top 50 richest cities in the world 2020 top 50 richest cities in the world 2020

The methodology of calculating GDP may differ between the studies and are widely based . , who is also the richest person in the nation. Tokyo is the most fascinating city to live in but also the most densely packed. 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. Statista. The richest person in New York City is Bloomberg LP founder and former Mayor, $1 billion of his $48 billion fortune on a failed presidential campaign before dropping out in March to endorse Joe Biden. Quezon City: $1.69 billion. 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. to incorporate the statistic into your presentation at any time. 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). In the U.S., a few tax-friendly states like Texas and Florida became home to American companies moving their head offices there. This statistic is not included in your account. New York City, USA: $1,330.000 Billion. The City of Chicagos economy is home to a strong financial sector which includes the Chicago Board of Trade, NYSE Arca, Chicago Mercantile Exchange, Chicago Board Options Exchange and the Chicago Stock Exchange. Seven cities have population more than 3 million. The Chinese capitals tally of ten-figure-fortunes rose by six since last year to reach 67 billionaires. Fortune Global 500 companies housed in Moscow include Gazprom, Rosneft Oil and Sistema among others. The top 10 richest cities in the Philippines. Accessed March 04, 2023. https://www.statista.com/statistics/299494/billionaires-top-cities/, Hurun Research Institute. Japans largest city is home to the Tokyo Stock Exchange, which is one of the largest stock exchanges in Asia by market capitalization. Founded in 1630, Boston is one of our countries oldest cities. (((61/33)^(1/15))^10)*33 and (((33/21)^(1/15))^10)*21. 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. 3. The Rhine-Ruhr metropolitan area is the economic power house of Germany. Home to thousands of millionaires, wealthy Parisian neighborhoods include the 7th Arrondissement, the Boulogne-Billancourt, Saint-Cloud, and Neuilly-sur-Seine. Due to heavy investment into research and development, high-tech companies in Shenzen have consistent government support. In 2022, the combined wealth of India's 100 richest increased by $25 billion to touch $800 billion. Register in seconds and access exclusive features. 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. Please create an employee account to be able to mark statistics as favorites. There are 4,000 cities and towns in India. U.S. Inflation: How Much Have Prices Increased? India is the second largest country in the world after China. The cannabis business is rather recent, but also encourages financial growth for the city. 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. A little known fact is that L.A. is the manufacturing center of the country. Mumbai - City Of Dreams. Which Countries are Buying Russian Fossil Fuels? [3] List [ edit] Principal industries which were the engine behind Moscows economy are textile, metallurgy, energy, and chemical. 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. In total, these 30 people control. 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. 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. Unlike so many other cities bending under the weight of a post-pandemic world, Houstons economy hs gotten stronger. Its no surprise to anyone that a good chunk of the Paris economy is the tourist trade. The collective net worth of the citys billionaires is $424 billion, down $45.7 billion from a year ago. The Top 25 Cities in the World in 2020. The headquarters of several cities are also found in Tokyo, which include Honda, Sony, Hitachi, and Mitsubishi. Leading cities with the most billionaires in 2022 [Graph]. Photo: @Kim Kardashian West. $520.1. Looking to the future, companies and high-net-worth individuals will inevitably move where they are treated best. Kuwait (-4) will be the worst loser, followed by The Bahamas (-3) and Iceland (-3). Besides being a major educational hub and commercial space, Tokyo's economy relies on industries related to healthcare, communications, transportation, and real estate. However, today it has moved on to other, more profitable economic interests such as finances, high tech and insurance, to name a few. Air Cargo News Awards 2020. dnata wins again. Chicago, which serves as the home base for 35 Fortune 500 companies, is home to 160,100 millionaires, 340 centimillionaires and 28 . Caloocan City: $360 million. According to the Hurun Global Rich List 2022, the leading city with the most billionaires in 2022 was Beijing. In Hong Kong, 9,530 ultra wealthy individuals resided, followed by Tokyo with 8,345 lived. At 89 years old, Warren Buffett is the oldest richest person by 5 years. Los Angeles, Chicago and Houston round out the top five. The list of top 50 richest football clubs in the world ranked by Forbes have been revealed. 2. However, invading a sovereign nation had its consequences, and Russias entire economy is in a state of disrepair. As a major commercial hub for England, a number of established companies are found in London, such as Unilever, Barclays, BP, and Shell. Indian richest cities 2021. New York is the wealthiest city in the worldhome to 345,600 millionaires with a total private wealth that exceeds $3 trillion. Other industries which influence the economy of Boston include the biotech industry, tourism, finance services and several Fortune 500 companies. We added hundreds of new lists - see our top 101 city lists. In fact, Seoul is known as the most wired city in the world due to the high concentration of high-tech industries. The city employs 36,000 people and is home to some 75, 00 people. Please do not hesitate to contact me. 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. Los Angeles is a city that takes great strides to encourage economic growth. Mapped: Europes Biggest Sources of Electricity by Country, Visualizing the Scale of Global Fossil Fuel Production, Visualizing U.S. Newcomers from other sectors also joined the ranks, including AI pioneer Daniel Dines and Brooklyn native Jay-Z. Pasay City: $350 million. Image Source. 