The company currently focuses on its four core brands: Cadillac, Chevrolet, GMC and Buick. The list of top 50 richest football clubs in the world ranked by Forbes have been revealed. London City | Photo: Reuters 7. Dallas plays host to a variety of industries, and its these industries which are responsible for the economic growth of the Dallas metropolitan area. - 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. Its also host to the headquarters of around 75 percent of the worlds Fortune 500 companies. Asia continues to dominate the list of the worlds least expensive cities, followed by parts of North Africa and the Middle East. 4. If you are an admin, please authenticate by logging in again. India is the second largest country in the world after China. Two of those in Beijing are new billionaires this year: of TAL Education Group, both of whom own companies that provide online education and after-school tutoring for students. Since 1949, Beijing was considered one of China's most industrial cities. $520.1. $516.5. 1. It is the largest urban economy on the planet. 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. Rounding out the top three cities is Tokyo, with $2.5 trillion in private wealth. 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Otherwise, Los Angeles enjoys wealth from other industries related to biosciences, trade, information, transportation, and aerospace. Asia is the region with the second most millionaires with six cities in the mix. Mumbai - City Of Dreams. Beijing's richest billionaire is the founder of TikTok (among other things), Zhang Yiming with a net worth of $35.6 billion. Moreover, when it comes to its residents, there are about 9,210 multi-millionaires calling London home, as well as 38 billionaires. Billionaire refers to U.S. dollar billionaire. Currently, 43 Fortune 500 companies that call New York City home include: Verizon, JP Morgan, Pfizer, Citigroup, MetLife, Goldman Sachs, Morgan Stanley, and more. Unlike so many other cities bending under the weight of a post-pandemic world, Houstons economy hs gotten stronger. 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. 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. 1. Historically speaking, Osaka has always been thought of as a major economic center of Japan. This international city is also attractive to domestic and foreign investors alike. Register in seconds and access exclusive features. [3] List [ edit] 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. Kolkata- GDP $150.1 Billion. In 2020, New York had the largest number of ultra wealthy individuals (UHNW), reaching 11,475 people. Being the largest city of the country, Mumbai is extensively . 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. Four cities made the list for the first time: Blackhawk, California; New Albany, Ohio; Long Grove, Illinois; and Darnestown, Maryland. 7 and Shanghai and Beijing staying flat at No. Current Health Expenditure per Capita. 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. Macao SAR will climb from 17th in 2020 to 9th in 2021. Known as a center of learning due to the many high caliber universities in the city such as Osaka and Kansai universities, Osaka attracts creative and innovative industries. 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. 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. Tokyo is the economic hub of Japan and is one of the most important cities in the world for business and finance. While Shenzhens export-led manufacturers have. 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. Tokyo is the most fascinating city to live in but also the most densely packed. Delhi city is the second most populated city in the world with a 30,291,000 million population. 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. Are you interested in testing our business solutions? Our ranking shows the 50 wealthiest countries, measured by gross domestic product per capita and adjusted by the purchasing in the respective country. Other companies crucial to Seouls economic health include: Kia, Daewoo and Hyundai. Alongside its growing wealth, San Francisco is also one of the fastest growing cities in the country. There are 4,000 cities and towns in India. Loudoun County is the richest county in the USA, with an estimated average household income of $ 117,876. Leading cities with the most billionaires in 2022 [Graph]. While Shenzhens export-led manufacturers have struggled 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. Industries critical for L.A.s economic success include entertainment, international trade, gaming, tourism, fashion and more. 4, respectively. Among the top 50, Aruba will climb five spots. March 17, 2022. 1. Click on the headers to reorganize columns. 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. Km. 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. City employment is driven by AT & T, Walgreens, Abbott Labs, the CTA, Walmart and Allstate Insurance, among others. In fact, Delhi's population can beat Tokyo by 2028. 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 Fortune 500 companies hosted by Boston include: State Street, Liberty Mutual Insurance, Gillette and General Electric. 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. 