top 50 richest cities in the world 2020 top 50 richest cities in the world 2020

The collective net worth of the citys billionaires is $424 billion, down $45.7 billion from a year ago. 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. - 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. This infographic uses information from the Henley Global Citizens Report, in partnership with New World Wealth, to rank the worlds wealthiest cities. One dropoff is. Historically speaking, Osaka has always been thought of as a major economic center of Japan. Most such agglomerations are economically, socially and culturally dominated by one city at their centre. 27. 2 on the list, but the city recorded a net loss of eight billionaire residents. Barcelona, Spain Rome, Italy Madrid, Spain Singapore, Singapore Amsterdam, Netherlands Prague, Czech Los Angeles, USA Chicago, USA San Francisco, USA Berlin, Germany Hong Kong, China Washington, USA Beijing, China Dublin, Ireland Istanbul, Trkiye Las Vegas, USA Milan, Italy Budapest, Hungary Toronto, Canada Sydney, Australia Seoul, South Korea Visakhapatnam - Industrial Port Of India. He worked to revolutionize transportation on earth. Here are the 10 cities in the world with the most billionaires: New York City notched the top spot for the sixth year running, growing its count of billionaire city dwellers by eight compared to 2019. It goes without saying that due to its history tourism is a huge draw when it comes to obtaining revenue. Moscow is also home to a population of "nouveau riche" Muscovites and prominent neighborhoods, with properties that can cost millions of dollars. This site uses Akismet to reduce spam. Learn more about how Statista can support your business. China retains its title as the country with the most cities in the top 10, with Shenzhen moving up one spot to No. Accessed March 04, 2023. https://www.statista.com/statistics/299494/billionaires-top-cities/, Hurun Research Institute. New York is home to many Fortune 500 companies and is the financial heart of the United States, with the New York Stock Exchange and NASDAQ located in the Big Apple. In fact, Tokyo plays host to the top money-building organizations and minds anywhere on Earth. Consumption of Fuel and Materials per Capita, Visualizing Chinas Dominance in Battery Manufacturing (2022-2027P), Mapped: The Population of Indias States Compared with Countries. Billionaire refers to U.S. dollar billionaire. We added hundreds of new lists - see our top 101 city lists. After all, its Philadelphias rich history that fuels the tourist trade that brings over 2 million visitors from both the U.S. and foreign countries every year. 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. Chicago, which serves as the home base for 35 Fortune 500 companies, is home to 160,100 millionaires, 340 centimillionaires and 28 . With the onset of free-market reforms in the 1990s, Beijing saw its economic development soar. Tokyo is the economic hub of Japan and is one of the most important cities in the world for business and finance. Montgomery Street is considered the Wests Wall Street and is located in San Francisco. After their divorce, MacKenzie received a 4% stake in Amazon, which was worth about $35 billion at the time. 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. 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. For over 50 years, Tokyo has occupied the top spot, and shows no sign of slowing down. 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. Today, Boston is a center of learning with many stellar educational institutions like MIT and Harvard, which contribute greatly to Bostons economy. London is ranked second with $2.7 billion in private wealth. Ever since, San Francisco has remained a strong financial stronghold for the state of California. The Rhine-Ruhr metropolitan area is the economic power house of Germany. This video will compare the top 50 richest people in the world by net worth in 2020. However, invading a sovereign nation had its consequences, and Russias entire economy is in a state of disrepair. This is a list of cities in the world by gross domestic product (GDP). 4, respectively. In 2019, the Northern California city attracted 26.2 million visitors who spent around $10.3 billion USD in the city. 13. As soon as this statistic is updated, you will immediately be notified via e-mail. In an attempt to rank the cities of the world according to wealth, we will use the Purchasing Power Parity (PPP) as a means of comparison. 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! Dublin is the wealthiest city, with a per capita income of $115,094. The median home value for the lower Tribeca area is around $2.5 million. 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. Being one of Asia's most wealthy countries, South Korea is home to the capital Seoul, which witnessed an 11% increase in its millionaire population between 2019 and 2020, despite facing a global pandemic. Japans largest city is home to the Tokyo Stock Exchange, which is one of the largest stock exchanges in Asia by market capitalization. Meanwhile, Barcelona dropped to No. A paid subscription is required for full access. In Hong Kong, 9,530 ultra wealthy individuals resided, followed by Tokyo with 8,345 lived. Travel + Leisure. Major financial powerhouses in London include Canary Wharf, HSBC and Barclays. Surprisingly, this is the Big Apples first time atop the ranking. It has a diverse stable economy ranging from Gas Extraction and Manufacturing, Companies and Enterprise, and Retail Trade. Currently, you are using a shared account. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 600+ segments in 150+ countries, Insights on consumer attitudes and behavior worldwide, Business information on 60m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. Though affordability sounds good at face value, sitting at the bottom of the ranking isnt necessarily a coveted position. Basically, the metropolitan areas of Maastricht. Foreign corporations such as IBM, Nestle, Hewlett-Packard and more flooded Beijing, causing a rapid economic expansion. Penthouses in the 30 Park Place complex are currently listed for 10 times as much. 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. 