[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. Manila: $790 million. Makati City: $4.48 billion. 1. New York is the wealthiest city in the worldhome to 345,600 millionaires with a total private wealth that exceeds $3 trillion. Loudoun County is located in the Commonwealth Virginia, with a population of 375,000 people. Singapore and New York City tied for the first rank amongst the worlds most expensive cities in 2022, pushing Israels Tel Aviv from the first place in 2021 to the third place in 2022. London, United Kingdom: $978.402 Billion, 2. Furthermore, Tokyo owns 10% and close to 16% of Japan's officespace and workers, respectively. [1] The list is limited to the top 50 companies, all of which except Elevance Health have annual revenues exceeding US$140 billion. These four cities are, Singapore broke into the top 10, replacing Seoul, which was No. Those include Abhay Vakil, who heads Indias largest paint company, Asian Paints, and the Parekh brothers, who control adhesives and sealants maker Pidilite Industries. Top 100 City Lists Top 100 cities with highest median household income Top 100 cities with highest median household income Previous toplist Next toplist New! He worked to revolutionize transportation on earth. Currently, 43 Fortune 500 companies that call New York City home include: Verizon, JP Morgan, Pfizer, Citigroup, MetLife, Goldman Sachs, Morgan Stanley, and more. Beijing, China: $591.374 Billion Beijing is the capital of China and has a population of over 20 million. Till 2030, Tokyo city will project to be the top-most populated city on earth. 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. Leading billionaire cities 2022 | Statista This large metropolitan area has a history of being the hub of Germanys heavy industry sector. Fortune 500 companies include Discovery Communications, Fannie Mae, Walmart and CACI International among others. Additionally, the world's major companies are headquartered in Seoul, which include Samsung, Hyundai, LG, and Kookmin Bank. This video will compare the top 50 richest people in the world by net worth in 2020. World's Richest Cities: The Top 10 Cities Billionaires Call Home 2020 Well-known corporations that reside in SEZ are Tencent, Huawei and DJI. Top Cities in the World to Visit. Taguig City: $480 million. Home to about 393,000 millionaires, Seoul's economy is rooted in manufacturing, financial services, and transportation. As a Premium user you get access to background information and details about the release of this statistic. This international city is also attractive to domestic and foreign investors alike. London is ranked second with $2.7 billion in private wealth. Five are new billionaires from the finance industry, including private equity wizards Tony Tamer and Steven Klinsky. In some U.S. cities, however, more than half of all households earn $70,000-plus. Industries that contribute to New York Citys economy are health care, tourism, real estate, tech, publishing, fashion, media and insurance, among others. Its no surprise to anyone that a good chunk of the Paris economy is the tourist trade. Beijing also has the dubious distinction of being the knock-off capital of the world. New York City is also considered the country's leader in finance due to its storied past. Get full access to all features within our Business Solutions. Top 50 Richest Places In America Allocated $350 Million "Coronavirus The city-state of Singapore is the wealthiest country in Asia, with a per-capita GDP of . Luxury services also play a significant factor in Paris' economy, acting as a hub for famous brands like Mot, Cartier, and Louis Vuitton. Our ranking shows the 50 wealthiest countries, measured by gross domestic product per capita and adjusted by the purchasing in the respective country. When is it OK to Buy a House Site Unseen as an Investor? Top 100 Poorest Countries in the World (2023) - Information The city of rich historical, cultural, political and social significance, New Delhi, ranks second on this list with a GDP of $293.6 billion. Moscow. With an estimated GDP of $310 billion, Mumbai ranks number one in the list of the richest cities in India. City Mayors: Richest cities in the world in 2020 by GDP 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. 25 richest cities in the US: Does your metro area make the list? Even though the city was riddled with the effects of the pandemic, Job growth occurred with another 5,700 jobs added. Chicago, which serves as the home base for 35 Fortune 500 companies, is home to 160,100 millionaires, 340 centimillionaires and 28 . Despite suffering a tough downturn due to the pandemic, Shanghai remains one of the worlds richest cities. Lower down the list So, which cities are lower ranked than in previous years? The headquarters of several cities are also found in Tokyo, which include Honda, Sony, Hitachi, and Mitsubishi. Additionally, the citys real estate market is known for being expensive, with sky-high property values and rents. Meanwhile, seven cities in Asia with the common denominator of high-income inequality and low wages dominate the list of the worlds cheapest cities. 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. The county seat of Loudoun is in Leesburg, where most administration activities take place. Dallas is known to attract innovation, and one look at some of the top companies in Dallas proves it: AT & T, Texas Instruments, Pinnacle Group, Solera and Capital Networks, among others. Paris, which has topped the ECA list in the past, dropped out of the top 30. Beyonc, Jay Z and Taylor Swift are just a few of the celebrities who own property in Tribeca. At 35 years old, Mark Zuckerberg is the youngest richest person by more than a decade. It has a diverse stable economy ranging from Gas Extraction and Manufacturing, Companies and Enterprise, and Retail Trade. Another crucial element is the neighborhood of Zhongguancun. New York City. In 2019, the Northern California city attracted 26.2 million visitors who spent around $10.3 billion USD in the city. She finds almost all topics she writes about interesting, but her favorite subjects are travel and food. 1.Tokyo, Japan (GDP - $1,520 billion) The richest city in the world in 2022 is Tokyo. 