top 50 richest cities in the world 2020

We added hundreds of new lists - see our top 101 city lists. 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. And for the sixth year in a row, more billionaires call New York City home than any other city in the world. The infographic above uses data from EIU to rank the world most and least expensive cities to live in. The collective net worth of the citys billionaires is $424 billion, down $45.7 billion from a year ago. 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.". Of the top 50, the city with the biggest jump in the rankings was Austin, Texas, which moved up 18 spots from 2017 to claim No. Let me take you through the updated list of the World's richest cities as of 2022. 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. Japans largest city is home to the Tokyo Stock Exchange, which is one of the largest stock exchanges in Asia by market capitalization. The richest country in the world is Luxembourg. 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. 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. With the onset of free-market reforms in the 1990s, Beijing saw its economic development soar. - 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. Here are the 10 leading cities for the wealthy for 2019. 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. 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. Visakhapatnam - Industrial Port Of India. [3] List [ edit] Being the largest city of the country, Mumbai is extensively . 50 Richest Countries in the World 2020. Moscow is also home to a population of "nouveau riche" Muscovites and prominent neighborhoods, with properties that can cost millions of dollars. I cover the world's richest people and how they made their billions. 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. Other industries which influence the economy of Boston include the biotech industry, tourism, finance services and several Fortune 500 companies. 12. Among the top 50, Aruba will climb five spots. Once a top contender in manufacturing, today manufacturing revenue covers only around 10 percent of the economy. Accessed March 04, 2023. https://www.statista.com/statistics/299494/billionaires-top-cities/, Hurun Research Institute. A huge part of this development was the influx of multi-national corporations. Adding to the diversity are biotech companies and information technologies. 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. When is it OK to Buy a House Site Unseen as an Investor? Devoted to encouraging economic development, Chicagos Department of Planning and Development has a number of economic development initiatives. Cairo Cairo Pyramids Hotel - Cairo, Egypt (photo: Marriott) ADVERTISEMENT Located along the Nile River, Cairo is one of the. 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. Travel + Leisure. Surat - City Of Sun. Florence, Italy - 2.59% Millionaires. Boasting a population of over 300,000 resident millionaires, Tokyo is also home to a dozen billionaires. Pasay City: $350 million. 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. 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. 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. At 89 years old, Warren Buffett is the oldest richest person by 5 years. The ideal entry-level account for individual users. After all, Paris is one of the hotbeds of world tourism, its the city of love and art. New York's richest person and former mayor, Michael Bloomberg, is worth $59 billion. Liz loves the process of researching information, learning new things, and putting into words what others who share her interests might like to read. 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. Today, Boston is a center of learning with many stellar educational institutions like MIT and Harvard, which contribute greatly to Bostons economy. 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. City employment is driven by AT & T, Walgreens, Abbott Labs, the CTA, Walmart and Allstate Insurance, among others. To this day, Macao is the only country on the list whose per-capita purchasing power is lower than it was before the start of the pandemicabout $125,000 in 2019, down by $40,000 today. San Ramon ranks among the top ten safest cities in California. statistic alerts) please log in with your personal account. 1 with $13.9 billion. The international city of romance boasts an economically wealthy status. Till 2030, Tokyo city will project to be the top-most populated city on earth. - Full Size", "Global Wealth PPP Distribution: Who Are The Leaders Of The Global Economy? 9 last year. How does a city become one of the wealthiest in the world? Seoul is a gorgeous city and the economic hub of South Korea. from people staying indoors and spending more time online. 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. It goes without saying that due to its history tourism is a huge draw when it comes to obtaining revenue. 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. You need a Statista Account for unlimited access. Mumbai - City Of Dreams. On this list, New York City was ranked as the richest city with a total of $3 trillion in private wealth. 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. 