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Tokyo has 39 million residents which are 50% more than any other urban area of the world. 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. Gautam Shantilal Adani. At 35 years old, Mark Zuckerberg is the youngest richest person by more than a decade. Meanwhile, Barcelona dropped to No. Once a top contender in manufacturing, today manufacturing revenue covers only around 10 percent of the economy. A big economic draw for San Francisco is its close proximity to Silicon Valley. Its no surprise that its capital city of Damascus has maintained its position as the worlds cheapest city. She was the wife of Jeff Bezos, founder of Amazon. ed 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. Today, with 272,400 millionaires, the city holds a more humble position. E-commerce has seen a boom in China since millions of citizens were locked down in an effort to slow the spread of the coronavirus in January, boosting the fortunes of online retail titans like Colin Huang. London has been the worlds wealthiest city for years, but over the past decade there has been an outflow of millionaires. Pasay City: $350 million. If you are an admin, please authenticate by logging in again. San Francisco has a rich economic history,,one that includes the wealth generated by the California Gold Rush. London and Paris are the major and richest cities in Europe with a GDP of US$835 billion and US$822 billion respectively. Richest Cities in the World. And for the sixth year in a row, more billionaires call New York City home than any other city in the world. 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. Here are the 10 cities in the world with the most billionaires: New York City notched the top spot for the sixth year running, growing its count of billionaire city dwellers by eight compared to 2019. Other industries driving their economy are tech, tourism, and the service industries such as hospitality. Industries that have found success in the city include food processing, manufacturing, publishing, insurance and tourism. Pune - Oxford Of The East. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Kolkata is the third richest city in South Asia after Mumbai and Delhi. Being the largest city of the country, Mumbai is extensively . You need at least a Starter Account to use this feature. Four cities made the list for the first time: Blackhawk, California; New Albany, Ohio; Long Grove, Illinois; and Darnestown, Maryland. San Francisco also has the highest median household income in the country. 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. One dropoff is. Companies that have offices in Boston include BNY Mellon, Goldman Sachs and Microsoft. In fact, such diversity plays well in times of economic hardship, which includes the recent downturn caused by the pandemic. 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. Those include, , who heads Indias largest paint company, Asian Paints, and the, , who control adhesives and sealants maker Pidilite Industries. 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. These four cities are home to 228 billionaires. On this list, New York City was ranked as the richest city with a total of $3 trillion in private wealth. While Shenzhens export-led manufacturers have. 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. Moscow. To this day, Macao is the only country on the list whose per-capita purchasing power is lower than it was before the start of the pandemicabout $125,000 in 2019, down by $40,000 today. 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! City employment is driven by AT & T, Walgreens, Abbott Labs, the CTA, Walmart and Allstate Insurance, among others. Reportedly, Moscovites earn a higher salary compared to national average, with many much of their income tied to renting real estate property and entrepreneurial ventures. 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. What is the Cost of Living in New Hampshire? India is the world's second-most populous country, with several large cities and densely inhabited areas. These figures were taken after the market close on September 18, 2020. Even though the city was riddled with the effects of the pandemic, Job growth occurred with another 5,700 jobs added. It takes decades of consistency for these factors turn a place around in terms of success and richness; a city can not accumulate wealth overnight, and if it does, this wealth will most likely not stick around for long. Top 10 Poorest Countries In The World 1. A huge part of this development was the influx of multi-national corporations. Meanwhile, seven cities in Asia with the common denominator of high-income inequality and low wages dominate the list of the worlds cheapest cities. In addition, Singapores political stability, low crime rate, and high standard of living have also contributed to its appeal as a place to live and work. 5. When Covid struck, global traveling came to a halt, and for a while Macao even slipped out of the 10 richest nations ranking. Taguig City: $480 million. If that is the case, knowing its cost of living is vital. Mumbai gained one billionaire resident since 2019, losing five billionaires but adding six newcomers. 12. Additionally, the world's major companies are headquartered in Seoul, which include Samsung, Hyundai, LG, and Kookmin Bank. Moreover, a portion of Beijing's rapid economic growth is the product of international investments, registering over 45,000 foreign-invested businesses in 2020. 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. Singapores richest resident. 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. The Richest Cities are shown below, based on GDP (Gross Domestic Product) data from 2011. The four cities that made the top 50 in 2019 but did not make . The top 10 richest families in 2022 by estimated wealth are: The Walton family with $224.5 billion The Mars family with $160 billion The Koch family with $128.8 billion The Al Saud family with. This includes the burgeoning FinTech, or financial technology industries. 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, . 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,. Moreover, much of London's wealth is concentrated in neighborhoods like Westminster, Kensington, Islington, and Chelsea. 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. 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. 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. 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. Rankings of Cities and Municipalities are based on the sum of their scores on 4 Pillars: Economic Dynamism, Government Efficiency, Infrastructure, Resiliency, and Innovation.Provincial rankings are based on population and income weighted average of the Overall scores of cities and municipalities under a province. The cannabis business is rather recent, but also encourages financial growth for the city. This site uses Akismet to reduce spam. By examining a cities GDP, we can get a good idea of its industries and how they contribute to the overall economic growth. But the Nations Valentine has so much more to offer. If we're looking at cities in terms of total wealth, then the Big Apple leads the pack by a country mile. 10. 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. 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 wealthy city-state has 31 billionaire residents, up from 22 last year, and replaces Seoul in the top 10. Cities may be defined as the cities proper, the extent of their urban area, or their metropolitan regions. The Top 5 Cities in Mexico. As of March 2023, MacKenzie Scott's net worth is estimated to be $33.3billion. Though affordability sounds good at face value, sitting at the bottom of the ranking isnt necessarily a coveted position. Beijing's richest billionaire is the founder of TikTok (among other things), Zhang Yiming with a net worth of $35.6 billion. 7 and Shanghai and Beijing staying flat at No. It had about 2,000 inhabitants at the time. The richest country in the world is Luxembourg. Among the top 50, Aruba will climb five spots. "Leading cities with the most billionaires in 2022." 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. Ever since, San Francisco has remained a strong financial stronghold for the state of California. According to the United Nations' latest report on populations in cities, by 2030, "urban areas are projected to house 60 percent of people globally and one in every three people will live in . 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. The infographic above uses data from EIU to rank the world most and least expensive cities to live in. 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. 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. Beijing also has a sizeable billionaire population of 100 people, compared to any other international city. 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. Paris, which has topped the ECA list in the past, dropped out of the top 30. London, United Kingdom: $978.402 Billion, 2. This international city has over 192,000 resident millionaires with 34 billionaires. 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. Surprisingly, this is the Big Apples first time atop the ranking. For the first time, revenues from Global 500 companies in Greater China (including Taiwan). In particular, the United States claims five of the cities in the top 10, including the very top spot with New York City. New York's richest person and former mayor, Michael Bloomberg, is worth $59 billion. China retains its title as the country with the most cities in the top 10, with Shenzhen moving up one spot to No. New York is the wealthiest city in the worldhome to 345,600 millionaires with a total private wealth that exceeds $3 trillion. 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. These are of very low quality and should be avoided. Once considered a major shipping hub to the world, that distinction has been replaced by the service industries, such as financial services. Click on the headers to reorganize columns. 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. The median home value for the lower Tribeca area is around $2.5 million. The country is entirely landlocked and is surrounded by Rwanda, Tanzania, and the Democratic Republic of Congo. New York is the wealthiest city in the worldhome to 345,600 millionaires with a total private wealth that exceeds $3 trillion. However, its also a city steeped in industry. Despite suffering a tough downturn due to the pandemic, Shanghai remains one of the worlds richest cities.