Tripoli and Tehran, the capitals of Libya and Iran, respectively, follow next on this list, reflecting their weakened economies. New York City, USA: $1,330.000 Billion. Otherwise, Los Angeles enjoys wealth from other industries related to biosciences, trade, information, transportation, and aerospace. Please do not hesitate to contact me. Basically, the metropolitan areas of Maastricht. As such when it comes to the richest cities in the world, New York City comes in at number 2. Get full access to all features within our Business Solutions. 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. Los Angeles, Chicago and Houston round out the top five. New York is the wealthiest city in the worldhome to 345,600 millionaires with a total private wealth that exceeds $3 trillion. Moscow. Chicago, which serves as the home base for 35 Fortune 500 companies, is home to 160,100 millionaires, 340 centimillionaires and 28 . Another industry that rains gobs of revenue on the City of London is the tourism industry with over 20 million visitors per year. Cities may be defined as the cities proper, the extent of their urban area, or their metropolitan regions. Reportedly, Moscovites earn a higher salary compared to national average, with many much of their income tied to renting real estate property and entrepreneurial ventures. 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. 3. 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? 6 and No. Other Shanghai entrepreneurs are newcomers to the list, including, , who draws his wealth from express delivery firm ZTO Express, and, , whose anime and entertainment site Bilibili, an uptick in demand after it gave residents of locked down areas. Tokyo, Japan- GDP: $1,520 billion. Those include, , who heads Indias largest paint company, Asian Paints, and the, , who control adhesives and sealants maker Pidilite Industries. 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. 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. Los Angeles, USA The city of Los Angeles makes significant efforts to foster economic growth in the local community. For over 50 years, Tokyo has occupied the top spot, and shows no sign of slowing down. Liz Flynn has worked as a full-time writer since 2010 after leaving a career in education. 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 7 and Shanghai and Beijing staying flat at No. Apart from the cost of a home, examining how, Read More What is the Cost of Living in New Hampshire?Continue, Mexicos proximity to the US makes it a hugely popular option for American expats and retirees. Fortune 500 companies include Discovery Communications, Fannie Mae, Walmart and CACI International among others. This list is incomplete, as not all companies disclose their information to the general public. Dallas plays host to a variety of industries, and its these industries which are responsible for the economic growth of the Dallas metropolitan area. In detail, 144 billionaires resided in the capital of China. The city contributes about 30% of goods sold in Russia. Moreover, a portion of Beijing's rapid economic growth is the product of international investments, registering over 45,000 foreign-invested businesses in 2020. Moscow is also home to a population of "nouveau riche" Muscovites and prominent neighborhoods, with properties that can cost millions of dollars. A paid subscription is required for full access. The number of millionaires has been growing steadily over the last 10 years, and if the trends of recent years hold, San Francisco could become the number one millionaire hub by 2040. The Fortune 500 companies hosted by Boston include: State Street, Liberty Mutual Insurance, Gillette and General Electric. It is the largest urban economy on the planet. Paris, which has topped the ECA list in the past, dropped out of the top 30. It goes without saying that due to its history tourism is a huge draw when it comes to obtaining revenue. 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. Makati City: $4.48 billion. The Top 5 Cities in Mexico. , who is also the richest person in the nation. 4. This infographic uses information from the Henley Global Citizens Report, in partnership with New World Wealth, to rank the worlds wealthiest cities. The wealthy city-state has 31 billionaire residents, up from 22 last year, and replaces Seoul in the top 10. This video will compare the top 50 richest people in the world by net worth in 2020. But the Nations Valentine has so much more to offer. These cities have a combined GDP of $2.4st trillion, equating to more than double that of second-place San Francisco. Asia continues to dominate the list of the worlds least expensive cities, followed by parts of North Africa and the Middle East. Till 2030, Tokyo city will project to be the top-most populated city on earth. Zhongguancun is considered the Silicon Valley of China and is deeply rooted in the electronics and high-tech industries such as Microsoft, Sony and Google. 