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. A good part of their revenue comes from their port, which is the largest container port in the world. This includes the burgeoning FinTech, or financial technology industries. Loudoun County. 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. The country is entirely landlocked and is surrounded by Rwanda, Tanzania, and the Democratic Republic of Congo. Once a top contender in manufacturing, today manufacturing revenue covers only around 10 percent of the economy. 1. The top 10 riches cities in the world behind New York City were Tokyo, San Francisco Bay Area, London, Singapore, Los Angeles and Malibu, Chicago, Houston, Beijing, and Shanghai. It goes without saying that due to its history tourism is a huge draw when it comes to obtaining revenue. New York City notched the top spot for the sixth year running, growing its count of billionaire city dwellers by eight compared to 2019. As a Premium user you get access to the detailed source references and background information about this statistic. 1. 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At its peak, General Motors enjoyed a 50% market share in the United States. London and the rest of the United Kingdom finally left the European Union on January 31st, 2020. 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. 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. 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. 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. 29. Business Solutions including all features. Out of the 2,095 members of the 2020 Forbes Worlds Billionaires list, 552 live in just ten cities. Palo Alto - $147,537 In other words, the city produces poor copies of everything from designer fashions to scooters. 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. statistic alerts) please log in with your personal account. Blessed with an affordable cost of living, two stunning shorelines, vibrant cities, and swathes of glorious scenery, its understandable, Read More The 10 Best Places to Live in Mexico for AmericansContinue, If you live in Kentucky already, then youll already be well aware that when it comes to crime, the Bluegrass State is doing pretty well for itself. As a Premium user you get access to background information and details about the release of this statistic. Currently, 43 Fortune 500 companies that call New York City home include: Verizon, JP Morgan, Pfizer, Citigroup, MetLife, Goldman Sachs, Morgan Stanley, and more. 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. The infographic above uses data from EIU to rank the world most and least expensive cities to live in. Some cities have some obvious billionaires that come to mind. Tokyo may not be as wealthy as New York, but this megacity remains one of the richest cities in Asia. How does a city become one of the wealthiest in the world? In fact, Seoul is known as the most wired city in the world due to the high concentration of high-tech industries. If you live in a city where many residents find it challenging to put a roof over their heads, food on their plates, and make ends meet, you live in an expensive city. Loudoun County is located in the Commonwealth Virginia, with a population of 375,000 people. L.A. is also abuzz with development projects, such as refurbishing businesses like Manns Chinese Theater, as well as infrastructure projects. For instance, the city of New York is a metropolitan area made up of 5 boroughs with each borough contributing to the cities overall GDP. As of 2020, there is an estimated $3 trillion worth of assets and capital in the city. 7 and Shanghai and Beijing staying flat at No. Not surprisingly, China is home to three of these cities, including Hong Kong (SAR). From Singapore To New York City, more than 26% of the worlds 2,095 billionaires live in just 10 cities on three continents. This video will compare the top 50 richest people in the world by net worth in 2020. It has a diverse stable economy ranging from Gas Extraction and Manufacturing, Companies and Enterprise, and Retail Trade. Moreover, a portion of Beijing's rapid economic growth is the product of international investments, registering over 45,000 foreign-invested businesses in 2020. 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.". You need at least a Starter Account to use this feature. Lower down the list So, which cities are lower ranked than in previous years? Furthermore, Los Angeles' wealth is also tied to its appeal to immigrants and innovative companies involved in information and technology. This international city is also attractive to domestic and foreign investors alike. By 2025, the city's GDP would have [] [1] The list is limited to the top 50 companies, all of which except Elevance Health have annual revenues exceeding US$140 billion. 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. Dallas plays host to a variety of industries, and its these industries which are responsible for the economic growth of the Dallas metropolitan area. This international city has over 192,000 resident millionaires with 34 billionaires. Boston-Cambridge-Newton, Massachusetts. 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. "Leading Cities with The Most Billionaires in 2022. The billionaire's rank, nationality, and source of his or her wealth is listed. Visakhapatnam - Industrial Port Of India. These figures were taken after the market close on September 18, 2020. Monaco - 29.21% Millionaires. Houstons economy is diverse, from the worlds largest petrochemical manufacturing center to health care and medical research, real estate, finance, and information tech industries. Ever since, San Francisco has remained a strong financial stronghold for the state of California. The third-wealthiest country in Asia is Japan, with just over $5.3 trillion. Quezon City: $1.69 billion. Hong Kong is once again the city with the second most billionaires in the world. Follow Us. South Koreas Wall Street is the Korea Exchange in Yeoui Island. Manila: $790 million. A little known fact is that L.A. is the manufacturing center of the country. Current Health Expenditure per Capita. Tokyo is the economic hub of Japan and is one of the most important cities in the world for business and finance. 5. Interactive map Though approximately 23% of Beijing's GDP is linked to its manufacturing sector, over 80% of the city's wealth is tied to the service sector. In particular, the United States claims five of the cities in the top 10, including the very top spot with New York City. As a major commercial hub for England, a number of established companies are found in London, such as Unilever, Barclays, BP, and Shell. 