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. 29. New York is home to many Fortune 500 companies and is the financial heart of the United States, with the New York Stock Exchange and NASDAQ located in the Big Apple. . Lets take a closer look at some of the top-ranking cities making the list. 10. 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. He is worth $1 billion, becoming the richest actor in the world. Being China's largest city, Shanghai also houses on of the world's largest ports, due to its proximity to the Yangtze River Delta. She was the wife of Jeff Bezos, founder of Amazon. 1 with $13.9 billion. Moreover, dozens of Russia's most prominent companies are also headquartered in Moscow that contribute to the city's wealth, which includeRosneft, Sberbank, Russian Railways, and Lukoil. Delhi city is the second most populated city in the world with a 30,291,000 million population. 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. Ranked: The Top 10 Global Cities, by Ultra-Wealthy Population , 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. Top 50 Richest Indians in 2022: Comprehensive List - StartupTalky Today, Boston is a center of learning with many stellar educational institutions like MIT and Harvard, which contribute greatly to Bostons economy. 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 city-state of Singapore is the wealthiest country in Asia, with a per-capita GDP of . 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. 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. When is it OK to Buy a House Site Unseen as an Investor? You can only download this statistic as a Premium user. It is the largest urban economy on the planet. The Top 25 Cities in the World in 2020. Each of the columns in the table is sortable by pressing on the arrows at the head of the column: Cities (metropolitan areas) by percentage of national GDP. The United Nations uses three definitions for what constitutes a city, as not all cities may be classified using the same criteria. Hong Kong remains No. The 15 Richest Cities in the US - MoneyWise How does a city become one of the wealthiest in the world? The Chinese capitals tally of ten-figure-fortunes rose by six since last year to reach 67 billionaires. More than 80% of Russias billionaires call its capital home, including mining mogul Vladimir Potanin, who is also the richest person in the nation. 2013", "Bevolkingsontwikkeling; Regionale kerncijfers Nederland", "Bevolkingsontwikkeling; regio per maand", "Regional gross domestic product: Year ended March 2020", "2016 Census Community Profiles: Ballarat", "2016 Census Community Profiles: Bendigo", "The top 15 Indian cities by GDP | India's top 15 cities with the highest GDP - Yahoo India Finance", "Estimates of District Domestic Product Madhya Pradesh", "Federal Statistical Office Germany - GENESIS-Online", "Dossier on the Metropolitan City of Bologna", "Regionales Energiekonzept fr den Groraum Braunschweig", "Regional GDP per capita ranged from 31% to 626% of the EU average in 2017", "1.1 Valoarea produsului intern brut pe judee i regiuni", "Regional Population: Population estimates by Significant Urban Area, 2009 to 2019", "The Online Journal of McKinsey & Company", "Statistical Communiqu of Changsha City on the 2020 National Economic and Social Development", "Regional GDP per capita in the EU in 2010", "Regional economic activity by gross value added (balanced), UK: 1998 to 2017", "Yearly Average Currency Exchange Rates | Internal Revenue Service", "Population on 1 January by age groups and sex functional urban areas", "Tanzania: GDP at current prices, by region", "Dhaka, Bangladesh GDP and Income Distribution", "China: Shndng (Prefectures, Cities, Districts and Counties) - Population Statistics, Charts and Map", "Gross Domestic Product (GDP) of the Emirate of Dubai 20062008", "Bilancio demografico anno 2015 e popolazione residente al 31 dicembre; Comune: Firenze", "Posio ocupada pelos 100 maiores municpios, em relao ao Produto Interno Bruto", "Department of Statistics Malaysia Official Portal", "Gross domestic product (GDP) at current market prices by metropolitan regions", "Significant Urban Area (SUA) ASGS Edition 2016 in .csv Format", "Bilan dmographique selon le niveau gographique institutionnel", "US Dollar to British Pound Spot Exchange Rates for 2022", "2016 Census