Fortune Global 500 companies include SK Holdings, POSCO, LG Electronics and more. Home to both invention and innovation, animes, mangas and of course, robots, Tokyo is known as the financial center of the world. The Top 5 Cities in Mexico. The PPP value of a city (or country) is commonly used by macroeconomic analysts and economists, as its a popular metric to determine a city's standard of living and economic prosperity. 9 last year. [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. Other companies crucial to Seouls economic health include: Kia, Daewoo and Hyundai. Fortune 500 companies located in the Rhine-Ruhr metropolitan area include: ThyssenKrupp AG, RWE AG, Bayer AG, Evonik Industries, among others. 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. Which Countries are Buying Russian Fossil Fuels? New York City. + - Leaflet | Tiles OpenMapTiles | Data OpenStreetMap contributors Income distibution for all U.S. cities New York City notched the top spot for the sixth year running, growing its count of billionaire city dwellers by eight compared to 2019. 27. What is the Cost of Living in New Hampshire? In detail, 144 billionaires resided in the capital of China. This statistic is not included in your account. By 500 A.D., Constantinople modern-day Istanbul was home to about half a million people (it's now the fourth-largest city on the planet). Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. For over 50 years, Tokyo has occupied the top spot, and shows no sign of slowing down. from people staying indoors and spending more time online. Follow Us. The typical American household earns $57,617 per year. 2022 Rankings of Highly Urbanized Cities. 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. Statista. 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. New York is the wealthiest city in the worldhome to 345,600 millionaires with a total private wealth that exceeds $3 trillion. But if this inflation is compounded with a strong national currency, you may live in one of the worlds most expensive cities. Due to heavy investment into research and development, high-tech companies in Shenzen have consistent government support. Even though the city was riddled with the effects of the pandemic, Job growth occurred with another 5,700 jobs added. San Ramon ranks among the top ten safest cities in California. In 2022, the combined wealth of India's 100 richest increased by $25 billion to touch $800 billion. [Online]. These cities have a combined GDP of $2.4st trillion, equating to more than double that of second-place San Francisco. Macao SAR will climb from 17th in 2020 to 9th in 2021. Mapped: Europes Biggest Sources of Electricity by Country, Visualizing the Scale of Global Fossil Fuel Production, Visualizing U.S. The city employs 36,000 people and is home to some 75, 00 people. Newsletter. Atherton, CA (income: $525,324/ bailout: $3.8 million) - With a median home price of. Surprisingly, this is the Big Apples first time atop the ranking. . Tokyo has 39 million residents which are 50% more than any other urban area of the world. Fortune Global 500 companies housed in Moscow include Gazprom, Rosneft Oil and Sistema among others. $520.1. Top 10 Richest Asian Countries (2020 GDP, Int$ PPP - World Bank) China - $24.27 trillion; . As soon as this statistic is updated, you will immediately be notified via e-mail. Though affordability sounds good at face value, sitting at the bottom of the ranking isnt necessarily a coveted position. 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. Standing as one of Russia's largest industrial and financial centre, much of the country's wealth is still tied to this capital city. Some of them have topped the rankings for decades, while some others are less well-known. 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. If you are an admin, please authenticate by logging in again. Let me take you through the updated list of the World's richest cities as of 2022. Loudoun County is the richest county in the USA, with an estimated average household income of $ 117,876. Industries that have found success in the city include food processing, manufacturing, publishing, insurance and tourism. 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. 5. Currently, 43 Fortune 500 companies that call New York City home include: Verizon, JP Morgan, Pfizer, Citigroup, MetLife, Goldman Sachs, Morgan Stanley, and more. 