top 50 richest cities in the world 2020

This is a list of cities in the world by gross domestic product (GDP). area followed by Delhi, Kolkata, Bangalore and Chennai. On a related note, there is a sizeable population of secondary homeowners in London. Liz loves the process of researching information, learning new things, and putting into words what others who share her interests might like to read. Rounding out the top three cities is Tokyo, with $2.5 trillion in private wealth. Fortune 500 companies located in the Rhine-Ruhr metropolitan area include: ThyssenKrupp AG, RWE AG, Bayer AG, Evonik Industries, among others. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Elon Musk Elon Musk is a South African-born Canadian-American businessman, investor & the richest person in the world. "Leading Cities with The Most Billionaires in 2022. In the latest edition of the ranking, North America has a strong showing with seven of the wealthiest cities, by number of millionaires. The wealthy city-state has 31 billionaire residents, up from 22 last year, and replaces Seoul in the top 10. Register in seconds and access exclusive features. 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. Due to heavy investment into research and development, high-tech companies in Shenzen have consistent government support. Kolkata is the financial, commercial and industrial hub of the North East region. 11. Washington, District of Columbia: $578.985 Billion, 4. These industries include manufacturing, energy, information tech, finances, telecommunications, education, and telecommunications. The richest cities in the world are determined by their gross domestic product, or GDP. The TYO encompasses over 3,700 listed companies and a market value estimated at JPY 600 trillion (or approximately $42 billion USD). However, its also a city steeped in industry. Media mogul turned politician Michael Bloomberg, founder of Bloomberg, is the . - 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. San Francisco has a rich economic history,,one that includes the wealth generated by the California Gold Rush. In the past, manufacturing was seen as a booming sector in Shanghai, but lately its slowed and is being replaced by financial services, trade, information tech, real estate and commerce, among others. It had about 2,000 inhabitants at the time. China is crucial to the worlds supply chain, and Shenzhens container port is one of the largest. Pune - Oxford Of The East. Kicking off the list is the charming Italian city of Florence - which is kind of surprising. New York's richest resident, 476 Washington Avenue, former mayor Michael Bloomberg, has a net worth of $45 billion, making him one . 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. 1. Mumbai gained one billionaire resident since 2019, losing five billionaires but adding six newcomers. Newcomers from other sectors also joined the ranks, including AI pioneer, Hong Kong remains No. He is worth $1 billion, becoming the richest actor in the world. In terms of asset management, FinTech, and ESG investment, Tokyos continued growth as the worlds most foremost economies appears secured. Are you interested in testing our business solutions? Foreign corporations such as IBM, Nestle, Hewlett-Packard and more flooded Beijing, causing a rapid economic expansion. 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. How does a city become one of the wealthiest in the world? Kuwait (-4) will be the worst loser, followed by The Bahamas (-3) and Iceland (-3). U.S. Inflation: How Much Have Prices Increased? to incorporate the statistic into your presentation at any time. By examining a cities GDP, we can get a good idea of its industries and how they contribute to the overall economic growth. 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. Km. Loudoun County is located in the Commonwealth Virginia, with a population of 375,000 people. 27. Available: https://www.statista.com/statistics/299494/billionaires-top-cities/, Leading cities with the most billionaires in 2022, Available to download in PNG, PDF, XLS format, Global billionaire population by region 20121, Growth of billionaire wealth globally 2020, by industry, Age distribution of billionaires globally 2021, Value added to the wealth of the world's leading billionaires during pandemic 2021, Number of billionaires worldwide by wealth source 2021, Wealth distribution of billionaires around the world 2021, Total wealth distribution of billionaires around the world 2021, Share of the global wealth held by the richest percent 2010-2021, Distribution of billionaires worldwide 2021, by gender, Youngest billionaires globally 2022, by net worth, Richest self-made women in the United States 2022, based on net worth, Distribution of billionaires in the U.S. by gender 2022, Source of billionaire's wealth worldwide in 2020, by gender, Number of ultra high net worth individuals 2021, by region, Ultra high net worth individuals 2021, by country, Share of the world's billionaires by region 2021, Number of billionaires in Europe in 2021, by country, Wealth of billionaires around the world by region 2021, Primary industries of billionaires worldwide 2021, Breakdown of the average billionaire's wealth worldwide 2021, by assets, Most