Cities may be defined as the cities proper, the extent of their urban area, or their metropolitan regions. Looking to the future, companies and high-net-worth individuals will inevitably move where they are treated best. + - Leaflet | Tiles OpenMapTiles | Data OpenStreetMap contributors Income distibution for all U.S. cities Mumbai - City Of Dreams. In order to recoup losses, in June of 2022, the city of Shanghai released a post-lockdown business recovery plan. A paid subscription is required for full access. In 2019, San Francisco's tourism industry resulted in 86,111 jobs. 10. London has been the worlds wealthiest city for years, but over the past decade there has been an outflow of millionaires. 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. 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. Mumbai gained one billionaire resident since 2019, losing five billionaires but adding six newcomers. Its wealthiest resident, , chairman and CEO of Internet media behemoth Tencent Holdings, is the, . , 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. You need a Statista Account for unlimited access. Organisation for Economic Co-operation and Development, List of most expensive cities for expatriate employees, List of country subdivisions by GDP over 200 billion US dollars, "Gross Domestic Product: Implicit Price Deflator", "Standard country or area codes for statistical use (M49): Geographic Regions", "Global Wealth GDP Nominal Distribution: Who Are The Leaders Of The Global Economy? These are the 10 wealthiest cities in the world - and the number of wealthy individuals who live in each of them - according to Henley & Partners' report. This is due in part to the countrys strong economic growth and favorable business environment, which has attracted many wealthy individuals and families to the country. After their divorce, MacKenzie received a 4% stake in Amazon, which was worth about $35 billion at the time. Companies that have offices in Boston include BNY Mellon, Goldman Sachs and Microsoft. 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. Standing as one of Russia's largest industrial and financial centre, much of the country's wealth is still tied to this capital city. 1. U.S. Inflation: How Much Have Prices Increased? 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. 9 last year. "The Sy siblings took the biggest hit in dollar terms but remain at No. The city employs 36,000 people and is home to some 75, 00 people. The city-state of Singapore is the wealthiest country in Asia, with a per-capita GDP of . Travel + Leisure. Ahmedabad - Textile Hub Of India. Hong Kong remains No. Its no surprise that its capital city of Damascus has maintained its position as the worlds cheapest city. Which Countries Have the Lowest Inflation? Mumbai gained one billionaire resident since 2019, losing five billionaires but adding six newcomers. China retains its title as the country with the most cities in the top 10, with Shenzhen moving up one spot to No. 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. Beijing also has the dubious distinction of being the knock-off capital of the world. 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. 2 on the list, but the city recorded a net loss of eight billionaire residents. In Hong Kong, 9,530 ultra wealthy individuals resided, followed by Tokyo with 8,345 lived. - Full Size", "Global Wealth PPP Distribution: Who Are The Leaders Of The Global Economy? The country is entirely landlocked and is surrounded by Rwanda, Tanzania, and the Democratic Republic of Congo. The company currently focuses on its four core brands: Cadillac, Chevrolet, GMC and Buick. Km. New York is the wealthiest city in the worldhome to 345,600 millionaires with a total private wealth that exceeds $3 trillion. In 2020, New York had the largest number of ultra wealthy individuals (UHNW), reaching 11,475 people. Cities may be defined as the cities proper, the extent of their urban area, or their metropolitan regions. 5. 3. She finds almost all topics she writes about interesting, but her favorite subjects are travel and food. Manila: $790 million. 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. 2 on the list, but the city recorded a net loss of eight billionaire residents. Chart. 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. According to the Hurun Global Rich List 2022, the leading city with the most billionaires in 2022 was Beijing. Major metropolitan areas contributing at least 2.5% of world GDP. 3. In 2022, the combined wealth of India's 100 richest increased by $25 billion to touch $800 billion. Europe comes in third with five cities, though only London makes into the top 10 portion of the ranking. RANKED: These Are The 50 Richest Towns To Live In The United States, 2020 Sophie Ireland C-Suite Lifestyle February 21, 2020 With an average household income of more than $525,000, Atherton, California is the richest town in the United States, that's according to a Bloomberg report. 