Community Profiles: Gladstone Tannum Sands", "OECD - Metropolitan areas - Population, all ages", "3218.0 Regional Population Growth, Australia, 2017-18: Population Estimates by Significant Urban Area, 2008 to 2018", "Metropolitan Employment Area (MEA) Data", "Regional GDP per capita ranged from 30% to 263% of the EU average in 2018", "Hanoi's economic growth hits 4-year high of 7.62% in 2019", "3218.0 Regional Population Growth, Australia, 2017-18: Main Features", "Report for Selected Countries and Subjects", "DocSend - Simple, intelligent, modern content sending", "Estimates of District Domestic Product of Rajasthan for 2020-21", 2015 Census Final Data " 27 | | ", "Karachi Mega-Cities Preparation Project", "Bevlkerung nach Nationalitt und Bundeslndern", "Rodikli duomen baz - Oficialiosios statistikos portalas", https://worldpopulationreview.com/countries/cities/australia%7Caccess-date=2021-05-02%7Cwebsite=worldpopulationreview.com}}, "District Domestic Product Estimates Uttar Pradesh Year 2019-20", "World Economic Outlook Database, October 2019", "Bevlkerung der Gemeinden am 31.12.2010", "Population and employment / IMSEE - Monaco IMSEE", "Mumbai 17th in global GDP list, says survey", "Mumbai and Delhi rank as 5th and 6th largest cities in Asia with a GDP of over $400 bn: JLL 'Global 300' Rankings", "District Domestic Product of Maharashtra 2011-12 to 2019-20", "Bruttoinlandsprodukt in den Metropolregionen in Deutschland 2014 | Statistik", https://web.archive.org/web/20150924002318/http://www.espon.eu/export/sites/default/Documents/Projects/ESPON2006Projects/StudiesScientificSupportProjects/UrbanFunctions/fr-1.4.3_April2007-final.pdf, "Directorate of Economics and Statistics", https://ec.europa.eu/eurostat/documents/2995521/10474907/1-05032020-AP-EN.pdf/81807e19-e4c8-2e53-c98a-933f5bf30f58&ved=2ahUKEwi-u5GHnujpAhUOuIsKHaOlDG0QFjACegQIBRAJ&usg=AOvVaw0NnWnyaFRad5NgG3NGcbJP&cshid=1591276979492, "City of Tshwane, Metropolitan Municipality 799 from Census 2011", "PIB por Entidad Federativa (PIBE) en 2019, Base 2013", European Spatial Planning Observation Network, "Gross domestic product in regions | Oficils statistikas portls", "METRO - "The role and future perspectives of Cohesion Policy in the planning of Metropolitan Areas and Cities", "IBGE: SALVADOR ocupa 22 lugar no ranking per capita do PIB/2011", "Shanghai first Chinese city to top 3 trillion yuan GDP", "3218.0 Regional Population Growth, Australia, 201718: Population Estimates by Significant Urban Area, 2008 to 2018", "Aire d'attraction des villes 2020 de Strasbourg (partie franaise) (010)", "Population, 1 January by Year, County, Sex and Age group", " ", "Tel Aviv 2022 Global Business Cities Report", "Tokelau's Gross Domestic Product determined for first time this century", Final population counts: 2016 Tokelau Census, "Popolazione Residente al 1 Gennaio 2020", "Demo-Geodemo. Mumbai gained one billionaire resident since 2019, losing five billionaires but adding six newcomers. Situated in the southern part of California, Los Angeles is known for its large population of celebrities, tech moguls, and the financially fortunate. Liz Flynn has worked as a full-time writer since 2010 after leaving a career in education. (((61/33)^(1/15))^10)*33 and (((33/21)^(1/15))^10)*21. The 10 Richest Cities in the World - WorldAtlas Sweeping sunsets, desert landscape, and breathtaking canyonsthese are the things that most everyone think of when someone says Arizona. Like the other cities mentioned in our list of the richest cities of the world, the economy of Washington, D.C. is a diverse one. You only have access to basic statistics. Pasig City: $710 million. Manila: $790 million. For instance, Osaka is home to major electronics corporations like Sharp and Panasonic as well as pharmaceutical companies, food, retail and trading companies. Sy Siblings Still at Top. "Leading Cities with The Most Billionaires in 2022. Home to thousands of millionaires, wealthy Parisian neighborhoods include the 7th Arrondissement, the Boulogne-Billancourt, Saint-Cloud, and Neuilly-sur-Seine. You need a Statista Account for unlimited access. With the onset of free-market reforms in the 1990s, Beijing saw its economic development soar. 