affluent people in the tech industry worldwide 2022, by net worth, Countries with the biggest emigration of millionaires 2020, Average net worth of billionaires worldwide, 2013, Top 10 countries by average wealth of billionaires 2013, Top 10 countries by the number of billionaires per capita 2013, African cities with the most billionaires, as of 2014, Educational attainment of billionaires worldwide, 2013, Number of billionaires in Africa 2013, by country, Gender distribution of billionaires worldwide, 2013, Top 10 countries by percentage of female billionaires 2014, Average number of children of billionaires worldwide, 2013, Marital status of billionaires worldwide, 2013, Source of billionaire's wealth worldwide, 2013, Average age of billionaires worldwide, 2013, Number of billionaires in select European cities 2014-2018, Top 10 countries by the percentage of female billionaires 2013, Investments of high-net-worth individuals, Find your information in our database containing over 20,000 reports, the most significant industries in the global billionaire production line. The Top 5 Cities in Mexico in 2020. Looking to the future, companies and high-net-worth individuals will inevitably move where they are treated best. Makati City: $4.48 billion. Then you can access your favorite statistics via the star in the header. Tokyo may not be as wealthy as New York, but this megacity remains one of the richest cities in Asia. Aside from establishing the NYSE in the early 19th century (formerly known as the New York Stock and Exchange Board), the city was set in a convenient location for trading, due its proximity to the Hudson River and the Great Lakes. 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. Besides being a major educational hub and commercial space, Tokyo's economy relies on industries related to healthcare, communications, transportation, and real estate. 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. Industries that contribute to New York Citys economy are health care, tourism, real estate, tech, publishing, fashion, media and insurance, among others. These four cities are, Singapore broke into the top 10, replacing Seoul, which was No. 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.. Companies that have offices in Boston include BNY Mellon, Goldman Sachs and Microsoft. To this day, Macao is the only country on the list whose per-capita purchasing power is lower than it was before the start of the pandemicabout $125,000 in 2019, down by $40,000 today. The cannabis business is rather recent, but also encourages financial growth for the city. Chicago, which serves as the home base for 35 Fortune 500 companies, is home to 160,100 millionaires, 340 centimillionaires and 28 . Most affluent women worldwide 2022, by net worth, Worldwide wealth distribution by net worth of individuals 2021, Countries with the highest wealth per adult 2021. 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). A huge part of this development was the influx of multi-national corporations. Otherwise, Los Angeles enjoys wealth from other industries related to biosciences, trade, information, transportation, and aerospace. 2 on the list, but the city recorded a net loss of eight billionaire residents. Tokyo's wealth is also tied to the Tokyo Stock Exchange (TYO), regarded as one of the largest stock exchanges in the world. 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. Most such agglomerations are economically, socially and culturally dominated by one city at their centre. Beijing's richest billionaire is the founder of TikTok (among other things), Zhang Yiming with a net worth of $35.6 billion. In 2019, San Francisco's tourism industry resulted in 86,111 jobs. 7 and Shanghai and Beijing staying flat at No. Currently, 43 Fortune 500 companies that call New York City home include: Verizon, JP Morgan, Pfizer, Citigroup, MetLife, Goldman Sachs, Morgan Stanley, and more. These initiatives include the Small Business Improvement Fund, the Chicago Recovery Grant, Special Service Area Program, Tax Increment Financing and more. Ever since, San Francisco has remained a strong financial stronghold for the state of California. Major metropolitan areas contributing at least 2.5% of world GDP. Taguig City: $480 million. The third-wealthiest country in Asia is Japan, with just over $5.3 trillion. 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. Currently, you are using a shared account. Business Solutions including all features. 1. As soon as this statistic is updated, you will immediately be notified via e-mail. Values soared as interest rates on loans went down in a sellers market, which made it tougher to find affordable properties. 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. Lets take a closer look at some of the top-ranking cities making the list. In fact, such diversity plays well in times of economic hardship, which includes the recent downturn caused by the pandemic. As such, you can see how anything affecting these shipping ports will have a negative impact on world wide supply chain logistics. Besides thriving on industries related to finance, tourism, and media, London's wealth is also linked to the London Stock Exchange (LSE). 