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. New York is the wealthiest city in the worldhome to 345,600 millionaires with a total private wealth that exceeds $3 trillion. One of the largest cities in the world with the GDP of about 1,520 billion dollars, Tokyo is the wealthiest city in the world in terms of GDP ranking. Rounding out the top three cities is Tokyo, with $2.5 trillion in private wealth. Its wealthiest resident, , chairman and CEO of Internet media behemoth Tencent Holdings, is the, . Other profitable sectors include information technology, medical technology, retail, financial and legal sectors. Cities may be defined as the cities proper, the extent of their urban area, or their metropolitan regions. 2. 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. The USA is the only country with a large surface area and population among the highest-ranking nations, ranking eleventh. But if this inflation is compounded with a strong national currency, you may live in one of the worlds most expensive cities. New Delhi- GDP $293.6 Billion. 4, respectively. 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. 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. New York City is also considered the country's leader in finance due to its storied past. Zurich, Switzerland - 27.34% Millionaires. According to Jennifer Reynolds, Pre4sident and CEO of Toronto Finance International, Torontos success is due in large part to the strength and significant growth of its financial industry. Lower down the list So, which cities are lower ranked than in previous years? The TYO encompasses over 3,700 listed companies and a market value estimated at JPY 600 trillion (or approximately $42 billion USD). , who is also the richest person in the nation. Furthermore, 121. Moreover, a portion of Beijing's rapid economic growth is the product of international investments, registering over 45,000 foreign-invested businesses in 2020. 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. However, invading a sovereign nation had its consequences, and Russias entire economy is in a state of disrepair. . Shanghai. The top 10 richest cities in the Philippines. 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. Swift reportedly owns about $40 million worth of property in the area. It leverages a comprehensive data set that tracks the movements and spending habits of high-net-worth individuals in over 150 cities around the world. Singapore is home to 249,800 millionaires making it the second richest city in Asia after Tokyo. Seoul is a gorgeous city and the economic hub of South Korea. Boston-Cambridge-Newton, Massachusetts. 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 median home value for the lower Tribeca area is around $2.5 million. 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. 1. Taguig City: $480 million. 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. Rising development costs and foreign competition had already felled the fortunes of South Koreas pharmaceuticals sector, before coronavirus concerns hit the countrys economy in late February in total, thirteen Seoul-based billionaires dropped off the list. Its no surprise that its capital city of Damascus has maintained its position as the worlds cheapest city. Additionally, approximately 18% of Japan's universities are found in Tokyo. 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. For over 50 years, Tokyo has occupied the top spot, and shows no sign of slowing down. Founded in 1630, Boston is one of our countries oldest cities. Though affordability sounds good at face value, sitting at the bottom of the ranking isnt necessarily a coveted position. Hong Kong remains No. If youre looking, Read More The 20 Cheapest Places to Buy Land in the U.S. 2022Continue. While Shenzhens export-led manufacturers have struggled from the effects of the trade war with the U.S., the citys billionaires added $29.7 billion to their collective net worth since 2019. Macao SAR will climb from 17th in 2020 to 9th in 2021. Newcomers to the billionaire ranks who live in San Francisco include private equity dealmaker. Tokyo is the economic hub of Japan and is one of the most important cities in the world for business and finance. You need at least a Starter Account to use this feature. Another industry that rains gobs of revenue on the City of London is the tourism industry with over 20 million visitors per year. Statista. Organisation for Economic Co-operation and Development, List of most expensive cities for expatriate employees, List of country subdivisions by GDP over 200 billion US dollars, "Gross Domestic Product: Implicit Price Deflator", "Standard country or area codes for statistical use (M49): Geographic Regions", "Global Wealth GDP Nominal Distribution: Who Are The Leaders Of The Global Economy? Here are the Top 10 Richest Places in America and how they split their Heroes Act bailout allocation: #1. Please do not hesitate to contact me. If that is the case, knowing its cost of living is vital. In fact, according to this chart, you can see that manufacturing takes the lead with 16.6 percent followed by retail at 16.6 percent and real estate at 11.4 percent. Tokyo is also a major center for banking and insurance, and is home to many multinational companies like Honda and Sony. Top 10 Richest Asian Countries (2020 GDP, Int$ PPP - World Bank) China - $24.27 trillion; . 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. Sweeping sunsets, desert landscape, and breathtaking canyonsthese are the things that most everyone think of when someone says Arizona. 30 in the index, a. In the list of Forbes' Philippines' 50 Richest 2020, the Sy siblings remain at the number one spot of Philippines' Rich List for this year with a net worth of $13.9 Billion despite losing $3.3 Billion due to the pandemic. The Periodic Table of Commodity Returns (2013-2022), Visualizing 25 Years of Lithium Production, by Country, Ranked: The Worlds Largest Copper Producers, All the Metals We Mined in 2021: Visualized, Chart: Automakers Adoption of Fuel-Saving Technologies, Explainer: What to Know About the Ohio Train Derailment, A Visual Crash Course on Geothermal Energy. The headquarters of several cities are also found in Tokyo, which include Honda, Sony, Hitachi, and Mitsubishi. In pre-Covid times, Chicago clocked round 55 million tourists in 2017. Number of individuals with a net worth of $5 million or more: 49,005 Percentage of global population: 1.7% Paris is the capital and most populous city of France, with an estimated population of 2,150,271 residents as of 2020, in an area of 105 square kilometers (41 square miles). 1. The city employs 36,000 people and is home to some 75, 00 people. The top 10 richest families in 2022 by estimated wealth are: The Walton family with $224.5 billion The Mars family with $160 billion The Koch family with $128.8 billion The Al Saud family with. Source: Forbes Music: Beethoven 5th Symphony Washington, D.C.. Once a top contender in manufacturing, today manufacturing revenue covers only around 10 percent of the economy. Our ranking shows the 50 wealthiest countries, measured by gross domestic product per capita and adjusted by the purchasing in the respective country. Home to about 393,000 millionaires, Seoul's economy is rooted in manufacturing, financial services, and transportation. Major sectors there include: real estate and fund management. 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. 1 with $13.9 billion. Indian richest cities 2021. Despite being significantly smaller than Los Angeles, San Francisco houses more millionaires than its southern California counterpart. With about 2,320 multi-millionaires calling Paris home, the backbone of this European city relies on hospitality, commerce, transportation, and other services. Frankfurt in Germany is the second richest city after Dublin with an income of $102,941 per capita. Other notable NYC billionaire residents include hip-hop superstar, , the widow of former Koch Industries magnate. 1. 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. One dropoff is. Being China's largest city, Shanghai also houses on of the world's largest ports, due to its proximity to the Yangtze River Delta. It is home to 304,900 resident millionaires, making it the city with the second most millionaires in the world. 6 and No. L.A. is also abuzz with development projects, such as refurbishing businesses like Manns Chinese Theater, as well as infrastructure projects. Loudoun County is located in the Commonwealth Virginia, with a population of 375,000 people. Newcomers from other sectors also joined the ranks, including AI pioneer, Hong Kong remains No. Five are new billionaires from the finance industry, including private equity wizards, . The city-state of Singapore is the wealthiest country in Asia, with a per-capita GDP of .

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