3. Rising development costs and foreign competition had already, the fortunes of South Koreas pharmaceuticals sector, before coronavirus concerns hit the countrys economy in late February in total, thirteen Seoul-based billionaires dropped off the list. Other notable NYC billionaire residents include hip-hop superstar Jay-Z and Julia Koch, the widow of former Koch Industries magnate David Koch. Another crucial element is the neighborhood of Zhongguancun. There are many benefits to living in an iconic city like New York or Singapore, but the amenities and exclusivity can come at a high cost. By examining a cities GDP, we can get a good idea of its industries and how they contribute to the overall economic growth. Surat - City Of Sun. More than 80% of Russias billionaires call its capital home, including mining mogul Vladimir Potanin, who is also the richest person in the nation. - Full Size", "Gross domestic product (GDP) at basic prices, by census metropolitan area (CMA)", "Population estimates, July 1, by census metropolitan area and census agglomeration, 2016 boundaries", "Population on 1 January by age groups and sex - functional urban areas", "President: Almaty turns into large regional investment attractive centre", "Posio ocupada pelos maiores municpios brasileiros em relao ao Produto Interno Bruto, Est. 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. Tourism is another major contributor to the economy of Philadelphia. New York City, USA: $1,330.000 Billion. Get full access to all features within our Business Solutions. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. The current state of the Moscow economy isnt as bright as it was earlier in the year due to sanctions. 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. 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 Dmitry and Igor Bukhman, founders of online gaming firm Playrix; and Camilla de Godoy Bueno Grossi, who inherited part of the fortune of her late father, Brazilian healthcare tycoon Edson de Godoy Bueno. Fortune Global 500 companies housed in Moscow include Gazprom, Rosneft Oil and Sistema among others. At 35 years old, Mark Zuckerberg is the youngest richest person by more than a decade. Let's consider New York City. Moreover, much of London's wealth is concentrated in neighborhoods like Westminster, Kensington, Islington, and Chelsea. Pune - Oxford Of The East. 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. 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. Monaco - 29.21% Millionaires. Shanghai. [1] The list is limited to the top 50 companies, all of which except Elevance Health have annual revenues exceeding US$140 billion. Travel + Leisure. ", Hurun Research Institute, Leading cities with the most billionaires in 2022 Statista, https://www.statista.com/statistics/299494/billionaires-top-cities/ (last visited March 04, 2023), Leading cities with the most billionaires in 2022 [Graph], Hurun Research Institute, March 17, 2022. The Private Industry Council works to promote the local economy via job training programs. 3. Dubai in top 10. About 300 cities have population over 1,00,000. Fortune 500 companies include Comcast, Colonial Penn, Sunoco, Aramark, CIGNA, Lincoln Financial Group, and more. Gautam Shantilal Adani. Paris, which has topped the ECA list in the past, dropped out of the top 30. Due to heavy investment into research and development, high-tech companies in Shenzen have consistent government support. Los Angeles is a city that takes great strides to encourage economic growth. Among Singapores newcomers are gaming tycoons, , cofounders of the online gaming and e-commerce firm Sea; both industries have. the country's economy as a whole is one of the fastest growing in the world. And for the sixth year in a row, more billionaires call New York City home than any other city in the world. Kolkata is the financial, commercial and industrial hub of the North East region. Besides thriving on industries related to finance, tourism, and media, London's wealth is also linked to the London Stock Exchange (LSE). [Online]. Those include, , who heads Indias largest paint company, Asian Paints, and the, , who control adhesives and sealants maker Pidilite Industries. Newcomers to the billionaire ranks who live in San Francisco include private equity dealmaker. This includes the burgeoning FinTech, or financial technology industries. In 2019, the Northern California city attracted 26.2 million visitors who spent around $10.3 billion USD in the city. Seoul is a gorgeous city and the economic hub of South Korea. Montgomery Street is considered the Wests Wall Street and is located in San Francisco. Home to about 393,000 millionaires, Seoul's economy is rooted in manufacturing, financial services, and transportation. Adding to the diversity are biotech companies and information technologies. Accessed March 04, 2023. https://www.statista.com/statistics/299494/billionaires-top-cities/, Hurun Research Institute. The largest economy in states, New York Citys prosperity is rooted in Wall Street. 2. Its known as the mecca of tech innovation, and as a result, the region has a high concentration of wealthy individuals. 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. Mumbai gained one billionaire resident since 2019, losing five billionaires but adding six newcomers. Five are new billionaires from the finance industry, including private equity wizards, . The top 10. 