The county seat of Loudoun is in Leesburg, where most administration activities take place. The largest economy in states, New York Citys prosperity is rooted in Wall Street. In 2022, cities with strong oil and gas industries like Riyadh, Sharjah, Dubai, Luanda, Abu Dhabi, Doha, and Lagos grew exceptionally. 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. Beijing also has a sizeable billionaire population of 100 people, compared to any other international city. To this day, Macao is the only country on the list whose per-capita purchasing power is lower than it was before the start of the pandemicabout $125,000 in 2019, down by $40,000 today. Surprisingly, this is the Big Apples first time atop the ranking. The country is entirely landlocked and is surrounded by Rwanda, Tanzania, and the Democratic Republic of Congo. Boston-Cambridge-Newton, Massachusetts. StartupTalky has compiled an exhaustive list of the top richest people in India for the year 2022. Many cities in India are densely inhabited, trade between them has improved, and transportation systems have been modernized. Chinese energy giants State Grid, China National Petroleum, and Sinopec rounded out the top five. The collective net worth of the citys billionaires is $424 billion, down $45.7 billion from a year ago. , who is also the richest person in the nation. Home to both invention and innovation, animes, mangas and of course, robots, Tokyo is known as the financial center of the world. Shanghai. Top 10 Richest Asian Countries (2020 GDP, Int$ PPP - World Bank) China - $24.27 trillion; . I cover the world's richest people and how they made their billions. This is because they are supposed to get a better idea, Read More When is it OK to Buy a House Site Unseen as an Investor?Continue, You might be thinking of relocating to New Hampshire for work or other reasons. Various lists of the richest families in the world (excluding royal families or autocratic ruling dynasties) are published internationally, by Forbes as well as other business magazines.. 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 . Other profitable sectors include information technology, medical technology, retail, financial and legal sectors. Other industries which influence the economy of Boston include the biotech industry, tourism, finance services and several Fortune 500 companies. 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! 24/7 Wall Street reviewed income levels in 382 metropolitan . Seven cities have population more than 3 million. (((61/33)^(1/15))^10)*33 and (((33/21)^(1/15))^10)*21. Alongside its growing wealth, San Francisco is also one of the fastest growing cities in the country. Photo: @Kim Kardashian West. 3. Sy Siblings Still at Top. Basically, the metropolitan areas of Maastricht. MacKenzie Scott is an American novelist and philanthropist. London, United Kingdom: $978.402 Billion, 2. 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. Tokyo, Japan- GDP: $1,520 billion. Today, Boston is a center of learning with many stellar educational institutions like MIT and Harvard, which contribute greatly to Bostons economy. Much like Shanghai, Beijing enjoys a reputation as one of the Asia's (and the world's) wealthiest cities. 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. Since 1949, Beijing was considered one of China's most industrial cities. Chicago, which serves as the home base for 35 Fortune 500 companies, is home to 160,100 millionaires, 340 centimillionaires and 28 . 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. Tokyo's wealth is also tied to the Tokyo Stock Exchange (TYO), regarded as one of the largest stock exchanges in the world. Delhi city is the second most populated city in the world with a 30,291,000 million population. It is also home to Wall Street, the financial capital of the US and the world. Boasting a population of over 300,000 resident millionaires, Tokyo is also home to a dozen billionaires. Major metropolitan areas contributing at least 2.5% of world GDP. Another crucial element is the neighborhood of Zhongguancun. 1. March 17, 2022. The collective net worth of the citys billionaires is $424 billion, down $45.7 billion from a year ago. Well-known corporations that reside in SEZ are Tencent, Huawei and DJI. Otherwise, Los Angeles enjoys wealth from other industries related to biosciences, trade, information, transportation, and aerospace. Meanwhile, seven cities in Asia with the common denominator of high-income inequality and low wages dominate the list of the worlds cheapest cities. Before the Ukraine invasion, Moscow was the economic hub of Russia. Are you interested in testing our business solutions? Billionaire refers to U.S. dollar billionaire. It has more sunshine than Florida, Read More The 20 Safest Places to Live in ArizonaContinue, Generally speaking, when people set out to buy a property, they are recommended to check out the property in person before making the purchase. Profit from the additional features of your individual account. - 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 video will compare the top 50 richest people in the world by net worth in 2020. A home stands in Atherton, California, U.S., on Tuesday, Feb. 18, 2020. 11. ", Hurun Research Institute, Leading cities with the most billionaires in 2022 Statista, https://www.statista.com/statistics/299494/billionaires-top-cities/ (last visited March 04, 2023), Leading cities with the most billionaires in 2022 [Graph], Hurun Research Institute, March 17, 2022. 