city. 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. Many cities in India are densely inhabited, trade between them has improved, and transportation systems have been modernized. Other profitable sectors include information technology, medical technology, retail, financial and legal sectors. New York's richest resident, 476 Washington Avenue, former mayor Michael Bloomberg, has a net worth of $45 billion, making him one . Profit from the additional features of your individual account. Tokyo may not be as wealthy as New York, but this megacity remains one of the richest cities in Asia. A big economic draw for San Francisco is its close proximity to Silicon Valley. Register in seconds and access exclusive features. 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. Looking to the future, companies and high-net-worth individuals will inevitably move where they are treated best. Here are the 10 leading cities for the wealthy for 2019. Some cities have some obvious billionaires that come to mind. As a Premium user you get access to the detailed source references and background information about this statistic. You need a Statista Account for unlimited access. And for the sixth year in a row, more billionaires call New York City home than any other city in the world. Hong Kong is once again the city with the second most billionaires in the world. 4, respectively. Learn more about how Statista can support your business. By 2025, the city's GDP would have [] Mapped: Which Countries Have the Highest Inflation? For example, Moscow's rich neighborhoods like Rublyovka contain private houses that can cost up to $60 to $80 million! 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. 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. (Video) TOP 10 RICHEST CITIES In The World 2021 (Uncover) Which is the richest city in the world 2022? This may not be surprising, considering the U.S. is the world's largest wealth marketit holds over 29% of the world's wealth. It goes without saying that due to its history tourism is a huge draw when it comes to obtaining revenue. Rounding out the top three cities is Tokyo, with $2.5 trillion in private wealth. March 17, 2022. According to various estimates, the Japanese capital is home to 13.1 to 13.7 million people. Visakhapatnam - Industrial Port Of India. 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. As of March 2023, MacKenzie Scott's net worth is estimated to be $33.3billion. Kolkata is the third richest city in South Asia after Mumbai and Delhi. Which Countries Have the Lowest Inflation? In fact, such diversity plays well in times of economic hardship, which includes the recent downturn caused by the pandemic. Consumption of Fuel and Materials per Capita, Visualizing Chinas Dominance in Battery Manufacturing (2022-2027P), Mapped: The Population of Indias States Compared with Countries. Makati City: $4.48 billion. Tokyo is the most fascinating city to live in but also the most densely packed. 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. Till 2030, Tokyo city will project to be the top-most populated city on earth. 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 . Its no surprise that its capital city of Damascus has maintained its position as the worlds cheapest city. In 2020, New York had the largest number of ultra wealthy individuals (UHNW), reaching 11,475 people. Various lists of the richest families in the world (excluding royal families or autocratic ruling dynasties) are published internationally, by Forbes as well as other business magazines.. 2. Its wealthiest resident, , chairman and CEO of Internet media behemoth Tencent Holdings, is the, . 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. The collective net worth of the citys billionaires is $424 billion, down $45.7 billion from a year ago. 27. Caloocan City: $360 million. 1. I cover the world's richest people and how they made their billions. "The Sy siblings took the biggest hit in dollar terms but remain at No. One dropoff is Rajan Raheja, a member of the citys Raheja real estate clan, who was worth an estimated $2.3 billion last year. GM was the best-performing automobile company in the 20th century but has still maintained a top position among the wealthiest car manufacturers. 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. The country is entirely landlocked and is surrounded by Rwanda, Tanzania, and the Democratic Republic of Congo. As soon as this statistic is updated, you will immediately be notified via e-mail. By 900,. - 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. "Leading cities with the most billionaires in 2022." (March 17, 2022). The top ten richest cities in the world based on private wealth include: 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. Additionally, the citys real estate market is known for being expensive, with sky-high property values and rents. The list of top 50 richest football clubs in the world ranked by Forbes have been revealed. This statistic is not included in your account. New Delhi- GDP $293.6 Billion. The city of rich historical, cultural, political and social significance, New Delhi, ranks second on this list with a GDP of $293.6 billion. 4. 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. Since 1949, Beijing was considered one of China's most industrial cities. Moscow is also home to a population of "nouveau riche" Muscovites and prominent neighborhoods, with properties that can cost millions of dollars. The wealthy city-state has 31 billionaire residents, up from 22 last year, and replaces Seoul in the top 10. The Richest Cities are shown below, based on GDP (Gross Domestic Product) data from 2011. 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. 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. Out of the 2,095 members of the 2020 Forbes Worlds Billionaires list, 552 live in just ten cities. 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. Foreign corporations such as IBM, Nestle, Hewlett-Packard and more flooded Beijing, causing a rapid economic expansion.
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