The United Nations uses three definitions for what constitutes a city, as not all cities may be classified using the same criteria. The top 10. This may not be surprising, considering the U.S. is the world's largest wealth marketit holds over 29% of the world's wealth. The Big Smoke is no stranger to economic prosperity. 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. The Top 15 Cities in Asia in 2020. Of the top 50, the city with the biggest jump in the rankings was Austin, Texas, which moved up 18 spots from 2017 to claim No. Beijing also has a sizeable billionaire population of 100 people, compared to any other international city. London has been the worlds wealthiest city for years, but over the past decade there has been an outflow of millionaires. Furthermore, Los Angeles' wealth is also tied to its appeal to immigrants and innovative companies involved in information and technology. He worked to revolutionize transportation on earth. 1. Five are new billionaires from the finance industry, including private equity wizards, . New Delhi- GDP $293.6 Billion. As of 2020, there is an estimated $3 trillion worth of assets and capital in the city. , a member of the citys Raheja real estate clan, who was worth an estimated $2.3 billion last year. As such when it comes to the richest cities in the world, New York City comes in at number 2. Tokyo, Japan- GDP: $1,520 billion. Meanwhile, Barcelona dropped to No. 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. Currently, 43 Fortune 500 companies that call New York City home include: Verizon, JP Morgan, Pfizer, Citigroup, MetLife, Goldman Sachs, Morgan Stanley, and more. Since 1949, Beijing was considered one of China's most industrial cities. 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. Seven cities have population more than 3 million. Additionally, the world's major companies are headquartered in Seoul, which include Samsung, Hyundai, LG, and Kookmin Bank. Indian richest cities 2021. Leading cities with the most billionaires in 2022 [Graph]. Its known as the mecca of tech innovation, and as a result, the region has a high concentration of wealthy individuals. Lets take a closer look at some of the top-ranking cities making the list. 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. We added hundreds of new lists - see our top 101 city lists. 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. 3. 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. 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. 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. L.A. is also abuzz with development projects, such as refurbishing businesses like Manns Chinese Theater, as well as infrastructure projects. 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, . London: 63 Billionaires Since Last Year: +7 Total Net Worth: $316.1 Billion Richest Resident: Len Blavatnik, $32 Billion Mumbai gained one billionaire resident since 2019, losing five billionaires but adding six newcomers. The city of rich historical, cultural, political and social significance, New Delhi, ranks second on this list with a GDP of $293.6 billion. "Leading cities with the most billionaires in 2022." A little known fact is that L.A. is the manufacturing center of the country. If you are an admin, please authenticate by logging in again. Finally, Oceania has two cities on the list, both located in Australia. But what are the fastest growing cities for the rich? How does a city become one of the wealthiest in the world? 2. To use individual functions (e.g., mark statistics as favourites, set Once considered a major shipping hub to the world, that distinction has been replaced by the service industries, such as financial services. Till 2030, Tokyo city will project to be the top-most populated city on earth. At 89 years old, Warren Buffett is the oldest richest person by 5 years. Fortune Global 500 companies housed in Moscow include Gazprom, Rosneft Oil and Sistema among others. 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. Swift reportedly owns about $40 million worth of property in the area. Although she spends most of her time writing, she also enjoys spending time with her husband and four children, watching films, cooking, dining out, reading, motorsports, gaming, and walking along the beach next to her house with her dog. Beijing, China: $591.374 Billion Beijing is the capital of China and has a population of over 20 million. Shipping isnt the only industry which brings revenue into SEZ, its also the sizable industrial parks, high-tech industries and of course, trade. Today, with 272,400 millionaires, the city holds a more humble position. New York, U.S . Before the Ukraine invasion, Moscow was the economic hub of Russia. 24/7 Wall Street reviewed income levels in 382 metropolitan . Japans largest city is home to the Tokyo Stock Exchange, which is one of the largest stock exchanges in Asia by market capitalization. You need a Statista Account for unlimited access. The headquarters of several cities are also found in Tokyo, which include Honda, Sony, Hitachi, and Mitsubishi. 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. Some of them have topped the rankings for decades, while some others are less well-known. 7 and Shanghai and Beijing staying flat at No. Refer to sources for more information. The Rhine-Ruhr metropolitan area is the economic power house of Germany. 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. Liz loves the process of researching information, learning new things, and putting into words what others who share her interests might like to read. Does your team make it in the top fifty richest soccer clubs in 2022? City employment is driven by AT & T, Walgreens, Abbott Labs, the CTA, Walmart and Allstate Insurance, among others. Many cities in India are densely inhabited, trade between them has improved, and transportation systems have been modernized. Tokyo may not be as wealthy as New York, but this megacity remains one of the richest cities in Asia. 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. Retail Investors Most Popular Stocks of 2023 So Far, Consumer Price Inflation, by Type of Good or Service (2000-2022), Mapped: Unemployment Forecasts, by Country in 2023, Decoding Googles AI Ambitions (and Anxiety), Ranked: Americas 20 Biggest Tech Layoffs Since 2020, Infographic: Generative AI Explained by AI, Infographic: 11 Tech Trends to Watch in 2023, Ranked: The Top 50 Most Visited Websites in the World, Visualized: The Most (and Least) Expensive Cities to Live In, Visualizing $65 Trillion in Hidden Dollar Debt, Visualizing the Relationship Between Cancer and Lifespan, Visualizing How COVID-19 Antiviral Pills and Vaccines Work at the Cellular Level, Mapped: The Most Common Illicit Drugs in the World. In 2019, the Northern California city attracted 26.2 million visitors who spent around $10.3 billion USD in the city. (Video) TOP 10 RICHEST CITIES In The World 2021 (Uncover) Which is the richest city in the world 2022? The TYO encompasses over 3,700 listed companies and a market value estimated at JPY 600 trillion (or approximately $42 billion USD). 