top 50 richest cities in the world 2020

Chicago, which serves as the home base for 35 Fortune 500 companies, is home to 160,100 millionaires, 340 centimillionaires and 28 . 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. Despite being significantly smaller than Los Angeles, San Francisco houses more millionaires than its southern California counterpart. If we're looking at cities in terms of total wealth, then the Big Apple leads the pack by a country mile. Pune - Oxford Of The East. Sy Siblings Still at Top. 2 on the list, but the city recorded a net loss of eight billionaire residents. Other profitable sectors include information technology, medical technology, retail, financial and legal sectors. 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). Each of the columns in the table is sortable by pressing on the arrows at the head of the column: Cities (metropolitan areas) by percentage of national GDP. The Top 15 Cities in Asia in 2020. Principal industries which were the engine behind Moscows economy are textile, metallurgy, energy, and chemical. The wealthy city-state has 31 billionaire residents, up from 22 last year, and replaces Seoul in the top 10. Basically, the metropolitan areas of Maastricht. In the latest edition of the ranking, North America has a strong showing with seven of the wealthiest cities, by number of millionaires. Today, Boston is a center of learning with many stellar educational institutions like MIT and Harvard, which contribute greatly to Bostons economy. Show publisher information Newcomers to the billionaire ranks who live in San Francisco include private equity dealmaker. 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. 10. For instance, billionaires like Zhang Yiming, founder of TikTok, calls the capital city home (with a net worth of about $35.6 billion USD)! Liz loves the process of researching information, learning new things, and putting into words what others who share her interests might like to read. 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. 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. 27. Beijing also has a sizeable billionaire population of 100 people, compared to any other international city. Tripoli and Tehran, the capitals of Libya and Iran, respectively, follow next on this list, reflecting their weakened economies. Current Health Expenditure per Capita. Tokyo is also a major center for banking and insurance, and is home to many multinational companies like Honda and Sony. 2022 Rankings of Highly Urbanized Cities. The Fortune 500 companies hosted by Boston include: State Street, Liberty Mutual Insurance, Gillette and General Electric. This year 92 billionaires live in the Big Apple as their primary residence 8 more than a year ago. About 300 cities have population over 1,00,000. 10. Which cities and regions have the biggest concentrations of millionaires around the world, each with a net worth greater than $1 million (USD)? It had about 2,000 inhabitants at the time. This statistic is not included in your account. Montgomery Street is considered the Wests Wall Street and is located in San Francisco. 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. The city employs 36,000 people and is home to some 75, 00 people. Cebu City: $660 million. Washington, District of Columbia: $578.985 Billion, 4. In order to recoup losses, in June of 2022, the city of Shanghai released a post-lockdown business recovery plan. Lets take a closer look at some of the top-ranking cities making the list. Click on the headers to reorganize columns. Hong Kong remains No. Liz Flynn has worked as a full-time writer since 2010 after leaving a career in education. The Shenzhen Special Economic Zone or SEZ is an important business and financial services center in China. At its peak, General Motors enjoyed a 50% market share in the United States. For example, Moscow's rich neighborhoods like Rublyovka contain private houses that can cost up to $60 to $80 million! Its been rapidly replaced by information tech and financial services. Luxury services also play a significant factor in Paris' economy, acting as a hub for famous brands like Mot, Cartier, and Louis Vuitton. Learn how your comment data is processed. What is the Cost of Living in New Hampshire? Beijing is the capital of China and has a population of over 20 million. 7 and Shanghai and Beijing staying flat at No. He also praises the seafood, arts scene and welcoming atmosphere, though other critics call Seattle residents overly materialistic. The billionaire's rank, nationality, and source of his or her wealth is listed. The collective net worth of the citys billionaires is $424 billion, down $45.7 billion from a year ago. Delhi City. 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! 