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. Like the other cities mentioned in our list of the richest cities of the world, the economy of Washington, D.C. is a diverse one. Tokyo, Japan- GDP: $1,520 billion. Tripoli and Tehran, the capitals of Libya and Iran, respectively, follow next on this list, reflecting their weakened economies. 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. Beijing, China: $591.374 Billion Beijing is the capital of China and has a population of over 20 million. Though London had a net gain of one new billionaire this year, this city that appeals to the worlds elite actually has five new billionaire residents who hail from outside the United Kingdom, including Russian brothers, , founders of online gaming firm Playrix; and, , who inherited part of the fortune of her late father, Brazilian healthcare tycoon, in an effort to slow the spread of the coronavirus in January, boosting the fortunes of online retail titans like, . Not surprisingly, China is home to three of these cities, including Hong Kong (SAR). Palo Alto - $147,537 A good part of their revenue comes from their port, which is the largest container port in the world. Washington, D.C.. Travel + Leisure. Other industries which thrive here are those in high-tech, scientific R&D, professional services such as legal, insurance, finance and public administration. How does a city become one of the wealthiest in the world? Though famous for prominent technology companies and hundreds of start-ups across the Silicon Valley, San Francisco's wealth is tied to industries in manufacturing and tourism. Leading cities with the most billionaires in 2022 [Graph]. Furthermore, Los Angeles' wealth is also tied to its appeal to immigrants and innovative companies involved in information and technology. You only have access to basic statistics. 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. Rising development costs and foreign competition had already, the fortunes of South Koreas pharmaceuticals sector, before coronavirus concerns hit the countrys economy in late February in total, thirteen Seoul-based billionaires dropped off the list. 9 last year. These initiatives include the Small Business Improvement Fund, the Chicago Recovery Grant, Special Service Area Program, Tax Increment Financing and more. Cities become expensive due to a variety of factors such as high demand for housing, a concentration of high-paying businesses and industries, and a high standard of living. Among the top 50 economies having the highest gdp per capita, Macao SAR . Kicking off the list is the charming Italian city of Florence - which is kind of surprising. 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. The top ten richest cities in the world based on private wealth include: Among the top 10 richest economies, Ireland has the fastest-growing economy with 13.04%. On this list, New York City was ranked as the richest city with a total of $3 trillion in private wealth. Its no surprise that its capital city of Damascus has maintained its position as the worlds cheapest city. Additionally, the world's major companies are headquartered in Seoul, which include Samsung, Hyundai, LG, and Kookmin Bank. March 17, 2022. In order to recoup losses, in June of 2022, the city of Shanghai released a post-lockdown business recovery plan. Moscow is also home to a population of "nouveau riche" Muscovites and prominent neighborhoods, with properties that can cost millions of dollars. 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? Besides thriving on industries related to finance, tourism, and media, London's wealth is also linked to the London Stock Exchange (LSE). When Covid struck, global traveling came to a halt, and for a while Macao even slipped out of the 10 richest nations ranking. 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, . Today, with 272,400 millionaires, the city holds a more humble position. The international megacity is the country's bustling financial and commercial hub, with its economic wealth tied to its services in finance, healthcare, professional and business services, retail, and education. The country is entirely landlocked and is surrounded by Rwanda, Tanzania, and the Democratic Republic of Congo. 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. The county seat of Loudoun is in Leesburg, where most administration activities take place. By examining a cities GDP, we can get a good idea of its industries and how they contribute to the overall economic growth. Newcomers from other sectors also joined the ranks, including AI pioneer Daniel Dines and Brooklyn native Jay-Z. 2 on the list, but the city recorded a net loss of eight billionaire residents. 