Japans largest city is home to the Tokyo Stock Exchange, which is one of the largest stock exchanges in Asia by market capitalization. Mumbai - City Of Dreams. Dublin is the wealthiest city, with a per capita income of $115,094. Dallas Number of individuals with a net worth of $5 million or more: 36,515 Percentage of global population: 1.2% 9. Beijing also has a sizeable billionaire population of 100 people, compared to any other international city. Major sectors there include: real estate and fund management. Additionally, factors such as taxes, transportation costs, and availability of goods and services can also contribute to the overall cost of living in global cities. These include three Indian cities, Tashkent in Uzbekistan, Almaty in Kazakhstan, Pakistans most populous city of Karachi, and Sri Lankan capitalColombo. Newcomers to the billionaire ranks who live in San Francisco include private equity dealmaker. Moreover, a portion of Beijing's rapid economic growth is the product of international investments, registering over 45,000 foreign-invested businesses in 2020. , 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. Cities may be defined as the cities proper, the extent of their urban area, or their metropolitan regions. India is the world's second-most populous country, with several large cities and densely inhabited areas. Compared to many other states, Kentucky has low, Read More The 20 Safest Places to Live in KentuckyContinue, The price of land jumped dramatically from 2020 to the present. These initiatives include the Small Business Improvement Fund, the Chicago Recovery Grant, Special Service Area Program, Tax Increment Financing and more. Los Angeles is not California's only wealthy city! Zurich, Switzerland - 27.34% Millionaires. Kicking off the list is the charming Italian city of Florence - which is kind of surprising. Dallas is known to attract innovation, and one look at some of the top companies in Dallas proves it: AT & T, Texas Instruments, Pinnacle Group, Solera and Capital Networks, among others. Chicago, which serves as the home base for 35 Fortune 500 companies, is home to 160,100 millionaires, 340 centimillionaires and 28 . Boasting a financially fruitful economy, the Big Apple is known for its abundantly wealthy population, with a the collective wealth of over $3 trillion USD. Quezon City: $1.69 billion. Tourism is another major contributor to the economy of Philadelphia. Furthermore, being a world-class city, Seoul's cost of living is high compared to other cities in Asia, especially in regards to its real estate prices. 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. Km. 11. Hong Kong remains No. For example, Moscow's rich neighborhoods like Rublyovka contain private houses that can cost up to $60 to $80 million! 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. In 2019, the Northern California city attracted 26.2 million visitors who spent around $10.3 billion USD in the city. However, today it has moved on to other, more profitable economic interests such as finances, high tech and insurance, to name a few. Paris, which has topped the ECA list in the past, dropped out of the top 30. Other industries which influence the economy of Boston include the biotech industry, tourism, finance services and several Fortune 500 companies. Loudoun County is located in the Commonwealth Virginia, with a population of 375,000 people. Home to about 393,000 millionaires, Seoul's economy is rooted in manufacturing, financial services, and transportation. 1. This is a list of cities in the world by gross domestic product (GDP).The United Nations uses three definitions for what constitutes a city, as not all cities may be classified using the same criteria. Ahmedabad - Textile Hub Of India. Pasay City: $350 million. 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. By 900,. Other profitable sectors include information technology, medical technology, retail, financial and legal sectors. Billionaire refers to U.S. dollar billionaire. Los Angeles is a city that takes great strides to encourage economic growth. In detail, 144 billionaires resided in the capital of China. Paris is also home to several Fortune Global 500 companies such as, BNP Paribas, Peugeot, CNP Assurances, SNCF, Vivendi and more. This statistic is not included in your account. Most affluent women worldwide 2022, by net worth, Worldwide wealth distribution by net worth of individuals 2021, Countries with the highest wealth per adult 2021. However, its also a city steeped in industry. New York is the wealthiest city in the worldhome to 345,600 millionaires with a total private wealth that exceeds $3 trillion. As such when it comes to the richest cities in the world, New York City comes in at number 2. Beijing, China: $591.374 Billion Beijing is the capital of China and has a population of over 20 million. As of 2020, there is an estimated $3 trillion worth of assets and capital in the city. Industries that contribute to New York Citys economy are health care, tourism, real estate, tech, publishing, fashion, media and insurance, among others. 