1 with $13.9 billion. Some cities have some obvious billionaires that come to mind. 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. Kolkata is house of many Indian corporations like Coal India Limited, ITC Limited, Britannia Industries, Allahabad Bank,. India is the world's second-most populous country, with several large cities and densely inhabited areas. Meanwhile, seven cities in Asia with the common denominator of high-income inequality and low wages dominate the list of the worlds cheapest cities. 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? The top 10 riches cities in the world behind New York City were Tokyo, San Francisco Bay Area, London, Singapore, Los Angeles and Malibu, Chicago, Houston, Beijing, and Shanghai. Show publisher information 1. This may not be surprising, considering the U.S. is the world's largest wealth marketit holds over 29% of the world's wealth. Its also host to the headquarters of around 75 percent of the worlds Fortune 500 companies. In some U.S. cities, however, more than half of all households earn $70,000-plus. Historically speaking, Osaka has always been thought of as a major economic center of Japan. Once a top contender in manufacturing, today manufacturing revenue covers only around 10 percent of the economy. Frankfurt in Germany is the second richest city after Dublin with an income of $102,941 per capita. Otherwise, the city serves as a global financial centre, due to its large abundance of banks, insurance companies, and financial service centres. 1. With an estimated GDP of $310 billion, Mumbai ranks number one in the list of the richest cities in India. This infographic uses information from the Henley Global Citizens Report, in partnership with New World Wealth, to rank the worlds wealthiest cities. 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. Kolkata- GDP $150.1 Billion. It had about 2,000 inhabitants at the time. 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. As a Premium user you get access to the detailed source references and background information about this statistic. Dubai in top 10. Shipping isnt the only industry which brings revenue into SEZ, its also the sizable industrial parks, high-tech industries and of course, trade. As of March 2023, MacKenzie Scott's net worth is estimated to be $33.3billion. Kolkata is the financial, commercial and industrial hub of the North East region. Since 1949, Beijing was considered one of China's most industrial cities. Tokyo, Japan- GDP: $1,520 billion. I cover the world's richest people and how they made their billions. 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Top 10 Richest Asian Countries (2020 GDP, Int$ PPP - World Bank) China - $24.27 trillion; . Liz Flynn has worked as a full-time writer since 2010 after leaving a career in education. L.A. makes good use of both job training programs and development projects. These four cities are, Singapore broke into the top 10, replacing Seoul, which was No. 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. This international city has over 192,000 resident millionaires with 34 billionaires. Singapores richest resident, Zhang Yong, 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. The USA is the only country with a large surface area and population among the highest-ranking nations, ranking eleventh. A big economic draw for San Francisco is its close proximity to Silicon Valley. Consumption of Fuel and Materials per Capita, Visualizing Chinas Dominance in Battery Manufacturing (2022-2027P), Mapped: The Population of Indias States Compared with Countries. The collective net worth of the citys billionaires is $424 billion, down $45.7 billion from a year ago. Kicking off the list is the charming Italian city of Florence - which is kind of surprising. Monaco - 29.21% Millionaires. Furthermore, Los Angeles' wealth is also tied to its appeal to immigrants and innovative companies involved in information and technology. The cities shown in our visualization are already well-established locations for high-net-worth individuals. Industries that contribute to New York Citys economy are health care, tourism, real estate, tech, publishing, fashion, media and insurance, among others. City employment is driven by AT & T, Walgreens, Abbott Labs, the CTA, Walmart and Allstate Insurance, among others. 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.. The city-state of Singapore is the wealthiest country in Asia, with a per-capita GDP of . The San Francisco Bay Area boasts 276,400 millionaires. Moreover, much of London's wealth is concentrated in neighborhoods like Westminster, Kensington, Islington, and Chelsea. Seoul is a gorgeous city and the economic hub of South Korea. City of Clayton -$146,225. Travel + Leisure. She finds almost all topics she writes about interesting, but her favorite subjects are travel and food. According to the Greater Houston Project, As retailers work to rebuild their inventories, as factories struggle to resolve supply chain issues, as the global economy continues to grow, so will the demand for Houstons exports, and so will Houston employment,. Beijing, China: $591.374 Billion Beijing is the capital of China and has a population of over 20 million. 4, respectively. The top 10. This large metropolitan area has a history of being the hub of Germanys heavy industry sector. 7 and Shanghai and Beijing staying flat at No. In 2019, San Francisco's tourism industry resulted in 86,111 jobs. The wealthy city-state has 31 billionaire residents, up from 22 last year, and replaces Seoul in the top 10. Hong Kong is once again the city with the second most billionaires in the world. Singapores richest resident. "Leading cities with the most billionaires in 2022." 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. $516.5. Singapore broke into the top 10, replacing Seoul, which was No. Home to about 393,000 millionaires, Seoul's economy is rooted in manufacturing, financial services, and transportation.