To use individual functions (e.g., mark statistics as favourites, set A huge part of this development was the influx of multi-national corporations. American retail corporation Walmart has been the world's largest company by revenue since 2014. Kuwait (-4) will be the worst loser, followed by The Bahamas (-3) and Iceland (-3). 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. In pre-Covid times, Chicago clocked round 55 million tourists in 2017. Chinese energy giants State Grid, China National Petroleum, and Sinopec rounded out the top five. Among the top 50 economies having the highest gdp per capita, Macao SAR . Visualizing the Global Share of U.S. Stock Markets. Profit from the additional features of your individual account. Loudoun County. To make the list, the EIU examines 400+ prices for over 200 products and services in 172 cities, surveying a variety of businesses to track price fluctuations over the last year. 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. Leading cities with the most billionaires in 2022 [Graph]. Its been rapidly replaced by information tech and financial services. He worked to revolutionize transportation on earth. Kolkata- GDP $150.1 Billion. In detail, 144 billionaires resided in the capital of China. The USA is the only country with a large surface area and population among the highest-ranking nations, ranking eleventh. A paid subscription is required for full access. Chart. The Shenzhen Special Economic Zone or SEZ is an important business and financial services center in China. Please do not hesitate to contact me. Europe comes in third with five cities, though only London makes into the top 10 portion of the ranking. Fortune 500 companies include Discovery Communications, Fannie Mae, Walmart and CACI International among others. He is popularly known for his role as Madea on House of Payne. 1 with $13.9 billion. Industries that have found success in the city include food processing, manufacturing, publishing, insurance and tourism. But what are the fastest growing cities for the rich? Sy Siblings Still at Top. These four cities are, Singapore broke into the top 10, replacing Seoul, which was No. It goes without saying that due to its history tourism is a huge draw when it comes to obtaining revenue. All maps, graphics, flags, photos and original descriptions 2023 worldatlas.com, The World's Most Populated Capital Cities. Additionally, approximately 18% of Japan's universities are found in Tokyo. The Big Smoke is no stranger to economic prosperity. Surprisingly, this is the Big Apples first time atop the ranking. - 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. In 2019, San Francisco's tourism industry resulted in 86,111 jobs. As a Premium user you get access to the detailed source references and background information about this statistic. Barcelona, Spain Rome, Italy Madrid, Spain Singapore, Singapore Amsterdam, Netherlands Prague, Czech Los Angeles, USA Chicago, USA San Francisco, USA Berlin, Germany Hong Kong, China Washington, USA Beijing, China Dublin, Ireland Istanbul, Trkiye Las Vegas, USA Milan, Italy Budapest, Hungary Toronto, Canada Sydney, Australia Seoul, South Korea 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. Everything from financial services, fashion, digital media, the food/beverage industry and tech found a home in Toronto. Elon Musk Elon Musk is a South African-born Canadian-American businessman, investor & the richest person in the world. The metropolitan area of Rhine-Ruhr is divided into 3 regions, and each region contributes to the GDP of the entire Rhine-Ruhr metropolitan area. Air Cargo News Awards 2020. dnata wins again. Km. London and the rest of the United Kingdom finally left the European Union on January 31st, 2020. Photo: @Kim Kardashian West. Cairo Cairo Pyramids Hotel - Cairo, Egypt (photo: Marriott) ADVERTISEMENT Located along the Nile River, Cairo is one of the. City employment is driven by AT & T, Walgreens, Abbott Labs, the CTA, Walmart and Allstate Insurance, among others. 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. Indian richest cities 2021. More than 80% of Russias billionaires call its capital home, including mining mogul Vladimir Potanin, who is also the richest person in the nation. Moreover, a portion of Beijing's rapid economic growth is the product of international investments, registering over 45,000 foreign-invested businesses in 2020. 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. We added hundreds of new lists - see our top 101 city lists. MacKenzie Scott is an American novelist and philanthropist. Finally, London hosts some of the most prominent Fortune Global 500 companies such as Lloyds Banking Group, Prudential, J Sainsbury, BP, Tesco and Vodafone Group, among others. The TYO encompasses over 3,700 listed companies and a market value estimated at JPY 600 trillion (or approximately $42 billion USD). Other industries driving their economy are tech, tourism, and the service industries such as hospitality. 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. 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. In 2020, New York had the largest number of ultra wealthy individuals (UHNW), reaching 11,475 people. 1. While Shenzhens export-led manufacturers have. Meanwhile, seven cities in Asia with the common denominator of high-income inequality and low wages dominate the list of the worlds cheapest cities. The median home value for the lower Tribeca area is around $2.5 million. 24/7 Wall Street reviewed income levels in 382 metropolitan . Industries critical for L.A.s economic success include entertainment, international trade, gaming, tourism, fashion and more. 30 in the index, a. Gautam Shantilal Adani. "Leading cities with the most billionaires in 2022." Once a leader in the manufacturing industry, that industry has been bowing to more modern industries like high tech, financial services and electronics. Property prices fell 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 newcomer real estate developer Lun Ruixiang. Being China's largest city, Shanghai also houses on of the world's largest ports, due to its proximity to the Yangtze River Delta. The country is entirely landlocked and is surrounded by Rwanda, Tanzania, and the Democratic Republic of Congo. Other profitable sectors include information technology, medical technology, retail, financial and legal sectors. 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! In total, these 30 people control. The Top 5 Cities in Mexico in 2020. The PPP is a way to meaure prices in different countries (and ultimate convert between currencies), based on the equal amount of goods and services that can be bought. Kolkata is the financial, commercial and industrial hub of the North East region. Furthermore, the Big Apple was also a popular destination for entrepreneurs and innovative businesses, furthering its reputation as a financially-savvy city. Mumbai gained one billionaire resident since 2019, losing five billionaires but adding six newcomers. 