top 50 richest cities in the world 2020

Their net worth is based on the data from 2022 available on their respective Forbes profiles. the country's economy as a whole is one of the fastest growing in the world. 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 . from people staying indoors and spending more time online. Does your team make it in the top fifty richest soccer clubs in 2022? The four cities that made the top 50 in 2019 but did not make . Meanwhile, seven cities in Asia with the common denominator of high-income inequality and low wages dominate the list of the worlds cheapest cities. He worked to revolutionize transportation on earth. Kimberly Noel Kardashian West is an American media personality, socialite, model, businesswoman, producer, and actress. It checks all the boxes when it comes to being an economically successful place: physical connectedness (ports, rivers, public transporatation), investment opportunities (access to venture capital), and attracting a crowd of skilled individuals from around the globe, nurturing a culture of innovation. Access to this and all other statistics on 80,000 topics from, Show sources information As of March 2023, MacKenzie Scott's net worth is estimated to be $33.3billion. Penthouses in the 30 Park Place complex are currently listed for 10 times as much. Looking to the future, companies and high-net-worth individuals will inevitably move where they are treated best. Beijing also has a sizeable billionaire population of 100 people, compared to any other international city. How does a city become one of the wealthiest in the world? 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. Boston-Cambridge-Newton, Massachusetts. . The wealthy city-state has 31 billionaire residents, up from 22 last year, and replaces Seoul in the top 10. 20 Cities with the Worst Weather in the U.S. How Eiza Gonzalez Achieved a Net Worth of $5 Million. Historically speaking, Osaka has always been thought of as a major economic center of Japan. He is worth $1 billion, becoming the richest actor in the world. Pasig City: $710 million. This site uses Akismet to reduce spam. Hong Kong is once again the city with the second most billionaires in the world. The country is entirely landlocked and is surrounded by Rwanda, Tanzania, and the Democratic Republic of Congo. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 600+ segments in 150+ countries, Insights on consumer attitudes and behavior worldwide, Business information on 60m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. London: 63 Billionaires Since Last Year: +7 Total Net Worth: $316.1 Billion Richest Resident: Len Blavatnik, $32 Billion 30 in the index, a. In the latest edition of the ranking, North America has a strong showing with seven of the wealthiest cities, by number of millionaires. Major financial powerhouses in London include Canary Wharf, HSBC and Barclays. 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. The third-wealthiest country in Asia is Japan, with just over $5.3 trillion. Washington, District of Columbia: $578.985 Billion, 4. Facebook: quarterly number of MAU (monthly active users) worldwide 2008-2022, Quarterly smartphone market share worldwide by vendor 2009-2022, Number of apps available in leading app stores Q3 2022, Profit from additional features with an Employee Account. There are 4,000 cities and towns in India. Other Shanghai entrepreneurs are newcomers to the list, including Wang Jilei, who draws his wealth from express delivery firm ZTO Express, and Chen Rui, whose anime and entertainment site Bilibili saw an uptick in demand after it gave residents of locked down areas free access to premium content. Los Angeles is not California's only wealthy city! 2 on the list, but the city recorded a net loss of eight billionaire residents. 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. 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. Finally, London hosts some of the most prominent Fortune Global 500 companies such as Lloyds Banking Group, Prudential, J Sainsbury, BP, Tesco and Vodafone Group, among others. 27. Ranked: The Worlds Richest Billionaires Over the Past 10 Years, All of the Worlds Money and Markets in One Visualization (2022), The U.S. and China Account for Half the Worlds Household Wealth, Charting the Relationship Between Wealth and Happiness, by Country, Mapped: The Wealthiest Billionaire in Each U.S. State in 2022, Poll: Inflation is the Top Financial Concern for Americans, From New York to Damascus, this infographic uses EIU cost of living data to rank the worlds most and least expensive cities to live in. Chart. While Shenzhens export-led manufacturers have. Though residents are keen on investing in the real estate market, younger generations are finding it difficult to afford a home in Seoul due to the rising cost of real estate property and rising economic insecurity. The typical American household earns $57,617 per year. 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. Billionaire refers to U.S. dollar billionaire. This year 92 billionaires live in the Big Apple as their primary residence 8 more than a year ago. Los Angeles, Chicago and Houston round out the top five. As a Premium user you get access to the detailed source references and background information about this statistic. But what are the fastest growing cities for the rich? These figures were taken after the market close on September 18, 2020. 12. Here are the 10 leading cities for the wealthy for 2019. In an attempt to rank the cities of the world according to wealth, we will use the Purchasing Power Parity (PPP) as a means of comparison. The international megacity is the country's bustling financial and commercial hub, with its economic wealth tied to its services in finance, healthcare, professional and business services, retail, and education. 