Founded in 1630, Boston is one of our countries oldest cities. to incorporate the statistic into your presentation at any time. 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. Other notable NYC billionaire residents include hip-hop superstar, , the widow of former Koch Industries magnate. Dallas Number of individuals with a net worth of $5 million or more: 36,515 Percentage of global population: 1.2% 9. 10. Wealthiest cities (amount in billions . 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,. Paris is also home to several Fortune Global 500 companies such as, BNP Paribas, Peugeot, CNP Assurances, SNCF, Vivendi and more. Statista. 1 with $13.9 billion. 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. Visakhapatnam - Industrial Port Of India. Meanwhile, seven cities in Asia with the common denominator of high-income inequality and low wages dominate the list of the worlds cheapest cities. 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. The decade-long conflict in Syria weakened the Syrian pound, led to a spiraling inflation and fuel shortages, and further collapsed its economy. Follow Us. Business Solutions including all features. 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. The third-wealthiest country in Asia is Japan, with just over $5.3 trillion. Kim Kardashian- $1 billion. Its no surprise that its capital city of Damascus has maintained its position as the worlds cheapest city. Los Angeles, Chicago and Houston round out the top five. Does your team make it in the top fifty richest soccer clubs in 2022? According to the Hurun Global Rich List 2022, the leading city with the most billionaires in 2022 was Beijing. The Southeast Asian city-state gained nine new billionaires since 2019, while the South Korean capital recorded a net loss of ten members of the three-comma-club. Home to thousands of millionaires, wealthy Parisian neighborhoods include the 7th Arrondissement, the Boulogne-Billancourt, Saint-Cloud, and Neuilly-sur-Seine. Major financial powerhouses in London include Canary Wharf, HSBC and Barclays. 1.Tokyo, Japan (GDP - $1,520 billion) The richest city in the world in 2022 is Tokyo. These include three Indian cities, Tashkent in Uzbekistan, Almaty in Kazakhstan, Pakistans most populous city of Karachi, and Sri Lankan capitalColombo. Cairo Cairo Pyramids Hotel - Cairo, Egypt (photo: Marriott) ADVERTISEMENT Located along the Nile River, Cairo is one of the. Besides thriving on industries related to finance, tourism, and media, London's wealth is also linked to the London Stock Exchange (LSE). India is the second largest country in the world after China. Despite being significantly smaller than Los Angeles, San Francisco houses more millionaires than its southern California counterpart. A little known fact is that L.A. is the manufacturing center of the country. The Private Industry Council works to promote the local economy via job training programs. Caloocan City: $360 million. Home to 12 Fortune 500 companies, the city of Philly is Pennsylvanias financial hub. The collective net worth of the citys billionaires is $424 billion, down $45.7 billion from a year ago. 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. These four cities are, Singapore broke into the top 10, replacing Seoul, which was No. 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. The 373-page COA report covered all 81 provinces, 145 out of 146 cities, and 1,447 out of 1,488 municipalities that submitted their 2020 financial statements. Sy Siblings Still at Top. Geneva, Switzerland - 17.92% Millionaires. Unlike so many other cities bending under the weight of a post-pandemic world, Houstons economy hs gotten stronger. Frankfurt in Germany is the second richest city after Dublin with an income of $102,941 per capita. While Shenzhens export-led manufacturers have. Most such agglomerations are economically, socially and culturally dominated by one city at their centre. 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. 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. If that is the case, knowing its cost of living is vital. New York's richest person and former mayor, Michael Bloomberg, is worth $59 billion. Dallas is known to attract innovation, and one look at some of the top companies in Dallas proves it: AT & T, Texas Instruments, Pinnacle Group, Solera and Capital Networks, among others. As such when it comes to the richest cities in the world, New York City comes in at number 2. The city contributes about 30% of goods sold in Russia. Countries that want to attract wealthy individuals will have to apply tax-friendly policies along with other factors such as quality of life, safety, education, and access to amenities that ultra-wealthy residents value. "Leading cities with the most billionaires in 2022." In 2022, cities with strong oil and gas industries like Riyadh, Sharjah, Dubai, Luanda, Abu Dhabi, Doha, and Lagos grew exceptionally. The largest economy in states, New York Citys prosperity is rooted in Wall Street. This international city is also attractive to domestic and foreign investors alike. Please do not hesitate to contact me. Seven cities have population more than 3 million. 