On this list, New York City was ranked as the richest city with a total of $3 trillion in private wealth. But the Nations Valentine has so much more to offer. Everything from financial services, fashion, digital media, the food/beverage industry and tech found a home in Toronto. . The 150 richest cities in the world by GDP in 2020 11 March 2007: The tables provide GDP figures for cities and their surrounding urban areas in 2020. Statista. Its known as the mecca of tech innovation, and as a result, the region has a high concentration of wealthy individuals. Please create an employee account to be able to mark statistics as favorites. He worked to revolutionize transportation on earth. With the onset of free-market reforms in the 1990s, Beijing saw its economic development soar. 3. Media mogul turned politician Michael Bloomberg, founder of Bloomberg, is the . TOP-10 Richest cities in the world 2023 - wagecentre.com UAE in Top 20. In fact, Tokyo plays host to the top money-building organizations and minds anywhere on Earth. 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. In 2022, the combined wealth of India's 100 richest increased by $25 billion to touch $800 billion. 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. It goes without saying that due to its history tourism is a huge draw when it comes to obtaining revenue. Major financial powerhouses in London include Canary Wharf, HSBC and Barclays. Among the top 10 richest economies, Ireland has the fastest-growing economy with 13.04%. London: 63 Billionaires Since Last Year: +7 Total Net Worth: $316.1 Billion Richest Resident: Len Blavatnik, $32 Billion Other industries driving their economy are tech, tourism, and the service industries such as hospitality. With an estimated GDP of $310 billion, Mumbai ranks number one in the list of the richest cities in India. Alongside its growing wealth, San Francisco is also one of the fastest growing cities in the country. 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. A huge part of this development was the influx of multi-national corporations. Surat - City Of Sun. Additionally, approximately 18% of Japan's universities are found in Tokyo. Dallas plays host to a variety of industries, and its these industries which are responsible for the economic growth of the Dallas metropolitan area. 1. 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. If youre looking, Read More The 20 Cheapest Places to Buy Land in the U.S. 2022Continue. Top 10 richest cities in the world, according to Wealth-X - CNBC from people staying indoors and spending more time online. This infographic uses information from the Henley Global Citizens Report, in partnership with New World Wealth, to rank the worlds wealthiest cities. While Shenzhens export-led manufacturers have. Currently, you are using a shared account. Visualizing the Global Share of U.S. Stock Markets. Tripoli and Tehran, the capitals of Libya and Iran, respectively, follow next on this list, reflecting their weakened economies. In Hong Kong, 9,530 ultra wealthy individuals resided, followed by Tokyo with 8,345 lived. The four cities that made the top 50 in 2019 but did not make . Delhi City. Accessed March 04, 2023. https://www.statista.com/statistics/299494/billionaires-top-cities/, Hurun Research Institute. But what are the fastest growing cities for the rich? The place is mostly known for its stunning Renaissance architecture and is . Its also host to the headquarters of around 75 percent of the worlds Fortune 500 companies. London, United Kingdom: $978.402 Billion, 2. Monaco - 29.21% Millionaires. Mumbai gained one billionaire resident since 2019, losing five billionaires but adding six newcomers. 2. Chicago, which serves as the home base for 35 Fortune 500 companies, is home to 160,100 millionaires, 340 centimillionaires and 28 . The city-state of Singapore is the wealthiest country in Asia, with a per-capita GDP of . Richest City in the World 2023 - worldpopulationreview.com And for the sixth year in a row, more billionaires call New York City home than any other city in the world. Source: Forbes Music: Beethoven 5th Symphony March 17, 2022. Singapore broke into the top 10, replacing Seoul, which was No. 13. A little known fact is that L.A. is the manufacturing center of the country. Newcomers to the billionaire ranks who live in San Francisco include private equity dealmaker. Five are new billionaires from the finance industry, including private equity wizards Tony Tamer and Steven Klinsky. 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. The county seat of Loudoun is in Leesburg, where most administration activities take place. This large metropolitan area has a history of being the hub of Germanys heavy industry sector. Loudoun County is the richest county in the USA, with an estimated average household income of $ 117,876. Top 10 Richest Cities in the World - Luxatic Let's consider New York City. Despite being significantly smaller than Los Angeles, San Francisco houses more millionaires than its southern California counterpart. 