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. Furthermore, the Big Apple was also a popular destination for entrepreneurs and innovative businesses, furthering its reputation as a financially-savvy city. Manila: $790 million. Another crucial element is the neighborhood of Zhongguancun. Washington, District of Columbia: $578.985 Billion, 4. Adding to the diversity are biotech companies and information technologies. 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. 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. Otherwise, Los Angeles enjoys wealth from other industries related to biosciences, trade, information, transportation, and aerospace. Refer to sources for more information. Among Singapores newcomers are gaming tycoons Forrest Li and Gang Ye, cofounders of the online gaming and e-commerce firm Sea; both industries have benefited from people staying indoors and spending more time online. It is also home to Wall Street, the financial capital of the US and the world. Mumbai - City Of Dreams. 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. - Full Size", "Global Wealth PPP Distribution: Who Are The Leaders Of The Global Economy? 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. Rising development costs and foreign competition had already felled the fortunes of South Koreas pharmaceuticals sector, before coronavirus concerns hit the countrys economy in late February in total, thirteen Seoul-based billionaires dropped off the list. Photo: @Kim Kardashian West. Interactive map With about 2,320 multi-millionaires calling Paris home, the backbone of this European city relies on hospitality, commerce, transportation, and other services. In, Hurun Research Institute. Kolkata is the financial, commercial and industrial hub of the North East region. Tokyo may not be as wealthy as New York, but this megacity remains one of the richest cities in Asia. Fortune 500 companies include Comcast, Colonial Penn, Sunoco, Aramark, CIGNA, Lincoln Financial Group, and more. RICHEST RESIDENT: VLADIMIR POTANIN, $19.7 BILLION Getty Images Moscow is the only other city among the top 10, besides Shenzhen, where every single billionaire is self-made (as opposed to. 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. 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. "Leading cities with the most billionaires in 2022." Air Cargo News Awards 2020. dnata wins again. Toronto is the second largest financial center in North America, Like New York City, Torontos financial hub is populated by diverse industries. 2013", "Bevolkingsontwikkeling; Regionale kerncijfers Nederland", "Bevolkingsontwikkeling; regio per maand", "Regional gross domestic product: Year ended March 2020", "2016 Census Community Profiles: Ballarat", "2016 Census Community Profiles: Bendigo", "The top 15 Indian cities by GDP | India's top 15 cities with the highest GDP - Yahoo India Finance", "Estimates of District Domestic Product Madhya Pradesh", "Federal Statistical Office Germany - GENESIS-Online", "Dossier on the Metropolitan City of Bologna", "Regionales Energiekonzept fr den Groraum Braunschweig", "Regional GDP per capita ranged from 31% to 626% of the EU average in 2017", "1.1 Valoarea produsului intern brut pe judee i regiuni", "Regional Population: Population estimates by Significant Urban Area, 2009 to 2019", "The Online Journal of McKinsey & Company", "Statistical Communiqu of Changsha City on the 2020 National Economic and Social Development", "Regional GDP per capita in the EU in 2010", "Regional economic activity by gross value added (balanced), UK: 1998 to 2017", "Yearly Average Currency Exchange Rates | Internal Revenue Service", "Population on 1 January by age groups and sex functional urban areas", "Tanzania: GDP at current prices, by region", "Dhaka, Bangladesh GDP and Income Distribution", "China: Shndng (Prefectures, Cities, Districts and Counties) - Population Statistics, Charts and Map", "Gross Domestic Product (GDP) of the Emirate of Dubai 20062008", "Bilancio demografico anno 2015 e popolazione residente al 31 dicembre; Comune: Firenze", "Posio ocupada pelos 100 maiores municpios, em relao ao Produto Interno Bruto", "Department of Statistics Malaysia Official Portal", "Gross domestic product (GDP) at current market prices by metropolitan regions", "Significant Urban Area (SUA) ASGS Edition 2016 in .csv Format", "Bilan dmographique selon le niveau gographique institutionnel", "US Dollar to British Pound