2013", "Bevolkingsontwikkeling; Regionale kerncijfers Nederland", "Bevolkingsontwikkeling; regio per maand", "Regional gross domestic product: Year ended March 2020", "2016 Census Community Profiles: Ballarat", "2016 Census Community Profiles: Bendigo", "The top 15 Indian cities by GDP | India's top 15 cities with the highest GDP - Yahoo India Finance", "Estimates of District Domestic Product Madhya Pradesh", "Federal Statistical Office Germany - GENESIS-Online", "Dossier on the Metropolitan City of Bologna", "Regionales Energiekonzept fr den Groraum Braunschweig", "Regional GDP per capita ranged from 31% to 626% of the EU average in 2017", "1.1 Valoarea produsului intern brut pe judee i regiuni", "Regional Population: Population estimates by Significant Urban Area, 2009 to 2019", "The Online Journal of McKinsey & Company", "Statistical Communiqu of Changsha City on the 2020 National Economic and Social Development", "Regional GDP per capita in the EU in 2010", "Regional economic activity by gross value added (balanced), UK: 1998 to 2017", "Yearly Average Currency Exchange Rates | Internal Revenue Service", "Population on 1 January by age groups and sex functional urban areas", "Tanzania: GDP at current prices, by region", "Dhaka, Bangladesh GDP and Income Distribution", "China: Shndng (Prefectures, Cities, Districts and Counties) - Population Statistics, Charts and Map", "Gross Domestic Product (GDP) of the Emirate of Dubai 20062008", "Bilancio demografico anno 2015 e popolazione residente al 31 dicembre; Comune: Firenze", "Posio ocupada pelos 100 maiores municpios, em relao ao Produto Interno Bruto", "Department of Statistics Malaysia Official Portal", "Gross domestic product (GDP) at current market prices by metropolitan regions", "Significant Urban Area (SUA) ASGS Edition 2016 in .csv Format", "Bilan dmographique selon le niveau gographique institutionnel", "US Dollar to British Pound Spot Exchange Rates for 2022", "2016 Census Community Profiles: Gladstone Tannum Sands", "OECD - Metropolitan areas - Population, all ages", "3218.0 Regional Population Growth, Australia, 2017-18: Population Estimates by Significant Urban Area, 2008 to 2018", "Metropolitan Employment Area (MEA) Data", "Regional GDP per capita ranged from 30% to 263% of the EU average in 2018", "Hanoi's economic growth hits 4-year high of 7.62% in 2019", "3218.0 Regional Population Growth, Australia, 2017-18: Main Features", "Report for Selected Countries and Subjects", "DocSend - Simple, intelligent, modern content sending", "Estimates of District Domestic Product of Rajasthan for 2020-21", 2015 Census Final Data " 27 | | ", "Karachi Mega-Cities Preparation Project", "Bevlkerung nach Nationalitt und Bundeslndern", "Rodikli duomen baz - Oficialiosios statistikos portalas", https://worldpopulationreview.com/countries/cities/australia%7Caccess-date=2021-05-02%7Cwebsite=worldpopulationreview.com}}, "District Domestic Product Estimates Uttar Pradesh Year 2019-20", "World Economic Outlook Database, October 2019", "Bevlkerung der Gemeinden am 31.12.2010", "Population and employment / IMSEE - Monaco IMSEE", "Mumbai 17th in global GDP list, says survey", "Mumbai and Delhi rank as 5th and 6th largest cities in Asia with a GDP of over $400 bn: JLL 'Global 300' Rankings", "District Domestic Product of Maharashtra 2011-12 to 2019-20", "Bruttoinlandsprodukt in den Metropolregionen in Deutschland 2014 | Statistik", https://web.archive.org/web/20150924002318/http://www.espon.eu/export/sites/default/Documents/Projects/ESPON2006Projects/StudiesScientificSupportProjects/UrbanFunctions/fr-1.4.3_April2007-final.pdf, "Directorate of Economics and Statistics", https://ec.europa.eu/eurostat/documents/2995521/10474907/1-05032020-AP-EN.pdf/81807e19-e4c8-2e53-c98a-933f5bf30f58&ved=2ahUKEwi-u5GHnujpAhUOuIsKHaOlDG0QFjACegQIBRAJ&usg=AOvVaw0NnWnyaFRad5NgG3NGcbJP&cshid=1591276979492, "City of Tshwane, Metropolitan Municipality 799 from Census 2011", "PIB por Entidad Federativa (PIBE) en 2019, Base 2013", European Spatial Planning Observation Network, "Gross domestic product in regions | Oficils statistikas portls", "METRO - "The role and future perspectives of Cohesion Policy in the planning of Metropolitan Areas and Cities", "IBGE: SALVADOR ocupa 22 lugar no ranking per capita do PIB/2011", "Shanghai first Chinese city to top 3 trillion yuan GDP", "3218.0 Regional Population Growth, Australia, 201718: Population Estimates by Significant Urban Area, 2008 to 2018", "Aire d'attraction des villes 2020 de Strasbourg (partie franaise) (010)", "Population, 1 January by Year, County, Sex and Age group", " ", "Tel Aviv 2022 Global Business Cities Report", "Tokelau's Gross Domestic Product determined for first time this century", Final population counts: 2016 Tokelau Census, "Popolazione