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 . Available: https://www.statista.com/statistics/299494/billionaires-top-cities/, Leading cities with the most billionaires in 2022, Available to download in PNG, PDF, XLS format, Global billionaire population by region 20121, Growth of billionaire wealth globally 2020, by industry, Age distribution of billionaires globally 2021, Value added to the wealth of the world's leading billionaires during pandemic 2021, Number of billionaires worldwide by wealth source 2021, Wealth distribution of billionaires around the world 2021, Total wealth distribution of billionaires around the world 2021, Share of the global wealth held by the richest percent 2010-2021, Distribution of billionaires worldwide 2021, by gender, Youngest billionaires globally 2022, by net worth, Richest self-made women in the United States 2022, based on net worth, Distribution of billionaires in the U.S. by gender 2022, Source of billionaire's wealth worldwide in 2020, by gender, Number of ultra high net worth individuals 2021, by region, Ultra high net worth individuals 2021, by country, Share of the world's billionaires by region 2021, Number of billionaires in Europe in 2021, by country, Wealth of billionaires around the world by region 2021, Primary industries of billionaires worldwide 2021, Breakdown of the average billionaire's wealth worldwide 2021, by assets, Most affluent people in the tech industry worldwide 2022, by net worth, Countries with the biggest emigration of millionaires 2020, Average net worth of billionaires worldwide, 2013, Top 10 countries by average wealth of billionaires 2013, Top 10 countries by the number of billionaires per capita 2013, African cities with the most billionaires, as of 2014, Educational attainment of billionaires worldwide, 2013, Number of billionaires in Africa 2013, by country, Gender distribution of billionaires worldwide, 2013, Top 10 countries by percentage of female billionaires 2014, Average number of children of billionaires worldwide, 2013, Marital status of billionaires worldwide, 2013, Source of billionaire's wealth worldwide, 2013, Average age of billionaires worldwide, 2013, Number of billionaires in select European cities 2014-2018, Top 10 countries by the percentage of female billionaires 2013, Investments of high-net-worth individuals, Find your information in our database containing over 20,000 reports, the most significant industries in the global billionaire production line. Among Singapores newcomers are gaming tycoons, , cofounders of the online gaming and e-commerce firm Sea; both industries have. 6 and No. Which cities and regions have the biggest concentrations of millionaires around the world, each with a net worth greater than $1 million (USD)? 30 in the index, a. Among the top 10 richest economies, Ireland has the fastest-growing economy with 13.04%. With the onset of free-market reforms in the 1990s, Beijing saw its economic development soar. Moreover, much of London's wealth is concentrated in neighborhoods like Westminster, Kensington, Islington, and Chelsea. 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's richest resident, 476 Washington Avenue, former mayor Michael Bloomberg, has a net worth of $45 billion, making him one . $520.1. Cities may be defined as the cities proper, the extent of their urban area, or their metropolitan regions. Lastly, London is home to several of the most well-known Fortune Global 500 firms, including the Lloyds Banking Group, Prudential, J. Sainsbury, BP, Tesco, and Vodafone Group, amongst others. The Top 5 Cities in Mexico in 2020. Singapores richest resident, Zhang Yong, 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. Here are the Top 10 Richest Places in America and how they split their Heroes Act bailout allocation: #1. 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. 13. 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 example, Moscow's rich neighborhoods like Rublyovka contain private houses that can cost up to $60 to $80 million! 1. The Private Industry Council works to promote the local economy via job training programs. The company currently focuses on its four core brands: Cadillac, Chevrolet, GMC and Buick. You can only download this statistic as a Premium user. 4, respectively. Fortune Global 500 companies include SK Holdings, POSCO, LG Electronics and more. In some U.S. cities, however, more than half of all households earn $70,000-plus. In the latest edition of the ranking, North America has a strong showing with seven of the wealthiest cities, by number of millionaires. Then you can access your favorite statistics via the star in the header. With about 2,320 multi-millionaires calling Paris home, the backbone of this European city relies on hospitality, commerce, transportation, and other services. 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.. Even though the city was riddled with the effects of the pandemic, Job growth occurred with another 5,700 jobs added. London and the rest of the United Kingdom finally left the European Union on January 31st, 2020. 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. Swift reportedly owns about $40 million worth of property in the area. Fortune 500 companies located in the Rhine-Ruhr metropolitan area include: ThyssenKrupp AG, RWE AG, Bayer AG, Evonik Industries, among others. Tokyo may not be as wealthy as New York, but this megacity remains one of the richest cities in Asia. 9 last year. These four cities are home to 228 billionaires. Delhi City. Mapped: Europes Biggest Sources of Electricity by Country, Visualizing the Scale of Global Fossil Fuel Production, Visualizing U.S. Quezon City: $1.69 billion. Due to heavy investment into research and development, high-tech companies in Shenzen have consistent government support. A massive powerhouse in Seoul is Samsung. Palo Alto - $147,537 Furthermore, 121. [3] List [ edit] The city contributes about 30% of goods sold in Russia. The place is mostly known for its stunning Renaissance architecture and is . Kolkata is the third richest city in South Asia after Mumbai and Delhi. China retains its title as the country with the most cities in the top 10, with Shenzhen moving up one spot to No. Before the Ukraine invasion, Moscow was the economic hub of Russia. 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. 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 Fortune 500 companies include Comcast, Colonial Penn, Sunoco, Aramark, CIGNA, Lincoln Financial Group, and more. The county seat of Loudoun is in Leesburg, where most administration activities take place. 