top 50 richest cities in the world 2020

Due to heavy investment into research and development, high-tech companies in Shenzen have consistent government support. 10 Richest Car Companies In The World - ventured.com 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. Here are the 10 leading cities for the wealthy for 2019. These figures were taken after the market close on September 18, 2020. 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. In particular, the United States claims five of the cities in the top 10, including the very top spot with New York City. 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. 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. Macao SAR will climb from 17th in 2020 to 9th in 2021. 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,. Our ranking shows the 50 wealthiest countries, measured by gross domestic product per capita and adjusted by the purchasing in the respective country. , 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. Surprisingly, this is the Big Apples first time atop the ranking. Before the Ukraine invasion, Moscow was the economic hub of Russia. Beyonc, Jay Z and Taylor Swift are just a few of the celebrities who own property in Tribeca. Being China's largest city, Shanghai also houses on of the world's largest ports, due to its proximity to the Yangtze River Delta. 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. Tokyo is the most fascinating city to live in but also the most densely packed. On a related note, there is a sizeable population of secondary homeowners in London. Top 10 richest cities in the world, according to Wealth-X - CNBC London: 63 Billionaires Since Last Year: +7 Total Net Worth: $316.1 Billion Richest Resident: Len Blavatnik, $32 Billion America's 50 richest towns in 2020 | Daily Mail Online Known as a center of learning due to the many high caliber universities in the city such as Osaka and Kansai universities, Osaka attracts creative and innovative industries. The 20 Richest ZIP Codes in the USA - MoneyWise 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. 3. 6 and No. Industries critical for L.A.s economic success include entertainment, international trade, gaming, tourism, fashion and more. L.A. makes good use of both job training programs and development projects. New Delhi- GDP $293.6 Billion. Paris, which has topped the ECA list in the past, dropped out of the top 30. 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. The Top 5 Cities in Mexico in 2020. The ideal entry-level account for individual users. Wealthiest cities (amount in billions . It goes without saying that due to its history tourism is a huge draw when it comes to obtaining revenue. These initiatives include the Small Business Improvement Fund, the Chicago Recovery Grant, Special Service Area Program, Tax Increment Financing and more. ", 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. These four cities are, Singapore broke into the top 10, replacing Seoul, which was No. Newcomers from other sectors also joined the ranks, including AI pioneer, Hong Kong remains No. All maps, graphics, flags, photos and original descriptions 2023 worldatlas.com, The World's Most Populated Capital Cities. 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Richest Asian Countries 2023 - worldpopulationreview.com Fortune Global 500 companies include SK Holdings, POSCO, LG Electronics and more. - 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. Boasting a population of over 300,000 resident millionaires, Tokyo is also home to a dozen billionaires. At 89 years old, Warren Buffett is the oldest richest person by 5 years. Many cities in India are densely inhabited, trade between them has improved, and transportation systems have been modernized. Though still bruised and battered by the effects of the pandemic, New York City is holding true to its reputation as a tough and resourceful city. Five are new billionaires from the finance industry, including private equity wizards, . In fact, the average annualy income in these neighborhoods is typically over 100,000. According to various estimates, the Japanese capital is home to 13.1 to 13.7 million people. Its no surprise that its capital city of Damascus has maintained its position as the worlds cheapest city. Rankings Data - Cities and Municipalities Competitive Index - CMCI 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. In 2019, the Northern California city attracted 26.2 million visitors who spent around $10.3 billion USD in the city. The Top 25 Cities in the World in 2020. 50 Largest Cities in the World - 24/7 Wall St. In some U.S. cities, however, more than half of all households earn $70,000-plus. Meanwhile, Barcelona dropped to No. With the onset of free-market reforms in the 1990s, Beijing saw its economic development soar. As a Premium user you get access to background information and details about the release of this statistic. The company currently focuses on its four core brands: Cadillac, Chevrolet, GMC and Buick. Which cities and regions have the biggest concentrations of millionaires around the world, each with a net worth greater than $1 million (USD)? Singapores richest resident. Major metropolitan areas contributing at least 2.5% of world GDP. Home to thousands of millionaires, wealthy Parisian neighborhoods include the 7th Arrondissement, the Boulogne-Billancourt, Saint-Cloud, and Neuilly-sur-Seine. 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. However, this megacity is most famous for its thriving entertainment industry, which pumps billions of dollars into the city's (and country's) economy. For instance, billionaires like Zhang Yiming, founder of TikTok, calls the capital city home (with a net worth of about $35.6 billion USD)! Where Are the Richest Cities in the World? - Upscale Living Mag Show publisher information San Francisco also has the highest median household income in the country. Otherwise, Los Angeles enjoys wealth from other industries related to biosciences, trade, information, transportation, and aerospace. London and the rest of the United Kingdom finally left the European Union on January 31st, 2020. After all, Paris is one of the hotbeds of world tourism, its the city of love and art. Asia is the region with the second most millionaires with six cities in the mix. Let's consider New York City. 12. Japans largest city is home to the Tokyo Stock Exchange, which is one of the largest stock exchanges in Asia by market capitalization. This video will compare the top 50 richest people in the world by net worth in 2020. Penthouses in the 30 Park Place complex are currently listed for 10 times as much. (Video) TOP 10 RICHEST CITIES In The World 2021 (Uncover) Which is the richest city in the world 2022? Sy Siblings Still at Top. 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. Makati City: $4.48 billion. London, United Kingdom: $978.402 Billion, 2. 