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. , a member of the citys Raheja real estate clan, who was worth an estimated $2.3 billion last year. Everything from financial services, fashion, digital media, the food/beverage industry and tech found a home in Toronto. The Richest Cities are shown below, based on GDP (Gross Domestic Product) data from 2011. Newcomers from other sectors also joined the ranks, including AI pioneer Daniel Dines and Brooklyn native Jay-Z. Other industries driving their economy are tech, tourism, and the service industries such as hospitality. Historically speaking, Osaka has always been thought of as a major economic center of Japan. Home to 12 Fortune 500 companies, the city of Philly is Pennsylvanias financial hub. Pasay City: $350 million. Fortune Global 500 companies housed in Moscow include Gazprom, Rosneft Oil and Sistema among others. Even though the city was riddled with the effects of the pandemic, Job growth occurred with another 5,700 jobs added. The Fortune 500 companies hosted by Boston include: State Street, Liberty Mutual Insurance, Gillette and General Electric. Macao SAR will climb from 17th in 2020 to 9th in 2021. 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. Geneva, Switzerland - 17.92% Millionaires. 7 and Shanghai and Beijing staying flat at No. In 2020, New York had the largest number of ultra wealthy individuals (UHNW), reaching 11,475 people. 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. Moreover, a portion of Beijing's rapid economic growth is the product of international investments, registering over 45,000 foreign-invested businesses in 2020. Dubai in top 10. Five of the 10 wealthiest cities in the world are in the US 2 on the list, but the city recorded a net loss of eight billionaire residents. The Top 5 Cities in Mexico in 2020. Tourism is another major contributor to the economy of Philadelphia. The Shenzhen Special Economic Zone or SEZ is an important business and financial services center in China. Paris is also home to several Fortune Global 500 companies such as, BNP Paribas, Peugeot, CNP Assurances, SNCF, Vivendi and more. London is ranked second with $2.7 billion in private wealth. Principal industries which were the engine behind Moscows economy are textile, metallurgy, energy, and chemical. area followed by Delhi, Kolkata, Bangalore and Chennai. Richest City in the World 2023 - worldpopulationreview.com A massive powerhouse in Seoul is Samsung. Paris, which has topped the ECA list in the past, dropped out of the top 30. These industries include manufacturing, energy, information tech, finances, telecommunications, education, and telecommunications. According to Investopedia, Gross domestic product (GDP) is the total monetary or market value of all the finished goods and services produced within a countrys borders in a specific time period. In this case, we are looking at the GDP of metropolitan statistical areas, and not countries. Then you can access your favorite statistics via the star in the header. 24/7 Wall Street reviewed income levels in 382 metropolitan . In some U.S. cities, however, more than half of all households earn $70,000-plus. Top 100 Poorest Countries in the World (2023) - Information New York City. While such metrics are not all encompassing, these measurements of private wealth do help put the financial health and economic activity of some of the worlds wealthiest cities in perspective. Chart. The top 10 richest cities in the Philippines. Property prices, 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, 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. 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. Its no surprise that its capital city of Damascus has maintained its position as the worlds cheapest city. A good part of their revenue comes from their port, which is the largest container port in the world. Ahmedabad - Textile Hub Of India. 1. Top 10 Richest Cities in the World - Luxatic The richest cities in the world are determined by their gross domestic product, or GDP. 1.Tokyo, Japan (GDP - $1,520 billion) The richest city in the world in 2022 is Tokyo. Interactive map After all, its Philadelphias rich history that fuels the tourist trade that brings over 2 million visitors from both the U.S. and foreign countries every year. Statista. The world's most expensive cities for 2022 | CNN Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. 