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. Ranked: The Worlds Richest Billionaires Over the Past 10 Years, All of the Worlds Money and Markets in One Visualization (2022), The U.S. and China Account for Half the Worlds Household Wealth, Charting the Relationship Between Wealth and Happiness, by Country, Mapped: The Wealthiest Billionaire in Each U.S. State in 2022, Poll: Inflation is the Top Financial Concern for Americans, From New York to Damascus, this infographic uses EIU cost of living data to rank the worlds most and least expensive cities to live in. It had about 2,000 inhabitants at the time. Looking to the future, companies and high-net-worth individuals will inevitably move where they are treated best. As soon as this statistic is updated, you will immediately be notified via e-mail. (March 17, 2022). 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. Meanwhile, seven cities in Asia with the common denominator of high-income inequality and low wages dominate the list of the worlds cheapest cities. 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. This infographic uses information from the Henley Global Citizens Report, in partnership with New World Wealth, to rank the worlds wealthiest cities. from people staying indoors and spending more time online. As of March 2023, MacKenzie Scott's net worth is estimated to be $33.3billion. 4, respectively. Beijing also has a sizeable billionaire population of 100 people, compared to any other international city. At 89 years old, Warren Buffett is the oldest richest person by 5 years. In fact, Seoul is known as the most wired city in the world due to the high concentration of high-tech industries. If you live in a city where many residents find it challenging to put a roof over their heads, food on their plates, and make ends meet, you live in an expensive city. Home to both invention and innovation, animes, mangas and of course, robots, Tokyo is known as the financial center of the world. Visakhapatnam - Industrial Port Of India. 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. Despite its picture of wealth, only a small percentage of Seoul's population claim to be wealthy. She finds almost all topics she writes about interesting, but her favorite subjects are travel and food. Los Angeles, Chicago and Houston round out the top five. The collective net worth of the citys billionaires is $424 billion, down $45.7 billion from a year ago. Chart. Not surprisingly, China is home to three of these cities, including Hong Kong (SAR). 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. 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. To use individual functions (e.g., mark statistics as favourites, set 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. 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. Five are new billionaires from the finance industry, including private equity wizards, . 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. This large metropolitan area has a history of being the hub of Germanys heavy industry sector. The decade-long conflict in Syria weakened the Syrian pound, led to a spiraling inflation and fuel shortages, and further collapsed its economy. Beijing is the capital of China and has a population of over 20 million. In fact, Delhi's population can beat Tokyo by 2028. However, invading a sovereign nation had its consequences, and Russias entire economy is in a state of disrepair. By 2025, the city's GDP would have [] In fact, the average annualy income in these neighborhoods is typically over 100,000. Finally, London hosts some of the most prominent Fortune Global 500 companies such as Lloyds Banking Group, Prudential, J Sainsbury, BP, Tesco and Vodafone Group, among others. 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). These figures were taken after the market close on September 18, 2020. Additionally, approximately 18% of Japan's universities are found in Tokyo. Paris is also home to several Fortune Global 500 companies such as, BNP Paribas, Peugeot, CNP Assurances, SNCF, Vivendi and more. The Shenzhen Special Economic Zone or SEZ is an important business and financial services center in China. In the U.S., a few tax-friendly states like Texas and Florida became home to American companies moving their head offices there. The median home value for the lower Tribeca area is around $2.5 million. Tourism not only pumps money into San Francisco's economy by way of tourist spending, it also offers a source of jobs in the city. 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. Another crucial element is the neighborhood of Zhongguancun. Its been rapidly replaced by information tech and financial services. San Francisco also has the highest median household income in the country. Newcomers to the billionaire ranks who live in San Francisco include private equity dealmaker. Which Countries are Buying Russian Fossil Fuels? Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Toronto is the second largest financial center in North America, Like New York City, Torontos financial hub is populated by diverse industries. Greater Mumbai still is the most populated city in its 440 sq. Trip Ideas; 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. Media mogul turned politician Michael Bloomberg, founder of Bloomberg, is the . Otherwise, the city serves as a global financial centre, due to its large abundance of banks, insurance companies, and financial service centres. Tokyo is also a major center for banking and insurance, and is home to many multinational companies like Honda and Sony. 1. 10. "Leading cities with the most billionaires in 2022." The wealthy city-state has 31 billionaire residents, up from 22 last year, and replaces Seoul in the top 10. 6 and No. For instance, Osaka is home to major electronics corporations like Sharp and Panasonic as well as pharmaceutical companies, food, retail and trading companies. Fortune 500 companies include Discovery Communications, Fannie Mae, Walmart and CACI International among others. Both these cities had high inflation and a strong currency. In fact, Tokyo plays host to the top money-building organizations and minds anywhere on Earth. Rising development costs and foreign competition had already, 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. 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. Founded in 1630, Boston is one of our countries oldest cities. San Ramon ranks among the top ten safest cities in California. At 35 years old, Mark Zuckerberg is the youngest richest person by more than a decade. Current Health Expenditure per Capita. Hurun Research Institute. 