Residente al 1 Gennaio 2020", "Demo-Geodemo. With the onset of free-market reforms in the 1990s, Beijing saw its economic development soar. It goes without saying that due to its history tourism is a huge draw when it comes to obtaining revenue. As soon as this statistic is updated, you will immediately be notified via e-mail. 9 last year. Once considered a major shipping hub to the world, that distinction has been replaced by the service industries, such as financial services. This includes the burgeoning FinTech, or financial technology industries. In terms of asset management, FinTech, and ESG investment, Tokyos continued growth as the worlds most foremost economies appears secured. Are you interested in testing our business solutions? Fortune 500 companies located in the Rhine-Ruhr metropolitan area include: ThyssenKrupp AG, RWE AG, Bayer AG, Evonik Industries, among others. However, this megacity is most famous for its thriving entertainment industry, which pumps billions of dollars into the city's (and country's) economy. 6 and No. 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. area followed by Delhi, Kolkata, Bangalore and Chennai. Once a top contender in manufacturing, today manufacturing revenue covers only around 10 percent of the economy. In fact, Tokyo plays host to the top money-building organizations and minds anywhere on Earth. 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. L.A. is also abuzz with development projects, such as refurbishing businesses like Manns Chinese Theater, as well as infrastructure projects. San Francisco also has the highest median household income in the country. This is a list of cities in the world by gross domestic product (GDP).The United Nations uses three definitions for what constitutes a city, as not all cities may be classified using the same criteria. Among the top 50, Aruba will climb five spots. Furthermore, Tokyo owns 10% and close to 16% of Japan's officespace and workers, respectively. 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. 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. Pasig City: $710 million. Asia continues to dominate the list of the worlds least expensive cities, followed by parts of North Africa and the Middle East. The country is entirely landlocked and is surrounded by Rwanda, Tanzania, and the Democratic Republic of Congo. The USA is the only country with a large surface area and population among the highest-ranking nations, ranking eleventh. Learn more about how Statista can support your business. Zurich, Switzerland - 27.34% Millionaires. China retains its title as the country with the most cities in the top 10, with Shenzhen moving up one spot to No. Please do not hesitate to contact me. 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. 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. Paris, which has topped the ECA list in the past, dropped out of the top 30. Like the other cities mentioned in our list of the richest cities of the world, the economy of Washington, D.C. is a diverse one. Adding to the diversity are biotech companies and information technologies. Kuwait (-4) will be the worst loser, followed by The Bahamas (-3) and Iceland (-3). 1. 7 and Shanghai and Beijing staying flat at No. 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. 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. 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. These initiatives include the Small Business Improvement Fund, the Chicago Recovery Grant, Special Service Area Program, Tax Increment Financing and more. Los Angeles, USA The city of Los Angeles makes significant efforts to foster economic growth in the local community. The cannabis business is rather recent, but also encourages financial growth for the city. In fact, Seoul is known as the most wired city in the world due to the high concentration of high-tech industries. We added hundreds of new lists - see our top 101 city lists. The United Nations uses three definitions for what constitutes a city, as not all cities may be classified using the same criteria. Business Solutions including all features. Mumbai - City Of Dreams. Macao SAR will climb from 17th in 2020 to 9th in 2021. 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. 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Access to this and all other statistics on 80,000 topics from, Show sources information 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. A big economic draw for San Francisco is its close proximity to Silicon Valley. Besides thriving on industries related to finance, tourism, and media, London's wealth is also linked to the London Stock Exchange (LSE). Situated in the southern part of California, Los Angeles is known for its large population of celebrities, tech moguls, and the financially fortunate. Get full access to all features within our Business Solutions. The Rhine-Ruhr metropolitan area is the economic power house of Germany. The LSE is one of the largest stock exchanges in Europe, encompassing assets from over 2,400 companies, with many of these companies using London as their central headquarters. 