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. Its also host to the headquarters of around 75 percent of the worlds Fortune 500 companies. Its known as the mecca of tech innovation, and as a result, the region has a high concentration of wealthy individuals. The company currently focuses on its four core brands: Cadillac, Chevrolet, GMC and Buick. Frankfurt in Germany is the second richest city after Dublin with an income of $102,941 per capita. Industries that have found success in the city include food processing, manufacturing, publishing, insurance and tourism. Learn how your comment data is processed. Most of the cities in our list have a similar history in terms of long-standing economical power (Tokyo, Paris, London), while others seem to have gained most of their wealth in the past 2 to 3 decades (San Francisco.). Despite its picture of wealth, only a small percentage of Seoul's population claim to be wealthy. The richest country in the world is Luxembourg. This may not be surprising, considering the U.S. is the world's largest wealth marketit holds over 29% of the world's wealth. "Leading cities with the most billionaires in 2022." Standing as one of Russia's largest industrial and financial centre, much of the country's wealth is still tied to this capital city. Fortune Global 500 companies in Tokyo include: Honda Motors, Hitachi, Sony, Mitsubishi and more. 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. 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. 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. 2. He also praises the seafood, arts scene and welcoming atmosphere, though other critics call Seattle residents overly materialistic. China retains its title as the country with the most cities in the top 10, with Shenzhen moving up one spot to No. 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. Hong Kong remains No. When is it OK to Buy a House Site Unseen as an Investor? A big economic draw for San Francisco is its close proximity to Silicon Valley. Meanwhile, Barcelona dropped to No. Home to thousands of millionaires, wealthy Parisian neighborhoods include the 7th Arrondissement, the Boulogne-Billancourt, Saint-Cloud, and Neuilly-sur-Seine. RICHEST RESIDENT: VLADIMIR POTANIN, $19.7 BILLION Getty Images Moscow is the only other city among the top 10, besides Shenzhen, where every single billionaire is self-made (as opposed to. Monaco - 29.21% Millionaires. 9 last year. This infographic uses information from the Henley Global Citizens Report, in partnership with New World Wealth, to rank the worlds wealthiest cities. This international city has over 192,000 resident millionaires with 34 billionaires. 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. 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. , 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. San Ramon ranks among the top ten safest cities in California. 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 . Tokyo has 39 million residents which are 50% more than any other urban area of the world. Caloocan City: $360 million. This included plans of action to assist with rent, taxes, business subsidies and more. Refer to sources for more information. In total, these 30 people control. Finally, Oceania has two cities on the list, both located in Australia. This is because they are supposed to get a better idea, Read More When is it OK to Buy a House Site Unseen as an Investor?Continue, You might be thinking of relocating to New Hampshire for work or other reasons. The Chinese capitals tally of ten-figure-fortunes rose by six since last year to reach 67 billionaires. Moreover, a portion of Beijing's rapid economic growth is the product of international investments, registering over 45,000 foreign-invested businesses in 2020. Source: Forbes Music: Beethoven 5th Symphony 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. Tripoli and Tehran, the capitals of Libya and Iran, respectively, follow next on this list, reflecting their weakened economies. Home to 12 Fortune 500 companies, the city of Philly is Pennsylvanias financial hub. Please create an employee account to be able to mark statistics as favorites. Cities may be defined as the cities proper, the extent of their urban area, or their metropolitan regions. 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. Today, with 272,400 millionaires, the city holds a more humble position. Fortune Global 500 companies housed in Moscow include Gazprom, Rosneft Oil and Sistema among others. Shanghai. 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. StartupTalky has compiled an exhaustive list of the top richest people in India for the year 2022. In fact, the average annualy income in these neighborhoods is typically over 100,000. Sweeping sunsets, desert landscape, and breathtaking canyonsthese are the things that most everyone think of when someone says Arizona. In 2022, the combined wealth of India's 100 richest increased by $25 billion to touch $800 billion. He worked to revolutionize transportation on earth. Travel + Leisure. At its peak, General Motors enjoyed a 50% market share in the United States. statistic alerts) please log in with your personal account. Other profitable sectors include information technology, medical technology, retail, financial and legal sectors. Here are the 10 leading cities for the wealthy for 2019. , a member of the citys Raheja real estate clan, who was worth an estimated $2.3 billion last year. This city's success is due to its industrial and manufacturing activity, made up of a technology-savvy and highly skilled work force. Principal industries which were the engine behind Moscows economy are textile, metallurgy, energy, and chemical. 