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. Kuwait (-4) will be the worst loser, followed by The Bahamas (-3) and Iceland (-3). Delhi City. In order to recoup losses, in June of 2022, the city of Shanghai released a post-lockdown business recovery plan. Los Angeles is not California's only wealthy city! 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 decade-long conflict in Syria weakened the Syrian pound, led to a spiraling inflation and fuel shortages, and further collapsed its economy. 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. Additionally, the citys real estate market is known for being expensive, with sky-high property values and rents. 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. All maps, graphics, flags, photos and original descriptions 2023 worldatlas.com, The World's Most Populated Capital Cities. In 2019, San Francisco's tourism industry resulted in 86,111 jobs. In fact, according to this chart, you can see that manufacturing takes the lead with 16.6 percent followed by retail at 16.6 percent and real estate at 11.4 percent. 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. Unlike so many other cities bending under the weight of a post-pandemic world, Houstons economy hs gotten stronger. Toronto is the second largest financial center in North America, Like New York City, Torontos financial hub is populated by diverse industries. This includes the burgeoning FinTech, or financial technology industries. Leading billionaire cities 2022 | Statista 2. 4, respectively. In the latest edition of the ranking, North America has a strong showing with seven of the wealthiest cities, by number of millionaires. Top 50 Richest Football Clubs in The World 2022 - The Football Lovers 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. 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. 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. Current Health Expenditure per Capita. 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. A huge part of this development was the influx of multi-national corporations. While Shenzhens export-led manufacturers have. Access to this and all other statistics on 80,000 topics from, Show sources information Furthermore, the Big Apple was also a popular destination for entrepreneurs and innovative businesses, furthering its reputation as a financially-savvy city. Richest Cities in the World. Beijing is the capital of China and has a population of over 20 million. Top 100 cities with highest median household income - City-Data Who are the Top 50 Richest Individuals in PH? See on Forbes List - BCG According to the Hurun Global Rich List 2022, the leading city with the most billionaires in 2022 was Beijing. 20 Cities with the Worst Weather in the U.S. How Eiza Gonzalez Achieved a Net Worth of $5 Million. This statistic is not included in your account. 6 and No. Let's consider New York City. Ranked: 100 best cities in the world 2023 | Atlas & Boots In, Hurun Research Institute. TOP-10 Richest cities in the world 2023 - wagecentre.com Barcelona, Spain Rome, Italy Madrid, Spain Singapore, Singapore Amsterdam, Netherlands Prague, Czech Los Angeles, USA Chicago, USA San Francisco, USA Berlin, Germany Hong Kong, China Washington, USA Beijing, China Dublin, Ireland Istanbul, Trkiye Las Vegas, USA Milan, Italy Budapest, Hungary Toronto, Canada Sydney, Australia Seoul, South Korea Foreign corporations such as IBM, Nestle, Hewlett-Packard and more flooded Beijing, causing a rapid economic expansion. , who is also the richest person in the nation. These initiatives include the Small Business Improvement Fund, the Chicago Recovery Grant, Special Service Area Program, Tax Increment Financing and more. RANKED: These Are The 50 Richest Towns To Live In The United States, 2020 What is the top 10 richest city in the world? (2023) New York's richest resident, 476 Washington Avenue, former mayor Michael Bloomberg, has a net worth of $45 billion, making him one . Not surprisingly, China is home to three of these cities, including Hong Kong (SAR). By 900,. London and Paris are the major and richest cities in Europe with a GDP of US$835 billion and US$822 billion respectively. Swift reportedly owns about $40 million worth of property in the area. Most such agglomerations are economically, socially and culturally dominated by one city at their centre. Top 10 Richest Cities In The World - IndiaTimes Dubai Advantage | 50 Richest Countries in the World 2020