American retail corporation Walmart has been the world's largest company by revenue since 2014. 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. Montgomery Street is considered the Wests Wall Street and is located in San Francisco. These cities have a combined GDP of $2.4st trillion, equating to more than double that of second-place San Francisco. This is because they are supposed to get a better idea, Read More When is it OK to Buy a House Site Unseen as an Investor?Continue, You might be thinking of relocating to New Hampshire for work or other reasons. According to various estimates, the Japanese capital is home to 13.1 to 13.7 million people. More than 80% of Russias billionaires call its capital home, including mining mogul Vladimir Potanin, who is also the richest person in the nation. This northern Chinese city is not only a hub for luxury brands, it headquarters China's largest companies, many of which are considered in the Fortune Global 500. Show publisher information 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 such, you can see how anything affecting these shipping ports will have a negative impact on world wide supply chain logistics. Beijing is the capital of China and has a population of over 20 million. Other profitable sectors include information technology, medical technology, retail, financial and legal sectors. Moreover, there are over 25 FortuneGlobal 500companies headquartered in Paris (which are the top companies in the world based on their revenues) including Danone, Sanofi, Christian Dior, and Finatis. It is through the electric car maker Tesla and in space by rocket produced by SpaceX. Indian richest cities 2021. March 17, 2022. This is a list of cities in the world by gross domestic product (GDP).The United Nations uses three definitions for what constitutes a city, as not all cities may be classified using the same criteria. Among Singapores newcomers are gaming tycoons, , cofounders of the online gaming and e-commerce firm Sea; both industries have. Most such agglomerations are economically, socially and culturally dominated by one city at their centre. A little known fact is that L.A. is the manufacturing center of the country. Though famous for prominent technology companies and hundreds of start-ups across the Silicon Valley, San Francisco's wealth is tied to industries in manufacturing and tourism. But if this inflation is compounded with a strong national currency, you may live in one of the worlds most expensive cities. These figures were taken after the market close on September 18, 2020. Let's consider New York City. In 2022, the combined wealth of India's 100 richest increased by $25 billion to touch $800 billion. Which cities and regions have the biggest concentrations of millionaires around the world, each with a net worth greater than $1 million (USD)? Kolkata is the financial, commercial and industrial hub of the North East region. Shipping isnt the only industry which brings revenue into SEZ, its also the sizable industrial parks, high-tech industries and of course, trade. These are of very low quality and should be avoided. 1. Refer to sources for more information. Out of the 2,095 members of the 2020 Forbes Worlds Billionaires list, 552 live in just ten cities. Top 10 Richest Asian Countries (2020 GDP, Int$ PPP - World Bank) China - $24.27 trillion; . In 2019, the Northern California city attracted 26.2 million visitors who spent around $10.3 billion USD in the city. The TYO encompasses over 3,700 listed companies and a market value estimated at JPY 600 trillion (or approximately $42 billion USD). You need a Statista Account for unlimited access. 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. India is the world's second-most populous country, with several large cities and densely inhabited areas. However, Shanghai is one of Asia's most expensive cities to live in, due to its high cost of living, from real estate to daily transportation. Its no surprise that its capital city of Damascus has maintained its position as the worlds cheapest city. Additionally, the citys real estate market is known for being expensive, with sky-high property values and rents. Moreover, a portion of Beijing's rapid economic growth is the product of international investments, registering over 45,000 foreign-invested businesses in 2020. GM was the best-performing automobile company in the 20th century but has still maintained a top position among the wealthiest car manufacturers. 1 with $13.9 billion. 24/7 Wall Street reviewed income levels in 382 metropolitan . New York's richest resident, 476 Washington Avenue, former mayor Michael Bloomberg, has a net worth of $45 billion, making him one . It goes without saying that due to its history tourism is a huge draw when it comes to obtaining revenue. A paid subscription is required for full access. Other industries which thrive here are those in high-tech, scientific R&D, professional services such as legal, insurance, finance and public administration. I cover the world's richest people and how they made their billions. Lastly, London is home to several of the most well-known Fortune Global 500 firms, including the Lloyds Banking Group, Prudential, J. Sainsbury, BP, Tesco, and Vodafone Group, amongst others. Home to 12 Fortune 500 companies, the city of Philly is Pennsylvanias financial hub. RANKED: These Are The 50 Richest Towns To Live In The United States, 2020 Sophie Ireland C-Suite Lifestyle February 21, 2020 With an average household income of more than $525,000, Atherton, California is the richest town in the United States, that's according to a Bloomberg report. Makati City: $4.48 billion. Gautam Shantilal Adani. 