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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. Tourism is another major contributor to the economy of Philadelphia. The cannabis business is rather recent, but also encourages financial growth for the city. Other Shanghai entrepreneurs are newcomers to the list, including, , who draws his wealth from express delivery firm ZTO Express, and, , whose anime and entertainment site Bilibili, an uptick in demand after it gave residents of locked down areas. 1. Due to heavy investment into research and development, high-tech companies in Shenzen have consistent government support. Kolkata is house of many Indian corporations like Coal India Limited, ITC Limited, Britannia Industries, Allahabad Bank,. 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. 27. The TYO encompasses over 3,700 listed companies and a market value estimated at JPY 600 trillion (or approximately $42 billion USD). For the first time, revenues from Global 500 companies in Greater China (including Taiwan). Fortune Global 500 companies housed in Moscow include Gazprom, Rosneft Oil and Sistema among others. Profit from the additional features of your individual account. The Big Apple has historically been a hub for trade and investment, due to a buzzing port and its very well connected location, with rivers and canal systems reaching out to the midwest. Standing as one of Russia's largest industrial and financial centre, much of the country's wealth is still tied to this capital city. Another industry that rains gobs of revenue on the City of London is the tourism industry with over 20 million visitors per year. 3. The largest economy in states, New York Citys prosperity is rooted in Wall Street. Macao SAR will climb from 17th in 2020 to 9th in 2021. Chinese energy giants State Grid, China National Petroleum, and Sinopec rounded out the top five. However, invading a sovereign nation had its consequences, and Russias entire economy is in a state of disrepair. 12. 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. Otherwise, Los Angeles enjoys wealth from other industries related to biosciences, trade, information, transportation, and aerospace. City of Clayton -$146,225. 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. 1. The infographic above uses data from EIU to rank the world most and least expensive cities to live in. Its no surprise to anyone that a good chunk of the Paris economy is the tourist trade. Toronto is the second largest financial center in North America, Like New York City, Torontos financial hub is populated by diverse industries. The country is entirely landlocked and is surrounded by Rwanda, Tanzania, and the Democratic Republic of Congo. In 2019, San Francisco's tourism industry resulted in 86,111 jobs. Elon Musk Elon Musk is a South African-born Canadian-American businessman, investor & the richest person in the world. Shibuya Crossing, one of the busiest crosswalks in the world, in Tokyo, Japan Tokyo's wealth is also tied to the Tokyo Stock Exchange (TYO), regarded as one of the largest stock exchanges in the world. 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. Pasig City: $710 million. Five are new billionaires from the finance industry, including private equity wizards Tony Tamer and Steven Klinsky. Indian richest cities 2021. The richest person in New York City is Bloomberg LP founder and former Mayor, $1 billion of his $48 billion fortune on a failed presidential campaign before dropping out in March to endorse Joe Biden. statistic alerts) please log in with your personal account. 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 some U.S. cities, however, more than half of all households earn $70,000-plus. Boasting a population of over 300,000 resident millionaires, Tokyo is also home to a dozen billionaires. 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.. Before the Ukraine invasion, Moscow was the economic hub of Russia. The Top 15 Cities in Asia in 2020. GM was the best-performing automobile company in the 20th century but has still maintained a top position among the wealthiest car manufacturers. Geneva, Switzerland - 17.92% Millionaires. 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. 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. Get full access to all features within our Business Solutions. Its been rapidly replaced by information tech and financial services. Show publisher information London: 63 Billionaires Since Last Year: +7 Total Net Worth: $316.1 Billion Richest Resident: Len Blavatnik, $32 Billion A huge part of this development was the influx of multi-national corporations. At 35 years old, Mark Zuckerberg is the youngest richest person by more than a decade. Pasay City: $350 million. Where are the German and Chinese Cities? - 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. 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. 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. With the onset of free-market reforms in the 1990s, Beijing saw its economic development soar. 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. Being China's largest city, Shanghai also houses on of the world's largest ports, due to its proximity to the Yangtze River Delta. Tokyo is the economic hub of Japan and is one of the most important cities in the world for business and finance. Click on the headers to reorganize columns. 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. Fortune 500 companies located in the Rhine-Ruhr metropolitan area include: ThyssenKrupp AG, RWE AG, Bayer AG, Evonik Industries, among others. Once a leader in the manufacturing industry, that industry has been bowing to more modern industries like high tech, financial services and electronics. In fact, Tokyo plays host to the top money-building organizations and minds anywhere on Earth. Mapped: Which Countries Have the Highest Inflation? Statista. While Shenzhens export-led manufacturers have. Fortune 500 companies include Discovery Communications, Fannie Mae, Walmart and CACI International among others. Alongside its growing wealth, San Francisco is also one of the fastest growing cities in the country. Liz loves the process of researching information, learning new things, and putting into words what others who share her interests might like to read. Travel + Leisure. Liz Flynn has worked as a full-time writer since 2010 after leaving a career in education. The Top 5 Cities in Mexico. Ian Lurie on Quora calls Seattle "one of the most beautiful U.S. cities you'll find, with lots of lakes, the bay, mountains and green stuff.". Learn how your comment data is processed. Visualizing the Global Share of U.S. Stock Markets. 