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. Besides being a major educational hub and commercial space, Tokyo's economy relies on industries related to healthcare, communications, transportation, and real estate. 12. Newcomers from other sectors also joined the ranks, including AI pioneer, Hong Kong remains No. Los Angeles is a city that takes great strides to encourage economic growth. $520.1. On this list, New York City was ranked as the richest city with a total of $3 trillion in private wealth. The Top 5 Cities in Mexico in 2020. Looking to the future, companies and high-net-worth individuals will inevitably move where they are treated best. Fortune 500 companies include Comcast, Colonial Penn, Sunoco, Aramark, CIGNA, Lincoln Financial Group, and more. Monaco - 29.21% Millionaires. One dropoff is. . For over 50 years, Tokyo has occupied the top spot, and shows no sign of slowing down. Washington, District of Columbia: $578.985 Billion, 4. Dallas plays host to a variety of industries, and its these industries which are responsible for the economic growth of the Dallas metropolitan area. 4. Loudoun County. As a Premium user you get access to background information and details about the release of this statistic. Mumbai - City Of Dreams. In Hong Kong, 9,530 ultra wealthy individuals resided, followed by Tokyo with 8,345 lived. It has a diverse stable economy ranging from Gas Extraction and Manufacturing, Companies and Enterprise, and Retail Trade. From Singapore To New York City, more than 26% of the worlds 2,095 billionaires live in just 10 cities on three continents. 2. 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. 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. Interactive map As such, you can see how anything affecting these shipping ports will have a negative impact on world wide supply chain logistics. 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. Montgomery Street is considered the Wests Wall Street and is located in San Francisco. from people staying indoors and spending more time online. Wealthiest cities (amount in billions . Its known as the mecca of tech innovation, and as a result, the region has a high concentration of wealthy individuals. The San Francisco Bay Area boasts 276,400 millionaires. With the onset of free-market reforms in the 1990s, Beijing saw its economic development soar. U.S. Inflation: How Much Have Prices Increased? The PPP value of a city (or country) is commonly used by macroeconomic analysts and economists, as its a popular metric to determine a city's standard of living and economic prosperity. 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 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. Among the top 50, Aruba will climb five spots. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Hong Kong is once again the city with the second most billionaires in the world. 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. This international city has over 192,000 resident millionaires with 34 billionaires. In order to recoup losses, in June of 2022, the city of Shanghai released a post-lockdown business recovery plan. As of March 2023, MacKenzie Scott's net worth is estimated to be $33.3billion. Apart from the cost of a home, examining how, Read More What is the Cost of Living in New Hampshire?Continue, Mexicos proximity to the US makes it a hugely popular option for American expats and retirees. Singapore has one of the highest densities of millionaire households in Asia, with over 5% of households having at least $1 million USD in net financial assets. 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. 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. 1. 2. 4, respectively. Pasig City: $710 million. Moreover, when it comes to its residents, there are about 9,210 multi-millionaires calling London home, as well as 38 billionaires. For the first time, revenues from Global 500 companies in Greater China (including Taiwan). 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. Hong Kong remains No. Florence, Italy - 2.59% Millionaires. A paid subscription is required for full access. Air Cargo News Awards 2020. dnata wins again. 12. Industries that contribute to New York Citys economy are health care, tourism, real estate, tech, publishing, fashion, media and insurance, among others. Surat - City Of Sun. 9 last year. Our ranking shows the 50 wealthiest countries, measured by gross domestic product per capita and adjusted by the purchasing in the respective country. Principal industries which were the engine behind Moscows economy are textile, metallurgy, energy, and chemical. 10. . 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. Situated in the southern part of California, Los Angeles is known for its large population of celebrities, tech moguls, and the financially fortunate. This list is incomplete, as not all companies disclose their information to the general public. In 2020, New York had the largest number of ultra wealthy individuals (UHNW), reaching 11,475 people. 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. 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 Access to this and all other statistics on 80,000 topics from, Show sources information 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. It had about 2,000 inhabitants at the time. These cities have a combined GDP of $2.4st trillion, equating to more than double that of second-place San Francisco. If youre looking, Read More The 20 Cheapest Places to Buy Land in the U.S. 2022Continue. 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.