The cities shown in our visualization are already well-established locations for high-net-worth individuals. 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. Tourism is another major contributor to the economy of Philadelphia. The international city of romance boasts an economically wealthy status. However, this megacity is most famous for its thriving entertainment industry, which pumps billions of dollars into the city's (and country's) economy. He worked to revolutionize transportation on earth. According to the Hurun Global Rich List 2022, the leading city with the most billionaires in 2022 was Beijing. 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. The richest city in the world is Tokyo. 2. The Shenzhen Special Economic Zone was created in May of 1980 and is based on Irelands Shannon Free Zone. But if this inflation is compounded with a strong national currency, you may live in one of the worlds most expensive cities. 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 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. ", Hurun Research Institute, Leading cities with the most billionaires in 2022 Statista, https://www.statista.com/statistics/299494/billionaires-top-cities/ (last visited March 04, 2023), Leading cities with the most billionaires in 2022 [Graph], Hurun Research Institute, March 17, 2022. Access to this and all other statistics on 80,000 topics from, Show sources information Cebu City: $660 million. Learn how your comment data is processed. Otherwise, the city serves as a global financial centre, due to its large abundance of banks, insurance companies, and financial service centres. Being the largest city of the country, Mumbai is extensively . L.A. makes good use of both job training programs and development projects. In 2019, San Francisco's tourism industry resulted in 86,111 jobs. In pre-Covid times, Chicago clocked round 55 million tourists in 2017. London, United Kingdom: $978.402 Billion, 2. These industries include manufacturing, energy, information tech, finances, telecommunications, education, and telecommunications. Visualizing the Global Share of U.S. Stock Markets. Beijing is the capital of China and has a population of over 20 million. Media mogul turned politician Michael Bloomberg, founder of Bloomberg, is the . China retains its title as the country with the most cities in the top 10, with Shenzhen moving up one spot to No. City of Clayton -$146,225. The 10 Best Places to Live in Mexico for Americans, The 20 Cheapest Places to Buy Land in the U.S. 2022, 20 Cities with The Worst Weather in Europe, How Zac Stacy Achieved a Net Worth of $6 Million. The wealthy city-state has 31 billionaire residents, up from 22 last year, and replaces Seoul in the top 10. It goes without saying that due to its history tourism is a huge draw when it comes to obtaining revenue. 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With the onset of free-market reforms in the 1990s, Beijing saw its economic development soar. In the past, manufacturing was seen as a booming sector in Shanghai, but lately its slowed and is being replaced by financial services, trade, information tech, real estate and commerce, among others. For instance, Osaka is home to major electronics corporations like Sharp and Panasonic as well as pharmaceutical companies, food, retail and trading companies. Alongside its growing wealth, San Francisco is also one of the fastest growing cities in the country. Meanwhile, seven cities in Asia with the common denominator of high-income inequality and low wages dominate the list of the worlds cheapest cities. This infographic uses information from the Henley Global Citizens Report, in partnership with New World Wealth, to rank the worlds wealthiest cities. Well-known corporations that reside in SEZ are Tencent, Huawei and DJI. Before the Ukraine invasion, Moscow was the economic hub of Russia. Moreover, dozens of Russia's most prominent companies are also headquartered in Moscow that contribute to the city's wealth, which includeRosneft, Sberbank, Russian Railways, and Lukoil. To make the list, the EIU examines 400+ prices for over 200 products and services in 172 cities, surveying a variety of businesses to track price fluctuations over the last year. The city-state of Singapore is the wealthiest country in Asia, with a per-capita GDP of . New York is home to many Fortune 500 companies and is the financial heart of the United States, with the New York Stock Exchange and NASDAQ located in the Big Apple. Moreover, there are over 25 FortuneGlobal 500companies headquartered in Paris (which are the top companies in the world based on their revenues) including Danone, Sanofi, Christian Dior, and Finatis. 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. London and the rest of the United Kingdom finally left the European Union on January 31st, 2020. 4, respectively. Singapores richest resident, Zhang Yong, is also Chinas richest restaurateur the owner of Sichuan hot pot chain Haidilao is $4.2 billion richer than he was in 2019, thanks to a 53% rise in the companys stock over the past year. Lower down the list So, which cities are lower ranked than in previous years? Meanwhile, Barcelona dropped to No. Hong Kong is once again the city with the second most billionaires in the world. Today, with 272,400 millionaires, the city holds a more humble position. The collective net worth of the citys billionaires is $424 billion, down $45.7 billion from a year ago. 1. Singapore is home to 249,800 millionaires making it the second richest city in Asia after Tokyo.
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