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. Major metropolitan areas contributing at least 2.5% of world GDP. This may not be surprising, considering the U.S. is the world's largest wealth marketit holds over 29% of the world's wealth. Tokyo is the most fascinating city to live in but also the most densely packed. Geneva, Switzerland - 17.92% Millionaires. Paris, which has topped the ECA list in the past, dropped out of the top 30. 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. The place is mostly known for its stunning Renaissance architecture and is . Liz Flynn has worked as a full-time writer since 2010 after leaving a career in education. These four cities are, Singapore broke into the top 10, replacing Seoul, which was No. Source: Forbes Music: Beethoven 5th Symphony To make the list, the EIU examines 400+ prices for over 200 products and services in 172 cities, surveying a variety of businesses to track price fluctuations over the last year. The largest economy in states, New York Citys prosperity is rooted in Wall Street. Greater Mumbai still is the most populated city in its 440 sq. Billionaire refers to U.S. dollar billionaire. After all, Paris is one of the hotbeds of world tourism, its the city of love and art. Major financial powerhouses in London include Canary Wharf, HSBC and Barclays. Fortune Global 500 companies in Tokyo include: Honda Motors, Hitachi, Sony, Mitsubishi and more. 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. San Francisco also has the highest median household income in the country. Till 2030, Tokyo city will project to be the top-most populated city on earth. Those include, , who heads Indias largest paint company, Asian Paints, and the, , who control adhesives and sealants maker Pidilite Industries. 24/7 Wall Street reviewed income levels in 382 metropolitan . Other companies crucial to Seouls economic health include: Kia, Daewoo and Hyundai. 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. This list is incomplete, as not all companies disclose their information to the general public. New York is the wealthiest city in the worldhome to 345,600 millionaires with a total private wealth that exceeds $3 trillion. Number of individuals with a net worth of $5 million or more: 49,005 Percentage of global population: 1.7% Paris is the capital and most populous city of France, with an estimated population of 2,150,271 residents as of 2020, in an area of 105 square kilometers (41 square miles). 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. Does your team make it in the top fifty richest soccer clubs in 2022? There are 4,000 cities and towns in India. Rising development costs and foreign competition had already felled 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. The Fortune 500 companies hosted by Boston include: State Street, Liberty Mutual Insurance, Gillette and General Electric. For the fourth straight year, Atherton topped Bloomberg's Richest Places annual index. (March 17, 2022). Consumption of Fuel and Materials per Capita, Visualizing Chinas Dominance in Battery Manufacturing (2022-2027P), Mapped: The Population of Indias States Compared with Countries. This infographic uses information from the Henley Global Citizens Report, in partnership with New World Wealth, to rank the worlds wealthiest cities. Show publisher information You can only download this statistic as a Premium user. $520.1. Industries that contribute to New York Citys economy are health care, tourism, real estate, tech, publishing, fashion, media and insurance, among others. With about 2,320 multi-millionaires calling Paris home, the backbone of this European city relies on hospitality, commerce, transportation, and other services. Among the top 10 richest economies, Ireland has the fastest-growing economy with 13.04%. Boasting a population of over 300,000 resident millionaires, Tokyo is also home to a dozen billionaires. 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. UAE in Top 20. These initiatives include the Small Business Improvement Fund, the Chicago Recovery Grant, Special Service Area Program, Tax Increment Financing and more. Seoul is a gorgeous city and the economic hub of South Korea. Among the top 50 economies having the highest gdp per capita, Macao SAR . Kolkata is house of many Indian corporations like Coal India Limited, ITC Limited, Britannia Industries, Allahabad Bank,. For instance, billionaires like Zhang Yiming, founder of TikTok, calls the capital city home (with a net worth of about $35.6 billion USD)! The Big Apple has historically been a hub for trade and investment, due to a buzzing port and its very well connected location, with rivers and canal systems reaching out to the midwest. Among the top 50, Aruba will climb five spots. 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. More than 80% of Russias billionaires call its capital home, including mining mogul Vladimir Potanin, who is also the richest person in the nation. Home to both invention and innovation, animes, mangas and of course, robots, Tokyo is known as the financial center of the world. The county seat of Loudoun is in Leesburg, where most administration activities take place. - 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. 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 . Newcomers from other sectors also joined the ranks, including AI pioneer Daniel Dines and Brooklyn native Jay-Z. More than 80% of Russias, call its capital home, including mining mogul. Register in seconds and access exclusive features. 13. Looking to the future, companies and high-net-worth individuals will inevitably move where they are treated best. The richest person in New York City is Bloomberg LP founder and former Mayor Michael Bloomberg, who spent nearly $1 billion of his $48 billion fortune on a failed presidential campaign before dropping out in March to endorse Joe Biden. 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 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. 1. Kuwait (-4) will be the worst loser, followed by The Bahamas (-3) and Iceland (-3). Its no surprise to anyone that a good chunk of the Paris economy is the tourist trade. As of March 2023, MacKenzie Scott's net worth is estimated to be $33.3billion. Most such agglomerations are economically, socially and culturally dominated by one city at their centre. U.S. Inflation: How Much Have Prices Increased? 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. Chicago, which serves as the home base for 35 Fortune 500 companies, is home to 160,100 millionaires, 340 centimillionaires and 28 . Basically, the metropolitan areas of Maastricht. Industries critical for L.A.s economic success include entertainment, international trade, gaming, tourism, fashion and more.