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. To make the list, the EIU examines 400+ prices for over 200 products and services in 172 cities, surveying a variety of businesses to track price fluctuations over the last year. UAE in Top 20. Visualizing the Global Share of U.S. Stock Markets. Other notable NYC billionaire residents include hip-hop superstar Jay-Z and Julia Koch, the widow of former Koch Industries magnate David Koch. 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. It goes without saying that due to its history tourism is a huge draw when it comes to obtaining revenue. 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. Alongside its growing wealth, San Francisco is also one of the fastest growing cities in the country. area followed by Delhi, Kolkata, Bangalore and Chennai. 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. 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 methodology of calculating GDP may differ between the studies and are widely based . The cannabis business is rather recent, but also encourages financial growth for the city. 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 . Loudoun County. A little known fact is that L.A. is the manufacturing center of the country. Richest Cities in the World. (((61/33)^(1/15))^10)*33 and (((33/21)^(1/15))^10)*21. Use Ask Statista Research Service. 2. Some of them have topped the rankings for decades, while some others are less well-known. Surat - City Of Sun. In detail, 144 billionaires resided in the capital of China. 2. Newsletter. Dallas Number of individuals with a net worth of $5 million or more: 36,515 Percentage of global population: 1.2% 9. 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. 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. New Delhi- GDP $293.6 Billion. Those include Abhay Vakil, who heads Indias largest paint company, Asian Paints, and the Parekh brothers, who control adhesives and sealants maker Pidilite Industries. The Richest Cities are shown below, based on GDP (Gross Domestic Product) data from 2011. In 2022, the combined wealth of India's 100 richest increased by $25 billion to touch $800 billion. ed 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. Looking to the future, companies and high-net-worth individuals will inevitably move where they are treated best. This city's success is due to its industrial and manufacturing activity, made up of a technology-savvy and highly skilled work force. The TYO encompasses over 3,700 listed companies and a market value estimated at JPY 600 trillion (or approximately $42 billion USD). Where are the German and Chinese Cities? 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. 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. 12. You need a Statista Account for unlimited access. Elon Musk Elon Musk is a South African-born Canadian-American businessman, investor & the richest person in the world. One dropoff is. The headquarters of several cities are also found in Tokyo, which include Honda, Sony, Hitachi, and Mitsubishi. 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.). Its known as the mecca of tech innovation, and as a result, the region has a high concentration of wealthy individuals. London: 63 Billionaires Since Last Year: +7 Total Net Worth: $316.1 Billion Richest Resident: Len Blavatnik, $32 Billion Currently, you are using a shared account. Asia continues to dominate the list of the worlds least expensive cities, followed by parts of North Africa and the Middle East. Delhi city is the second most populated city in the world with a 30,291,000 million population. He worked to revolutionize transportation on earth. 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 Dmitry and Igor Bukhman, founders of online gaming firm Playrix; and Camilla de Godoy Bueno Grossi, who inherited part of the fortune of her late father, Brazilian healthcare tycoon Edson de Godoy Bueno. 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. Today, with 272,400 millionaires, the city holds a more humble position. 27. This statistic is not included in your account. If that is the case, knowing its cost of living is vital. Please do not hesitate to contact me. Meanwhile, Barcelona dropped to No. Cities in the UAE became millionaire magnets, attracting over 4,000 millionaires in 2022. The collective net worth of the citys billionaires is $424 billion, down $45.7 billion from a year ago. Its also host to the headquarters of around 75 percent of the worlds Fortune 500 companies. Both these cities had high inflation and a strong currency. One dropoff is Rajan Raheja, a member of the citys Raheja real estate clan, who was worth an estimated $2.3 billion last year. The Top 5 Cities in Mexico in 2020. According to Investopedia, Gross domestic product (GDP) is the total monetary or market value of all the finished goods and services produced within a countrys borders in a specific time period. In this case, we are looking at the GDP of metropolitan statistical areas, and not countries. After all, Paris is one of the hotbeds of world tourism, its the city of love and art. These four cities are, Singapore broke into the top 10, replacing Seoul, which was No. The Fortune 500 companies hosted by Boston include: State Street, Liberty Mutual Insurance, Gillette and General Electric. If you are an admin, please authenticate by logging in again. Newcomers to the billionaire ranks who live in San Francisco include private equity dealmaker Orlando Bravo and cloud communications entrepreneur Vlad Shmunis. Additionally, the world's major companies are headquartered in Seoul, which include Samsung, Hyundai, LG, and Kookmin Bank. Profit from the additional features of your individual account. If youre looking, Read More The 20 Cheapest Places to Buy Land in the U.S. 2022Continue. A home stands in Atherton, California, U.S., on Tuesday, Feb. 18, 2020. In 2019, San Francisco's tourism industry resulted in 86,111 jobs. (March 17, 2022). The San Francisco Bay Area boasts 276,400 millionaires. In fact, Delhi's population can beat Tokyo by 2028. And for the sixth year in a row, more billionaires call New York City home than any other city in the world. Indian richest cities 2021. The number of millionaires has been growing steadily over the last 10 years, and if the trends of recent years hold, San Francisco could become the number one millionaire hub by 2040. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Industry-specific and extensively researched technical data (partially from exclusive partnerships). In fact, Seoul is known as the most wired city in the world due to the high concentration of high-tech industries. Los Angeles, USA The city of Los Angeles makes significant efforts to foster economic growth in the local community. 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. The wealthy city-state has 31 billionaire residents, up from 22 last year, and replaces Seoul in the top 10. 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. 50 Richest Countries in the World 2020. The city by the bay has five fewer billionaires than a year ago in part because fortunes fell below $1 billion for former Uber CEO, . The top 10. Pasig City: $710 million. At its peak, General Motors enjoyed a 50% market share in the United States. New York City: 107 Billionaires. American retail corporation Walmart has been the world's largest company by revenue since 2014. As soon as this statistic is updated, you will immediately be notified via e-mail. Cities become expensive due to a variety of factors such as high demand for housing, a concentration of high-paying businesses and industries, and a high standard of living. 6 and No. City of Clayton -$146,225. These figures were taken after the market close on September 18, 2020. Tokyo is the economic hub of Japan and is one of the most important cities in the world for business and finance. The largest economy in states, New York Citys prosperity is rooted in Wall Street. 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. Lower down the list So, which cities are lower ranked than in previous years? Loudoun County is located in the Commonwealth Virginia, with a population of 375,000 people. Kolkata is the third richest city in South Asia after Mumbai and Delhi. 3. The United Nations uses three definitions for what constitutes a city, as not all cities may be classified using the same criteria. Industries that have found success in the city include food processing, manufacturing, publishing, insurance and tourism. These include three Indian cities, Tashkent in Uzbekistan, Almaty in Kazakhstan, Pakistans most populous city of Karachi, and Sri Lankan capitalColombo. At 89 years old, Warren Buffett is the oldest richest person by 5 years. 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. The wealthy city-state has 31 billionaire residents, up from 22 last year, and replaces Seoul in the top 10. Gautam Shantilal Adani. Tripoli and Tehran, the capitals of Libya and Iran, respectively, follow next on this list, reflecting their weakened economies.