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Statista. With about 2,320 multi-millionaires calling Paris home, the backbone of this European city relies on hospitality, commerce, transportation, and other services. - Mappe, Popolazione, Statistiche Demografiche dell'ISTAT", "Total Real Gross Domestic Product for Wichita, KS (MSA)", "Population estimates by selected Non-ABS Structures, 2010-2020", "China: Gungdng (Prefectures, Cities, Districts and Counties) - Population Statistics, Charts and Map", https://en.wikipedia.org/w/index.php?title=List_of_cities_by_GDP&oldid=1142520927, This page was last edited on 2 March 2023, at 21:41. 1. 1 with $13.9 billion. Being a world-class city that attracts prominent figures in the tech industry, San Francisco is one of California's most popular (and richest) cities. Today, with 272,400 millionaires, the city holds a more humble position. These cities have a combined GDP of $2.4st trillion, equating to more than double that of second-place San Francisco. 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? Home to about 393,000 millionaires, Seoul's economy is rooted in manufacturing, financial services, and transportation. Though approximately 23% of Beijing's GDP is linked to its manufacturing sector, over 80% of the city's wealth is tied to the service sector. The Top 15 Cities in Asia in 2020. Those include Abhay Vakil, who heads Indias largest paint company, Asian Paints, and the Parekh brothers, who control adhesives and sealants maker Pidilite Industries. With an estimated GDP of $310 billion, Mumbai ranks number one in the list of the richest cities in India. 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. Gautam Shantilal Adani. Dallas Number of individuals with a net worth of $5 million or more: 36,515 Percentage of global population: 1.2% 9. Once a leader in the manufacturing industry, that industry has been bowing to more modern industries like high tech, financial services and electronics. Macao SAR will climb from 17th in 2020 to 9th in 2021. This list is incomplete, as not all companies disclose their information to the general public. Regarded as China's financial hub, this bustling city is home to the Shanghai Stock Exchange, one of the largest stock exchanges in the world. Richest Cities in the World. Frankfurt in Germany is the second richest city after Dublin with an income of $102,941 per capita. Principal industries which were the engine behind Moscows economy are textile, metallurgy, energy, and chemical. 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. Industries that have found success in the city include food processing, manufacturing, publishing, insurance and tourism. 3. [Online]. Does your team make it in the top fifty richest soccer clubs in 2022? Then you can access your favorite statistics via the star in the header. Km. He worked to revolutionize transportation on earth. Boasting a financially fruitful economy, the Big Apple is known for its abundantly wealthy population, with a the collective wealth of over $3 trillion USD. 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. For instance, Osaka is home to major electronics corporations like Sharp and Panasonic as well as pharmaceutical companies, food, retail and trading companies. One dropoff is. Tokyo is the most fascinating city to live in but also the most densely packed. This year 92 billionaires live in the Big Apple as their primary residence 8 more than a year ago. + - Leaflet | Tiles OpenMapTiles | Data OpenStreetMap contributors Income distibution for all U.S. cities 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. He is popularly known for his role as Madea on House of Payne. As of March 2023, MacKenzie Scott's net worth is estimated to be $33.3billion. The county seat of Loudoun is in Leesburg, where most administration activities take place. By 2025, the city's GDP would have [] 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. As a Premium user you get access to the detailed source references and background information about this statistic. 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. 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. Otherwise, the city serves as a global financial centre, due to its large abundance of banks, insurance companies, and financial service centres. [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. 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. This is a list of cities in the world by gross domestic product (GDP). However, today it has moved on to other, more profitable economic interests such as finances, high tech and insurance, to name a few. the country's economy as a whole is one of the fastest growing in the world. As a major commercial hub for England, a number of established companies are found in London, such as Unilever, Barclays, BP, and Shell. 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. Its wealthiest resident, Ma Huateng, chairman and CEO of Internet media behemoth Tencent Holdings, is the second-richest person in China, after Alibaba cofounder Jack Ma. It goes without saying that due to its history tourism is a huge draw when it comes to obtaining revenue. We added hundreds of new lists - see our top 101 city lists. $516.5. 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. 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. According to various estimates, the Japanese capital is home to 13.1 to 13.7 million people. 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. It is home to 304,900 resident millionaires, making it the city with the second most millionaires in the world. Moreover, a portion of Beijing's rapid economic growth is the product of international investments, registering over 45,000 foreign-invested businesses in 2020. How many millionaires, centimillionaires, and billionaires live in the worlds wealthiest cities? Newcomers to the billionaire ranks who live in San Francisco include private equity dealmaker. Refer to sources for more information. Much like Shanghai, Beijing enjoys a reputation as one of the Asia's (and the world's) wealthiest cities. Access to this and all other statistics on 80,000 topics from, Show sources information This video will compare the top 50 richest people in the world by net worth in 2020. On this list, New York City was ranked as the richest city with a total of $3 trillion in private wealth. New York, U.S . . The typical American household earns $57,617 per year. The Chinese capitals tally of ten-figure-fortunes rose by six since last year to reach 67 billionaires. Though residents are keen on investing in the real estate market, younger generations are finding it difficult to afford a home in Seoul due to the rising cost of real estate property and rising economic insecurity. At 89 years old, Warren Buffett is the oldest richest person by 5 years. 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. 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. Ever since, San Francisco has remained a strong financial stronghold for the state of California. Beijing, China: $591.374 Billion Beijing is the capital of China and has a population of over 20 million. 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. 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. (((61/33)^(1/15))^10)*33 and (((33/21)^(1/15))^10)*21. San Ramon ranks among the top ten safest cities in California. 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. 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,. 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. 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. A big economic draw for San Francisco is its close proximity to Silicon Valley. 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. 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. Paris is also home to several Fortune Global 500 companies such as, BNP Paribas, Peugeot, CNP Assurances, SNCF, Vivendi and more. Trip Ideas; New York. Delhi City. 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. As such, you can see how anything affecting these shipping ports will have a negative impact on world wide supply chain logistics. If we're looking at cities in terms of total wealth, then the Big Apple leads the pack by a country mile. Dallas plays host to a variety of industries, and its these industries which are responsible for the economic growth of the Dallas metropolitan area. Learn how your comment data is processed. In fact, Tokyo plays host to the top money-building organizations and minds anywhere on Earth. Which Countries Have the Lowest Inflation? These figures were taken after the market close on September 18, 2020. Tokyo is also a major center for banking and insurance, and is home to many multinational companies like Honda and Sony. Please do not hesitate to contact me. The headquarters of several cities are also found in Tokyo, which include Honda, Sony, Hitachi, and Mitsubishi. 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