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.). China's capital city offers services in key sectors related to finance, information technology, scientific research, and industry. Lower down the list So, which cities are lower ranked than in previous years? from people staying indoors and spending more time online. This large metropolitan area has a history of being the hub of Germanys heavy industry sector. New York City. 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. You need at least a Starter Account to use this feature. The ideal entry-level account for individual users. If that is the case, knowing its cost of living is vital. It leverages a comprehensive data set that tracks the movements and spending habits of high-net-worth individuals in over 150 cities around the world. 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. The headquarters of several cities are also found in Tokyo, which include Honda, Sony, Hitachi, and Mitsubishi. Additionally, approximately 18% of Japan's universities are found in Tokyo. As a Premium user you get access to the detailed source references and background information about this statistic. Tourism not only pumps money into San Francisco's economy by way of tourist spending, it also offers a source of jobs in the city. Houstons economy is diverse, from the worlds largest petrochemical manufacturing center to health care and medical research, real estate, finance, and information tech industries. San Francisco also relishes in its reputation as the sixth largest economy in the US. Top 10 Poorest Countries In The World 1. Ever since, San Francisco has remained a strong financial stronghold for the state of California. Florence, Italy - 2.59% Millionaires. The San Francisco Bay Area boasts 276,400 millionaires. 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. Dublin is the wealthiest city, with a per capita income of $115,094. It is home to 304,900 resident millionaires, making it the city with the second most millionaires in the world. 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. These four cities are home to 228 billionaires. Despite being significantly smaller than Los Angeles, San Francisco houses more millionaires than its southern California counterpart. 1. Geneva, Switzerland - 17.92% Millionaires. It is through the electric car maker Tesla and in space by rocket produced by SpaceX. Image Source. With about 2,320 multi-millionaires calling Paris home, the backbone of this European city relies on hospitality, commerce, transportation, and other services. Visualizing the Global Share of U.S. Stock Markets. You only have access to basic statistics. Moreover, when it comes to its residents, there are about 9,210 multi-millionaires calling London home, as well as 38 billionaires. 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. Using data from Wealth-X, here's a look at the top 10 cities with the highest UHNW populations: It's worth noting that six of the top 10 UHNW cities are in America. 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, . U.S. Inflation: How Much Have Prices Increased? The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Industry-specific and extensively researched technical data (partially from exclusive partnerships). 2 on the list, but the city recorded a net loss of eight billionaire residents. Sy Siblings Still at Top. Click on the headers to reorganize columns. Singapores richest resident, Zhang Yong, is also Chinas richest restaurateur the owner of Sichuan hot pot chain Haidilao is $4.2 billion richer than he was in 2019, thanks to a 53% rise in the companys stock over the past year. 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. We added hundreds of new lists - see our top 101 city lists. Newcomers from other sectors also joined the ranks, including AI pioneer Daniel Dines and Brooklyn native Jay-Z. 20 Cities with the Worst Weather in the U.S. How Eiza Gonzalez Achieved a Net Worth of $5 Million. Asia is the region with the second most millionaires with six cities in the mix. 10. More than 80% of Russias billionaires call its capital home, including mining mogul Vladimir Potanin, who is also the richest person in the nation. Once a leader in the manufacturing industry, that industry has been bowing to more modern industries like high tech, financial services and electronics. 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. 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. 24/7 Wall Street reviewed income levels in 382 metropolitan . The Chinese capitals tally of ten-figure-fortunes rose by six since last year to reach 67 billionaires. New York's richest person and former mayor, Michael Bloomberg, is worth $59 billion. Quezon City: $1.69 billion. The USA is the only country with a large surface area and population among the highest-ranking nations, ranking eleventh. Beijing also has a sizeable billionaire population of 100 people, compared to any other international city. Industries critical for L.A.s economic success include entertainment, international trade, gaming, tourism, fashion and more. Washington, District of Columbia: $578.985 Billion, 4. Consumption of Fuel and Materials per Capita, Visualizing Chinas Dominance in Battery Manufacturing (2022-2027P), Mapped: The Population of Indias States Compared with Countries.

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