13. Furthermore, Tokyo owns 10% and close to 16% of Japan's officespace and workers, respectively. Being a prominent city in Asia, Shanghai is home to over 24 million people, there are about6,180 multi-millionaires and 42 billionaires living in Shanghai. As a Premium user you get access to the detailed source references and background information about this statistic. Among the top 50 economies having the highest gdp per capita, Macao SAR . If youre looking, Read More The 20 Cheapest Places to Buy Land in the U.S. 2022Continue. There is a distinction between wealth held by identifiable individual billionaires or a "nuclear family" and the wider notion of an extended family or a historical "dynasty," where the wealth of a . The largest economy in states, New York Citys prosperity is rooted in Wall Street. Refer to sources for more information. Leading cities with the most billionaires in 2022 [Graph]. [3] List [ edit] Zhongguancun is considered the Silicon Valley of China and is deeply rooted in the electronics and high-tech industries such as Microsoft, Sony and Google. In 2019, San Francisco's tourism industry resulted in 86,111 jobs. San Francisco also relishes in its reputation as the sixth largest economy in the US. London: 63 Billionaires Since Last Year: +7 Total Net Worth: $316.1 Billion Richest Resident: Len Blavatnik, $32 Billion For the fourth straight year, Atherton topped Bloomberg's Richest Places annual index. Being the largest city of the country, Mumbai is extensively . In 2022, the combined wealth of India's 100 richest increased by $25 billion to touch $800 billion. You need a Statista Account for unlimited access. This list is incomplete, as not all companies disclose their information to the general public. Companies that have offices in Boston include BNY Mellon, Goldman Sachs and Microsoft. 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. Industries that have found success in the city include food processing, manufacturing, publishing, insurance and tourism. 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. Sy Siblings Still at Top. As such, you can see how anything affecting these shipping ports will have a negative impact on world wide supply chain logistics. Newcomers to the billionaire ranks who live in San Francisco include private equity dealmaker Orlando Bravo and cloud communications entrepreneur Vlad Shmunis. This large metropolitan area has a history of being the hub of Germanys heavy industry sector. from people staying indoors and spending more time online. Florence, Italy - 2.59% Millionaires. But the Nations Valentine has so much more to offer. About 300 cities have population over 1,00,000. This may not be surprising, considering the U.S. is the world's largest wealth marketit holds over 29% of the world's wealth. Fortune Global 500 companies in Tokyo include: Honda Motors, Hitachi, Sony, Mitsubishi and more. Fortune 500 companies include Discovery Communications, Fannie Mae, Walmart and CACI International 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. - 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. Moscow is the only other city among the top 10, besides Shenzhen, where every single billionaire is self-made (as opposed to inheriting a fortune); many have close ties to Russian President Vladimir Putin. Besides thriving on industries related to finance, tourism, and media, London's wealth is also linked to the London Stock Exchange (LSE). Please create an employee account to be able to mark statistics as favorites. This international city is also attractive to domestic and foreign investors alike. StartupTalky has compiled an exhaustive list of the top richest people in India for the year 2022. Visualizing the Global Share of U.S. Stock Markets. 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,. With an estimated GDP of $310 billion, Mumbai ranks number one in the list of the richest cities in India. Air Cargo News Awards 2020. dnata wins again. 1 with $13.9 billion. Moreover, much of London's wealth is concentrated in neighborhoods like Westminster, Kensington, Islington, and Chelsea. This infographic uses information from the Henley Global Citizens Report, in partnership with New World Wealth, to rank the worlds wealthiest cities. Tripoli and Tehran, the capitals of Libya and Iran, respectively, follow next on this list, reflecting their weakened economies. Once a leader in the manufacturing industry, that industry has been bowing to more modern industries like high tech, financial services and electronics. Being China's largest city, Shanghai also houses on of the world's largest ports, due to its proximity to the Yangtze River Delta. A paid subscription is required for full access. The 10 Best Places to Live in Mexico for Americans, The 20 Cheapest Places to Buy Land in the U.S. 2022, 20 Cities with The Worst Weather in Europe, How Zac Stacy Achieved a Net Worth of $6 Million. I cover the world's richest people and how they made their billions. March 17, 2022. Kolkata is the financial, commercial and industrial hub of the North East region. On a related note, there is a sizeable population of secondary homeowners in London. San Francisco also has the highest median household income in the country. 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 Private Industry Council works to promote the local economy via job training programs. 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. 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. 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. 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. It goes without saying that due to its history tourism is a huge draw when it comes to obtaining revenue. Among Singapores newcomers are gaming tycoons, , cofounders of the online gaming and e-commerce firm Sea; both industries have. Reportedly, the top 20% earners in the city have an average salary of over $280,000 USD, with the top 5% earning over $530,000 USD. At its peak, General Motors enjoyed a 50% market share in the United States. In fact, such diversity plays well in times of economic hardship, which includes the recent downturn caused by the pandemic. Beyonc, Jay Z and Taylor Swift are just a few of the celebrities who own property in Tribeca.
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