top 50 richest cities in the world 2020 top 50 richest cities in the world 2020

3. Greater Mumbai still is the most populated city in its 440 sq. 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. Sweeping sunsets, desert landscape, and breathtaking canyonsthese are the things that most everyone think of when someone says Arizona. In pre-Covid times, Chicago clocked round 55 million tourists in 2017. However, this megacity is most famous for its thriving entertainment industry, which pumps billions of dollars into the city's (and country's) economy. 3. Out of the 2,095 members of the 2020 Forbes Worlds Billionaires list, 552 live in just ten cities. 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. 1. This year 92 billionaires live in the Big Apple as their primary residence 8 more than a year ago. Its been rapidly replaced by information tech and financial services. Lets take a closer look at some of the top-ranking cities making the list. On a related note, there is a sizeable population of secondary homeowners in London. . Pasig City: $710 million. The current state of the Moscow economy isnt as bright as it was earlier in the year due to sanctions. For the fourth straight year, Atherton topped Bloomberg's Richest Places annual index. 12. Makati City: $4.48 billion. He worked to revolutionize transportation on earth. You only have access to basic statistics. If that is the case, knowing its cost of living is vital. At its peak, General Motors enjoyed a 50% market share in the United States. 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. Palo Alto - $147,537 Cities may be defined as the cities proper, the extent of their urban area, or their metropolitan regions. Its no surprise to anyone that a good chunk of the Paris economy is the tourist trade. 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 Dmitry and Igor Bukhman, founders of online gaming firm Playrix; and Camilla de Godoy Bueno Grossi, who inherited part of the fortune of her late father, Brazilian healthcare tycoon Edson de Godoy Bueno. 7 and Shanghai and Beijing staying flat at No. Despite its picture of wealth, only a small percentage of Seoul's population claim to be wealthy. Newcomers to the billionaire ranks who live in San Francisco include private equity dealmaker Orlando Bravo and cloud communications entrepreneur Vlad Shmunis. Kuwait (-4) will be the worst loser, followed by The Bahamas (-3) and Iceland (-3). The typical American household earns $57,617 per year. 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. These industries include manufacturing, energy, information tech, finances, telecommunications, education, and telecommunications. Let's consider New York City. Five are new billionaires from the finance industry, including private equity wizards, . Other companies crucial to Seouls economic health include: Kia, Daewoo and Hyundai. Basically, the metropolitan areas of Maastricht. The Chinese capitals tally of ten-figure-fortunes rose by six since last year to reach 67 billionaires. Founded in 1630, Boston is one of our countries oldest cities. As such, you can see how anything affecting these shipping ports will have a negative impact on world wide supply chain logistics. , a member of the citys Raheja real estate clan, who was worth an estimated $2.3 billion last year. Though approximately 23% of Beijing's GDP is linked to its manufacturing sector, over 80% of the city's wealth is tied to the service sector. 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. The TYO encompasses over 3,700 listed companies and a market value estimated at JPY 600 trillion (or approximately $42 billion USD). Today, Boston is a center of learning with many stellar educational institutions like MIT and Harvard, which contribute greatly to Bostons economy. Swift reportedly owns about $40 million worth of property in the area. When is it OK to Buy a House Site Unseen as an Investor? Hong Kong is once again the city with the second most billionaires in the world. Among the top 50, Aruba will climb five spots. (((61/33)^(1/15))^10)*33 and (((33/21)^(1/15))^10)*21. 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. In fact, according to this chart, you can see that manufacturing takes the lead with 16.6 percent followed by retail at 16.6 percent and real estate at 11.4 percent. Being one of Asia's most wealthy countries, South Korea is home to the capital Seoul, which witnessed an 11% increase in its millionaire population between 2019 and 2020, despite facing a global pandemic. New York is the wealthiest city in the worldhome to 345,600 millionaires with a total private wealth that exceeds $3 trillion. After all, Paris is one of the hotbeds of world tourism, its the city of love and art. Consumption of Fuel and Materials per Capita, Visualizing Chinas Dominance in Battery Manufacturing (2022-2027P), Mapped: The Population of Indias States Compared with Countries. After all, its Philadelphias rich history that fuels the tourist trade that brings over 2 million visitors from both the U.S. and foreign countries every year. Japans largest city is home to the Tokyo Stock Exchange, which is one of the largest stock exchanges in Asia by market capitalization. Home to both invention and innovation, animes, mangas and of course, robots, Tokyo is known as the financial center of the world. The Top 15 Cities in Asia in 2020. 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. Delhi City. Meanwhile, Barcelona dropped to No. Ian Lurie on Quora calls Seattle "one of the most beautiful U.S. cities you'll find, with lots of lakes, the bay, mountains and green stuff.". 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. In total, these 30 people control. 10. New York City. Furthermore, 121. . Top 10 Poorest Countries In The World 1. to incorporate the statistic into your presentation at any time. But the Nations Valentine has so much more to offer. Access to this and all other statistics on 80,000 topics from, Show sources information How does a city become one of the wealthiest in the world? There are 4,000 cities and towns in India. Hong Kong remains No. This included plans of action to assist with rent, taxes, business subsidies and more. Here are the 10 leading cities for the wealthy for 2019. 