10. The TYO encompasses over 3,700 listed companies and a market value estimated at JPY 600 trillion (or approximately $42 billion USD). The collective net worth of the citys billionaires is $424 billion, down $45.7 billion from a year ago. Other industries driving their economy are tech, tourism, and the service industries such as hospitality. With the onset of free-market reforms in the 1990s, Beijing saw its economic development soar. Air Cargo News Awards 2020. dnata wins again. 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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. Aside from establishing the NYSE in the early 19th century (formerly known as the New York Stock and Exchange Board), the city was set in a convenient location for trading, due its proximity to the Hudson River and the Great Lakes. 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. Other profitable sectors include information technology, medical technology, retail, financial and legal sectors. 6 and No. In some U.S. cities, however, more than half of all households earn $70,000-plus. , who is also the richest person in the nation. It is the largest urban economy on the planet. Other companies crucial to Seouls economic health include: Kia, Daewoo and Hyundai. How does a city become one of the wealthiest in the world? 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. Additionally, the citys real estate market is known for being expensive, with sky-high property values and rents. According to various estimates, the Japanese capital is home to 13.1 to 13.7 million people. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. 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. Today, Boston is a center of learning with many stellar educational institutions like MIT and Harvard, which contribute greatly to Bostons economy. 9 last year. 13. Ranked: Americas Best Places to Work in 2023, Mapped: GDP Growth Forecasts by Country, in 2023, Charted: Teslas Unrivaled Profit Margins, Ranked: The Top Online Music Services in the U.S. by Monthly Users. The median home value for the lower Tribeca area is around $2.5 million. Fortune Global 500 companies include SK Holdings, POSCO, LG Electronics and more. Once considered a major shipping hub to the world, that distinction has been replaced by the service industries, such as financial services. With the onset of free-market reforms in the 1990s, Beijing saw its economic development soar. MacKenzie Scott is an American novelist and philanthropist. A massive powerhouse in Seoul is Samsung. In fact, Tokyo plays host to the top money-building organizations and minds anywhere on Earth. Richest Cities in the World. Top Cities in the World to Visit. 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. In 2019, San Francisco's tourism industry resulted in 86,111 jobs. The headquarters of several cities are also found in Tokyo, which include Honda, Sony, Hitachi, and Mitsubishi. More than 80% of Russias billionaires call its capital home, including mining mogul Vladimir Potanin, who is also the richest person in the nation. 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. Los Angeles is not California's only wealthy city! The metropolitan area of Rhine-Ruhr is divided into 3 regions, and each region contributes to the GDP of the entire Rhine-Ruhr metropolitan area. Macao SAR will climb from 17th in 2020 to 9th in 2021. Mumbai gained one billionaire resident since 2019, losing five billionaires but adding six newcomers. Looking to the future, companies and high-net-worth individuals will inevitably move where they are treated best. Billionaire refers to U.S. dollar billionaire. Japans largest city is home to the Tokyo Stock Exchange, which is one of the largest stock exchanges in Asia by market capitalization. What is the Cost of Living in New Hampshire? 9 last year. Each of the columns in the table is sortable by pressing on the arrows at the head of the column: Cities (metropolitan areas) by percentage of national GDP. You need at least a Starter Account to use this feature. Rounding out the top three cities is Tokyo, with $2.5 trillion in private wealth. 2. Pasay City: $350 million. Furthermore, being a world-class city, Seoul's cost of living is high compared to other cities in Asia, especially in regards to its real estate prices. Palo Alto - $147,537 These initiatives include the Small Business Improvement Fund, the Chicago Recovery Grant, Special Service Area Program, Tax Increment Financing and more. Kolkata is the third richest city in South Asia after Mumbai and Delhi. "Leading Cities with The Most Billionaires in 2022. Luxury services also play a significant factor in Paris' economy, acting as a hub for famous brands like Mot, Cartier, and Louis Vuitton. After all, its Philadelphias rich history that fuels the tourist trade that brings over 2 million visitors from both the U.S. and foreign countries every year. As soon as this statistic is updated, you will immediately be notified via e-mail. Alongside its growing wealth, San Francisco is also one of the fastest growing cities in the country. Two of those in Beijing are new billionaires this year: of TAL Education Group, both of whom own companies that provide online education and after-school tutoring for students. 