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). New York. The Periodic Table of Commodity Returns (2013-2022), Visualizing 25 Years of Lithium Production, by Country, Ranked: The Worlds Largest Copper Producers, All the Metals We Mined in 2021: Visualized, Chart: Automakers Adoption of Fuel-Saving Technologies, Explainer: What to Know About the Ohio Train Derailment, A Visual Crash Course on Geothermal Energy. London and the rest of the United Kingdom finally left the European Union on January 31st, 2020. Values soared as interest rates on loans went down in a sellers market, which made it tougher to find affordable properties. Their net worth is based on the data from 2022 available on their respective Forbes profiles. Makati City: $4.48 billion. The collective net worth of the citys billionaires is $424 billion, down $45.7 billion from a year ago. China retains its title as the country with the most cities in the top 10, with Shenzhen moving up one spot to No. The country is entirely landlocked and is surrounded by Rwanda, Tanzania, and the Democratic Republic of Congo. Five are new billionaires from the finance industry, including private equity wizards Tony Tamer and Steven Klinsky. These include three Indian cities, Tashkent in Uzbekistan, Almaty in Kazakhstan, Pakistans most populous city of Karachi, and Sri Lankan capitalColombo. The wealthy city-state has 31 billionaire residents, up from 22 last year, and replaces Seoul in the top 10. Ian Lurie on Quora calls Seattle "one of the most beautiful U.S. cities you'll find, with lots of lakes, the bay, mountains and green stuff.". Additionally, factors such as taxes, transportation costs, and availability of goods and services can also contribute to the overall cost of living in global cities. Which Countries are Buying Russian Fossil Fuels? He is popularly known for his role as Madea on House of Payne. The USA is the only country with a large surface area and population among the highest-ranking nations, ranking eleventh. 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! As such, you can see how anything affecting these shipping ports will have a negative impact on world wide supply chain logistics. Among the top 50 economies having the highest gdp per capita, Macao SAR . 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. Source: Forbes Music: Beethoven 5th Symphony Let me take you through the updated list of the World's richest cities as of 2022. According to a study by Teleport, Osaka scores well when it comes to affordable housing, community safety, business, and healthcare. Kicking off the list is the charming Italian city of Florence - which is kind of surprising. Los Angeles, Chicago and Houston round out the top five. Despite being significantly smaller than Los Angeles, San Francisco houses more millionaires than its southern California counterpart. The place is mostly known for its stunning Renaissance architecture and is . When Covid struck, global traveling came to a halt, and for a while Macao even slipped out of the 10 richest nations ranking. These figures were taken after the market close on September 18, 2020. Top 10 Richest Asian Countries (2020 GDP, Int$ PPP - World Bank) China - $24.27 trillion; . San Francisco also has the highest median household income in the country. However, today it has moved on to other, more profitable economic interests such as finances, high tech and insurance, to name a few. Consumption of Fuel and Materials per Capita, Visualizing Chinas Dominance in Battery Manufacturing (2022-2027P), Mapped: The Population of Indias States Compared with Countries. Cities may be defined as the cities proper, the extent of their urban area, or their metropolitan regions. For the first time, revenues from Global 500 companies in Greater China (including Taiwan). 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. The third-wealthiest country in Asia is Japan, with just over $5.3 trillion. As a SEZ, businesses in the area receive special treatment in the form of tax benefits, which helps increase the GDP bottom line immensely. Seven cities have population more than 3 million. 9 last year. 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. This international city has over 192,000 resident millionaires with 34 billionaires. But if this inflation is compounded with a strong national currency, you may live in one of the worlds most expensive cities. [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. A good part of their revenue comes from their port, which is the largest container port in the world. On this list, New York City was ranked as the richest city with a total of $3 trillion in private wealth. 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. 4, respectively. The city by the bay has five fewer billionaires than a year ago in part because fortunes fell below $1 billion for former Uber CEO Ryan Graves and Pinterest cofounder Ben Silbermann. Mumbai gained one billionaire resident since 2019, losing five billionaires but adding six newcomers. 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. The four cities that made the top 50 in 2019 but did not make . 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. area followed by Delhi, Kolkata, Bangalore and Chennai. Besides being a major educational hub and commercial space, Tokyo's economy relies on industries related to healthcare, communications, transportation, and real estate. 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. Access to this and all other statistics on 80,000 topics from, Show sources information Fortune 500 companies located in the Rhine-Ruhr metropolitan area include: ThyssenKrupp AG, RWE AG, Bayer AG, Evonik Industries, among others.