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 . In the latest edition of the ranking, North America has a strong showing with seven of the wealthiest cities, by number of millionaires. 1. Another crucial element is the neighborhood of Zhongguancun. Makati City: $4.48 billion. These four cities are, Singapore broke into the top 10, replacing Seoul, which was No. Beijing, China: $591.374 Billion Beijing is the capital of China and has a population of over 20 million. Luxury services also play a significant factor in Paris' economy, acting as a hub for famous brands like Mot, Cartier, and Louis Vuitton. 6 and No. Current Health Expenditure per Capita. He is popularly known for his role as Madea on House of Payne. Five are new billionaires from the finance industry, including private equity wizards Tony Tamer and Steven Klinsky. Learn how your comment data is processed. The USA is the only country with a large surface area and population among the highest-ranking nations, ranking eleventh. 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. A massive powerhouse in Seoul is Samsung. The top 10 richest families in 2022 by estimated wealth are: The Walton family with $224.5 billion The Mars family with $160 billion The Koch family with $128.8 billion The Al Saud family with. The San Francisco Bay Area boasts 276,400 millionaires. Chicago, which serves as the home base for 35 Fortune 500 companies, is home to 160,100 millionaires, 340 centimillionaires and 28 . Get full access to all features within our Business Solutions. Does your team make it in the top fifty richest soccer clubs in 2022? London City | Photo: Reuters 7. Since 1949, Beijing was considered one of China's most industrial cities. 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. Though residents are keen on investing in the real estate market, younger generations are finding it difficult to afford a home in Seoul due to the rising cost of real estate property and rising economic insecurity. 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. 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. 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 In detail, 144 billionaires resided in the capital of China. 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.. Palo Alto - $147,537 Bloomberg: richest places in America - CNBC In pre-Covid times, Chicago clocked round 55 million tourists in 2017. America's 50 richest towns in 2020 | Daily Mail Online Mumbai gained one billionaire resident since 2019, losing five billionaires but adding six newcomers. Furthermore, 121. Interactive map This infographic uses information from the Henley Global Citizens Report, in partnership with New World Wealth, to rank the worlds wealthiest cities. The Chinese capitals tally of ten-figure-fortunes rose by six since last year to reach 67 billionaires. Beyonc, Jay Z and Taylor Swift are just a few of the celebrities who own property in Tribeca. 6 and No. Let me take you through the updated list of the World's richest cities as of 2022. 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. 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. New York. Which Countries are Buying Russian Fossil Fuels? Before the Ukraine invasion, Moscow was the economic hub of Russia. Newcomers to the billionaire ranks who live in San Francisco include private equity dealmaker. 13. The Richest Cities are shown below, based on GDP (Gross Domestic Product) data from 2011. Air Cargo News Awards 2020. dnata wins again. 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. In order to recoup losses, in June of 2022, the city of Shanghai released a post-lockdown business recovery plan. New York is the wealthiest city in the worldhome to 345,600 millionaires with a total private wealth that exceeds $3 trillion. This year 92 billionaires live in the Big Apple as their primary residence 8 more than a year ago. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. In 2019, San Francisco's tourism industry resulted in 86,111 jobs. - Full Size", "Global Wealth PPP Distribution: Who Are The Leaders Of The Global Economy? Ranked: The Worlds Richest Billionaires Over the Past 10 Years, All of the Worlds Money and Markets in One Visualization (2022), The U.S. and China Account for Half the Worlds Household Wealth, Charting the Relationship Between Wealth and Happiness, by Country, Mapped: The Wealthiest Billionaire in Each U.S. State in 2022, Poll: Inflation is the Top Financial Concern for Americans, From New York to Damascus, this infographic uses EIU cost of living data to rank the worlds most and least expensive cities to live in. Meanwhile, Barcelona dropped to No. MacKenzie Scott is an American novelist and philanthropist. 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. Today, Boston is a center of learning with many stellar educational institutions like MIT and Harvard, which contribute greatly to Bostons economy. 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. 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. The international city of romance boasts an economically wealthy status. 1. It is through the electric car maker Tesla and in space by rocket produced by SpaceX. $520.1. 