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. This infographic uses information from the Henley Global Citizens Report, in partnership with New World Wealth, to rank the worlds wealthiest cities. Furthermore, the Big Apple was also a popular destination for entrepreneurs and innovative businesses, furthering its reputation as a financially-savvy city. Top 100 City Lists Top 100 cities with highest median household income Top 100 cities with highest median household income Previous toplist Next toplist New! Accessed March 04, 2023., Hurun Research Institute. In order to recoup losses, in June of 2022, the city of Shanghai released a post-lockdown business recovery plan. Sweeping sunsets, desert landscape, and breathtaking canyonsthese are the things that most everyone think of when someone says Arizona. "The Sy siblings took the biggest hit in dollar terms but remain at No. This includes the burgeoning FinTech, or financial technology industries. Shipping isnt the only industry which brings revenue into SEZ, its also the sizable industrial parks, high-tech industries and of course, trade. Show publisher information Other industries which influence the economy of Boston include the biotech industry, tourism, finance services and several Fortune 500 companies. Penthouses in the 30 Park Place complex are currently listed for 10 times as much. Learn how your comment data is processed. As a Premium user you get access to the detailed source references and background information about this statistic. (Video) TOP 10 RICHEST CITIES In The World 2021 (Uncover) Which is the richest city in the world 2022? London: 63 Billionaires Since Last Year: +7 Total Net Worth: $316.1 Billion Richest Resident: Len Blavatnik, $32 Billion New York City is also considered the country's leader in finance due to its storied past. Those include, , who heads Indias largest paint company, Asian Paints, and the, , who control adhesives and sealants maker Pidilite Industries. Where are the German and Chinese Cities? Profit from the additional features of your individual account. Even though the city was riddled with the effects of the pandemic, Job growth occurred with another 5,700 jobs added. The top ten richest cities in the world based on private wealth include: NYC has held the title of the wealthiest city in the world for many decades now, housing around 59 billionaires and a whopping 345,600 millionaires! 7 and Shanghai and Beijing staying flat at No. Fortune Global 500 companies in Tokyo include: Honda Motors, Hitachi, Sony, Mitsubishi and more. The company currently focuses on its four core brands: Cadillac, Chevrolet, GMC and Buick. 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. More than 80% of Russias, call its capital home, including mining mogul. According to Investopedia, Gross domestic product (GDP) is the total monetary or market value of all the finished goods and services produced within a countrys borders in a specific time period. In this case, we are looking at the GDP of metropolitan statistical areas, and not countries. 30 in the index, a. Taguig City: $480 million. Everything from financial services, fashion, digital media, the food/beverage industry and tech found a home in Toronto. Historically speaking, Osaka has always been thought of as a major economic center of Japan. + - Leaflet | Tiles OpenMapTiles | Data OpenStreetMap contributors Income distibution for all U.S. cities Finally, Oceania has two cities on the list, both located in Australia. We added hundreds of new lists - see our top 101 city lists. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 600+ segments in 150+ countries, Insights on consumer attitudes and behavior worldwide, Business information on 60m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. Current Health Expenditure per Capita. Principal industries which were the engine behind Moscows economy are textile, metallurgy, energy, and chemical. Here are the 10 leading cities for the wealthy for 2019. American retail corporation Walmart has been the world's largest company by revenue since 2014. Moreover, much of London's wealth is concentrated in neighborhoods like Westminster, Kensington, Islington, and Chelsea. 2. The methodology of calculating GDP may differ between the studies and are widely based . Additionally, approximately 18% of Japan's universities are found in Tokyo. Till 2030, Tokyo city will project to be the top-most populated city on earth. Greater Mumbai still is the most populated city in its 440 sq. San Francisco has a rich economic history,,one that includes the wealth generated by the California Gold Rush. Despite its picture of wealth, only a small percentage of Seoul's population claim to be wealthy. Home to both invention and innovation, animes, mangas and of course, robots, Tokyo is known as the financial center of the world. One dropoff is Rajan Raheja, a member of the citys Raheja real estate clan, who was worth an estimated $2.3 billion last year. The city employs 36,000 people and is home to some 75, 00 people. However, its also a city steeped in industry. 1.