Zurich, Switzerland - 27.34% Millionaires. About 300 cities have population over 1,00,000. There are many benefits to living in an iconic city like New York or Singapore, but the amenities and exclusivity can come at a high cost. , who is also the richest person in the nation. She finds almost all topics she writes about interesting, but her favorite subjects are travel and food. Lower down the list So, which cities are lower ranked than in previous years? 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. 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. A huge part of this development was the influx of multi-national corporations. How does a city become one of the wealthiest 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. 10. A little known fact is that L.A. is the manufacturing center of the country. These cities have a combined GDP of $2.4st trillion, equating to more than double that of second-place San Francisco. The typical American household earns $57,617 per year. 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. London and Paris are the major and richest cities in Europe with a GDP of US$835 billion and US$822 billion respectively. The four cities that made the top 50 in 2019 but did not make . There are 4,000 cities and towns in India. London is ranked second with $2.7 billion in private wealth. Let me take you through the updated list of the World's richest cities as of 2022. Billionaire refers to U.S. dollar billionaire. Tokyo is the most fascinating city to live in but also the most densely packed. the country's economy as a whole is one of the fastest growing in the world. Tokyo has 39 million residents which are 50% more than any other urban area of the world. For the fourth straight year, Atherton topped Bloomberg's Richest Places annual index. The Big Smoke is no stranger to economic prosperity. 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. 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. Loudoun County is the richest county in the USA, with an estimated average household income of $ 117,876. 9 last year. 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. Richest Cities in the World. A big economic draw for San Francisco is its close proximity to Silicon Valley. These four cities are home to 228 billionaires. 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. Singapores richest resident. [3] List [ edit] Luxury services also play a significant factor in Paris' economy, acting as a hub for famous brands like Mot, Cartier, and Louis Vuitton. This list is incomplete, as not all companies disclose their information to the general public. Newcomers from other sectors also joined the ranks, including AI pioneer Daniel Dines and Brooklyn native Jay-Z. Liz Flynn has worked as a full-time writer since 2010 after leaving a career in education. Four cities made the list for the first time: Blackhawk, California; New Albany, Ohio; Long Grove, Illinois; and Darnestown, Maryland. 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. The top ten richest cities in the world based on private wealth include: Even though the city was riddled with the effects of the pandemic, Job growth occurred with another 5,700 jobs added. Accessed March 04, 2023. https://www.statista.com/statistics/299494/billionaires-top-cities/, Hurun Research Institute. In order to recoup losses, in June of 2022, the city of Shanghai released a post-lockdown business recovery plan. 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. The Top 5 Cities in Mexico. 1. It had about 2,000 inhabitants at the time. Principal industries which were the engine behind Moscows economy are textile, metallurgy, energy, and chemical. The Top 25 Cities in the World in 2020. Situated in the southern part of California, Los Angeles is known for its large population of celebrities, tech moguls, and the financially fortunate. In fact, London is one of the chief financial centers 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. 2 on the list, but the city recorded a net loss of eight billionaire residents. According to a study by Teleport, Osaka scores well when it comes to affordable housing, community safety, business, and healthcare. 1. Despite being significantly smaller than Los Angeles, San Francisco houses more millionaires than its southern California counterpart. Makati City: $4.48 billion. One dropoff is. 1. Much like Shanghai, Beijing enjoys a reputation as one of the Asia's (and the world's) wealthiest cities. The top 10. Hong Kong is once again the city with the second most billionaires in the world. 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. New York City notched the top spot for the sixth year running, growing its count of billionaire city dwellers by eight compared to 2019. This international city is also attractive to domestic and foreign investors alike. The Richest Cities are shown below, based on GDP (Gross Domestic Product) data from 2011. The international city of romance boasts an economically wealthy status. Founded in 1630, Boston is one of our countries oldest cities. In fact, according to this chart, you can see that manufacturing takes the lead with 16.6 percent followed by retail at 16.6 percent and real estate at 11.4 percent. Home to about 393,000 millionaires, Seoul's economy is rooted in manufacturing, financial services, and transportation. Current Health Expenditure per Capita. $516.5. The Football Lovers Menu News Premier League Manchester City Manchester United Liverpool Chelsea Arsenal Leicester City Tottenham Hotspur West Ham United Everton Transfers Top 10 Quizzes [1] The list is limited to the top 50 companies, all of which except Elevance Health have annual revenues exceeding US$140 billion. By examining a cities GDP, we can get a good idea of its industries and how they contribute to the overall economic growth. Surat - City Of Sun. Which Countries Have the Lowest Inflation? Other notable NYC billionaire residents include hip-hop superstar, , the widow of former Koch Industries magnate. 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. 