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. Tripoli and Tehran, the capitals of Libya and Iran, respectively, follow next on this list, reflecting their weakened economies. Caloocan City: $360 million. Everything from financial services, fashion, digital media, the food/beverage industry and tech found a home in Toronto. Industries critical for L.A.s economic success include entertainment, international trade, gaming, tourism, fashion and more. Boasting a population of over 300,000 resident millionaires, Tokyo is also home to a dozen billionaires. 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. This California city is home to prominent billionaires like Mark Zuckerberg, Laurene Powell Jobs, Brian Chesky, and Jack Dorsey, with many of these billionaires possessing assets worth over $8 billion USD. 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. Accessed March 04, 2023. https://www.statista.com/statistics/299494/billionaires-top-cities/, Hurun Research Institute. Japans largest city is home to the Tokyo Stock Exchange, which is one of the largest stock exchanges in Asia by market capitalization. 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. These four cities are, Singapore broke into the top 10, replacing Seoul, which was No. San Francisco also relishes in its reputation as the sixth largest economy in the US. In fact, Tokyo plays host to the top money-building organizations and minds anywhere on Earth. Furthermore, Tokyo owns 10% and close to 16% of Japan's officespace and workers, respectively. According to the Greater Houston Project, As retailers work to rebuild their inventories, as factories struggle to resolve supply chain issues, as the global economy continues to grow, so will the demand for Houstons exports, and so will Houston employment,. Home to thousands of millionaires, wealthy Parisian neighborhoods include the 7th Arrondissement, the Boulogne-Billancourt, Saint-Cloud, and Neuilly-sur-Seine. These four cities are home to 228 billionaires. Most such agglomerations are economically, socially and culturally dominated by one city at their centre. You can only download this statistic as a Premium user. Air Cargo News Awards 2020. dnata wins again. Values soared as interest rates on loans went down in a sellers market, which made it tougher to find affordable properties. 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. This year 92 billionaires live in the Big Apple as their primary residence 8 more than a year ago. The wealthy city-state has 31 billionaire residents, up from 22 last year, and replaces Seoul in the top 10. This city's success is due to its industrial and manufacturing activity, made up of a technology-savvy and highly skilled work force. Shibuya Crossing, one of the busiest crosswalks in the world, in Tokyo, Japan Tokyo's wealth is also tied to the Tokyo Stock Exchange (TYO), regarded as one of the largest stock exchanges in the world. Follow Us. Cebu City: $660 million. Shipping isnt the only industry which brings revenue into SEZ, its also the sizable industrial parks, high-tech industries and of course, trade. There are 4,000 cities and towns in India. One dropoff is. The 373-page COA report covered all 81 provinces, 145 out of 146 cities, and 1,447 out of 1,488 municipalities that submitted their 2020 financial statements. By 500 A.D., Constantinople modern-day Istanbul was home to about half a million people (it's now the fourth-largest city on the planet). The cities shown in our visualization are already well-established locations for high-net-worth individuals. Among the top 50 economies having the highest gdp per capita, Macao SAR . Additionally, approximately 18% of Japan's universities are found in Tokyo. [Online]. Before the Ukraine invasion, Moscow was the economic hub of Russia. Five are new billionaires from the finance industry, including private equity wizards Tony Tamer and Steven Klinsky. 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. London is known for its financial and business sectors, and it attracts a significant number of high-earning professionals who contribute to its reputation as a hub of wealth and luxury. If you are an admin, please authenticate by logging in again. 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. In other words, the city produces poor copies of everything from designer fashions to scooters. The Richest Cities are shown below, based on GDP (Gross Domestic Product) data from 2011. Well-known corporations that reside in SEZ are Tencent, Huawei and DJI. New York's richest resident, 476 Washington Avenue, former mayor Michael Bloomberg, has a net worth of $45 billion, making him one .