Spot Exchange Rates for 2022", "2016 Census Community Profiles: Gladstone Tannum Sands", "OECD - Metropolitan areas - Population, all ages", "3218.0 Regional Population Growth, Australia, 2017-18: Population Estimates by Significant Urban Area, 2008 to 2018", "Metropolitan Employment Area (MEA) Data", "Regional GDP per capita ranged from 30% to 263% of the EU average in 2018", "Hanoi's economic growth hits 4-year high of 7.62% in 2019", "3218.0 Regional Population Growth, Australia, 2017-18: Main Features", "Report for Selected Countries and Subjects", "DocSend - Simple, intelligent, modern content sending", "Estimates of District Domestic Product of Rajasthan for 2020-21", 2015 Census Final Data " 27 | | ", "Karachi Mega-Cities Preparation Project", "Bevlkerung nach Nationalitt und Bundeslndern", "Rodikli duomen baz - Oficialiosios statistikos portalas", https://worldpopulationreview.com/countries/cities/australia%7Caccess-date=2021-05-02%7Cwebsite=worldpopulationreview.com}}, "District Domestic Product Estimates Uttar Pradesh Year 2019-20", "World Economic Outlook Database, October 2019", "Bevlkerung der Gemeinden am 31.12.2010", "Population and employment / IMSEE - Monaco IMSEE", "Mumbai 17th in global GDP list, says survey", "Mumbai and Delhi rank as 5th and 6th largest cities in Asia with a GDP of over $400 bn: JLL 'Global 300' Rankings", "District Domestic Product of Maharashtra 2011-12 to 2019-20", "Bruttoinlandsprodukt in den Metropolregionen in Deutschland 2014 | Statistik", https://web.archive.org/web/20150924002318/http://www.espon.eu/export/sites/default/Documents/Projects/ESPON2006Projects/StudiesScientificSupportProjects/UrbanFunctions/fr-1.4.3_April2007-final.pdf, "Directorate of Economics and Statistics", https://ec.europa.eu/eurostat/documents/2995521/10474907/1-05032020-AP-EN.pdf/81807e19-e4c8-2e53-c98a-933f5bf30f58&ved=2ahUKEwi-u5GHnujpAhUOuIsKHaOlDG0QFjACegQIBRAJ&usg=AOvVaw0NnWnyaFRad5NgG3NGcbJP&cshid=1591276979492, "City of Tshwane, Metropolitan Municipality 799 from Census 2011", "PIB por Entidad Federativa (PIBE) en 2019, Base 2013", European Spatial Planning Observation Network, "Gross domestic product in regions | Oficils statistikas portls", "METRO - "The role and future perspectives of Cohesion Policy in the planning of Metropolitan Areas and Cities", "IBGE: SALVADOR ocupa 22 lugar no ranking per capita do PIB/2011", "Shanghai first Chinese city to top 3 trillion yuan GDP", "3218.0 Regional Population Growth, Australia, 201718: Population Estimates by Significant Urban Area, 2008 to 2018", "Aire d'attraction des villes 2020 de Strasbourg (partie franaise) (010)", "Population, 1 January by Year, County, Sex and Age group", " ", "Tel Aviv 2022 Global Business Cities Report", "Tokelau's Gross Domestic Product determined for first time this century", Final population counts: 2016 Tokelau Census, "Popolazione Residente al 1 Gennaio 2020", "Demo-Geodemo. Chicago, which serves as the home base for 35 Fortune 500 companies, is home to 160,100 millionaires, 340 centimillionaires and 28 . As a Premium user you get access to background information and details about the release of this statistic. 50 Richest Countries in the World 2020. One of the largest cities in the world with the GDP of about 1,520 billion dollars, Tokyo is the wealthiest city in the world in terms of GDP ranking. At its peak, General Motors enjoyed a 50% market share in the United States. Boston-Cambridge-Newton, Massachusetts. Since 1949, Beijing was considered one of China's most industrial cities. Visualizing the Global Share of U.S. Stock Markets. London and the rest of the United Kingdom finally left the European Union on January 31st, 2020. 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. Chart. In pre-Covid times, Chicago clocked round 55 million tourists in 2017. Sweeping sunsets, desert landscape, and breathtaking canyonsthese are the things that most everyone think of when someone says Arizona. The infographic above uses data from EIU to rank the world most and least expensive cities to live in. Seven cities have population more than 3 million. Property prices fell 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 newcomer real estate developer Lun Ruixiang. The city with one of the most expensive real estate markets worldwide, Hong Kong ranked fourth in this list, followed by Los Angeles, which moved up from its ninth rank in 2021. Moscow. In fact, the average annualy income in these neighborhoods is typically over 100,000. This California city is home to prominent