top 50 richest cities in the world 2020

The metropolitan area of Rhine-Ruhr is divided into 3 regions, and each region contributes to the GDP of the entire Rhine-Ruhr metropolitan area. Lets take a closer look at some of the top-ranking cities making the list. 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. 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. Other industries driving their economy are tech, tourism, and the service industries such as hospitality. 6 and No. 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. The richest cities in the world are determined by their gross domestic product, or GDP. This is because they are supposed to get a better idea, Read More When is it OK to Buy a House Site Unseen as an Investor?Continue, You might be thinking of relocating to New Hampshire for work or other reasons. At 35 years old, Mark Zuckerberg is the youngest richest person by more than a decade. GM was the best-performing automobile company in the 20th century but has still maintained a top position among the wealthiest car manufacturers. Dallas plays host to a variety of industries, and its these industries which are responsible for the economic growth of the Dallas metropolitan area. By 900,. For instance, Osaka is home to major electronics corporations like Sharp and Panasonic as well as pharmaceutical companies, food, retail and trading companies. Kuwait (-4) will be the worst loser, followed by The Bahamas (-3) and Iceland (-3). While Shenzhens export-led manufacturers have. Adding to the diversity are biotech companies and information technologies. Houstons economy is diverse, from the worlds largest petrochemical manufacturing center to health care and medical research, real estate, finance, and information tech industries. The infographic above uses data from EIU to rank the world most and least expensive cities to live in. Historically speaking, Osaka has always been thought of as a major economic center of Japan. This is a list of cities in the world by gross domestic product (GDP). With an estimated GDP of $310 billion, Mumbai ranks number one in the list of the richest cities in India. New York is the wealthiest city in the worldhome to 345,600 millionaires with a total private wealth that exceeds $3 trillion. Which Countries Have the Lowest Inflation? 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. San Francisco also relishes in its reputation as the sixth largest economy in the US. These figures were taken after the market close on September 18, 2020. London: 63 Billionaires Since Last Year: +7 Total Net Worth: $316.1 Billion Richest Resident: Len Blavatnik, $32 Billion But what are the fastest growing cities for the rich? In order to recoup losses, in June of 2022, the city of Shanghai released a post-lockdown business recovery plan. Hong Kong remains No. Situated in the southern part of California, Los Angeles is known for its large population of celebrities, tech moguls, and the financially fortunate. 2022 Rankings of Highly Urbanized Cities. 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. Kimberly Noel Kardashian West is an American media personality, socialite, model, businesswoman, producer, and actress. $520.1. 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. It is home to 304,900 resident millionaires, making it the city with the second most millionaires in the world. In the latest edition of the ranking, North America has a strong showing with seven of the wealthiest cities, by number of millionaires. 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. Fortune Global 500 companies include SK Holdings, POSCO, LG Electronics and more. According to the United Nations' latest report on populations in cities, by 2030, "urban areas are projected to house 60 percent of people globally and one in every three people will live in . Here are the 10 leading cities for the wealthy for 2019. 13. Four cities made the list for the first time: Blackhawk, California; New Albany, Ohio; Long Grove, Illinois; and Darnestown, Maryland. Please create an employee account to be able to mark statistics as favorites. Then you can access your favorite statistics via the star in the header. Five are new billionaires from the finance industry, including private equity wizards, . from people staying indoors and spending more time online. Pasay City: $350 million. Asia continues to dominate the list of the worlds least expensive cities, followed by parts of North Africa and the Middle East. Basically, the metropolitan areas of Maastricht. Moreover, much of London's wealth is concentrated in neighborhoods like Westminster, Kensington, Islington, and Chelsea. Aside from establishing the NYSE in the early 19th century (formerly known as the New York Stock and Exchange Board), the city was set in a convenient location for trading, due its proximity to the Hudson River and the Great Lakes. Access to this and all other statistics on 80,000 topics from, Show sources information Much like Shanghai, Beijing enjoys a reputation as one of the Asia's (and the world's) wealthiest cities. Billionaire refers to U.S. dollar billionaire. Show publisher information Additionally, the citys real estate market is known for being expensive, with sky-high property values and rents. New York City is also considered the country's leader in finance due to its storied past. "Leading Cities with The Most Billionaires in 2022. Being China's largest city, Shanghai also houses on of the world's largest ports, due to its proximity to the Yangtze River Delta. The San Francisco Bay Area boasts 276,400 millionaires. The top 10 richest cities in the Philippines. The headquarters of several cities are also found in Tokyo, which include Honda, Sony, Hitachi, and Mitsubishi. 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. A massive powerhouse in Seoul is Samsung. Today, with 272,400 millionaires, the city holds a more humble position. Rounding out the top three cities is Tokyo, with $2.5 trillion in private wealth. 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 Ryan Graves and Pinterest cofounder Ben Silbermann. Besides thriving on industries related to finance, tourism, and media, London's wealth is also linked to the London Stock Exchange (LSE). The list of top 50 richest football clubs in the world ranked by Forbes have been revealed. According to a study by Teleport, Osaka scores well when it comes to affordable housing, community safety, business, and healthcare. 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 Chinese capitals tally of ten-figure-fortunes rose by six since last year to reach 67 billionaires. 50 Richest Countries in the World 2020. Beijing is the capital of China and has a population of over 20 million. Los Angeles, Chicago and Houston round out the top five. ed from the effects of the trade war with the U.S., the citys billionaires added $29.7 billion to their collective net worth since 2019. Its also host to the headquarters of around 75 percent of the worlds Fortune 500 companies. 