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. Of the top 50, the city with the biggest jump in the rankings was Austin, Texas, which moved up 18 spots from 2017 to claim No. Asia continues to dominate the list of the worlds least expensive cities, followed by parts of North Africa and the Middle East. American retail corporation Walmart has been the world's largest company by revenue since 2014. He also praises the seafood, arts scene and welcoming atmosphere, though other critics call Seattle residents overly materialistic. For instance, the city of New York is a metropolitan area made up of 5 boroughs with each borough contributing to the cities overall GDP. 10. Here are the 10 leading cities for the wealthy for 2019. Geneva, Switzerland - 17.92% Millionaires. The Top 15 Cities in Asia in 2020. 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. China's capital city offers services in key sectors related to finance, information technology, scientific research, and industry. Additionally, the citys real estate market is known for being expensive, with sky-high property values and rents. More than 80% of Russias billionaires call its capital home, including mining mogul Vladimir Potanin, who is also the richest person in the nation. Los Angeles is a city that takes great strides to encourage economic growth. 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. U.S. Inflation: How Much Have Prices Increased? The Top 5 Cities in Mexico in 2020. The company currently focuses on its four core brands: Cadillac, Chevrolet, GMC and Buick. 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. Here are the Top 10 Richest Places in America and how they split their Heroes Act bailout allocation: #1. Manila: $790 million. 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 . In 2019, the Northern California city attracted 26.2 million visitors who spent around $10.3 billion USD in the city. New York, U.S . Los Angeles is not California's only wealthy city! London and Paris are the major and richest cities in Europe with a GDP of US$835 billion and US$822 billion respectively. [Online]. Top 10 Richest Cities in the World with Most Billionaires As a Premium user you get access to the detailed source references and background information about this statistic. Some of them have topped the rankings for decades, while some others are less well-known. World's Richest Cities: The Top 10 Cities Billionaires Call Home 2020 Though approximately 23% of Beijing's GDP is linked to its manufacturing sector, over 80% of the city's wealth is tied to the service sector. Leading cities with the most billionaires in 2022 [Graph]. 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. Fortune 500 companies include Discovery Communications, Fannie Mae, Walmart and CACI International among others. 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. Tokyo, Japan- GDP: $1,520 billion. 30 in the index, a. Toronto is the second largest financial center in North America, Like New York City, Torontos financial hub is populated by diverse industries. Rankings Data - Cities and Municipalities Competitive Index - CMCI This is a list of cities in the world by gross domestic product (GDP). She was the wife of Jeff Bezos, founder of Amazon. And for the sixth year in a row, more billionaires call New York City home than any other city in the world. Where are the German and Chinese Cities? Beijing is the capital of China and has a population of over 20 million. Otherwise, the city serves as a global financial centre, due to its large abundance of banks, insurance companies, and financial service centres. from people staying indoors and spending more time online. The top 10 richest cities in the Philippines. Other industries driving their economy are tech, tourism, and the service industries such as hospitality. , a member of the citys Raheja real estate clan, who was worth an estimated $2.3 billion last year. the country's economy as a whole is one of the fastest growing in the world. Furthermore, Los Angeles' wealth is also tied to its appeal to immigrants and innovative companies involved in information and technology. The TYO encompasses over 3,700 listed companies and a market value estimated at JPY 600 trillion (or approximately $42 billion USD). Top 100 cities with highest median household income - City-Data Everything from financial services, fashion, digital media, the food/beverage industry and tech found a home in Toronto. Kimberly Noel Kardashian West is an American media personality, socialite, model, businesswoman, producer, and actress. To use individual functions (e.g., mark statistics as favourites, set The TYO encompasses over 3,700 listed companies and a market value estimated at JPY 600 trillion (or approximately $42 billion USD). 12. Tokyo is the most fascinating city to live in but also the most densely packed. Being the largest city of the country, Mumbai is extensively . San Ramon ranks among the top ten safest cities in California. 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). Boasting a population of over 300,000 resident millionaires, Tokyo is also home to a dozen billionaires. On this list, New York City was ranked as the richest city with a total of $3 trillion in private wealth. New York City is also considered the country's leader in finance due to its storied past. 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. Its wealthiest resident, Ma Huateng, chairman and CEO of Internet media behemoth Tencent Holdings, is the second-richest person in China, after Alibaba cofounder Jack Ma. Meanwhile, seven cities in Asia with the common denominator of high-income inequality and low wages dominate the list of the worlds cheapest cities. statistic alerts) please log in with your personal account. The city contributes about 30% of goods sold in Russia. 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