Its known as the mecca of tech innovation, and as a result, the region has a high concentration of wealthy individuals. Tokyo's wealth is also tied to the Tokyo Stock Exchange (TYO), regarded as one of the largest stock exchanges in the world. Surat - City Of Sun. 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. It has more sunshine than Florida, Read More The 20 Safest Places to Live in ArizonaContinue, Generally speaking, when people set out to buy a property, they are recommended to check out the property in person before making the purchase. Historically speaking, Osaka has always been thought of as a major economic center of Japan. It is home to 304,900 resident millionaires, making it the city with the second most millionaires in the world. The largest economy in states, New York Citys prosperity is rooted in Wall Street. In fact, such diversity plays well in times of economic hardship, which includes the recent downturn caused by the pandemic. The top 10 richest cities in the Philippines. One dropoff is. Lower down the list So, which cities are lower ranked than in previous years? Refer to sources for more information. If we're looking at cities in terms of total wealth, then the Big Apple leads the pack by a country mile. - 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. Before the Ukraine invasion, Moscow was the economic hub of Russia. A paid subscription is required for full access. Our ranking shows the 50 wealthiest countries, measured by gross domestic product per capita and adjusted by the purchasing in the respective country. 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. 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. 4, respectively. Kicking off the list is the charming Italian city of Florence - which is kind of surprising. Singapore broke into the top 10, replacing Seoul, which was No. Frankfurt in Germany is the second richest city after Dublin with an income of $102,941 per capita. Newcomers to the billionaire ranks who live in San Francisco include private equity dealmaker. Richest Cities in the World. Unlike so many other cities bending under the weight of a post-pandemic world, Houstons economy hs gotten stronger. 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. 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. Property prices, 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, 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. These industries include manufacturing, energy, information tech, finances, telecommunications, education, and telecommunications. New York City notched the top spot for the sixth year running, growing its count of billionaire city dwellers by eight compared to 2019. San Francisco has a rich economic history,,one that includes the wealth generated by the California Gold Rush. It is the largest urban economy on the planet. Toronto is the second largest financial center in North America, Like New York City, Torontos financial hub is populated by diverse industries. Its also host to the headquarters of around 75 percent of the worlds Fortune 500 companies. (((61/33)^(1/15))^10)*33 and (((33/21)^(1/15))^10)*21. 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. The top 10. 2. This list is incomplete, as not all companies disclose their information to the general public. "Leading Cities with The Most Billionaires in 2022. Five are new billionaires from the finance industry, including private equity wizards Tony Tamer and Steven Klinsky. Fortune 500 companies include Comcast, Colonial Penn, Sunoco, Aramark, CIGNA, Lincoln Financial Group, and more. The third-wealthiest country in Asia is Japan, with just over $5.3 trillion. 1. Zhongguancun is considered the Silicon Valley of China and is deeply rooted in the electronics and high-tech industries such as Microsoft, Sony and Google. Their net worth is based on the data from 2022 available on their respective Forbes profiles. Chinese energy giants State Grid, China National Petroleum, and Sinopec rounded out the top five. These are the 10 wealthiest cities in the world - and the number of wealthy individuals who live in each of them - according to Henley & Partners' report. 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. A massive powerhouse in Seoul is Samsung. Richest Places in the World According to a recent study by Forbes, the five richest cities in the world are Tokyo, New York City, Los Angeles, London, and Paris. He is popularly known for his role as Madea on House of Payne. + - Leaflet | Tiles OpenMapTiles | Data OpenStreetMap contributors Income distibution for all U.S. cities The cannabis business is rather recent, but also encourages financial growth for the city. The median home value for the lower Tribeca area is around $2.5 million. Newsletter. Cities may be defined as the cities proper, the extent of their urban area, or their metropolitan regions. This includes the burgeoning FinTech, or financial technology industries. These four cities are home to 228 billionaires. Meanwhile, Barcelona dropped to No. American retail corporation Walmart has been the world's largest company by revenue since 2014. The city employs 36,000 people and is home to some 75, 00 people. After their divorce, MacKenzie received a 4% stake in Amazon, which was worth about $35 billion at the time. from people staying indoors and spending more time online. South Koreas Wall Street is the Korea Exchange in Yeoui Island. The Top 5 Cities in Mexico in 2020. - Full Size", "Global Wealth PPP Distribution: Who Are The Leaders Of The Global Economy? 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. Hong Kong remains No. In fact, the average annualy income in these neighborhoods is typically over 100,000. 10. In detail, 144 billionaires resided in the capital of China. 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. Shibuya Crossing, one of the busiest crosswalks in the world, in Tokyo, Japan Tokyo's wealth is also tied to the Tokyo Stock Exchange (TYO), regarded as one of the largest stock exchanges in the world. Four cities made the list for the first time: Blackhawk, California; New Albany, Ohio; Long Grove, Illinois; and Darnestown, Maryland. Dallas plays host to a variety of industries, and its these industries which are responsible for the economic growth of the Dallas metropolitan area. New York is the wealthiest city in the worldhome to 345,600 millionaires with a total private wealth that exceeds $3 trillion. Does your team make it in the top fifty richest soccer clubs in 2022? San Ramon ranks among the top ten safest cities in California. Accessed March 04, 2023. https://www.statista.com/statistics/299494/billionaires-top-cities/, Hurun Research Institute. In pre-Covid times, Chicago clocked round 55 million tourists in 2017. This is a list of cities in the world by gross domestic product (GDP).The United Nations uses three definitions for what constitutes a city, as not all cities may be classified using the same criteria. Luxury services also play a significant factor in Paris' economy, acting as a hub for famous brands like Mot, Cartier, and Louis Vuitton. New York City: 107 Billionaires. As of March 2023, MacKenzie Scott's net worth is estimated to be $33.3billion. 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. Caloocan City: $360 million. 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. Those include, , who heads Indias largest paint company, Asian Paints, and the, , who control adhesives and sealants maker Pidilite Industries. , who is also the richest person in the nation. In terms of asset management, FinTech, and ESG investment, Tokyos continued growth as the worlds most foremost economies appears secured. Major financial powerhouses in London include Canary Wharf, HSBC and Barclays. to incorporate the statistic into your presentation at any time. Mumbai gained one billionaire resident since 2019, losing five billionaires but adding six newcomers. Not surprisingly, China is home to three of these cities, including Hong Kong (SAR). The four cities that made the top 50 in 2019 but did not make . New York's richest resident, 476 Washington Avenue, former mayor Michael Bloomberg, has a net worth of $45 billion, making him one . London, United Kingdom: $978.402 Billion, 2. Top Cities in the World to Visit. [3] List [ edit] Tokyo has 39 million residents which are 50% more than any other urban area of the world. 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. Home to both invention and innovation, animes, mangas and of course, robots, Tokyo is known as the financial center of the world. Apart from the cost of a home, examining how, Read More What is the Cost of Living in New Hampshire?Continue, Mexicos proximity to the US makes it a hugely popular option for American expats and retirees. Visualizing the Global Share of U.S. Stock Markets. Use Ask Statista Research Service. . Makati City: $4.48 billion. But the Nations Valentine has so much more to offer. 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