Top 100 cities with highest median household income - City-Data This includes the burgeoning FinTech, or financial technology industries. New York City is also considered the country's leader in finance due to its storied past. China's capital city offers services in key sectors related to finance, information technology, scientific research, and industry. 50 Richest Cities in the World | Ventured (March 17, 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. These Are the Richest Cities, Municipalities, and Provinces in the 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. 3. Cities may be defined as the cities proper, the extent of their urban area, or their metropolitan regions. 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. 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. 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. Singapore broke into the top 10, replacing Seoul, which was No. 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. U.S. Inflation: How Much Have Prices Increased? Mapped: Europes Biggest Sources of Electricity by Country, Visualizing the Scale of Global Fossil Fuel Production, Visualizing U.S. 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. With the onset of free-market reforms in the 1990s, Beijing saw its economic development soar. Lets take a closer look at some of the top-ranking cities making the list. Leading cities with the most billionaires in 2022 [Graph]. After all, Paris is one of the hotbeds of world tourism, its the city of love and art. Fortune 500 companies located in the Rhine-Ruhr metropolitan area include: ThyssenKrupp AG, RWE AG, Bayer AG, Evonik Industries, among others. 2 on the list, but the city recorded a net loss of eight billionaire residents. Moreover, much of London's wealth is concentrated in neighborhoods like Westminster, Kensington, Islington, and Chelsea. 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. For instance, Osaka is home to major electronics corporations like Sharp and Panasonic as well as pharmaceutical companies, food, retail and trading companies. Click on the headers to reorganize columns. 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. The collective net worth of the citys billionaires is $424 billion, down $45.7 billion from a year ago. New York is the wealthiest city in the worldhome to 345,600 millionaires with a total private wealth that exceeds $3 trillion. Let's consider New York City. The ideal entry-level account for individual users. 27. Use Ask Statista Research Service. 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. Most of the cities in our list have a similar history in terms of long-standing economical power (Tokyo, Paris, London), while others seem to have gained most of their wealth in the past 2 to 3 decades (San Francisco.). 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The Periodic Table of Commodity Returns (2013-2022), Visualizing 25 Years of Lithium Production, by Country, Ranked: The Worlds Largest Copper Producers, All the Metals We Mined in 2021: Visualized, Chart: Automakers Adoption of Fuel-Saving Technologies, Explainer: What to Know About the Ohio Train Derailment, A Visual Crash Course on Geothermal Energy. Pasig City: $710 million. Frankfurt in Germany is the second richest city after Dublin with an income of $102,941 per capita. We added hundreds of new lists - see our top 101 city lists. Top 50 Richest People in the World - Moneymint Much like Shanghai, Beijing enjoys a reputation as one of the Asia's (and the world's) wealthiest cities. Though affordability sounds good at face value, sitting at the bottom of the ranking isnt necessarily a coveted position. 6 and No. San Francisco also has the highest median household income in the country. Their net worth is based on the data from 2022 available on their respective Forbes profiles. 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). Atherton, CA (income: $525,324/ bailout: $3.8 million) - With a median home price of. There are 4,000 cities and towns in India. 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. Additionally, factors such as taxes, transportation costs, and availability of goods and services can also contribute to the overall cost of living in global cities. 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. Currently, 43 Fortune 500 companies that call New York City home include: Verizon, JP Morgan, Pfizer, Citigroup, MetLife, Goldman Sachs, Morgan Stanley, and more. 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. Tokyo may not be as wealthy as New York, but this megacity remains one of the richest cities in Asia. Situated in the southern part of California, Los Angeles is known for its large population of celebrities, tech moguls, and the financially fortunate. You need a Statista Account for unlimited access. As a major commercial hub for England, a number of established companies are found in London, such as Unilever, Barclays, BP, and Shell. Let me take you through the updated list of the World's richest cities as of 2022. One dropoff is Rajan Raheja, a member of the citys Raheja real estate clan, who was worth an estimated $2.3 billion last year. Before the Ukraine invasion, Moscow was the economic hub of Russia. This international city has over 192,000 resident millionaires with 34 billionaires. Makati City: $4.48 billion. Los Angeles, USA The city of Los Angeles makes significant efforts to foster economic growth in the local community. But what are the fastest growing cities for the rich? 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 Dmitry and Igor Bukhman, founders of online gaming firm Playrix; and Camilla de Godoy Bueno Grossi, who inherited part of the fortune of her late father, Brazilian healthcare tycoon Edson de Godoy Bueno. The Richest Cities are shown below, based on GDP (Gross Domestic Product) data from 2011. Kolkata is house of many Indian corporations like Coal India Limited, ITC Limited, Britannia Industries, Allahabad Bank,. Its also host to the headquarters of around 75 percent of the worlds Fortune 500 companies. 