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. Available: https://www.statista.com/statistics/299494/billionaires-top-cities/, Leading cities with the most billionaires in 2022, Available to download in PNG, PDF, XLS format, Global billionaire population by region 20121, Growth of billionaire wealth globally 2020, by industry, Age distribution of billionaires globally 2021, Value added to the wealth of the world's leading billionaires during pandemic 2021, Number of billionaires worldwide by wealth source 2021, Wealth distribution of billionaires around the world 2021, Total wealth distribution of billionaires around the world 2021, Share of the global wealth held by the richest percent 2010-2021, Distribution of billionaires worldwide 2021, by gender, Youngest billionaires globally 2022, by net worth, Richest self-made women in the United States 2022, based on net worth, Distribution of billionaires in the U.S. by gender 2022, Source of billionaire's wealth worldwide in 2020, by gender, Number of ultra high net worth individuals 2021, by region, Ultra high net worth individuals 2021, by country, Share of the world's billionaires by region 2021, Number of billionaires in Europe in 2021, by country, Wealth of billionaires around the world by region 2021, Primary industries of billionaires worldwide 2021, Breakdown of the average billionaire's wealth worldwide 2021, by assets, Most affluent people in the tech industry worldwide 2022, by net worth, Countries with the biggest emigration of millionaires 2020, Average net worth of billionaires worldwide, 2013, Top 10 countries by average wealth of billionaires 2013, Top 10 countries by the number of billionaires per capita 2013, African cities with the most billionaires, as of 2014, Educational attainment of billionaires worldwide, 2013, Number of billionaires in Africa 2013, by country, Gender distribution of billionaires worldwide, 2013, Top 10 countries by percentage of female billionaires 2014, Average number of children of billionaires worldwide, 2013, Marital status of billionaires worldwide, 2013, Source of billionaire's wealth worldwide, 2013, Average age of billionaires worldwide, 2013, Number of billionaires in select European cities 2014-2018, Top 10 countries by the percentage of female billionaires 2013, Investments of high-net-worth individuals, Find your information in our database containing over 20,000 reports, the most significant industries in the global billionaire production line. 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. Our ranking shows the 50 wealthiest countries, measured by gross domestic product per capita and adjusted by the purchasing in the respective country. Foreign corporations such as IBM, Nestle, Hewlett-Packard and more flooded Beijing, causing a rapid economic expansion. Dublin is the wealthiest city, with a per capita income of $115,094. Its been rapidly replaced by information tech and financial services. 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. Show publisher information 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. For instance, Osaka is home to major electronics corporations like Sharp and Panasonic as well as pharmaceutical companies, food, retail and trading companies. Number of individuals with a net worth of $5 million or more: 49,005 Percentage of global population: 1.7% Paris is the capital and most populous city of France, with an estimated population of 2,150,271 residents as of 2020, in an area of 105 square kilometers (41 square miles). 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. Richest Places in the World According to a recent study by Forbes, the five richest cities in the world are Tokyo, New York City, Los Angeles, London, and Paris. 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. 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, . 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; 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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. In 2022, cities with strong oil and gas industries like Riyadh, Sharjah, Dubai, Luanda, Abu Dhabi, Doha, and Lagos grew exceptionally. Geneva, Switzerland - 17.92% Millionaires. Since 1949, Beijing was considered one of China's most industrial cities. In fact, Seoul is known as the most wired city in the world due to the high concentration of high-tech industries. 3. 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). Seven cities have population more than 3 million. 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. 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.". When Covid struck, global traveling came to a halt, and for a while Macao even slipped out of the 10 richest nations ranking. This site uses Akismet to reduce spam. Most affluent women worldwide 2022, by net worth, Worldwide wealth distribution by net worth of individuals 2021, Countries with the highest wealth per adult 2021. San Ramon ranks among the top ten safest cities in California. 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. China retains its title as the country with the most cities in the top 10, with Shenzhen moving up one spot to No. Paris is also home to several Fortune Global 500 companies such as, BNP Paribas, Peugeot, CNP Assurances, SNCF, Vivendi and more. As a Premium user you get access to the detailed source references and background information about this statistic. China retains its title as the country with the most cities in the top 10, with Shenzhen moving up one spot to No. Los Angeles, Chicago and Houston round out the top five. Its no surprise that its capital city of Damascus has maintained its position as the worlds cheapest city. Two of those in Beijing are new billionaires this year: Larry Xiangdong Chen of GSX Techedu and Liu Yachao of TAL Education Group, both of whom own companies that provide online education and after-school tutoring for students. Meanwhile, seven cities in Asia with the common denominator of high-income inequality and low wages dominate the list of the worlds cheapest cities. South Koreas Wall Street is the Korea Exchange in Yeoui Island. Toronto is the second largest financial center in North America, Like New York City, Torontos financial hub is populated by diverse industries. Photo: @Kim Kardashian West. Hurun Research Institute. Kolkata is the financial, commercial and industrial hub of the North East region. 11. This may not be surprising, considering the U.S. is the world's largest wealth marketit holds over 29% of the world's wealth. From Singapore To New York City, more than 26% of the worlds 2,095 billionaires live in just 10 cities on three continents. 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. Top Cities in the World to Visit. Once a leader in the manufacturing industry, that industry has been bowing to more modern industries like high tech, financial services and electronics. Taguig City: $480 million. area followed by Delhi, Kolkata, Bangalore and Chennai. Burundi GDP Per Capita: 724 Burundi, located in Central Africa, is the number one poorest country in the world by current figures. 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. If that is the case, knowing its cost of living is vital. Kolkata is the third richest city in South Asia after Mumbai and Delhi. As of March 2023, MacKenzie Scott's net worth is estimated to be $33.3billion. Swift reportedly owns about $40 million worth of property in the area.