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. Rankings of Cities and Municipalities are based on the sum of their scores on 4 Pillars: Economic Dynamism, Government Efficiency, Infrastructure, Resiliency, and Innovation.Provincial rankings are based on population and income weighted average of the Overall scores of cities and municipalities under a province. 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. Air Cargo News Awards 2020. dnata wins again. In fact, such diversity plays well in times of economic hardship, which includes the recent downturn caused by the pandemic. Geneva, Switzerland - 17.92% Millionaires. 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. 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.. 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. Moscow is also home to a population of "nouveau riche" Muscovites and prominent neighborhoods, with properties that can cost millions of dollars. The city of rich historical, cultural, political and social significance, New Delhi, ranks second on this list with a GDP of $293.6 billion. Other industries driving their economy are tech, tourism, and the service industries such as hospitality. For instance, Osaka is home to major electronics corporations like Sharp and Panasonic as well as pharmaceutical companies, food, retail and trading companies. 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, . Ahmedabad - Textile Hub Of India. Its no surprise that its capital city of Damascus has maintained its position as the worlds cheapest city. 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. As such, you can see how anything affecting these shipping ports will have a negative impact on world wide supply chain logistics. Singapore broke into the top 10, replacing Seoul, which was No. One dropoff is Rajan Raheja, a member of the citys Raheja real estate clan, who was worth an estimated $2.3 billion last year. Then you can access your favorite statistics via the star in the header. . New York's richest person and former mayor, Michael Bloomberg, is worth $59 billion. - 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. Monaco - 29.21% Millionaires. Register in seconds and access exclusive features. Meanwhile, seven cities in Asia with the common denominator of high-income inequality and low wages dominate the list of the worlds cheapest cities. 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. Consumption of Fuel and Materials per Capita, Visualizing Chinas Dominance in Battery Manufacturing (2022-2027P), Mapped: The Population of Indias States Compared with Countries. Among the top 10 richest economies, Ireland has the fastest-growing economy with 13.04%. 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. Fortune 500 companies include Discovery Communications, Fannie Mae, Walmart and CACI International among others. Looking to the future, companies and high-net-worth individuals will inevitably move where they are treated best. Newsletter. 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. Surat - City Of Sun. If youre looking, Read More The 20 Cheapest Places to Buy Land in the U.S. 2022Continue. Japans largest city is home to the Tokyo Stock Exchange, which is one of the largest stock exchanges in Asia by market capitalization. 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. 4. 4, respectively. Cities in the UAE became millionaire magnets, attracting over 4,000 millionaires in 2022. The Chinese capitals tally of ten-figure-fortunes rose by six since last year to reach 67 billionaires. Foreign corporations such as IBM, Nestle, Hewlett-Packard and more flooded Beijing, causing a rapid economic expansion. When Covid struck, global traveling came to a halt, and for a while Macao even slipped out of the 10 richest nations ranking. Kolkata is house of many Indian corporations like Coal India Limited, ITC Limited, Britannia Industries, Allahabad Bank,. 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 Seven cities have population more than 3 million. After all, Paris is one of the hotbeds of world tourism, its the city of love and art. Toronto is the second largest financial center in North America, Like New York City, Torontos financial hub is populated by diverse industries. Newcomers from other sectors also joined the ranks, including AI pioneer, Hong Kong remains No.

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