Other notable NYC billionaire residents include hip-hop superstar Jay-Z and Julia Koch, the widow of former Koch Industries magnate David Koch. Gautam Shantilal Adani. Everything from financial services, fashion, digital media, the food/beverage industry and tech found a home in Toronto. [3] The methodology of calculating GDP may differ between the studies and are widely based on projections and sometimes approximate estimations, notably for cities that are not within the Organisation for Economic Co-operation and Development. Tokyo may not be as wealthy as New York, but this megacity remains one of the richest cities in Asia. 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. As soon as this statistic is updated, you will immediately be notified via e-mail. 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. If we're looking at cities in terms of total wealth, then the Big Apple leads the pack by a country mile. The ideal entry-level account for individual users. ", Hurun Research Institute, Leading cities with the most billionaires in 2022 Statista, https://www.statista.com/statistics/299494/billionaires-top-cities/ (last visited March 04, 2023), Leading cities with the most billionaires in 2022 [Graph], Hurun Research Institute, March 17, 2022. You only have access to basic statistics. Mumbai gained one billionaire resident since 2019, losing five billionaires but adding six newcomers. A good part of their revenue comes from their port, which is the largest container port in the world. 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. L.A. makes good use of both job training programs and development projects. The 10 Best Places to Live in Mexico for Americans, The 20 Cheapest Places to Buy Land in the U.S. 2022, 20 Cities with The Worst Weather in Europe, How Zac Stacy Achieved a Net Worth of $6 Million. Despite suffering a tough downturn due to the pandemic, Shanghai remains one of the worlds richest cities. The USA is the only country with a large surface area and population among the highest-ranking nations, ranking eleventh. In pre-Covid times, Chicago clocked round 55 million tourists in 2017. Singapores richest resident. Another industry that rains gobs of revenue on the City of London is the tourism industry with over 20 million visitors per year. Blessed with an affordable cost of living, two stunning shorelines, vibrant cities, and swathes of glorious scenery, its understandable, Read More The 10 Best Places to Live in Mexico for AmericansContinue, If you live in Kentucky already, then youll already be well aware that when it comes to crime, the Bluegrass State is doing pretty well for itself. A big economic draw for San Francisco is its close proximity to Silicon Valley. Otherwise, the city serves as a global financial centre, due to its large abundance of banks, insurance companies, and financial service centres. After their divorce, MacKenzie received a 4% stake in Amazon, which was worth about $35 billion at the time. Most such agglomerations are economically, socially and culturally dominated by one city at their centre. Other notable NYC billionaire residents include hip-hop superstar, , the widow of former Koch Industries magnate. The Chinese capitals tally of ten-figure-fortunes rose by six since last year to reach 67 billionaires. (((61/33)^(1/15))^10)*33 and (((33/21)^(1/15))^10)*21. Taguig City: $480 million. In 2019, San Francisco's tourism industry resulted in 86,111 jobs. 29. 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. If you are an admin, please authenticate by logging in again. 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. Lastly, London is home to several of the most well-known Fortune Global 500 firms, including the Lloyds Banking Group, Prudential, J. Sainsbury, BP, Tesco, and Vodafone Group, amongst others. 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.). "Leading cities with the most billionaires in 2022." Tourism not only pumps money into San Francisco's economy by way of tourist spending, it also offers a source of jobs in the city. He also praises the seafood, arts scene and welcoming atmosphere, though other critics call Seattle residents overly materialistic. 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. Other companies crucial to Seouls economic health include: Kia, Daewoo and Hyundai. Other industries driving their economy are tech, tourism, and the service industries such as hospitality. Principal industries which were the engine behind Moscows economy are textile, metallurgy, energy, and chemical. You can only download this statistic as a Premium user. + - Leaflet | Tiles OpenMapTiles | Data OpenStreetMap contributors Income distibution for all U.S. cities Moscow is also home to a population of "nouveau riche" Muscovites and prominent neighborhoods, with properties that can cost millions of dollars. Fortune Global 500 companies housed in Moscow include Gazprom, Rosneft Oil and Sistema among others. Swift reportedly owns about $40 million worth of property in the area. 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 . New York City, USA: $1,330.000 Billion. He is worth $1 billion, becoming the richest actor in the world. Cities may be defined as the cities proper, the extent of their urban area, or their metropolitan regions. 