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). San Francisco also relishes in its reputation as the sixth largest economy in the US. Palo Alto - $147,537 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. Otherwise, Los Angeles enjoys wealth from other industries related to biosciences, trade, information, transportation, and aerospace. At 89 years old, Warren Buffett is the oldest richest person by 5 years. Much like Shanghai, Beijing enjoys a reputation as one of the Asia's (and the world's) wealthiest cities. Loudoun County is the richest county in the USA, with an estimated average household income of $ 117,876. Richest Cities in the World. 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. Additionally, the citys real estate market is known for being expensive, with sky-high property values and rents. Regarded as China's financial hub, this bustling city is home to the Shanghai Stock Exchange, one of the largest stock exchanges in the world. Moreover, much of London's wealth is concentrated in neighborhoods like Westminster, Kensington, Islington, and Chelsea. 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. UAE in Top 20. Which cities and regions have the biggest concentrations of millionaires around the world, each with a net worth greater than $1 million (USD)? 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. 1. Pasig City: $710 million. Moscow. Other companies crucial to Seouls economic health include: Kia, Daewoo and Hyundai. Another industry that rains gobs of revenue on the City of London is the tourism industry with over 20 million visitors per year. Dallas plays host to a variety of industries, and its these industries which are responsible for the economic growth of the Dallas metropolitan area. What is the Cost of Living in New Hampshire? According to the Hurun Global Rich List 2022, the leading city with the most billionaires in 2022 was Beijing. Show publisher information The country is entirely landlocked and is surrounded by Rwanda, Tanzania, and the Democratic Republic of Congo. The Fortune 500 companies hosted by Boston include: State Street, Liberty Mutual Insurance, Gillette and General Electric. In fact, such diversity plays well in times of economic hardship, which includes the recent downturn caused by the pandemic. He is worth $1 billion, becoming the richest actor in the world. Adding to the diversity are biotech companies and information technologies. 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. Alongside its growing wealth, San Francisco is also one of the fastest growing cities in the country. Five are new billionaires from the finance industry, including private equity wizards Tony Tamer and Steven Klinsky. Liz loves the process of researching information, learning new things, and putting into words what others who share her interests might like to read. New York, U.S . 30 in the index, a. According to various estimates, the Japanese capital is home to 13.1 to 13.7 million people. 7 and Shanghai and Beijing staying flat at No. The Shenzhen Special Economic Zone was created in May of 1980 and is based on Irelands Shannon Free Zone. Use Ask Statista Research Service. 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. The company currently focuses on its four core brands: Cadillac, Chevrolet, GMC and Buick. Other notable NYC billionaire residents include hip-hop superstar Jay-Z and Julia Koch, the widow of former Koch Industries magnate David Koch. These industries include manufacturing, energy, information tech, finances, telecommunications, education, and telecommunications. Trip Ideas; Gautam Shantilal Adani. 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. The richest cities in the world are determined by their gross domestic product, or GDP. Click on the headers to reorganize columns. Its wealthiest resident, Ma Huateng, chairman and CEO of Internet media behemoth Tencent Holdings, is the second-richest person in China, after Alibaba cofounder Jack Ma. After all, Paris is one of the hotbeds of world tourism, its the city of love and art. MacKenzie Scott is an American novelist and philanthropist. 3. As a Premium user you get access to background information and details about the release of this statistic. Industries that contribute to New York Citys economy are health care, tourism, real estate, tech, publishing, fashion, media and insurance, among others. However, its also a city steeped in industry. Which Countries are Buying Russian Fossil Fuels? 1.Tokyo, Japan (GDP - $1,520 billion) The richest city in the world in 2022 is Tokyo. Though residents are keen on investing in the real estate market, younger generations are finding it difficult to afford a home in Seoul due to the rising cost of real estate property and rising economic insecurity. Newsletter. Most of the cities in our list have a similar history in terms of long-standing economical power (Tokyo, Paris, London), while others seem to have gained most of their wealth in the past 2 to 3 decades (San Francisco.). [3] List [ edit] from people staying indoors and spending more time online. The top 10. Taguig City: $480 million. Two of those in Beijing are new billionaires this year: of TAL Education Group, both of whom own companies that provide online education and after-school tutoring for students. Top 100 City Lists Top 100 cities with highest median household income Top 100 cities with highest median household income Previous toplist Next toplist New! The Private Industry Council works to promote the local economy via job training programs. Image Source. And for the sixth year in a row, more billionaires call New York City home than any other city in the world. 2 on the list, but the city recorded a net loss of eight billionaire residents. 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. New York City (NYC), which lost the number one slot to Beijing in 2021, has added eight new billionaires with a total net worth of $640.4 Billion. 2022 Rankings of Highly Urbanized Cities. The United Nations uses three definitions for what constitutes a city, as not all cities may be classified using the same criteria. This international city has over 192,000 resident millionaires with 34 billionaires. These four cities are, Singapore broke into the top 10, replacing Seoul, which was No. 