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. Both these cities had high inflation and a strong currency. China's capital city offers services in key sectors related to finance, information technology, scientific research, and industry. The Richest Cities are shown below, based on GDP (Gross Domestic Product) data from 2011. 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. Photo: @Kim Kardashian West. 1.Tokyo, Japan (GDP - $1,520 billion) The richest city in the world in 2022 is Tokyo. 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. India is the second largest country in the world after China. In pre-Covid times, Chicago clocked round 55 million tourists in 2017. It is home to 304,900 resident millionaires, making it the city with the second most millionaires in the world. 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. 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. Pasig City: $710 million. One dropoff is Rajan Raheja, a member of the citys Raheja real estate clan, who was worth an estimated $2.3 billion last year. [3] List [ edit] But what are the fastest growing cities for the rich? By 900,. Beijing also has a sizeable billionaire population of 100 people, compared to any other international city. Singapore is home to 249,800 millionaires making it the second richest city in Asia after Tokyo. London and Paris are the major and richest cities in Europe with a GDP of US$835 billion and US$822 billion respectively. In fact, Seoul is known as the most wired city in the world due to the high concentration of high-tech industries. Which Countries are Buying Russian Fossil Fuels? At 89 years old, Warren Buffett is the oldest richest person by 5 years. Burundi GDP Per Capita: 724 Burundi, located in Central Africa, is the number one poorest country in the world by current figures. The four cities that made the top 50 in 2019 but did not make . 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. Los Angeles is a city that takes great strides to encourage economic growth. Additionally, the citys real estate market is known for being expensive, with sky-high property values and rents. 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. Till 2030, Tokyo city will project to be the top-most populated city on earth. Liz Flynn has worked as a full-time writer since 2010 after leaving a career in education. The decade-long conflict in Syria weakened the Syrian pound, led to a spiraling inflation and fuel shortages, and further collapsed its economy. 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 . Everything from financial services, fashion, digital media, the food/beverage industry and tech found a home in Toronto. In 2022, cities with strong oil and gas industries like Riyadh, Sharjah, Dubai, Luanda, Abu Dhabi, Doha, and Lagos grew exceptionally. 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. Where are the German and Chinese Cities? 1. This includes the burgeoning FinTech, or financial technology industries. Hong Kong is once again the city with the second most billionaires in the world. It is also home to Wall Street, the financial capital of the US and the world. The international city of romance boasts an economically wealthy status. 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. RANKED: These Are The 50 Richest Towns To Live In The United States, 2020 Sophie Ireland C-Suite Lifestyle February 21, 2020 With an average household income of more than $525,000, Atherton, California is the richest town in the United States, that's according to a Bloomberg report. Mumbai gained one billionaire resident since 2019, losing five billionaires but adding six newcomers. Newsletter. As of March 2023, MacKenzie Scott's net worth is estimated to be $33.3billion. Additionally, approximately 18% of Japan's universities are found in Tokyo. More than 80% of Russias, call its capital home, including mining mogul. These include three Indian cities, Tashkent in Uzbekistan, Almaty in Kazakhstan, Pakistans most populous city of Karachi, and Sri Lankan capitalColombo. Once a leader in the manufacturing industry, that industry has been bowing to more modern industries like high tech, financial services and electronics. 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. Moscow is also home to a population of "nouveau riche" Muscovites and prominent neighborhoods, with properties that can cost millions of dollars. Interactive map Dallas Number of individuals with a net worth of $5 million or more: 36,515 Percentage of global population: 1.2% 9. 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 Cities may be defined as the cities proper, the extent of their urban area, or their metropolitan regions.

Nfl Assistant Coach Salary List, Virgo Weekly Love Horoscope Truthstar, Ube Moist Cake Recipe By Chef Rv Manabat, Articles T