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. Founded in 1630, Boston is one of our countries oldest cities. 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). New York. In detail, 144 billionaires resided in the capital of China. 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. San Francisco has a rich economic history,,one that includes the wealth generated by the California Gold Rush. 24/7 Wall Street reviewed income levels in 382 metropolitan . New York's richest resident, 476 Washington Avenue, former mayor Michael Bloomberg, has a net worth of $45 billion, making him one . In particular, the United States claims five of the cities in the top 10, including the very top spot with New York City. Richest Cities in the World. . Japans largest city is home to the Tokyo Stock Exchange, which is one of the largest stock exchanges in Asia by market capitalization. Hurun Research Institute. Many cities in India are densely inhabited, trade between them has improved, and transportation systems have been modernized. Sweeping sunsets, desert landscape, and breathtaking canyonsthese are the things that most everyone think of when someone says Arizona. 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 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. As a Premium user you get access to the detailed source references and background information about this statistic. 4, respectively. London: 63 Billionaires Since Last Year: +7 Total Net Worth: $316.1 Billion Richest Resident: Len Blavatnik, $32 Billion 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. 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. At its peak, General Motors enjoyed a 50% market share in the United States. Tripoli and Tehran, the capitals of Libya and Iran, respectively, follow next on this list, reflecting their weakened economies. Currently, 43 Fortune 500 companies that call New York City home include: Verizon, JP Morgan, Pfizer, Citigroup, MetLife, Goldman Sachs, Morgan Stanley, and more. Their net worth is based on the data from 2022 available on their respective Forbes profiles. Singapore broke into the top 10, replacing Seoul, which was No. 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. These figures were taken after the market close on September 18, 2020. The Big Apple has historically been a hub for trade and investment, due to a buzzing port and its very well connected location, with rivers and canal systems reaching out to the midwest. Beyonc, Jay Z and Taylor Swift are just a few of the celebrities who own property in Tribeca. Elon Musk Elon Musk is a South African-born Canadian-American businessman, investor & the richest person in the world. Profit from the additional features of your individual account. GM was the best-performing automobile company in the 20th century but has still maintained a top position among the wealthiest car manufacturers. 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. 1. 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. 1. 1 with $13.9 billion. Among the top 10 richest economies, Ireland has the fastest-growing economy with 13.04%. 2 on the list, but the city recorded a net loss of eight billionaire residents. 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. Dubai ranks at #6 on the PlanetWare guide, ahead of Singapore, Rome, Istanbul, and Tokyo. It is home to 304,900 resident millionaires, making it the city with the second most millionaires in the world. - 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. Kolkata is the third richest city in South Asia after Mumbai and Delhi. Statista. Out of the 2,095 members of the 2020 Forbes Worlds Billionaires list, 552 live in just ten cities. However, today it has moved on to other, more profitable economic interests such as finances, high tech and insurance, to name a few. It is through the electric car maker Tesla and in space by rocket produced by SpaceX. , who is also the richest person in the nation. U.S. Inflation: How Much Have Prices Increased? 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. Travel + Leisure. Other profitable sectors include information technology, medical technology, retail, financial and legal sectors. Beijing is the capital of China and has a population of over 20 million. Los Angeles, USA The city of Los Angeles makes significant efforts to foster economic growth in the local community. Mumbai gained one billionaire resident since 2019, losing five billionaires but adding six newcomers. 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. 4. Register in seconds and access exclusive features. New York is home to many Fortune 500 companies and is the financial heart of the United States, with the New York Stock Exchange and NASDAQ located in the Big Apple. As such when it comes to the richest cities in the world, New York City comes in at number 2. Trip Ideas; 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. Today, with 272,400 millionaires, the city holds a more humble position. Kuwait (-4) will be the worst loser, followed by The Bahamas (-3) and Iceland (-3). Moreover, much of London's wealth is concentrated in neighborhoods like Westminster, Kensington, Islington, and Chelsea. Newcomers from other sectors also joined the ranks, including AI pioneer, Hong Kong remains No.
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