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. Hong Kong remains No. For instance, the city of New York is a metropolitan area made up of 5 boroughs with each borough contributing to the cities overall GDP. The billionaire's rank, nationality, and source of his or her wealth is listed. She was the wife of Jeff Bezos, founder of Amazon. When Covid struck, global traveling came to a halt, and for a while Macao even slipped out of the 10 richest nations ranking. Toronto is the second largest financial center in North America, Like New York City, Torontos financial hub is populated by diverse industries. Media mogul turned politician Michael Bloomberg, founder of Bloomberg, is the . Most affluent women worldwide 2022, by net worth, Worldwide wealth distribution by net worth of individuals 2021, Countries with the highest wealth per adult 2021. In order to recoup losses, in June of 2022, the city of Shanghai released a post-lockdown business recovery plan. 4, respectively. The wealthy city-state has 31 billionaire residents, up from 22 last year, and replaces Seoul in the top 10. A home stands in Atherton, California, U.S., on Tuesday, Feb. 18, 2020. 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. Penthouses in the 30 Park Place complex are currently listed for 10 times as much. 2 on the list, but the city recorded a net loss of eight billionaire residents. The collective net worth of the citys billionaires is $424 billion, down $45.7 billion from a year ago. When determining the GDP, the UN classifies 3 methods to determine it: City proper, urban area and metropolitan regions.. Our numbers for the richest cities in the world are based on the metropolitan statistical region. the country's economy as a whole is one of the fastest growing in the world. The Shenzhen Special Economic Zone or SEZ is an important business and financial services center in China. 1. As of 2020, there is an estimated $3 trillion worth of assets and capital in the city. One dropoff is. In some U.S. cities, however, more than half of all households earn $70,000-plus. 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. Kolkata- GDP $150.1 Billion. At 35 years old, Mark Zuckerberg is the youngest richest person by more than a decade. Los Angeles, USA The city of Los Angeles makes significant efforts to foster economic growth in the local community. Among the top 50 economies having the highest gdp per capita, Macao SAR . The San Francisco Bay Area boasts 276,400 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. Facebook: quarterly number of MAU (monthly active users) worldwide 2008-2022, Quarterly smartphone market share worldwide by vendor 2009-2022, Number of apps available in leading app stores Q3 2022, Profit from additional features with an Employee Account. As such when it comes to the richest cities in the world, New York City comes in at number 2. London and the rest of the United Kingdom finally left the European Union on January 31st, 2020. A massive powerhouse in Seoul is Samsung. 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,. 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. Tokyo may not be as wealthy as New York, but this megacity remains one of the richest cities in Asia. Lower down the list So, which cities are lower ranked than in previous years? Tourism is another major contributor to the economy of Philadelphia. 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, . Washington, D.C.. Geneva, Switzerland - 17.92% Millionaires. Atherton, CA (income: $525,324/ bailout: $3.8 million) - With a median home price of. Access to this and all other statistics on 80,000 topics from, Show sources information Moreover, a portion of Beijing's rapid economic growth is the product of international investments, registering over 45,000 foreign-invested businesses in 2020. Its also host to the headquarters of around 75 percent of the worlds Fortune 500 companies. The top ten richest cities in the world based on private wealth include: 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. Dublin is the wealthiest city, with a per capita income of $115,094. Loudoun County. The wealthy city-state has 31 billionaire residents, up from 22 last year, and replaces Seoul in the top 10. London is ranked second with $2.7 billion in private wealth. The Football Lovers Menu News Premier League Manchester City Manchester United Liverpool Chelsea Arsenal Leicester City Tottenham Hotspur West Ham United Everton Transfers Top 10 Quizzes By examining a cities GDP, we can get a good idea of its industries and how they contribute to the overall economic growth. "The Sy siblings took the biggest hit in dollar terms but remain at No. Industries that contribute to New York Citys economy are health care, tourism, real estate, tech, publishing, fashion, media and insurance, among others. Tokyo has 39 million residents which are 50% more than any other urban area of the world. On a related note, there is a sizeable population of secondary homeowners in London. Once a leader in the manufacturing industry, that industry has been bowing to more modern industries like high tech, financial services and electronics. Currently, 43 Fortune 500 companies that call New York City home include: Verizon, JP Morgan, Pfizer, Citigroup, MetLife, Goldman Sachs, Morgan Stanley, and more. 1. About 300 cities have population over 1,00,000. These are of very low quality and should be avoided. The Top 15 Cities in Asia in 2020. 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.

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