One dropoff is. 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. Those include, , who heads Indias largest paint company, Asian Paints, and the, , who control adhesives and sealants maker Pidilite Industries. Singapore is home to 249,800 millionaires making it the second richest city in Asia after Tokyo. Since 1949, Beijing was considered one of China's most industrial cities. This international city is also attractive to domestic and foreign investors alike. A massive powerhouse in Seoul is Samsung. StartupTalky has compiled an exhaustive list of the top richest people in India for the year 2022. Moreover, when it comes to its residents, there are about 9,210 multi-millionaires calling London home, as well as 38 billionaires. The city with one of the most expensive real estate markets worldwide, Hong Kong ranked fourth in this list, followed by Los Angeles, which moved up from its ninth rank in 2021. Fortune 500 companies include Comcast, Colonial Penn, Sunoco, Aramark, CIGNA, Lincoln Financial Group, and more. Source: Forbes Music: Beethoven 5th Symphony As a Premium user you get access to the detailed source references and background information about this statistic. According to various estimates, the Japanese capital is home to 13.1 to 13.7 million people. Loudoun County is the richest county in the USA, with an estimated average household income of $ 117,876. According to the Hurun Global Rich List 2022, the leading city with the most billionaires in 2022 was Beijing. 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,. Its no surprise to anyone that a good chunk of the Paris economy is the tourist trade. 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. Mumbai gained one billionaire resident since 2019, losing five billionaires but adding six newcomers. 50 Richest Countries in the World 2020. Its wealthiest resident, , chairman and CEO of Internet media behemoth Tencent Holdings, is the, . Beijing is the capital of China and has a population of over 20 million. Two of those in Beijing are new billionaires this year: of TAL Education Group, both of whom own companies that provide online education and after-school tutoring for students. As a major commercial hub for England, a number of established companies are found in London, such as Unilever, Barclays, BP, and Shell. 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. Richest Cities in the World. According to Jennifer Reynolds, Pre4sident and CEO of Toronto Finance International, Torontos success is due in large part to the strength and significant growth of its financial industry. The Richest Cities are shown below, based on GDP (Gross Domestic Product) data from 2011. San Francisco also relishes in its reputation as the sixth largest economy in the US. 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. Los Angeles is not California's only wealthy city! Sy Siblings Still at Top. This includes the burgeoning FinTech, or financial technology industries. from people staying indoors and spending more time online. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Sweeping sunsets, desert landscape, and breathtaking canyonsthese are the things that most everyone think of when someone says Arizona. Kolkata- GDP $150.1 Billion. 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! This video will compare the top 50 richest people in the world by net worth in 2020. Fortune Global 500 companies include SK Holdings, POSCO, LG Electronics and more. Liz Flynn has worked as a full-time writer since 2010 after leaving a career in education. New York is the wealthiest city in the worldhome to 345,600 millionaires with a total private wealth that exceeds $3 trillion. Moreover, a portion of Beijing's rapid economic growth is the product of international investments, registering over 45,000 foreign-invested businesses in 2020. The Top 5 Cities in Mexico in 2020. Its wealthiest resident, Ma Huateng, chairman and CEO of Internet media behemoth Tencent Holdings, is the second-richest person in China, after Alibaba cofounder Jack Ma. . In fact, Tokyo plays host to the top money-building organizations and minds anywhere on Earth. Penthouses in the 30 Park Place complex are currently listed for 10 times as much. All maps, graphics, flags, photos and original descriptions 2023 worldatlas.com, The World's Most Populated Capital Cities. 11. The Shenzhen Special Economic Zone or SEZ is an important business and financial services center in China. According to a study by Teleport, Osaka scores well when it comes to affordable housing, community safety, business, and healthcare. 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. Luxury services also play a significant factor in Paris' economy, acting as a hub for famous brands like Mot, Cartier, and Louis Vuitton. As of 2020, there is an estimated $3 trillion worth of assets and capital in the city. Additionally, the citys real estate market is known for being expensive, with sky-high property values and rents. $516.5. 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. Singapores richest resident. Indian richest cities 2021. Even though the city was riddled with the effects of the pandemic, Job growth occurred with another 5,700 jobs added. Besides being a major educational hub and commercial space, Tokyo's economy relies on industries related to healthcare, communications, transportation, and real estate. Los Angeles is a city that takes great strides to encourage economic growth. Despite suffering a tough downturn due to the pandemic, Shanghai remains one of the worlds richest cities. 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? [3] The methodology of calculating GDP may differ between the studies and are widely based on projections and sometimes approximate estimations, notably for cities that are not within the Organisation for Economic Co-operation and Development. 1. 1. The country is entirely landlocked and is surrounded by Rwanda, Tanzania, and the Democratic Republic of Congo. Mumbai gained one billionaire resident since 2019, losing five billionaires but adding six newcomers. Its also host to the headquarters of around 75 percent of the worlds Fortune 500 companies. Some of them have topped the rankings for decades, while some others are less well-known. Among the top 50 economies having the highest gdp per capita, Macao SAR . Cairo Cairo Pyramids Hotel - Cairo, Egypt (photo: Marriott) ADVERTISEMENT Located along the Nile River, Cairo is one of the. 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. The typical American household earns $57,617 per year. A good part of their revenue comes from their port, which is the largest container port in the world. Tokyo is the most fascinating city to live in but also the most densely packed. China is crucial to the worlds supply chain, and Shenzhens container port is one of the largest. 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. 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. 1. Boasting a financially fruitful economy, the Big Apple is known for its abundantly wealthy population, with a the collective wealth of over $3 trillion USD. Well-known corporations that reside in SEZ are Tencent, Huawei and DJI. In some U.S. cities, however, more than half of all households earn $70,000-plus. The TYO encompasses over 3,700 listed companies and a market value estimated at JPY 600 trillion (or approximately $42 billion USD). Monaco - 29.21% Millionaires. Use Ask Statista Research Service. London City | Photo: Reuters 7. China retains its title as the country with the most cities in the top 10, with Shenzhen moving up one spot to No. $520.1. "Leading cities with the most billionaires in 2022." These four cities are, Singapore broke into the top 10, replacing Seoul, which was No. Cities in the UAE became millionaire magnets, attracting over 4,000 millionaires in 2022. Reportedly, the top 20% earners in the city have an average salary of over $280,000 USD, with the top 5% earning over $530,000 USD. The PPP is a way to meaure prices in different countries (and ultimate convert between currencies), based on the equal amount of goods and services that can be bought. American retail corporation Walmart has been the world's largest company by revenue since 2014.
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