25 Richest Cities in Europe - WorldlistMania Meanwhile, seven cities in Asia with the common denominator of high-income inequality and low wages dominate the list of the worlds cheapest cities. Besides thriving on industries related to finance, tourism, and media, London's wealth is also linked to the London Stock Exchange (LSE). 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. 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. City of Clayton -$146,225. The USA is the only country with a large surface area and population among the highest-ranking nations, ranking eleventh. Cities may be defined as the cities proper, the extent of their urban area, or their metropolitan regions. Among the top 10 richest economies, Ireland has the fastest-growing economy with 13.04%. Number of individuals with a net worth of $5 million or more: 49,005 Percentage of global population: 1.7% Paris is the capital and most populous city of France, with an estimated population of 2,150,271 residents as of 2020, in an area of 105 square kilometers (41 square miles). The collective net worth of the citys billionaires is $424 billion, down $45.7 billion from a year ago. 7 and Shanghai and Beijing staying flat at No. 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. 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. Loudoun County. Those include Abhay Vakil, who heads Indias largest paint company, Asian Paints, and the Parekh brothers, who control adhesives and sealants maker Pidilite Industries. 29. She finds almost all topics she writes about interesting, but her favorite subjects are travel and food. The TYO encompasses over 3,700 listed companies and a market value estimated at JPY 600 trillion (or approximately $42 billion USD). Moreover, a portion of Beijing's rapid economic growth is the product of international investments, registering over 45,000 foreign-invested businesses in 2020. Richest Places in the World According to a recent study by Forbes, the five richest cities in the world are Tokyo, New York City, Los Angeles, London, and Paris. As a major commercial hub for England, a number of established companies are found in London, such as Unilever, Barclays, BP, and Shell. 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. Richest Countries in the World 2022 | Global Finance Magazine The largest economy in states, New York Citys prosperity is rooted in Wall Street. Using data from Wealth-X, here's a look at the top 10 cities with the highest UHNW populations: It's worth noting that six of the top 10 UHNW cities are in America. Learn more about how Statista can support your business. 4, respectively. Foreign corporations such as IBM, Nestle, Hewlett-Packard and more flooded Beijing, causing a rapid economic expansion. Kuwait (-4) will be the worst loser, followed by The Bahamas (-3) and Iceland (-3). Top 10 Richest Cities in the World In terms of GDP rankings 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! 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. These Are the Richest Cities, Municipalities, and Provinces in the area followed by Delhi, Kolkata, Bangalore and Chennai. It is through the electric car maker Tesla and in space by rocket produced by SpaceX. Kolkata is the third richest city in South Asia after Mumbai and Delhi. This California city is home to prominent billionaires like Mark Zuckerberg, Laurene Powell Jobs, Brian Chesky, and Jack Dorsey, with many of these billionaires possessing assets worth over $8 billion USD. While the cost of living in some of the cities in these nations is low, it comes at the price of a weak currency, poor economy, and, in many cases, political and economic turmoil. 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. Kolkata is house of many Indian corporations like Coal India Limited, ITC Limited, Britannia Industries, Allahabad Bank,. Accessed March 04, 2023. https://www.statista.com/statistics/299494/billionaires-top-cities/, Hurun Research Institute. These cities have a combined GDP of $2.4st trillion, equating to more than double that of second-place San Francisco. Top 50 Richest People in the World - Moneymint The headquarters of several cities are also found in Tokyo, which include Honda, Sony, Hitachi, and Mitsubishi. A massive powerhouse in Seoul is Samsung. 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. In fact, Tokyo plays host to the top money-building organizations and minds anywhere on Earth. Atherton, CA (income: $525,324/ bailout: $3.8 million) - With a median home price of. The country is entirely landlocked and is surrounded by Rwanda, Tanzania, and the Democratic Republic of Congo. 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. Moreover, much of London's wealth is concentrated in neighborhoods like Westminster, Kensington, Islington, and Chelsea. 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 richest cities in the world are determined by their gross domestic product, or GDP. Tripoli and Tehran, the capitals of Libya and Iran, respectively, follow next on this list, reflecting their weakened economies. Some cities have some obvious billionaires that come to mind. These include three Indian cities, Tashkent in Uzbekistan, Almaty in Kazakhstan, Pakistans most populous city of Karachi, and Sri Lankan capitalColombo. Dubai ranks at #6 on the PlanetWare guide, ahead of Singapore, Rome, Istanbul, and Tokyo. Fortune 500 companies include Discovery Communications, Fannie Mae, Walmart and CACI International among others. Global 500 | Fortune Kimberly Noel Kardashian West is an American media personality, socialite, model, businesswoman, producer, and actress. 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.). 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 billionaire's rank, nationality, and source of his or her wealth is listed. 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. This international city has over 192,000 resident millionaires with 34 billionaires. This international city is also attractive to domestic and foreign investors alike. This city's success is due to its industrial and manufacturing activity, made up of a technology-savvy and highly skilled work force. 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. 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. Top 10 Richest Cities in the World - Luxatic 2. "Leading Cities with The Most Billionaires in 2022. Beijing is the capital of China and has a population of over 20 million. 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. Well-known corporations that reside in SEZ are Tencent, Huawei and DJI. Tokyo is the economic hub of Japan and is one of the most important cities in the world for business and finance. $520.1. 2 on the list, but the city recorded a net loss of eight billionaire residents. Travel + Leisure. 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 Hurun Global Rich List 2022, the leading city with the most billionaires in 2022 was Beijing. 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. He is popularly known for his role as Madea on House of Payne.

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