Foreign corporations such as IBM, Nestle, Hewlett-Packard and more flooded Beijing, causing a rapid economic expansion. 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. Atherton, CA (income: $525,324/ bailout: $3.8 million) - With a median home price of. 1 with $13.9 billion. Profit from the additional features of your individual account. Macao SAR will climb from 17th in 2020 to 9th in 2021. However, Shanghai is one of Asia's most expensive cities to live in, due to its high cost of living, from real estate to daily transportation. This statistic is not included in your account. A big economic draw for San Francisco is its close proximity to Silicon Valley. Newcomers to the billionaire ranks who live in San Francisco include private equity dealmaker. 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. She finds almost all topics she writes about interesting, but her favorite subjects are travel and food. Being a world-class city that attracts prominent figures in the tech industry, San Francisco is one of California's most popular (and richest) cities. The richest city in the world is Tokyo. You can only download this statistic as a Premium user. NYC has held the title of the wealthiest city in the world for many decades now, housing around 59 billionaires and a whopping 345,600 millionaires! The median home value for the lower Tribeca area is around $2.5 million. 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. Photo: @Kim Kardashian West. In Hong Kong, 9,530 ultra wealthy individuals resided, followed by Tokyo with 8,345 lived. 13. 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. In particular, the United States claims five of the cities in the top 10, including the very top spot with New York City. 10. Surprisingly, this is the Big Apples first time atop the ranking. Zurich, Switzerland - 27.34% Millionaires. The LSE is one of the largest stock exchanges in Europe, encompassing assets from over 2,400 companies, with many of these companies using London as their central headquarters. The San Francisco Bay Area boasts 276,400 millionaires. Rankings of Cities and Municipalities are based on the sum of their scores on 4 Pillars: Economic Dynamism, Government Efficiency, Infrastructure, Resiliency, and Innovation.Provincial rankings are based on population and income weighted average of the Overall scores of cities and municipalities under a province. The collective net worth of the citys billionaires is $424 billion, down $45.7 billion from a year ago. After their divorce, MacKenzie received a 4% stake in Amazon, which was worth about $35 billion at the time. U.S. Inflation: How Much Have Prices Increased? 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. Home to about 393,000 millionaires, Seoul's economy is rooted in manufacturing, financial services, and transportation. 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,. In 2019, San Francisco's tourism industry resulted in 86,111 jobs. Among Singapores newcomers are gaming tycoons, , cofounders of the online gaming and e-commerce firm Sea; both industries have. 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. Hong Kong is once again the city with the second most billionaires in the world. Luxury services also play a significant factor in Paris' economy, acting as a hub for famous brands like Mot, Cartier, and Louis Vuitton. This included plans of action to assist with rent, taxes, business subsidies and more. Boston-Cambridge-Newton, Massachusetts. 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. It is through the electric car maker Tesla and in space by rocket produced by SpaceX. Principal industries which were the engine behind Moscows economy are textile, metallurgy, energy, and chemical. China retains its title as the country with the most cities in the top 10, with Shenzhen moving up one spot to No. 15 Richest Cities in India (by GDP) - WorldlistMania We added hundreds of new lists - see our top 101 city lists. Other industries which thrive here are those in high-tech, scientific R&D, professional services such as legal, insurance, finance and public administration. You only have access to basic statistics. 1. The current state of the Moscow economy isnt as bright as it was earlier in the year due to sanctions. 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. Otherwise, Los Angeles enjoys wealth from other industries related to biosciences, trade, information, transportation, and aerospace. 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. 30 in the index, a. 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. 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. Which cities and regions have the biggest concentrations of millionaires around the world, each with a net worth greater than $1 million (USD)? If you are an admin, please authenticate by logging in again. Get full access to all features within our Business Solutions. As of March 2023, MacKenzie Scott's net worth is estimated to be $33.3billion. New Delhi- GDP $293.6 Billion. Learn how your comment data is processed. London City | Photo: Reuters 7. Currently, 43 Fortune 500 companies that call New York City home include: Verizon, JP Morgan, Pfizer, Citigroup, MetLife, Goldman Sachs, Morgan Stanley, and more. Follow Us. 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, . For instance, Osaka is home to major electronics corporations like Sharp and Panasonic as well as pharmaceutical companies, food, retail and trading companies. A massive powerhouse in Seoul is Samsung. The 30 Richest People in the World - Wealthy Gorilla Ranked: 100 best cities in the world 2023 | Atlas & Boots The PPP is a way to meaure prices in different countries (and ultimate convert between currencies), based on the equal amount of goods and services that can be bought. Before the Ukraine invasion, Moscow was the economic hub of Russia. Beijing also has a sizeable billionaire population of 100 people, compared to any other international city. 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. Kolkata- GDP $150.1 Billion. Visakhapatnam - Industrial Port Of India. The city-state of Singapore is the wealthiest country in Asia, with a per-capita GDP of . Even though the city was riddled with the effects of the pandemic, Job growth occurred with another 5,700 jobs added. 6 and No. Kolkata is the financial, commercial and industrial hub of the North East region. By examining a cities GDP, we can get a good idea of its industries and how they contribute to the overall economic growth. The wealthy city-state has 31 billionaire residents, up from 22 last year, and replaces Seoul in the top 10. In fact, such diversity plays well in times of economic hardship, which includes the recent downturn caused by the pandemic. And for the sixth year in a row, more billionaires call New York City home than any other city in the world. Due to heavy investment into research and development, high-tech companies in Shenzen have consistent government support. 50 Largest Cities in the World - 24/7 Wall St. Chinese energy giants State Grid, China National Petroleum, and Sinopec rounded out the top five. 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Home to thousands of millionaires, wealthy Parisian neighborhoods include the 7th Arrondissement, the Boulogne-Billancourt, Saint-Cloud, and Neuilly-sur-Seine. In some U.S. cities, however, more than half of all households earn $70,000-plus. Adding to the diversity are biotech companies and information technologies. On a related note, there is a sizeable population of secondary homeowners in London. Currently, you are using a shared account. 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. 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. Interactive map Once considered a major shipping hub to the world, that distinction has been replaced by the service industries, such as financial services. Top 10 Richest Cities In The World 2023 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. Are you interested in testing our business solutions? 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. Singapore broke into the top 10, replacing Seoul, which was No. Top 10 richest cities in the world, according to Wealth-X - CNBC Founded in 1630, Boston is one of our countries oldest cities. Dallas Number of individuals with a net worth of $5 million or more: 36,515 Percentage of global population: 1.2% 9. 25 Richest Cities in Europe - WorldlistMania Click on the headers to reorganize columns. In the latest edition of the ranking, North America has a strong showing with seven of the wealthiest cities, by number of millionaires. Ever since, San Francisco has remained a strong financial stronghold for the state of California. Property prices, 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, 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. Companies that have offices in Boston include BNY Mellon, Goldman Sachs and Microsoft. Lower down the list So, which cities are lower ranked than in previous years? The city contributes about 30% of goods sold in Russia. Our ranking shows the 50 wealthiest countries, measured by gross domestic product per capita and adjusted by the purchasing in the respective country. Unlike so many other cities bending under the weight of a post-pandemic world, Houstons economy hs gotten stronger. As such when it comes to the richest cities in the world, New York City comes in at number 2.
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