This northern Chinese city is not only a hub for luxury brands, it headquarters China's largest companies, many of which are considered in the Fortune Global 500. The Chinese capitals tally of ten-figure-fortunes rose by six since last year to reach 67 billionaires. 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? 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. New Delhi- GDP $293.6 Billion. Kolkata is house of many Indian corporations like Coal India Limited, ITC Limited, Britannia Industries, Allahabad Bank,. Although she spends most of her time writing, she also enjoys spending time with her husband and four children, watching films, cooking, dining out, reading, motorsports, gaming, and walking along the beach next to her house with her dog. South Koreas Wall Street is the Korea Exchange in Yeoui Island. The median home value for the lower Tribeca area is around $2.5 million. Other industries driving their economy are tech, tourism, and the service industries such as hospitality. You need a Statista Account for unlimited access. Till 2030, Tokyo city will project to be the top-most populated city on earth. 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. 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. Fortune 500 companies include Discovery Communications, Fannie Mae, Walmart and CACI International among others. In fact, such diversity plays well in times of economic hardship, which includes the recent downturn caused by the pandemic. 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. Five are new billionaires from the finance industry, including private equity wizards, . The collective net worth of the citys billionaires is $424 billion, down $45.7 billion from a year ago. He is worth $1 billion, becoming the richest actor in the world. L.A. is also abuzz with development projects, such as refurbishing businesses like Manns Chinese Theater, as well as infrastructure projects. Palo Alto - $147,537 Sweeping sunsets, desert landscape, and breathtaking canyonsthese are the things that most everyone think of when someone says Arizona. from people staying indoors and spending more time online. For example, Moscow's rich neighborhoods like Rublyovka contain private houses that can cost up to $60 to $80 million! The decade-long conflict in Syria weakened the Syrian pound, led to a spiraling inflation and fuel shortages, and further collapsed its economy. By 2025, the city's GDP would have [] Shipping isnt the only industry which brings revenue into SEZ, its also the sizable industrial parks, high-tech industries and of course, trade. Beijing, China: $591.374 Billion Beijing is the capital of China and has a population of over 20 million. E-commerce has seen a boom in China since millions of citizens were locked down in an effort to slow the spread of the coronavirus in January, boosting the fortunes of online retail titans like Colin Huang. 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. 2. Principal industries which were the engine behind Moscows economy are textile, metallurgy, energy, and chemical. 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. The city contributes about 30% of goods sold in Russia. 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. Despite its picture of wealth, only a small percentage of Seoul's population claim to be wealthy. Liz Flynn has worked as a full-time writer since 2010 after leaving a career in education. While Shenzhens export-led manufacturers have. The ideal entry-level account for individual users. + - Leaflet | Tiles OpenMapTiles | Data OpenStreetMap contributors Income distibution for all U.S. cities 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. Richest Cities in the World. Many cities in India are densely inhabited, trade between them has improved, and transportation systems have been modernized. Show publisher information The Big Smoke is no stranger to economic prosperity. New York's richest person and former mayor, Michael Bloomberg, is worth $59 billion. 4, respectively. 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. Singapore and New York City tied for the first rank amongst the worlds most expensive cities in 2022, pushing Israels Tel Aviv from the first place in 2021 to the third place in 2022. statistic alerts) please log in with your personal account. 3. Hong Kong is once again the city with the second most billionaires in the world. 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. Fortune Global 500 companies include SK Holdings, POSCO, LG Electronics and more. 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. Travel + Leisure. 1. Compared to many other states, Kentucky has low, Read More The 20 Safest Places to Live in KentuckyContinue, The price of land jumped dramatically from 2020 to the present. In fact, Delhi's population can beat Tokyo by 2028. Our ranking shows the 50 wealthiest countries, measured by gross domestic product per capita and adjusted by the purchasing in the respective country. This includes the burgeoning FinTech, or financial technology industries. The richest country in the world is Luxembourg. 7 and Shanghai and Beijing staying flat at No. When is it OK to Buy a House Site Unseen as an Investor? Chinese energy giants State Grid, China National Petroleum, and Sinopec rounded out the top five. 1. Macao SAR will climb from 17th in 2020 to 9th in 2021. 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. , 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. Frankfurt in Germany is the second richest city after Dublin with an income of $102,941 per capita. Situated in the southern part of California, Los Angeles is known for its large population of celebrities, tech moguls, and the financially fortunate. 20 Cities with the Worst Weather in the U.S. How Eiza Gonzalez Achieved a Net Worth of $5 Million. 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. Like the other cities mentioned in our list of the richest cities of the world, the economy of Washington, D.C. is a diverse one. 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. Learn how your comment data is processed. Finally, Oceania has two cities on the list, both located in Australia. Lets take a closer look at some of the top-ranking cities making the list. The county seat of Loudoun is in Leesburg, where most administration activities take place. Major financial powerhouses in London include Canary Wharf, HSBC and Barclays. New York City notched the top spot for the sixth year running, growing its count of billionaire city dwellers by eight compared to 2019. Boasting a population of over 300,000 resident millionaires, Tokyo is also home to a dozen billionaires. City of Clayton -$146,225. Its wealthiest resident, , chairman and CEO of Internet media behemoth Tencent Holdings, is the, . Moscow. To use individual functions (e.g., mark statistics as favourites, set 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. In fact, London is one of the chief financial centers of the world. Devoted to encouraging economic development, Chicagos Department of Planning and Development has a number of economic development initiatives. San Francisco has a rich economic history,,one that includes the wealth generated by the California Gold Rush. In 2022, cities with strong oil and gas industries like Riyadh, Sharjah, Dubai, Luanda, Abu Dhabi, Doha, and Lagos grew exceptionally. The wealthy city-state has 31 billionaire residents, up from 22 last year, and replaces Seoul in the top 10. Indian richest cities 2021. Its known as the mecca of tech innovation, and as a result, the region has a high concentration of wealthy individuals. Montgomery Street is considered the Wests Wall Street and is located in San Francisco. StartupTalky has compiled an exhaustive list of the top richest people in India for the year 2022. 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. Mumbai gained one billionaire resident since 2019, losing five billionaires but adding six newcomers. Kuwait (-4) will be the worst loser, followed by The Bahamas (-3) and Iceland (-3). As such, you can see how anything affecting these shipping ports will have a negative impact on world wide supply chain logistics. 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. Well-known corporations that reside in SEZ are Tencent, Huawei and DJI. As of March 2023, MacKenzie Scott's net worth is estimated to be $33.3billion. 9 last year. Hong Kong remains No. Statista. Countries that want to attract wealthy individuals will have to apply tax-friendly policies along with other factors such as quality of life, safety, education, and access to amenities that ultra-wealthy residents value.
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