In fact, the average annualy income in these neighborhoods is typically over 100,000. A huge part of this development was the influx of multi-national corporations. 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. Beijing, China: $591.374 Billion Beijing is the capital of China and has a population of over 20 million. Property prices fell 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 newcomer real estate developer Lun Ruixiang. Please create an employee account to be able to mark statistics as favorites. The Big Smoke is no stranger to economic prosperity. How does a city become one of the wealthiest in the world? Being one of Asia's most wealthy countries, South Korea is home to the capital Seoul, which witnessed an 11% increase in its millionaire population between 2019 and 2020, despite facing a global pandemic. Macao SAR will climb from 17th in 2020 to 9th in 2021. It has a diverse stable economy ranging from Gas Extraction and Manufacturing, Companies and Enterprise, and Retail Trade. The Shenzhen Special Economic Zone was created in May of 1980 and is based on Irelands Shannon Free Zone. 3. 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. 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. Top 5 Most Populated Cities in the World - NCERT Books Does your team make it in the top fifty richest soccer clubs in 2022? According to a study by Teleport, Osaka scores well when it comes to affordable housing, community safety, business, and healthcare. Profit from the additional features of your individual account. As a major commercial hub for England, a number of established companies are found in London, such as Unilever, Barclays, BP, and Shell. San Francisco also relishes in its reputation as the sixth largest economy in the US. Richest Counties in the United States - [2023 Updated] - RichUpdates London and the rest of the United Kingdom finally left the European Union on January 31st, 2020. But the Nations Valentine has so much more to offer. 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. For instance, Osaka is home to major electronics corporations like Sharp and Panasonic as well as pharmaceutical companies, food, retail and trading companies. Tokyo has 39 million residents which are 50% more than any other urban area of the world. Gautam Shantilal Adani. The City of Chicagos economy is home to a strong financial sector which includes the Chicago Board of Trade, NYSE Arca, Chicago Mercantile Exchange, Chicago Board Options Exchange and the Chicago Stock Exchange. 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! 10. Fortune 500 companies include Discovery Communications, Fannie Mae, Walmart and CACI International among others. 2 on the list, but the city recorded a net loss of eight billionaire residents. For the first time, revenues from Global 500 companies in Greater China (including Taiwan). 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, . 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. Elon Musk Elon Musk is a South African-born Canadian-American businessman, investor & the richest person in the world. Current Health Expenditure per Capita. 9 last year. In total, these 30 people control. 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. New York City is also considered the country's leader in finance due to its storied past. to incorporate the statistic into your presentation at any time. The 20 Richest ZIP Codes in the USA - MoneyWise Singapore broke into the top 10, replacing Seoul, which was No. 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. Shanghai. Dublin is the wealthiest city, with a per capita income of $115,094. 27. 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. Furthermore, the Big Apple was also a popular destination for entrepreneurs and innovative businesses, furthering its reputation as a financially-savvy city. It is through the electric car maker Tesla and in space by rocket produced by SpaceX. This includes the burgeoning FinTech, or financial technology industries. 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. 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; 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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. 10 Richest Car Companies In The World - ventured.com At 35 years old, Mark Zuckerberg is the youngest richest person by more than a decade. 11. In pre-Covid times, Chicago clocked round 55 million tourists in 2017. Beijing also has the dubious distinction of being the knock-off capital of the world. Once considered a major shipping hub to the world, that distinction has been replaced by the service industries, such as financial services. The decade-long conflict in Syria weakened the Syrian pound, led to a spiraling inflation and fuel shortages, and further collapsed its economy. 3. Get full access to all features within our Business Solutions. What is the Cost of Living in New Hampshire? 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. City Mayors: Richest cities in the world in 2020 by GDP Otherwise, Los Angeles enjoys wealth from other industries related to biosciences, trade, information, transportation, and aerospace. But what are the fastest growing cities for the rich? Luxury services also play a significant factor in Paris' economy, acting as a hub for famous brands like Mot, Cartier, and Louis Vuitton. Pasay City: $350 million. 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. The Top 5 Cities in Mexico in 2020. He is worth $1 billion, becoming the richest actor in the world. He also praises the seafood, arts scene and welcoming atmosphere, though other critics call Seattle residents overly materialistic. Among the top 50, Aruba will climb five spots. The list of top 50 richest football clubs in the world ranked by Forbes have been revealed. The typical American household earns $57,617 per year. It goes without saying that due to its history tourism is a huge draw when it comes to obtaining revenue. For instance, billionaires like Zhang Yiming, founder of TikTok, calls the capital city home (with a net worth of about $35.6 billion USD)! 2. The wealthy city-state has 31 billionaire residents, up from 22 last year, and replaces Seoul in the top 10. 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. Los Angeles, Chicago and Houston round out the top five. Boasting a population of over 300,000 resident millionaires, Tokyo is also home to a dozen billionaires. Which cities and regions have the biggest concentrations of millionaires around the world, each with a net worth greater than $1 million (USD)? Tokyo, Japan- GDP: $1,520 billion. Top 10 Richest Cities in the World - Luxatic New York City: 107 Billionaires. 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 Chinese capitals tally of ten-figure-fortunes rose by six since last year to reach 67 billionaires. China retains its title as the country with the most cities in the top 10, with Shenzhen moving up one spot to No. Then you can access your favorite statistics via the star in the header. The top 10. 12. Manila: $790 million. Boston-Cambridge-Newton, Massachusetts. With the onset of free-market reforms in the 1990s, Beijing saw its economic development soar. 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. The 30 Richest People in the World - Wealthy Gorilla Top 50 Richest People in the World (2020) | Top Richest He is popularly known for his role as Madea on House of Payne. As of 2020, there is an estimated $3 trillion worth of assets and capital in the city. 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. Hong Kong is once again the city with the second most billionaires in the world. Seoul is a gorgeous city and the economic hub of South Korea. 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. In detail, 144 billionaires resided in the capital of China. List of cities by GDP - Wikipedia New York is the wealthiest city in the worldhome to 345,600 millionaires with a total private wealth that exceeds $3 trillion. London has been the worlds wealthiest city for years, but over the past decade there has been an outflow of millionaires. All maps, graphics, flags, photos and original descriptions 2023 worldatlas.com, The World's Most Populated Capital Cities. 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. Its been rapidly replaced by information tech and financial services. More than 80% of Russias, call its capital home, including mining mogul. China's capital city offers services in key sectors related to finance, information technology, scientific research, and industry. 25 richest cities in the US: Does your metro area make the list? Frankfurt in Germany is the second richest city after Dublin with an income of $102,941 per capita. 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). 10. Tourism is another major contributor to the economy of Philadelphia. Mapped: Which Countries Have the Highest Inflation? 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 Though affordability sounds good at face value, sitting at the bottom of the ranking isnt necessarily a coveted position. Washington, District of Columbia: $578.985 Billion, 4. Delhi City. Newcomers from other sectors also joined the ranks, including AI pioneer Daniel Dines and Brooklyn native Jay-Z. Visualizing the Global Share of U.S. Stock Markets. Dubai Advantage | 50 Richest Countries in the World 2020 Image Source. Accessed March 04, 2023. https://www.statista.com/statistics/299494/billionaires-top-cities/, Hurun Research Institute. Furthermore, Tokyo owns 10% and close to 16% of Japan's officespace and workers, respectively. Top 10 Richest Cities in the World In terms of GDP rankings In 2019, San Francisco's tourism industry resulted in 86,111 jobs. 4. Five are new billionaires from the finance industry, including private equity wizards, . Due to heavy investment into research and development, high-tech companies in Shenzen have consistent government support.

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