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. Its also host to the headquarters of around 75 percent of the worlds Fortune 500 companies. It had about 2,000 inhabitants at the time. Singapore is home to 249,800 millionaires making it the second richest city in Asia after Tokyo. On this list, New York City was ranked as the richest city with a total of $3 trillion in private wealth. London: 63 Billionaires Since Last Year: +7 Total Net Worth: $316.1 Billion Richest Resident: Len Blavatnik, $32 Billion Tourism is another major contributor to the economy of Philadelphia. For the first time, revenues from Global 500 companies in Greater China (including Taiwan). 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? Among Singapores newcomers are gaming tycoons, , cofounders of the online gaming and e-commerce firm Sea; both industries have. It checks all the boxes when it comes to being an economically successful place: physical connectedness (ports, rivers, public transporatation), investment opportunities (access to venture capital), and attracting a crowd of skilled individuals from around the globe, nurturing a culture of innovation. Let me take you through the updated list of the World's richest cities as of 2022. 2. Fortune Global 500 companies in Tokyo include: Honda Motors, Hitachi, Sony, Mitsubishi and more. What is the Cost of Living in New Hampshire? Montgomery Street is considered the Wests Wall Street and is located in San Francisco. Palo Alto - $147,537 When Covid struck, global traveling came to a halt, and for a while Macao even slipped out of the 10 richest nations ranking. Top 10 Poorest Countries In The World 1. The Rhine-Ruhr metropolitan area is the economic power house of Germany. Loudoun County is the richest county in the USA, with an estimated average household income of $ 117,876. Ever since, San Francisco has remained a strong financial stronghold for the state of California. Beijing's richest billionaire is the founder of TikTok (among other things), Zhang Yiming with a net worth of $35.6 billion. 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. 1. 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 four cities that made the top 50 in 2019 but did not make . This video will compare the top 50 richest people in the world by net worth in 2020. But the Nations Valentine has so much more to offer. Boasting a population of over 300,000 resident millionaires, Tokyo is also home to a dozen billionaires. China retains its title as the country with the most cities in the top 10, with Shenzhen moving up one spot to No. On a related note, there is a sizeable population of secondary homeowners in London. Makati City: $4.48 billion. Another crucial element is the neighborhood of Zhongguancun. 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. This international city is also attractive to domestic and foreign investors alike. Beijing also has the dubious distinction of being the knock-off capital of the world. U.S. Inflation: How Much Have Prices Increased? Boston-Cambridge-Newton, Massachusetts. The decade-long conflict in Syria weakened the Syrian pound, led to a spiraling inflation and fuel shortages, and further collapsed its economy. 12. Frankfurt in Germany is the second richest city after Dublin with an income of $102,941 per capita. 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. She finds almost all topics she writes about interesting, but her favorite subjects are travel and food. The San Francisco Bay Area boasts 276,400 millionaires. Both these cities had high inflation and a strong currency. Home to both invention and innovation, animes, mangas and of course, robots, Tokyo is known as the financial center of the world. Besides being a major educational hub and commercial space, Tokyo's economy relies on industries related to healthcare, communications, transportation, and real estate. 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. The richest country in the world is Luxembourg. Beijing is the capital of China and has a population of over 20 million. Pasig City: $710 million. 27. 50 Richest Countries in the World 2020. Manila: $790 million. If we're looking at cities in terms of total wealth, then the Big Apple leads the pack by a country mile. Additionally, factors such as taxes, transportation costs, and availability of goods and services can also contribute to the overall cost of living in global cities. Cities in the UAE became millionaire magnets, attracting over 4,000 millionaires in 2022. Home to about 393,000 millionaires, Seoul's economy is rooted in manufacturing, financial services, and transportation. Out of the 2,095 members of the 2020 Forbes Worlds Billionaires list, 552 live in just ten cities. Founded in 1630, Boston is one of our countries oldest cities. Major financial powerhouses in London include Canary Wharf, HSBC and Barclays. The Top 15 Cities in Asia in 2020. The cannabis business is rather recent, but also encourages financial growth for the city. 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. 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. "The Sy siblings took the biggest hit in dollar terms but remain at No. At 89 years old, Warren Buffett is the oldest richest person by 5 years. L.A. is also abuzz with development projects, such as refurbishing businesses like Manns Chinese Theater, as well as infrastructure projects. London and the rest of the United Kingdom finally left the European Union on January 31st, 2020. 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. 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, . [3] List [ edit] Florence, Italy - 2.59% Millionaires. At its peak, General Motors enjoyed a 50% market share in the United States. Fortune 500 companies located in the Rhine-Ruhr metropolitan area include: ThyssenKrupp AG, RWE AG, Bayer AG, Evonik Industries, among others. Tripoli and Tehran, the capitals of Libya and Iran, respectively, follow next on this list, reflecting their weakened economies. New York City, USA: $1,330.000 Billion. 1.Tokyo, Japan (GDP - $1,520 billion) The richest city in the world in 2022 is Tokyo. 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. 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. 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. Image Source. Standing as one of Russia's largest industrial and financial centre, much of the country's wealth is still tied to this capital city. 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. 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. 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. 3. In fact, London is one of the chief financial centers of the world. 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. , a member of the citys Raheja real estate clan, who was worth an estimated $2.3 billion last year. San Francisco also relishes in its reputation as the sixth largest economy in the US. This included plans of action to assist with rent, taxes, business subsidies and more. A little known fact is that L.A. is the manufacturing center of the country. Liz Flynn has worked as a full-time writer since 2010 after leaving a career in education.

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