2. Billionaire refers to U.S. dollar billionaire. Additionally, factors such as taxes, transportation costs, and availability of goods and services can also contribute to the overall cost of living in global cities. Where are the German and Chinese Cities? The cities shown in our visualization are already well-established locations for high-net-worth individuals. 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. Singapores richest resident. Los Angeles, USA The city of Los Angeles makes significant efforts to foster economic growth in the local community. These industries include manufacturing, energy, information tech, finances, telecommunications, education, and telecommunications. 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. When is it OK to Buy a House Site Unseen as an Investor? Moscow is also home to a population of "nouveau riche" Muscovites and prominent neighborhoods, with properties that can cost millions of dollars. Some cities have some obvious billionaires that come to mind. Washington, District of Columbia: $578.985 Billion, 4. According to the Greater Houston Project, As retailers work to rebuild their inventories, as factories struggle to resolve supply chain issues, as the global economy continues to grow, so will the demand for Houstons exports, and so will Houston employment,. 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. Are you interested in testing our business solutions? For the fourth straight year, Atherton topped Bloomberg's Richest Places annual index. Here are the 10 leading cities for the wealthy for 2019. Dubai ranks at #6 on the PlanetWare guide, ahead of Singapore, Rome, Istanbul, and Tokyo. StartupTalky has compiled an exhaustive list of the top richest people in India for the year 2022. Home to 12 Fortune 500 companies, the city of Philly is Pennsylvanias financial hub. For instance, billionaires like Zhang Yiming, founder of TikTok, calls the capital city home (with a net worth of about $35.6 billion USD)! The city employs 36,000 people and is home to some 75, 00 people. Follow Us. Kolkata is house of many Indian corporations like Coal India Limited, ITC Limited, Britannia Industries, Allahabad Bank,. Newsletter. As a Premium user you get access to the detailed source references and background information about this statistic. 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. The Chinese capitals tally of ten-figure-fortunes rose by six since last year to reach 67 billionaires. Houstons economy is diverse, from the worlds largest petrochemical manufacturing center to health care and medical research, real estate, finance, and information tech industries. Los Angeles is a city that takes great strides to encourage economic growth. Lets take a closer look at some of the top-ranking cities making the list. 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, , founders of online gaming firm Playrix; and, , who inherited part of the fortune of her late father, Brazilian healthcare tycoon, in an effort to slow the spread of the coronavirus in January, boosting the fortunes of online retail titans like, . Business Solutions including all features. Tokyo's wealth is also tied to the Tokyo Stock Exchange (TYO), regarded as one of the largest stock exchanges in the world. All maps, graphics, flags, photos and original descriptions 2023 worldatlas.com, The World's Most Populated Capital Cities. statistic alerts) please log in with your personal account. The TYO encompasses over 3,700 listed companies and a market value estimated at JPY 600 trillion (or approximately $42 billion USD). Other companies crucial to Seouls economic health include: Kia, Daewoo and Hyundai. Finally, Oceania has two cities on the list, both located in Australia. 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! 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. 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. Singapore broke into the top 10, replacing Seoul, which was No. As a SEZ, businesses in the area receive special treatment in the form of tax benefits, which helps increase the GDP bottom line immensely. 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. 20 Cities with the Worst Weather in the U.S. How Eiza Gonzalez Achieved a Net Worth of $5 Million. 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. Though famous for prominent technology companies and hundreds of start-ups across the Silicon Valley, San Francisco's wealth is tied to industries in manufacturing and tourism. 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. In fact, such diversity plays well in times of economic hardship, which includes the recent downturn caused by the pandemic. A huge part of this development was the influx of multi-national corporations. As such, you can see how anything affecting these shipping ports will have a negative impact on world wide supply chain logistics. Which Countries Have the Lowest Inflation? This statistic is not included in your account. Pasig City: $710 million. In other words, the city produces poor copies of everything from designer fashions to scooters. Other industries driving their economy are tech, tourism, and the service industries such as hospitality. Refer to sources for more information. . Hong Kong is once again the city with the second most billionaires in the world. Hong Kong is once again the city with the second most billionaires in the world. This video will compare the top 50 richest people in the world by net worth in 2020. A little known fact is that L.A. is the manufacturing center of the country. Home to about 393,000 millionaires, Seoul's economy is rooted in manufacturing, financial services, and transportation. The methodology of calculating GDP may differ between the studies and are widely based . This city's success is due to its industrial and manufacturing activity, made up of a technology-savvy and highly skilled work force. Adding to the diversity are biotech companies and information technologies. Asia is the region with the second most millionaires with six cities in the mix. Furthermore, Los Angeles' wealth is also tied to its appeal to immigrants and innovative companies involved in information and technology. 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. A home stands in Atherton, California, U.S., on Tuesday, Feb. 18, 2020. Tokyo has 39 million residents which are 50% more than any other urban area of the world.