2 on the list, but the city recorded a net loss of eight billionaire residents. London is ranked second with $2.7 billion in private wealth. Moscow. Visakhapatnam - Industrial Port Of India. The infographic above uses data from EIU to rank the world most and least expensive cities to live in. In detail, 144 billionaires resided in the capital of China. 4. 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. The top 10 richest cities in the Philippines. statistic alerts) please log in with your personal account. Moreover, a portion of Beijing's rapid economic growth is the product of international investments, registering over 45,000 foreign-invested businesses in 2020. Principal industries which were the engine behind Moscows economy are textile, metallurgy, energy, and chemical. Beijing also has the dubious distinction of being the knock-off capital of the world. 9 last year. Top 10 Poorest Countries In The World 1. Hong Kong remains No. Looking to the future, companies and high-net-worth individuals will inevitably move where they are treated best. Besides thriving on industries related to finance, tourism, and media, London's wealth is also linked to the London Stock Exchange (LSE). 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. Caloocan City: $360 million. By 2025, the city's GDP would have [] Gautam Shantilal Adani. Those include, , who heads Indias largest paint company, Asian Paints, and the, , who control adhesives and sealants maker Pidilite Industries. 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. This international city has over 192,000 resident millionaires with 34 billionaires. Source: Forbes Music: Beethoven 5th Symphony San Francisco also has the highest median household income in the country. 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, . Major metropolitan areas contributing at least 2.5% of world GDP. Washington, D.C.. Delhi City. The 150 richest cities in the world by GDP in 2020 11 March 2007: The tables provide GDP figures for cities and their surrounding urban areas in 2020. These include three Indian cities, Tashkent in Uzbekistan, Almaty in Kazakhstan, Pakistans most populous city of Karachi, and Sri Lankan capitalColombo. Currently, you are using a shared account. 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. 6 and No. Chicago, which serves as the home base for 35 Fortune 500 companies, is home to 160,100 millionaires, 340 centimillionaires and 28 . Its no surprise that its capital city of Damascus has maintained its position as the worlds cheapest city. 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. , who is also the richest person in the nation. Los Angeles is a city that takes great strides to encourage economic growth. Other notable NYC billionaire residents include hip-hop superstar, , the widow of former Koch Industries magnate. (((61/33)^(1/15))^10)*33 and (((33/21)^(1/15))^10)*21. "The Sy siblings took the biggest hit in dollar terms but remain at No. In fact, Delhi's population can beat Tokyo by 2028. The metropolitan area of Rhine-Ruhr is divided into 3 regions, and each region contributes to the GDP of the entire Rhine-Ruhr metropolitan area. . + - Leaflet | Tiles OpenMapTiles | Data OpenStreetMap contributors Income distibution for all U.S. cities This city's success is due to its industrial and manufacturing activity, made up of a technology-savvy and highly skilled work force. When is it OK to Buy a House Site Unseen as an Investor? At 35 years old, Mark Zuckerberg is the youngest richest person by more than a decade. Five are new billionaires from the finance industry, including private equity wizards Tony Tamer and Steven Klinsky. Home to both invention and innovation, animes, mangas and of course, robots, Tokyo is known as the financial center of the world. It goes without saying that due to its history tourism is a huge draw when it comes to obtaining revenue. Photo: @Kim Kardashian West. New York City notched the top spot for the sixth year running, growing its count of billionaire city dwellers by eight compared to 2019. In terms of asset management, FinTech, and ESG investment, Tokyos continued growth as the worlds most foremost economies appears secured. In addition, Singapores political stability, low crime rate, and high standard of living have also contributed to its appeal as a place to live and work. Boston-Cambridge-Newton, Massachusetts. What is the Cost of Living in New Hampshire? In fact, London is one of the chief financial centers of the world. Moreover, much of London's wealth is concentrated in neighborhoods like Westminster, Kensington, Islington, and Chelsea. Luxury services also play a significant factor in Paris' economy, acting as a hub for famous brands like Mot, Cartier, and Louis Vuitton. In 2022, cities with strong oil and gas industries like Riyadh, Sharjah, Dubai, Luanda, Abu Dhabi, Doha, and Lagos grew exceptionally. Despite being significantly smaller than Los Angeles, San Francisco houses more millionaires than its southern California counterpart. the country's economy as a whole is one of the fastest growing in the world. San Francisco has a rich economic history,,one that includes the wealth generated by the California Gold Rush. I cover the world's richest people and how they made their billions. For the first time, revenues from Global 500 companies in Greater China (including Taiwan). 10. If youre looking, Read More The 20 Cheapest Places to Buy Land in the U.S. 2022Continue. Los Angeles is not California's only wealthy city! 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. Dubai ranks at #6 on the PlanetWare guide, ahead of Singapore, Rome, Istanbul, and Tokyo. Shanghai. However, this megacity is most famous for its thriving entertainment industry, which pumps billions of dollars into the city's (and country's) economy. Let me take you through the updated list of the World's richest cities as of 2022. Alongside its growing wealth, San Francisco is also one of the fastest growing cities in the country. Its no surprise to anyone that a good chunk of the Paris economy is the tourist trade. 10. Out of the 2,095 members of the 2020 Forbes Worlds Billionaires list, 552 live in just ten cities. Use Ask Statista Research Service. March 17, 2022. A good part of their revenue comes from their port, which is the largest container port in the world. These initiatives include the Small Business Improvement Fund, the Chicago Recovery Grant, Special Service Area Program, Tax Increment Financing and more.