Known as a center of learning due to the many high caliber universities in the city such as Osaka and Kansai universities, Osaka attracts creative and innovative industries. 1. Moreover, a portion of Beijing's rapid economic growth is the product of international investments, registering over 45,000 foreign-invested businesses in 2020. Countries that want to attract wealthy individuals will have to apply tax-friendly policies along with other factors such as quality of life, safety, education, and access to amenities that ultra-wealthy residents value. 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. 3. Most of the cities in our list have a similar history in terms of long-standing economical power (Tokyo, Paris, London), while others seem to have gained most of their wealth in the past 2 to 3 decades (San Francisco.). Moscow. 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. 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. He is worth $1 billion, becoming the richest actor in the world. Tokyo is the most fascinating city to live in but also the most densely packed. 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. Pasig City: $710 million. New York, U.S . Here are the 10 leading cities for the wealthy for 2019. By 2025, the city's GDP would have  Everything from financial services, fashion, digital media, the food/beverage industry and tech found a home in Toronto. Dallas is known to attract innovation, and one look at some of the top companies in Dallas proves it: AT & T, Texas Instruments, Pinnacle Group, Solera and Capital Networks, among others. 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 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. The billionaire's rank, nationality, and source of his or her wealth is listed. The city-state of Singapore is the wealthiest country in Asia, with a per-capita GDP of . South Koreas Wall Street is the Korea Exchange in Yeoui Island. The company currently focuses on its four core brands: Cadillac, Chevrolet, GMC and Buick. 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. Wealthiest cities (amount in billions . Among Singapores newcomers are gaming tycoons, , cofounders of the online gaming and e-commerce firm Sea; both industries have. In the U.S., a few tax-friendly states like Texas and Florida became home to American companies moving their head offices there. But the Nations Valentine has so much more to offer. 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. Cities may be defined as the cities proper, the extent of their urban area, or their metropolitan regions. Tokyo may not be as wealthy as New York, but this megacity remains one of the richest cities in Asia. 10. You need a Statista Account for unlimited access. 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. statistic alerts) please log in with your personal account. Los Angeles, Chicago and Houston round out the top five. The Chinese capitals tally of ten-figure-fortunes rose by six since last year to reach 67 billionaires. Liz Flynn has worked as a full-time writer since 2010 after leaving a career in education. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Register in seconds and access exclusive features. Singapore broke into the top 10, replacing Seoul, which was No. The infographic above uses data from EIU to rank the world most and least expensive cities to live in. New York is the wealthiest city in the worldhome to 345,600 millionaires with a total private wealth that exceeds $3 trillion. Beyonc, Jay Z and Taylor Swift are just a few of the celebrities who own property in Tribeca. 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. Japans largest city is home to the Tokyo Stock Exchange, which is one of the largest stock exchanges in Asia by market capitalization. The ideal entry-level account for individual users. Kicking off the list is the charming Italian city of Florence - which is kind of surprising. 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. Singapores richest resident. Industries critical for L.A.s economic success include entertainment, international trade, gaming, tourism, fashion and more. 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. Once considered a major shipping hub to the world, that distinction has been replaced by the service industries, such as financial services. Does your team make it in the top fifty richest soccer clubs in 2022? The city contributes about 30% of goods sold in Russia. Km. 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. 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. It is the largest urban economy on the planet. Where are the German and Chinese Cities? The headquarters of several cities are also found in Tokyo, which include Honda, Sony, Hitachi, and Mitsubishi. Companies that have offices in Boston include BNY Mellon, Goldman Sachs and Microsoft. The median home value for the lower Tribeca area is around $2.5 million. 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. 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. Hong Kong remains No. Shipping isnt the only industry which brings revenue into SEZ, its also the sizable industrial parks, high-tech industries and of course, trade. Once a top contender in manufacturing, today manufacturing revenue covers only around 10 percent of the economy. From Singapore To New York City, more than 26% of the worlds 2,095 billionaires live in just 10 cities on three continents. One dropoff is Rajan Raheja, a member of the citys Raheja real estate clan, who was worth an estimated $2.3 billion last year. 1. 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. The USA is the only country with a large surface area and population among the highest-ranking nations, ranking eleventh.