2 on the list, but the city recorded a net loss of eight billionaire residents. "The Sy siblings took the biggest hit in dollar terms but remain at No. The richest person in New York City is Bloomberg LP founder and former Mayor Michael Bloomberg, who spent nearly $1 billion of his $48 billion fortune on a failed presidential campaign before dropping out in March to endorse Joe Biden. It had about 2,000 inhabitants at the time. This video will compare the top 50 richest people in the world by net worth in 2020. In fact, London is one of the chief financial centers of the world. New York. 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. Toronto is the second largest financial center in North America, Like New York City, Torontos financial hub is populated by diverse industries. If we're looking at cities in terms of total wealth, then the Big Apple leads the pack by a country mile. . 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. 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. Major metropolitan areas contributing at least 2.5% of world GDP. The city-state of Singapore is the wealthiest country in Asia, with a per-capita GDP of . 20 Cities with the Worst Weather in the U.S. How Eiza Gonzalez Achieved a Net Worth of $5 Million. Interactive map As of March 2023, MacKenzie Scott's net worth is estimated to be $33.3billion. The largest economy in states, New York Citys prosperity is rooted in Wall Street. Air Cargo News Awards 2020. dnata wins again. RANKED: These Are The 50 Richest Towns To Live In The United States, 2020 Finally, London hosts some of the most prominent Fortune Global 500 companies such as Lloyds Banking Group, Prudential, J Sainsbury, BP, Tesco and Vodafone Group, among others. London City | Photo: Reuters 7. The billionaire's rank, nationality, and source of his or her wealth is listed. L.A. makes good use of both job training programs and development projects. More than 80% of Russias, call its capital home, including mining mogul. According to various estimates, the Japanese capital is home to 13.1 to 13.7 million people. Some of them have topped the rankings for decades, while some others are less well-known. Dallas plays host to a variety of industries, and its these industries which are responsible for the economic growth of the Dallas metropolitan area. Both these cities had high inflation and a strong currency. Ranked: The World's Wealthiest Cities, by Number of Millionaires The decade-long conflict in Syria weakened the Syrian pound, led to a spiraling inflation and fuel shortages, and further collapsed its economy. Otherwise, Los Angeles enjoys wealth from other industries related to biosciences, trade, information, transportation, and aerospace. ", Hurun Research Institute, Leading cities with the most billionaires in 2022 Statista, https://www.statista.com/statistics/299494/billionaires-top-cities/ (last visited March 04, 2023), Leading cities with the most billionaires in 2022 [Graph], Hurun Research Institute, March 17, 2022. 50 Largest Cities in the World - 24/7 Wall St. 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,. Mapped: The Top 10 Billionaire Cities - Visual Capitalist Visakhapatnam - Industrial Port Of India. If you are an admin, please authenticate by logging in again. Beijing also has the dubious distinction of being the knock-off capital of the world. The manufacturing and export hub across from Hong Kong added five members to the three-comma-club in the last year, all of them self-made. This may not be surprising, considering the U.S. is the world's largest wealth marketit holds over 29% of the world's wealth. In 2019, San Francisco's tourism industry resulted in 86,111 jobs. Seoul is a gorgeous city and the economic hub of South Korea. Top 10 Richest Cities in the World - Luxatic 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. Most such agglomerations are economically, socially and culturally dominated by one city at their centre. London and the rest of the United Kingdom finally left the European Union on January 31st, 2020. Other notable NYC billionaire residents include hip-hop superstar Jay-Z and Julia Koch, the widow of former Koch Industries magnate David Koch. However, its also a city steeped in industry. Beijing's richest billionaire is the founder of TikTok (among other things), Zhang Yiming with a net worth of $35.6 billion. This included plans of action to assist with rent, taxes, business subsidies and more. New York's richest person and former mayor, Michael Bloomberg, is worth $59 billion. Tokyo has 39 million residents which are 50% more than any other urban area of the world. The company currently focuses on its four core brands: Cadillac, Chevrolet, GMC and Buick. Moreover, when it comes to its residents, there are about 9,210 multi-millionaires calling London home, as well as 38 billionaires. $520.1. London is ranked second with $2.7 billion in private wealth. The cities shown in our visualization are already well-established locations for high-net-worth individuals. This year 92 billionaires live in the Big Apple as their primary residence 8 more than a year ago. The 10 Best Places to Live in Mexico for Americans, The 20 Cheapest Places to Buy Land in the U.S. 2022, 20 Cities with The Worst Weather in Europe, How Zac Stacy Achieved a Net Worth of $6 Million. 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. The cannabis business is rather recent, but also encourages financial growth for the city. MacKenzie Scott is an American novelist and philanthropist. Newcomers to the billionaire ranks who live in San Francisco include private equity dealmaker Orlando Bravo and cloud communications entrepreneur Vlad Shmunis. The top 10 richest cities in the Philippines. Some cities have some obvious billionaires that come to mind. For the first time, revenues from Global 500 companies in Greater China (including Taiwan). 1. Top 50 Richest People in the World (2020) | Top Richest The San Francisco Bay Area boasts 276,400 millionaires. 9 last year. These figures were taken after the market close on September 18, 2020.