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. Where are the German and Chinese Cities? Media mogul turned politician Michael Bloomberg, founder of Bloomberg, is the . Asia is the region with the second most millionaires with six cities in the mix. As soon as this statistic is updated, you will immediately be notified via e-mail. , who is also the richest person in the nation. , 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. Dallas Number of individuals with a net worth of $5 million or more: 36,515 Percentage of global population: 1.2% 9. 1. to incorporate the statistic into your presentation at any time. Luxury services also play a significant factor in Paris' economy, acting as a hub for famous brands like Mot, Cartier, and Louis Vuitton. Devoted to encouraging economic development, Chicagos Department of Planning and Development has a number of economic development initiatives. 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. 7 and Shanghai and Beijing staying flat at No. Alongside its growing wealth, San Francisco is also one of the fastest growing cities in the country. 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. Furthermore, the Big Apple was also a popular destination for entrepreneurs and innovative businesses, furthering its reputation as a financially-savvy city. For instance, billionaires like Zhang Yiming, founder of TikTok, calls the capital city home (with a net worth of about $35.6 billion USD)! Richest Resident: Colin Zheng Huang, $55.3 Billion Shanghai remained at number six despite adding 18 new billionaires and Colin Zheng Huang is the richest resident of the city. Four cities made the list for the first time: Blackhawk, California; New Albany, Ohio; Long Grove, Illinois; and Darnestown, Maryland. Macao SAR will climb from 17th in 2020 to 9th in 2021. 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. Montgomery Street is considered the Wests Wall Street and is located in San Francisco. If we're looking at cities in terms of total wealth, then the Big Apple leads the pack by a country mile. 1. Standing as Russia's capital for centuries, the country's national wealth has been building in Moscow since the 1990s after the fall of the Soviet Union. Monaco - 29.21% Millionaires. As a Premium user you get access to background information and details about the release of this statistic. Major metropolitan areas contributing at least 2.5% of world GDP. "The Sy siblings took the biggest hit in dollar terms but remain at No. However, this megacity is most famous for its thriving entertainment industry, which pumps billions of dollars into the city's (and country's) economy. This large metropolitan area has a history of being the hub of Germanys heavy industry sector. ed 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. London and Paris are the major and richest cities in Europe with a GDP of US$835 billion and US$822 billion respectively. 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. Among Singapores newcomers are gaming tycoons, , cofounders of the online gaming and e-commerce firm Sea; both industries have. Singapore has one of the highest densities of millionaire households in Asia, with over 5% of households having at least $1 million USD in net financial assets. Loudoun County. , a member of the citys Raheja real estate clan, who was worth an estimated $2.3 billion last year. This included plans of action to assist with rent, taxes, business subsidies and more. 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. Home to about 393,000 millionaires, Seoul's economy is rooted in manufacturing, financial services, and transportation. It is also home to Wall Street, the financial capital of the US and the world. Its also host to the headquarters of around 75 percent of the worlds Fortune 500 companies. This international city is also attractive to domestic and foreign investors alike. Kicking off the list is the charming Italian city of Florence - which is kind of surprising. China retains its title as the country with the most cities in the top 10, with Shenzhen moving up one spot to No. . 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 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. A home stands in Atherton, California, U.S., on Tuesday, Feb. 18, 2020. You need at least a Starter Account to use this feature. (Video) TOP 10 RICHEST CITIES In The World 2021 (Uncover) Which is the richest city in the world 2022? Mumbai - City Of Dreams. 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. She finds almost all topics she writes about interesting, but her favorite subjects are travel and food. City employment is driven by AT & T, Walgreens, Abbott Labs, the CTA, Walmart and Allstate Insurance, among others. The TYO encompasses over 3,700 listed companies and a market value estimated at JPY 600 trillion (or approximately $42 billion USD). Other industries driving their economy are tech, tourism, and the service industries such as hospitality. In other words, the city produces poor copies of everything from designer fashions to scooters. Kolkata is the financial, commercial and industrial hub of the North East region. He also praises the seafood, arts scene and welcoming atmosphere, though other critics call Seattle residents overly materialistic. Beijing is the capital of China and has a population of over 20 million. Refer to sources for more information. 