Learn more about how Statista can support your business. These Are the Richest Cities, Municipalities, and Provinces in the 12. 50 Richest Countries in the World 2020. He also praises the seafood, arts scene and welcoming atmosphere, though other critics call Seattle residents overly materialistic. The city-state of Singapore is the wealthiest country in Asia, with a per-capita GDP of . Additionally, the citys real estate market is known for being expensive, with sky-high property values and rents. [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. Please do not hesitate to contact me. Tokyo may not be as wealthy as New York, but this megacity remains one of the richest cities in Asia. 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, . 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. Many cities in India are densely inhabited, trade between them has improved, and transportation systems have been modernized. London is ranked second with $2.7 billion in private wealth. San Francisco has a rich economic history,,one that includes the wealth generated by the California Gold Rush. $516.5. We added hundreds of new lists - see our top 101 city lists. The wealthy city-state has 31 billionaire residents, up from 22 last year, and replaces Seoul in the top 10. Beijing is the capital of China and has a population of over 20 million. The typical American household earns $57,617 per year. In an attempt to rank the cities of the world according to wealth, we will use the Purchasing Power Parity (PPP) as a means of comparison. Which Countries are Buying Russian Fossil Fuels? The richest country in the world is Luxembourg. In 2020, New York had the largest number of ultra wealthy individuals (UHNW), reaching 11,475 people. Mapped: The Top 10 Billionaire Cities - Visual Capitalist The 150 richest cities in the world by GDP in 2020 11 March 2007: The tables provide GDP figures for cities and their surrounding urban areas in 2020. For the fourth straight year, Atherton topped Bloomberg's Richest Places annual index. Burundi GDP Per Capita: 724 Burundi, located in Central Africa, is the number one poorest country in the world by current figures. The Southeast Asian city-state gained nine new billionaires since 2019, while the South Korean capital recorded a net loss of ten members of the three-comma-club. In other words, the city produces poor copies of everything from designer fashions to scooters. Penthouses in the 30 Park Place complex are currently listed for 10 times as much. Top 10 Richest Asian Countries (2020 GDP, Int$ PPP - World Bank) China - $24.27 trillion; . the country's economy as a whole is one of the fastest growing in the world. This is due in part to the countrys strong economic growth and favorable business environment, which has attracted many wealthy individuals and families to the country. According to the Hurun Global Rich List 2022, the leading city with the most billionaires in 2022 was Beijing. 27. A huge part of this development was the influx of multi-national corporations. Five are new billionaires from the finance industry, including private equity wizards Tony Tamer and Steven Klinsky. from people staying indoors and spending more time online. Then you can access your favorite statistics via the star in the header. Florence, Italy - 2.59% 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. 2022 Rankings of Highly Urbanized Cities. , a member of the citys Raheja real estate clan, who was worth an estimated $2.3 billion last year. Apart from the cost of a home, examining how, Read More What is the Cost of Living in New Hampshire?Continue, Mexicos proximity to the US makes it a hugely popular option for American expats and retirees. 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. Despite suffering a tough downturn due to the pandemic, Shanghai remains one of the worlds richest cities. 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. As a Premium user you get access to background information and details about the release of this statistic. [3] List [ edit] Leading cities with the most billionaires in 2022 [Graph]. Monaco - 29.21% Millionaires. 50 Richest Cities in the World | Ventured The country is entirely landlocked and is surrounded by Rwanda, Tanzania, and the Democratic Republic of Congo. Boston-Cambridge-Newton, Massachusetts. Other companies crucial to Seouls economic health include: Kia, Daewoo and Hyundai. As soon as this statistic is updated, you will immediately be notified via e-mail. Tokyo, Japan- GDP: $1,520 billion. It checks all the boxes when it comes to being an economically successful place: physical connectedness (ports, rivers, public transporatation), investment opportunities (access to venture capital), and attracting a crowd of skilled individuals from around the globe, nurturing a culture of innovation. In the list of Forbes' Philippines' 50 Richest 2020, the Sy siblings remain at the number one spot of Philippines' Rich List for this year with a net worth of $13.9 Billion despite losing $3.3 Billion due to the pandemic. The cities shown in our visualization are already well-established locations for high-net-worth individuals. It is through the electric car maker Tesla and in space by rocket produced by SpaceX. New York's richest resident, 476 Washington Avenue, former mayor Michael Bloomberg, has a net worth of $45 billion, making him one . This is a list of cities in the world by gross domestic product (GDP). Other profitable sectors include information technology, medical technology, retail, financial and legal sectors. These four cities are, Singapore broke into the top 10, replacing Seoul, which was No. Seven cities have population more than 3 million. You need at least a Starter Account to use this feature. As such, you can see how anything affecting these shipping ports will have a negative impact on world wide supply chain logistics. About 300 cities have population over 1,00,000. Much like Shanghai, Beijing enjoys a reputation as one of the Asia's (and the world's) wealthiest 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. Well-known corporations that reside in SEZ are Tencent, Huawei and DJI. New York's richest person and former mayor, Michael Bloomberg, is worth $59 billion. 10. Geneva, Switzerland - 17.92% Millionaires. 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. 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