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. Where are the German and Chinese Cities? However, this megacity is most famous for its thriving entertainment industry, which pumps billions of dollars into the city's (and country's) economy. Let me take you through the updated list of the World's richest cities as of 2022. Devoted to encouraging economic development, Chicagos Department of Planning and Development has a number of economic development initiatives. L.A. makes good use of both job training programs and development projects. It is the largest urban economy on the planet. Ian Lurie on Quora calls Seattle "one of the most beautiful U.S. cities you'll find, with lots of lakes, the bay, mountains and green stuff.". Other notable NYC billionaire residents include hip-hop superstar Jay-Z and Julia Koch, the widow of former Koch Industries magnate David Koch. As soon as this statistic is updated, you will immediately be notified via e-mail. 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. Before the Ukraine invasion, Moscow was the economic hub of Russia. 10. Washington, District of Columbia: $578.985 Billion, 4. 4. 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. The city of rich historical, cultural, political and social significance, New Delhi, ranks second on this list with a GDP of $293.6 billion. 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. 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. 9 last year. From Singapore To New York City, more than 26% of the worlds 2,095 billionaires live in just 10 cities on three continents. America's 50 richest towns in 2020 | Daily Mail Online Foreign corporations such as IBM, Nestle, Hewlett-Packard and more flooded Beijing, causing a rapid economic expansion. Hong Kong is once again the city with the second most billionaires in the world. The Big Smoke is no stranger to economic prosperity. Ranked: The Top 10 Global Cities, by Ultra-Wealthy Population Basically, the metropolitan areas of Maastricht. While Shenzhens export-led manufacturers have struggled from the effects of the trade war with the U.S., the citys billionaires added $29.7 billion to their collective net worth since 2019. 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. Home to the New York Stock Exchange (NYSE) and the famous American street of Wall Street, New York is regarded as one of the world's wealthiest cities. The Top 25 Cities in the World in 2020. Ranked: 100 best cities in the world 2023 | Atlas & Boots The billionaire's rank, nationality, and source of his or her wealth is listed. 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. Some of them have topped the rankings for decades, while some others are less well-known. Fortune 500 companies include Comcast, Colonial Penn, Sunoco, Aramark, CIGNA, Lincoln Financial Group, and more. Macao SAR will climb from 17th in 2020 to 9th in 2021. Standing as one of Russia's largest industrial and financial centre, much of the country's wealth is still tied to this capital city. Cairo Cairo Pyramids Hotel - Cairo, Egypt (photo: Marriott) ADVERTISEMENT Located along the Nile River, Cairo is one of the. City employment is driven by AT & T, Walgreens, Abbott Labs, the CTA, Walmart and Allstate Insurance, among others. Other notable NYC billionaire residents include hip-hop superstar, , the widow of former Koch Industries magnate. 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. London is ranked second with $2.7 billion in private wealth. The 50 Most Innovative Cities in the World - Business Insider Houstons economy is diverse, from the worlds largest petrochemical manufacturing center to health care and medical research, real estate, finance, and information tech industries. Today, with 272,400 millionaires, the city holds a more humble position. New York City (NYC), which lost the number one slot to Beijing in 2021, has added eight new billionaires with a total net worth of $640.4 Billion. 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. Kim Kardashian- $1 billion. The cannabis business is rather recent, but also encourages financial growth for the city. Quezon City: $1.69 billion. 12. 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). Our ranking shows the 50 wealthiest countries, measured by gross domestic product per capita and adjusted by the purchasing in the respective country. Kolkata is house of many Indian corporations like Coal India Limited, ITC Limited, Britannia Industries, Allahabad Bank,. 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. The top 10 richest cities in the Philippines. New York is the wealthiest city in the worldhome to 345,600 millionaires with a total private wealth that exceeds $3 trillion. The TYO encompasses over 3,700 listed companies and a market value estimated at JPY 600 trillion (or approximately $42 billion USD). 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.