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. Keep in mind that state-owned corporations in China get tremendous government support no matter what the economic conditions, even Global 500 companies like SAIC Motor and China National Petroleum. London and the rest of the United Kingdom finally left the European Union on January 31st, 2020. 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. For the first time, revenues from Global 500 companies in Greater China (including Taiwan). The Top 25 Cities in the World in 2020. The Shenzhen Special Economic Zone or SEZ is an important business and financial services center in China. New York City is also considered the country's leader in finance due to its storied past. Mumbai gained one billionaire resident since 2019, losing five billionaires but adding six newcomers. (March 17, 2022). Pasay City: $350 million. 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. Dubai in top 10. 1 with $13.9 billion. And for the sixth year in a row, more billionaires call New York City home than any other city in the world. Which cities and regions have the biggest concentrations of millionaires around the world, each with a net worth greater than $1 million (USD)? By examining a cities GDP, we can get a good idea of its industries and how they contribute to the overall economic growth. Otherwise, Los Angeles enjoys wealth from other industries related to biosciences, trade, information, transportation, and aerospace. Liz loves the process of researching information, learning new things, and putting into words what others who share her interests might like to read. Newcomers to the billionaire ranks who live in San Francisco include private equity dealmaker Orlando Bravo and cloud communications entrepreneur Vlad Shmunis. For example, Moscow's rich neighborhoods like Rublyovka contain private houses that can cost up to $60 to $80 million! On this list, New York City was ranked as the richest city with a total of $3 trillion in private wealth. Chicago, which serves as the home base for 35 Fortune 500 companies, is home to 160,100 millionaires, 340 centimillionaires and 28 . What is the Cost of Living in New Hampshire? Principal industries which were the engine behind Moscows economy are textile, metallurgy, energy, and chemical. The Shenzhen Special Economic Zone was created in May of 1980 and is based on Irelands Shannon Free Zone. The headquarters of several cities are also found in Tokyo, which include Honda, Sony, Hitachi, and Mitsubishi. 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For instance, Osaka is home to major electronics corporations like Sharp and Panasonic as well as pharmaceutical companies, food, retail and trading companies. Singapore broke into the top 10, replacing Seoul, which was No. 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. 5. 9 last year. The place is mostly known for its stunning Renaissance architecture and is . At its peak, General Motors enjoyed a 50% market share in the United States. + - Leaflet | Tiles OpenMapTiles | Data OpenStreetMap contributors Income distibution for all U.S. cities The Top 5 Cities in Mexico in 2020. London is ranked second with $2.7 billion in private wealth. 24/7 Wall Street reviewed income levels in 382 metropolitan . The company currently focuses on its four core brands: Cadillac, Chevrolet, GMC and Buick. Even though the city was riddled with the effects of the pandemic, Job growth occurred with another 5,700 jobs added. The county seat of Loudoun is in Leesburg, where most administration activities take place. The Top 15 Cities in Asia in 2020. Not surprisingly, China is home to three of these cities, including Hong Kong (SAR). These four cities are home to 228 billionaires. 2 on the list, but the city recorded a net loss of eight billionaire residents. 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. New York City, USA: $1,330.000 Billion. Surat - City Of Sun. Additionally, the citys real estate market is known for being expensive, with sky-high property values and rents. San Francisco has a rich economic history,,one that includes the wealth generated by the California Gold Rush. Additionally, approximately 18% of Japan's universities are found in Tokyo. On a related note, there is a sizeable population of secondary homeowners in London. New York City (NYC), which lost the number one slot to Beijing in 2021, has added eight new billionaires with a total net worth of $640.4 Billion. Paris is also home to several Fortune Global 500 companies such as, BNP Paribas, Peugeot, CNP Assurances, SNCF, Vivendi and more. Five are new billionaires from the finance industry, including private equity wizards Tony Tamer and Steven Klinsky. A massive powerhouse in Seoul is Samsung. Our ranking shows the 50 wealthiest countries, measured by gross domestic product per capita and adjusted by the purchasing in the respective country. Manila: $790 million. All maps, graphics, flags, photos and original descriptions 2023 worldatlas.com, The World's Most Populated Capital Cities. How many millionaires, centimillionaires, and billionaires live in the worlds wealthiest cities? U.S. Inflation: How Much Have Prices Increased? Many cities in India are densely inhabited, trade between them has improved, and transportation systems have been modernized. Boasting a population of over 300,000 resident millionaires, Tokyo is also home to a dozen billionaires. Hong Kong is once again the city with the second most billionaires in the world. Cities in the UAE became millionaire magnets, attracting over 4,000 millionaires in 2022. 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. In terms of asset management, FinTech, and ESG investment, Tokyos continued growth as the worlds most foremost economies appears secured.

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