2 on the list, but the city recorded a net loss of eight billionaire residents. The county seat of Loudoun is in Leesburg, where most administration activities take place. Kolkata is the financial, commercial and industrial hub of the North East region. According to the Hurun Global Rich List 2022, the leading city with the most billionaires in 2022 was Beijing. Its wealthiest resident, , chairman and CEO of Internet media behemoth Tencent Holdings, is the, . Elon Musk Elon Musk is a South African-born Canadian-American businessman, investor & the richest person 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. Furthermore, the Big Apple was also a popular destination for entrepreneurs and innovative businesses, furthering its reputation as a financially-savvy city. A home stands in Atherton, California, U.S., on Tuesday, Feb. 18, 2020. Seoul is a gorgeous city and the economic hub of South Korea. In the U.S., a few tax-friendly states like Texas and Florida became home to American companies moving their head offices there. 10. Among the top 50, Aruba will climb five spots. Beijing also has the dubious distinction of being the knock-off capital of the world. 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. (((61/33)^(1/15))^10)*33 and (((33/21)^(1/15))^10)*21. London and the rest of the United Kingdom finally left the European Union on January 31st, 2020. If you are an admin, please authenticate by logging in again. Manila: $790 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. 1 with $13.9 billion. 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. Industries that have found success in the city include food processing, manufacturing, publishing, insurance and tourism. Looking to the future, companies and high-net-worth individuals will inevitably move where they are treated best. The billionaire's rank, nationality, and source of his or her wealth is listed. Greater Mumbai still is the most populated city in its 440 sq. Mapped: Europes Biggest Sources of Electricity by Country, Visualizing the Scale of Global Fossil Fuel Production, Visualizing U.S. Kolkata is the third richest city in South Asia after Mumbai and Delhi. As of 2020, there is an estimated $3 trillion worth of assets and capital in the city. Singapores richest resident. 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. Learn how your comment data is processed. to incorporate the statistic into your presentation at any time. Its been rapidly replaced by information tech and financial services. Richest Places in the World According to a recent study by Forbes, the five richest cities in the world are Tokyo, New York City, Los Angeles, London, and Paris. 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. After their divorce, MacKenzie received a 4% stake in Amazon, which was worth about $35 billion at the time. 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. Additionally, approximately 18% of Japan's universities are found in Tokyo. 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. - Full Size", "Global Wealth PPP Distribution: Who Are The Leaders Of The Global Economy? China retains its title as the country with the most cities in the top 10, with Shenzhen moving up one spot to No. London City | Photo: Reuters 7. These cities have a combined GDP of $2.4st trillion, equating to more than double that of second-place San Francisco. More than 80% of Russias, call its capital home, including mining mogul. Follow Us. 3. The Top 5 Cities in Mexico. While the cost of living in some of the cities in these nations is low, it comes at the price of a weak currency, poor economy, and, in many cases, political and economic turmoil. Unlike so many other cities bending under the weight of a post-pandemic world, Houstons economy hs gotten stronger. Europe comes in third with five cities, though only London makes into the top 10 portion of the ranking. Surat - City Of Sun. Los Angeles, USA The city of Los Angeles makes significant efforts to foster economic growth in the local community. - 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. Hong Kong is once again the city with the second most billionaires in the world. Are you interested in testing our business solutions? Meanwhile, Barcelona dropped to 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. Paris, which has topped the ECA list in the past, dropped out of the top 30. Washington, District of Columbia: $578.985 Billion, 4. 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. Two of those in Beijing are new billionaires this year: Larry Xiangdong Chen of GSX Techedu and Liu Yachao of TAL Education Group, both of whom own companies that provide online education and after-school tutoring for students. These initiatives include the Small Business Improvement Fund, the Chicago Recovery Grant, Special Service Area Program, Tax Increment Financing and more. The Big Smoke is no stranger to economic prosperity. China is crucial to the worlds supply chain, and Shenzhens container port is one of the largest. We added hundreds of new lists - see our top 101 city lists. The typical American household earns $57,617 per year. Principal industries which were the engine behind Moscows economy are textile, metallurgy, energy, and chemical. (March 17, 2022). Finally, Oceania has two cities on the list, both located in Australia. statistic alerts) please log in with your personal account. Visakhapatnam - Industrial Port Of India. Let's consider New York City. Singapore broke into the top 10, replacing Seoul, which was No. In 2020, New York had the largest number of ultra wealthy individuals (UHNW), reaching 11,475 people. Not surprisingly, China is home to three of these cities, including Hong Kong (SAR). Cities become expensive due to a variety of factors such as high demand for housing, a concentration of high-paying businesses and industries, and a high standard of living. Major sectors there include: real estate and fund management. Los Angeles is a city that takes great strides to encourage economic growth. 6 and No. Founded in 1630, Boston is one of our countries oldest cities. All maps, graphics, flags, photos and original descriptions 2023 worldatlas.com, The World's Most Populated Capital Cities. + - Leaflet | Tiles OpenMapTiles | Data OpenStreetMap contributors Income distibution for all U.S. cities Till 2030, Tokyo city will project to be the top-most populated city on earth. 4, respectively. 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. As a Premium user you get access to background information and details about the release of this statistic. Other industries which influence the economy of Boston include the biotech industry, tourism, finance services and several Fortune 500 companies. 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