4. Despite suffering a tough downturn due to the pandemic, Shanghai remains one of the worlds richest cities. 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. Burundi GDP Per Capita: 724 Burundi, located in Central Africa, is the number one poorest country in the world by current figures. 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. As a Premium user you get access to background information and details about the release of this statistic. Surat - City Of Sun. Well-known corporations that reside in SEZ are Tencent, Huawei and DJI. Cities may be defined as the cities proper, the extent of their urban area, or their metropolitan regions. 10. 3. Historically speaking, Osaka has always been thought of as a major economic center of Japan. We added hundreds of new lists - see our top 101 city lists. 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. And for the sixth year in a row, more billionaires call New York City home than any other city in the world. About 300 cities have population over 1,00,000. The collective net worth of the citys billionaires is $424 billion, down $45.7 billion from a year ago. Chicago, which serves as the home base for 35 Fortune 500 companies, is home to 160,100 millionaires, 340 centimillionaires and 28 . This city's success is due to its industrial and manufacturing activity, made up of a technology-savvy and highly skilled work force. Its also host to the headquarters of around 75 percent of the worlds Fortune 500 companies. Founded in 1630, Boston is one of our countries oldest cities. Top 10 Richest Asian Countries (2020 GDP, Int$ PPP - World Bank) China - $24.27 trillion; . 1. 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). Currently, 43 Fortune 500 companies that call New York City home include: Verizon, JP Morgan, Pfizer, Citigroup, MetLife, Goldman Sachs, Morgan Stanley, and more. 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. 30 in the index, a. Among the top 10 richest economies, Ireland has the fastest-growing economy with 13.04%. Other profitable sectors include information technology, medical technology, retail, financial and legal sectors. Keep in mind that state-owned corporations in China get tremendous government support no matter what the economic conditions, even Global 500 companies like SAIC Motor and China National Petroleum. Moscow is also home to a population of "nouveau riche" Muscovites and prominent neighborhoods, with properties that can cost millions of dollars. The 10 Best Places to Live in Mexico for Americans, The 20 Cheapest Places to Buy Land in the U.S. 2022, 20 Cities with The Worst Weather in Europe, How Zac Stacy Achieved a Net Worth of $6 Million. Cities in the UAE became millionaire magnets, attracting over 4,000 millionaires in 2022. One dropoff is Rajan Raheja, a member of the citys Raheja real estate clan, who was worth an estimated $2.3 billion last year. Top 10 Poorest Countries In The World 1. Not surprisingly, China is home to three of these cities, including Hong Kong (SAR). More than 80% of Russias billionaires call its capital home, including mining mogul Vladimir Potanin, who is also the richest person in the nation. This international city is also attractive to domestic and foreign investors alike. He worked to revolutionize transportation on earth. Tokyo's wealth is also tied to the Tokyo Stock Exchange (TYO), regarded as one of the largest stock exchanges in the world. Currently, you are using a shared account. Situated in the southern part of California, Los Angeles is known for its large population of celebrities, tech moguls, and the financially fortunate. According to various estimates, the Japanese capital is home to 13.1 to 13.7 million people. You need at least a Starter Account to use this feature. 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Those include, , who heads Indias largest paint company, Asian Paints, and the, , who control adhesives and sealants maker Pidilite Industries. In particular, the United States claims five of the cities in the top 10, including the very top spot with New York City. Despite its picture of wealth, only a small percentage of Seoul's population claim to be wealthy. When Covid struck, global traveling came to a halt, and for a while Macao even slipped out of the 10 richest nations ranking. Penthouses in the 30 Park Place complex are currently listed for 10 times as much. Looking to the future, companies and high-net-worth individuals will inevitably move where they are treated best. Which cities and regions have the biggest concentrations of millionaires around the world, each with a net worth greater than $1 million (USD)? 1. Newsletter. 9 last year. The Shenzhen Special Economic Zone was created in May of 1980 and is based on Irelands Shannon Free Zone. But what are the fastest growing cities for the rich? 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. Beijing, China: $591.374 Billion Beijing is the capital of China and has a population of over 20 million. A little known fact is that L.A. is the manufacturing center of the country. London City | Photo: Reuters 7. 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. "Leading Cities with The Most Billionaires in 2022. Fortune Global 500 companies include SK Holdings, POSCO, LG Electronics and more. Additionally, approximately 18% of Japan's universities are found in Tokyo. [1] The list is limited to the top 50 companies, all of which except Elevance Health have annual revenues exceeding US$140 billion. Delhi city is the second most populated city in the world with a 30,291,000 million population. Mapped: Europes Biggest Sources of Electricity by Country, Visualizing the Scale of Global Fossil Fuel Production, Visualizing U.S. Other notable NYC billionaire residents include hip-hop superstar, , the widow of former Koch Industries magnate. The third-wealthiest country in Asia is Japan, with just over $5.3 trillion. 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. 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.

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