billionaires like Mark Zuckerberg, Laurene Powell Jobs, Brian Chesky, and Jack Dorsey, with many of these billionaires possessing assets worth over $8 billion USD. Cebu City: $660 million. When is it OK to Buy a House Site Unseen as an Investor? Finally, Oceania has two cities on the list, both located in Australia. This international city is also attractive to domestic and foreign investors alike. The list of top 50 richest football clubs in the world ranked by Forbes have been revealed. If youre looking, Read More The 20 Cheapest Places to Buy Land in the U.S. 2022Continue. On a related note, there is a sizeable population of secondary homeowners in London. Tourism is another major contributor to the economy of Philadelphia. Delhi city is the second most populated city in the world with a 30,291,000 million population. With the onset of free-market reforms in the 1990s, Beijing saw its economic development soar. The ideal entry-level account for individual users. Meanwhile, seven cities in Asia with the common denominator of high-income inequality and low wages dominate the list of the worlds cheapest cities. 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. Out of the 2,095 members of the 2020 Forbes Worlds Billionaires list, 552 live in just ten cities. "Leading Cities with The Most Billionaires in 2022. San Francisco has a rich economic history,,one that includes the wealth generated by the California Gold Rush. You need a Statista Account for unlimited access. Kimberly Noel Kardashian West is an American media personality, socialite, model, businesswoman, producer, and actress. Kolkata- GDP $150.1 Billion. Shipping isnt the only industry which brings revenue into SEZ, its also the sizable industrial parks, high-tech industries and of course, trade. Where are the German and Chinese Cities? Till 2030, Tokyo city will project to be the top-most populated city on earth. area followed by Delhi, Kolkata, Bangalore and Chennai. Kolkata is house of many Indian corporations like Coal India Limited, ITC Limited, Britannia Industries, Allahabad Bank,. After all, Paris is one of the hotbeds of world tourism, its the city of love and art. 1. The median home value for the lower Tribeca area is around $2.5 million. These include three Indian cities, Tashkent in Uzbekistan, Almaty in Kazakhstan, Pakistans most populous city of Karachi, and Sri Lankan capitalColombo. 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. 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. This international city has over 192,000 resident millionaires with 34 billionaires. Mumbai gained one billionaire resident since 2019, losing five billionaires but adding six newcomers. He is popularly known for his role as Madea on House of Payne. The San Francisco Bay Area boasts 276,400 millionaires. Keep in mind that state-owned corporations in China get tremendous government support no matter what the economic conditions, even Global 500 companies like SAIC Motor and China National Petroleum. In particular, the United States claims five of the cities in the top 10, including the very top spot with New York City. For instance, Osaka is home to major electronics corporations like Sharp and Panasonic as well as pharmaceutical companies, food, retail and trading companies. Visakhapatnam - Industrial Port Of India. Although she spends most of her time writing, she also enjoys spending time with her husband and four children, watching films, cooking, dining out, reading, motorsports, gaming, and walking along the beach next to her house with her dog. 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. A little known fact is that L.A. is the manufacturing center of the country. Then you can access your favorite statistics via the star in the header. 1. 1. Dallas Number of individuals with a net worth of $5 million or more: 36,515 Percentage of global population: 1.2% 9. The top 10. Frankfurt in Germany is the second richest city after Dublin with an income of $102,941 per capita. A massive powerhouse in Seoul is Samsung. "The Sy siblings took the biggest hit in dollar terms but remain at No. Profit from the additional features of your individual account. The city contributes about 30% of goods sold in Russia. In 2019, the Northern California city attracted 26.2 million visitors who spent around $10.3 billion USD in the city. Does your team make it in the top fifty richest soccer clubs in 2022? 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. 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.