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. Current Health Expenditure per Capita. This city's success is due to its industrial and manufacturing activity, made up of a technology-savvy and highly skilled work force. Richest Cities In The World 2023 Top 10 List | Glusea.com The PPP value of a city (or country) is commonly used by macroeconomic analysts and economists, as its a popular metric to determine a city's standard of living and economic prosperity. The richest city in the world is Tokyo. 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. Mapped: The Top 10 Billionaire Cities - Visual Capitalist Both these cities had high inflation and a strong currency. Countries that want to attract wealthy individuals will have to apply tax-friendly policies along with other factors such as quality of life, safety, education, and access to amenities that ultra-wealthy residents value. 2 on the list, but the city recorded a net loss of eight billionaire residents. The city contributes about 30% of goods sold in Russia. The four cities that made the top 50 in 2019 but did not make . Top 10 Richest Cities in the World - Luxatic Statista. Among the top 50, Aruba will climb five spots. [Online]. The top ten richest cities in the world based on private wealth include: Its wealthiest resident, , chairman and CEO of Internet media behemoth Tencent Holdings, is the, . Tokyo is also a major center for banking and insurance, and is home to many multinational companies like Honda and Sony. The billionaire's rank, nationality, and source of his or her wealth is listed. 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. 1. As of March 2023, MacKenzie Scott's net worth is estimated to be $33.3billion. San Francisco also relishes in its reputation as the sixth largest economy in the US. 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. After their divorce, MacKenzie received a 4% stake in Amazon, which was worth about $35 billion at the time. Mumbai gained one billionaire resident since 2019, losing five billionaires but adding six newcomers. Surprisingly, this is the Big Apples first time atop the ranking. Four cities made the list for the first time: Blackhawk, California; New Albany, Ohio; Long Grove, Illinois; and Darnestown, Maryland. Interactive map Macao SAR will climb from 17th in 2020 to 9th in 2021. Another industry that rains gobs of revenue on the City of London is the tourism industry with over 20 million visitors per year. Surat - City Of Sun. Before the Ukraine invasion, Moscow was the economic hub of Russia. London and Paris are the major and richest cities in Europe with a GDP of US$835 billion and US$822 billion respectively. Much like Shanghai, Beijing enjoys a reputation as one of the Asia's (and the world's) wealthiest cities. Furthermore, 121. Retail Investors Most Popular Stocks of 2023 So Far, Consumer Price Inflation, by Type of Good or Service (2000-2022), Mapped: Unemployment Forecasts, by Country in 2023, Decoding Googles AI Ambitions (and Anxiety), Ranked: Americas 20 Biggest Tech Layoffs Since 2020, Infographic: Generative AI Explained by AI, Infographic: 11 Tech Trends to Watch in 2023, Ranked: The Top 50 Most Visited Websites in the World, Visualized: The Most (and Least) Expensive Cities to Live In, Visualizing $65 Trillion in Hidden Dollar Debt, Visualizing the Relationship Between Cancer and Lifespan, Visualizing How COVID-19 Antiviral Pills and Vaccines Work at the Cellular Level, Mapped: The Most Common Illicit Drugs in the World. Kuwait (-4) will be the worst loser, followed by The Bahamas (-3) and Iceland (-3). Caloocan City: $360 million. Show publisher information 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. area followed by Delhi, Kolkata, Bangalore and Chennai. Despite its picture of wealth, only a small percentage of Seoul's population claim to be wealthy. The wealthy city-state has 31 billionaire residents, up from 22 last year, and replaces Seoul in the top 10. As a major commercial hub for England, a number of established companies are found in London, such as Unilever, Barclays, BP, and Shell. Consumption of Fuel and Materials per Capita, Visualizing Chinas Dominance in Battery Manufacturing (2022-2027P), Mapped: The Population of Indias States Compared with Countries. The richest country in the world is Luxembourg. Furthermore, being a world-class city, Seoul's cost of living is high compared to other cities in Asia, especially in regards to its real estate prices. Kicking off the list is the charming Italian city of Florence - which is kind of surprising. This is a list of cities in the world by gross domestic product (GDP). Access to this and all other statistics on 80,000 topics from, Show sources information 4, respectively. On this list, New York City was ranked as the richest city with a total of $3 trillion in private wealth. Various lists of the richest families in the world (excluding royal families or autocratic ruling dynasties) are published internationally, by Forbes as well as other business magazines.. 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 In the latest edition of the ranking, North America has a strong showing with seven of the wealthiest cities, by number of millionaires. Five of the 10 wealthiest cities in the world are in the U.S. A huge part of this development was the influx of multi-national corporations. China retains its title as the country with the most cities in the top 10, with Shenzhen moving up one spot to No.