In the past, manufacturing was seen as a booming sector in Shanghai, but lately its slowed and is being replaced by financial services, trade, information tech, real estate and commerce, among others. Once a top contender in manufacturing, today manufacturing revenue covers only around 10 percent of the economy. Tripoli and Tehran, the capitals of Libya and Iran, respectively, follow next on this list, reflecting their weakened economies. Beyonc, Jay Z and Taylor Swift are just a few of the celebrities who own property in Tribeca. The cities shown in our visualization are already well-established locations for high-net-worth individuals. He also praises the seafood, arts scene and welcoming atmosphere, though other critics call Seattle residents overly materialistic. With the onset of free-market reforms in the 1990s, Beijing saw its economic development soar. Beijing's richest billionaire is the founder of TikTok (among other things), Zhang Yiming with a net worth of $35.6 billion. But what are the fastest growing cities for the rich? City employment is driven by AT & T, Walgreens, Abbott Labs, the CTA, Walmart and Allstate Insurance, among others. 7 and Shanghai and Beijing staying flat at No. There are 4,000 cities and towns in India. A paid subscription is required for full access. Let's consider New York City. Rankings of Cities and Municipalities are based on the sum of their scores on 4 Pillars: Economic Dynamism, Government Efficiency, Infrastructure, Resiliency, and Innovation.Provincial rankings are based on population and income weighted average of the Overall scores of cities and municipalities under a province. Till 2030, Tokyo city will project to be the top-most populated city on earth. Other industries which thrive here are those in high-tech, scientific R&D, professional services such as legal, insurance, finance and public administration. Cities become expensive due to a variety of factors such as high demand for housing, a concentration of high-paying businesses and industries, and a high standard of living. (Video) TOP 10 RICHEST CITIES In The World 2021 (Uncover) Which is the richest city in the world 2022? Top 10 Richest Asian Countries (2020 GDP, Int$ PPP - World Bank) China - $24.27 trillion; . 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,. According to a study by Teleport, Osaka scores well when it comes to affordable housing, community safety, business, and healthcare. This statistic is not included in your account. The collective net worth of the citys billionaires is $424 billion, down $45.7 billion from a year ago. These are of very low quality and should be avoided. 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. 10. Where are the German and Chinese Cities? 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. Cebu City: $660 million. The top 10 riches cities in the world behind New York City were Tokyo, San Francisco Bay Area, London, Singapore, Los Angeles and Malibu, Chicago, Houston, Beijing, and Shanghai. Fortune 500 companies include Discovery Communications, Fannie Mae, Walmart and CACI International among others. Mumbai gained one billionaire resident since 2019, losing five billionaires but adding six newcomers. It has a diverse stable economy ranging from Gas Extraction and Manufacturing, Companies and Enterprise, and Retail Trade. 20 Cities with the Worst Weather in the U.S. How Eiza Gonzalez Achieved a Net Worth of $5 Million. Another crucial element is the neighborhood of Zhongguancun. 1. 9 last year. She finds almost all topics she writes about interesting, but her favorite subjects are travel and food. Fortune Global 500 companies housed in Moscow include Gazprom, Rosneft Oil and Sistema among others. London and the rest of the United Kingdom finally left the European Union on January 31st, 2020. 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. More than 80% of Russias, call its capital home, including mining mogul. The top 10. The Chinese capitals tally of ten-figure-fortunes rose by six since last year to reach 67 billionaires. 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. He worked to revolutionize transportation on earth. Kuwait (-4) will be the worst loser, followed by The Bahamas (-3) and Iceland (-3). , who is also the richest person in the nation. The typical American household earns $57,617 per year. 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. Then you can access your favorite statistics via the star in the header. How many millionaires, centimillionaires, and billionaires live in the worlds wealthiest cities? New Delhi- GDP $293.6 Billion. Click on the headers to reorganize columns. Beijing is the capital of China and has a population of over 20 million. San Francisco also has the highest median household income in the country. Los Angeles is not California's only wealthy city! About 300 cities have population over 1,00,000. In fact, such diversity plays well in times of economic hardship, which includes the recent downturn caused by the pandemic. Seven cities have population more than 3 million. 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. 