10. Being the largest city of the country, Mumbai is extensively . The wealthy city-state has 31 billionaire residents, up from 22 last year, and replaces Seoul in the top 10. 1.Tokyo, Japan (GDP - $1,520 billion) The richest city in the world in 2022 is Tokyo. One dropoff is. Atherton, CA (income: $525,324/ bailout: $3.8 million) - With a median home price of. Current Health Expenditure per Capita. If we're looking at cities in terms of total wealth, then the Big Apple leads the pack by a country mile. The largest economy in states, New York Citys prosperity is rooted in Wall Street. This year 92 billionaires live in the Big Apple as their primary residence 8 more than a year ago. 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. Photo: @Kim Kardashian West. 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. We added hundreds of new lists - see our top 101 city lists. On a related note, there is a sizeable population of secondary homeowners in London. Moreover, when it comes to its residents, there are about 9,210 multi-millionaires calling London home, as well as 38 billionaires. London, United Kingdom: $978.402 Billion, 2. The Private Industry Council works to promote the local economy via job training programs. Its known as the mecca of tech innovation, and as a result, the region has a high concentration of wealthy individuals. NYC has held the title of the wealthiest city in the world for many decades now, housing around 59 billionaires and a whopping 345,600 millionaires! Use Ask Statista Research Service. 10. This is due in part to the countrys strong economic growth and favorable business environment, which has attracted many wealthy individuals and families to the country. The Shenzhen Special Economic Zone was created in May of 1980 and is based on Irelands Shannon Free Zone. 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 is also home to Wall Street, the financial capital of the US and the world. London: 63 Billionaires Since Last Year: +7 Total Net Worth: $316.1 Billion Richest Resident: Len Blavatnik, $32 Billion In fact, Seoul is known as the most wired city in the world due to the high concentration of high-tech industries. Five are new billionaires from the finance industry, including private equity wizards, . Home to thousands of millionaires, wealthy Parisian neighborhoods include the 7th Arrondissement, the Boulogne-Billancourt, Saint-Cloud, and Neuilly-sur-Seine. The LSE is one of the largest stock exchanges in Europe, encompassing assets from over 2,400 companies, with many of these companies using London as their central headquarters. 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. There is a distinction between wealth held by identifiable individual billionaires or a "nuclear family" and the wider notion of an extended family or a historical "dynasty," where the wealth of a . 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. Another industry that rains gobs of revenue on the City of London is the tourism industry with over 20 million visitors per year. Everything from financial services, fashion, digital media, the food/beverage industry and tech found a home in Toronto. According to the United Nations' latest report on populations in cities, by 2030, "urban areas are projected to house 60 percent of people globally and one in every three people will live in . 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. Image Source. (March 17, 2022). Though San Francisco relishes in its economically wealthy reputation due to the nature of Silicon Valley and its billionaire population, Los Angeles enjoys a similar status. [Online]. Its wealthiest resident, , chairman and CEO of Internet media behemoth Tencent Holdings, is the, . Sweeping sunsets, desert landscape, and breathtaking canyonsthese are the things that most everyone think of when someone says Arizona. Kolkata- GDP $150.1 Billion. 2 on the list, but the city recorded a net loss of eight billionaire residents. 30 in the index, a. Values soared as interest rates on loans went down in a sellers market, which made it tougher to find affordable properties. Leading cities with the most billionaires in 2022 [Graph]. Industries critical for L.A.s economic success include entertainment, international trade, gaming, tourism, fashion and more. Currently, you are using a shared account. The current state of the Moscow economy isnt as bright as it was earlier in the year due to sanctions. 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. Asia continues to dominate the list of the worlds least expensive cities, followed by parts of North Africa and the Middle East. The wealthy city-state has 31 billionaire residents, up from 22 last year, and replaces Seoul in the top 10. These four cities are home to 228 billionaires. Consumption of Fuel and Materials per Capita, Visualizing Chinas Dominance in Battery Manufacturing (2022-2027P), Mapped: The Population of Indias States Compared with Countries. 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. In other words, the city produces poor copies of everything from designer fashions to scooters. (((61/33)^(1/15))^10)*33 and (((33/21)^(1/15))^10)*21. 1. Though affordability sounds good at face value, sitting at the bottom of the ranking isnt necessarily a coveted position. Despite suffering a tough downturn due to the pandemic, Shanghai remains one of the worlds richest cities. 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. 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.
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