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. 10. Surprisingly, this is the Big Apples first time atop the ranking. Devoted to encouraging economic development, Chicagos Department of Planning and Development has a number of economic development initiatives. This includes the burgeoning FinTech, or financial technology industries. In order to recoup losses, in June of 2022, the city of Shanghai released a post-lockdown business recovery plan. 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 richest city in the world is Tokyo. Delhi city is the second most populated city in the world with a 30,291,000 million population. Beijing is the capital of China and has a population of over 20 million. Ranked: The Worlds Richest Billionaires Over the Past 10 Years, All of the Worlds Money and Markets in One Visualization (2022), The U.S. and China Account for Half the Worlds Household Wealth, Charting the Relationship Between Wealth and Happiness, by Country, Mapped: The Wealthiest Billionaire in Each U.S. State in 2022, Poll: Inflation is the Top Financial Concern for Americans, From New York to Damascus, this infographic uses EIU cost of living data to rank the worlds most and least expensive cities to live in. Indian richest cities 2021. Beyonc, Jay Z and Taylor Swift are just a few of the celebrities who own property in Tribeca. Using data from Wealth-X, here's a look at the top 10 cities with the highest UHNW populations: It's worth noting that six of the top 10 UHNW cities are in America. 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. According to a study by Teleport, Osaka scores well when it comes to affordable housing, community safety, business, and healthcare. Among Singapores newcomers are gaming tycoons Forrest Li and Gang Ye, cofounders of the online gaming and e-commerce firm Sea; both industries have benefited from people staying indoors and spending more time online. Lower down the list So, which cities are lower ranked than in previous years? At 89 years old, Warren Buffett is the oldest richest person by 5 years. Despite being significantly smaller than Los Angeles, San Francisco houses more millionaires than its southern California counterpart. She finds almost all topics she writes about interesting, but her favorite subjects are travel and food. Los Angeles is not California's only wealthy city! In the U.S., a few tax-friendly states like Texas and Florida became home to American companies moving their head offices there. Kimberly Noel Kardashian West is an American media personality, socialite, model, businesswoman, producer, and actress. Air Cargo News Awards 2020. dnata wins again. Home to 12 Fortune 500 companies, the city of Philly is Pennsylvanias financial hub. 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. New York's richest person and former mayor, Michael Bloomberg, is worth $59 billion. 1. Those include Abhay Vakil, who heads Indias largest paint company, Asian Paints, and the Parekh brothers, who control adhesives and sealants maker Pidilite Industries. Much like Shanghai, Beijing enjoys a reputation as one of the Asia's (and the world's) wealthiest cities. Currently, you are using a shared account. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. area followed by Delhi, Kolkata, Bangalore and Chennai. Loudoun County is the richest county in the USA, with an estimated average household income of $ 117,876. The Top 25 Cities in the World in 2020. 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. Some cities have some obvious billionaires that come to mind. 12. Interactive map The collective net worth of the citys billionaires is $424 billion, down $45.7 billion from a year ago. 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, . But if this inflation is compounded with a strong national currency, you may live in one of the worlds most expensive cities. South Koreas Wall Street is the Korea Exchange in Yeoui Island. [3] List [ edit] These include three Indian cities, Tashkent in Uzbekistan, Almaty in Kazakhstan, Pakistans most populous city of Karachi, and Sri Lankan capitalColombo. One dropoff is Rajan Raheja, a member of the citys Raheja real estate clan, who was worth an estimated $2.3 billion last year. After their divorce, MacKenzie received a 4% stake in Amazon, which was worth about $35 billion at the time. If you are an admin, please authenticate by logging in again. There is a distinction between wealth held by identifiable individual billionaires or a "nuclear family" and the wider notion of an extended family or a historical "dynasty," where the wealth of a . statistic alerts) please log in with your personal account. Dallas Number of individuals with a net worth of $5 million or more: 36,515 Percentage of global population: 1.2% 9. New York's richest resident, 476 Washington Avenue, former mayor Michael Bloomberg, has a net worth of $45 billion, making him one . She was the wife of Jeff Bezos, founder of Amazon. To use individual functions (e.g., mark statistics as favourites, set Seven cities have population more than 3 million. 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. I cover the world's richest people and how they made their billions. Elon Musk Elon Musk is a South African-born Canadian-American businessman, investor & the richest person in the world. 50 Richest Countries in the World 2020. There are many benefits to living in an iconic city like New York or Singapore, but the amenities and exclusivity can come at a high cost. The top 10. For over 50 years, Tokyo has occupied the top spot, and shows no sign of slowing down. Currently, 43 Fortune 500 companies that call New York City home include: Verizon, JP Morgan, Pfizer, Citigroup, MetLife, Goldman Sachs, Morgan Stanley, and more. StartupTalky has compiled an exhaustive list of the top richest people in India for the year 2022. India is the second largest country in the world after China. (March 17, 2022). 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, .