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. Newcomers to the billionaire ranks who live in San Francisco include private equity dealmaker Orlando Bravo and cloud communications entrepreneur Vlad Shmunis. Fortune Global 500 companies in Tokyo include: Honda Motors, Hitachi, Sony, Mitsubishi and more. Tokyo is also a major center for banking and insurance, and is home to many multinational companies like Honda and Sony. Being the largest city of the country, Mumbai is extensively . 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. The richest city in the world is Tokyo. Reportedly, the top 20% earners in the city have an average salary of over $280,000 USD, with the top 5% earning over $530,000 USD. Image Source. 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. area followed by Delhi, Kolkata, Bangalore and Chennai. Blessed with an affordable cost of living, two stunning shorelines, vibrant cities, and swathes of glorious scenery, its understandable, Read More The 10 Best Places to Live in Mexico for AmericansContinue, If you live in Kentucky already, then youll already be well aware that when it comes to crime, the Bluegrass State is doing pretty well for itself. Photo: @Kim Kardashian West. In 2019, the Northern California city attracted 26.2 million visitors who spent around $10.3 billion USD in the city. 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 metropolitan area of Rhine-Ruhr is divided into 3 regions, and each region contributes to the GDP of the entire Rhine-Ruhr metropolitan area. Wealthiest cities (amount in billions . Tokyo is the economic hub of Japan and is one of the most important cities in the world for business and finance. Newsletter. Home to 12 Fortune 500 companies, the city of Philly is Pennsylvanias financial hub. Tokyo's wealth is also tied to the Tokyo Stock Exchange (TYO), regarded as one of the largest stock exchanges in the world. Another industry that rains gobs of revenue on the City of London is the tourism industry with over 20 million visitors per year. Being China's largest city, Shanghai also houses on of the world's largest ports, due to its proximity to the Yangtze River Delta. Delhi city is the second most populated city in the world with a 30,291,000 million population. Visualizing the Global Share of U.S. Stock Markets. 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. 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. 13. Cairo Cairo Pyramids Hotel - Cairo, Egypt (photo: Marriott) ADVERTISEMENT Located along the Nile River, Cairo is one of the. Geneva, Switzerland - 17.92% Millionaires. Paris, which has topped the ECA list in the past, dropped out of the top 30. 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 in the UAE became millionaire magnets, attracting over 4,000 millionaires in 2022. China is crucial to the worlds supply chain, and Shenzhens container port is one of the largest. 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.". [1] The list is limited to the top 50 companies, all of which except Elevance Health have annual revenues exceeding US$140 billion. 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. Please do not hesitate to contact me. Los Angeles, Chicago and Houston round out the top five. Gautam Shantilal Adani. Other industries driving their economy are tech, tourism, and the service industries such as hospitality. Standing as one of Russia's largest industrial and financial centre, much of the country's wealth is still tied to this capital city. One dropoff is. In some U.S. cities, however, more than half of all households earn $70,000-plus. 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. 7 and Shanghai and Beijing staying flat at No. Pasig City: $710 million. One dropoff is Rajan Raheja, a member of the citys Raheja real estate clan, who was worth an estimated $2.3 billion last year. 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. 1. , a member of the citys Raheja real estate clan, who was worth an estimated $2.3 billion last year. We added hundreds of new lists - see our top 101 city lists. Home to both invention and innovation, animes, mangas and of course, robots, Tokyo is known as the financial center of the world. The decade-long conflict in Syria weakened the Syrian pound, led to a spiraling inflation and fuel shortages, and further collapsed its economy. U.S. Inflation: How Much Have Prices Increased? Let me take you through the updated list of the World's richest cities as of 2022. London has been the worlds wealthiest city for years, but over the past decade there has been an outflow of millionaires. Shanghai. If we're looking at cities in terms of total wealth, then the Big Apple leads the pack by a country mile. New York. Other profitable sectors include information technology, medical technology, retail, financial and legal sectors. Use Ask Statista Research Service. Hong Kong is once again the city with the second most billionaires in the world. Shibuya Crossing, one of the busiest crosswalks in the world, in Tokyo, Japan Tokyo's wealth is also tied to the Tokyo Stock Exchange (TYO), regarded as one of the largest stock exchanges in the world. Basically, the metropolitan areas of Maastricht. Beijing also has the dubious distinction of being the knock-off capital of the world. Quezon City: $1.69 billion. 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).
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