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. Not surprisingly, China is home to three of these cities, including Hong Kong (SAR). Well-known corporations that reside in SEZ are Tencent, Huawei and DJI. 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. Dubai ranks at #6 on the PlanetWare guide, ahead of Singapore, Rome, Istanbul, and Tokyo. Monaco - 29.21% Millionaires. As a major commercial hub for England, a number of established companies are found in London, such as Unilever, Barclays, BP, and Shell. At 35 years old, Mark Zuckerberg is the youngest richest person by more than a decade. Fortune Global 500 companies in Tokyo include: Honda Motors, Hitachi, Sony, Mitsubishi and more. Toronto is the second largest financial center in North America, Like New York City, Torontos financial hub is populated by diverse industries. Kolkata is house of many Indian corporations like Coal India Limited, ITC Limited, Britannia Industries, Allahabad Bank,. Fortune 500 companies include Discovery Communications, Fannie Mae, Walmart and CACI International among others. You only have access to basic statistics. 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 Richest Cities are shown below, based on GDP (Gross Domestic Product) data from 2011. Tokyo has 39 million residents which are 50% more than any other urban area of the world. 6 and No. Cebu City: $660 million. How many millionaires, centimillionaires, and billionaires live in the worlds wealthiest cities? area followed by Delhi, Kolkata, Bangalore and Chennai. 1 with $13.9 billion. Tokyo is the most fascinating city to live in but also the most densely packed. One dropoff is Rajan Raheja, a member of the citys Raheja real estate clan, who was worth an estimated $2.3 billion last year. Meanwhile, seven cities in Asia with the common denominator of high-income inequality and low wages dominate the list of the worlds cheapest cities. Other Shanghai entrepreneurs are newcomers to the list, including Wang Jilei, who draws his wealth from express delivery firm ZTO Express, and Chen Rui, whose anime and entertainment site Bilibili saw an uptick in demand after it gave residents of locked down areas free access to premium content. Despite being significantly smaller than Los Angeles, San Francisco houses more millionaires than its southern California counterpart. Business Solutions including all features. 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. The international city of romance boasts an economically wealthy status. 9 last year. Chart. About 300 cities have population over 1,00,000. American retail corporation Walmart has been the world's largest company by revenue since 2014. As such, you can see how anything affecting these shipping ports will have a negative impact on world wide supply chain logistics. With about 2,320 multi-millionaires calling Paris home, the backbone of this European city relies on hospitality, commerce, transportation, and other services. Register in seconds and access exclusive features. As a SEZ, businesses in the area receive special treatment in the form of tax benefits, which helps increase the GDP bottom line immensely. L.A. is also abuzz with development projects, such as refurbishing businesses like Manns Chinese Theater, as well as infrastructure projects. In fact, the average annualy income in these neighborhoods is typically over 100,000. The richest person in New York City is Bloomberg LP founder and former Mayor Michael Bloomberg, who spent nearly $1 billion of his $48 billion fortune on a failed presidential campaign before dropping out in March to endorse Joe Biden. 4, respectively. $516.5. 1. Then you can access your favorite statistics via the star in the header. Lower down the list So, which cities are lower ranked than in previous years? Burundi GDP Per Capita: 724 Burundi, located in Central Africa, is the number one poorest country in the world by current figures. He also praises the seafood, arts scene and welcoming atmosphere, though other critics call Seattle residents overly materialistic. Seven cities have population more than 3 million. A big economic draw for San Francisco is its close proximity to Silicon Valley. The City of Chicagos economy is home to a strong financial sector which includes the Chicago Board of Trade, NYSE Arca, Chicago Mercantile Exchange, Chicago Board Options Exchange and the Chicago Stock Exchange. Rounding out the top three cities is Tokyo, with $2.5 trillion in private wealth. These include three Indian cities, Tashkent in Uzbekistan, Almaty in Kazakhstan, Pakistans most populous city of Karachi, and Sri Lankan capitalColombo. He is popularly known for his role as Madea on House of Payne. Top Cities in the World to Visit. 10. RICHEST RESIDENT: VLADIMIR POTANIN, $19.7 BILLION Getty Images Moscow is the only other city among the top 10, besides Shenzhen, where every single billionaire is self-made (as opposed to. For the fourth straight year, Atherton topped Bloomberg's Richest Places annual index. New York City: 107 Billionaires. 2. Other industries driving their economy are tech, tourism, and the service industries such as hospitality. Mapped: Which Countries Have the Highest Inflation? According to the United Nations' latest report on populations in cities, by 2030, "urban areas are projected to house 60 percent of people globally and one in every three people will live in . 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. More than 80% of Russias billionaires call its capital home, including mining mogul Vladimir Potanin, who is also the richest person in the nation. Our ranking shows the 50 wealthiest countries, measured by gross domestic product per capita and adjusted by the purchasing in the respective country. Please create an employee account to be able to mark statistics as favorites. City of Clayton -$146,225. This statistic is not included in your account. 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. Houstons economy is diverse, from the worlds largest petrochemical manufacturing center to health care and medical research, real estate, finance, and information tech industries.