New York's richest person and former mayor, Michael Bloomberg, is worth $59 billion. Regarded as China's financial hub, this bustling city is home to the Shanghai Stock Exchange, one of the largest stock exchanges in the world. Richest Cities in the World. If you are an admin, please authenticate by logging in again. Leading cities with the most billionaires in 2022 [Graph]. The headquarters of several cities are also found in Tokyo, which include Honda, Sony, Hitachi, and Mitsubishi. 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. Being the largest city of the country, Mumbai is extensively . Its no surprise that its capital city of Damascus has maintained its position as the worlds cheapest city. More than 80% of Russias billionaires call its capital home, including mining mogul Vladimir Potanin, who is also the richest person in the nation. This infographic uses information from the Henley Global Citizens Report, in partnership with New World Wealth, to rank the worlds wealthiest cities. 24/7 Wall Street reviewed income levels in 382 metropolitan . Adding to the diversity are biotech companies and information technologies. Fortune 500 companies include Discovery Communications, Fannie Mae, Walmart and CACI International among others. I cover the world's richest people and how they made their billions. Newsletter. Additionally, factors such as taxes, transportation costs, and availability of goods and services can also contribute to the overall cost of living in global cities. The top 10 richest cities in the Philippines. 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. According to various estimates, the Japanese capital is home to 13.1 to 13.7 million people. 10. It is also home to Wall Street, the financial capital of the US and the world. At 89 years old, Warren Buffett is the oldest richest person by 5 years. 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. New York City. 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. RICHEST RESIDENT: VLADIMIR POTANIN, $19.7 BILLION Getty Images Moscow is the only other city among the top 10, besides Shenzhen, where every single billionaire is self-made (as opposed to. She was the wife of Jeff Bezos, founder of Amazon. Business Solutions including all features. Our ranking shows the 50 wealthiest countries, measured by gross domestic product per capita and adjusted by the purchasing in the respective country. Values soared as interest rates on loans went down in a sellers market, which made it tougher to find affordable properties. Though affordability sounds good at face value, sitting at the bottom of the ranking isnt necessarily a coveted position. This city's success is due to its industrial and manufacturing activity, made up of a technology-savvy and highly skilled work force. 1. The Top 5 Cities in Mexico in 2020. Beijing is the capital of China and has a population of over 20 million. Los Angeles is a city that takes great strides to encourage economic growth. In 2022, cities with strong oil and gas industries like Riyadh, Sharjah, Dubai, Luanda, Abu Dhabi, Doha, and Lagos grew exceptionally. In addition, Singapores political stability, low crime rate, and high standard of living have also contributed to its appeal as a place to live and work. Palo Alto - $147,537 The current state of the Moscow economy isnt as bright as it was earlier in the year due to sanctions. Pune - Oxford Of The East. In detail, 144 billionaires resided in the capital of China. Does your team make it in the top fifty richest soccer clubs in 2022? Despite suffering a tough downturn due to the pandemic, Shanghai remains one of the worlds richest cities. 2 on the list, but the city recorded a net loss of eight billionaire residents. Other companies crucial to Seouls economic health include: Kia, Daewoo and Hyundai. Among the top 50, Aruba will climb five spots. Its no surprise to anyone that a good chunk of the Paris economy is the tourist trade. Tokyo is the economic hub of Japan and is one of the most important cities in the world for business and finance. Tourism is another major contributor to the economy of Philadelphia. It is home to 304,900 resident millionaires, making it the city with the second most millionaires in the world. 2. Besides being a major educational hub and commercial space, Tokyo's economy relies on industries related to healthcare, communications, transportation, and real estate. As a Premium user you get access to the detailed source references and background information about this statistic. Newcomers from other sectors also joined the ranks, including AI pioneer, Hong Kong remains No. Statista. If we're looking at cities in terms of total wealth, then the Big Apple leads the pack by a country mile. Other industries which influence the economy of Boston include the biotech industry, tourism, finance services and several Fortune 500 companies. Montgomery Street is considered the Wests Wall Street and is located in San Francisco. The PPP is a way to meaure prices in different countries (and ultimate convert between currencies), based on the equal amount of goods and services that can be bought. Well-known corporations that reside in SEZ are Tencent, Huawei and DJI. Singapore has one of the highest densities of millionaire households in Asia, with over 5% of households having at least $1 million USD in net financial assets. "Leading cities with the most billionaires in 2022." Refer to sources for more information. Mumbai gained one billionaire resident since 2019, losing five billionaires but adding six newcomers. Geneva, Switzerland - 17.92% Millionaires. By 500 A.D., Constantinople modern-day Istanbul was home to about half a million people (it's now the fourth-largest city on the planet). 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. Another industry that rains gobs of revenue on the City of London is the tourism industry with over 20 million visitors per year. These include three Indian cities, Tashkent in Uzbekistan, Almaty in Kazakhstan, Pakistans most populous city of Karachi, and Sri Lankan capitalColombo. 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. $520.1. 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. These industries include manufacturing, energy, information tech, finances, telecommunications, education, and telecommunications. Travel + Leisure. The city with one of the most expensive real estate markets worldwide, Hong Kong ranked fourth in this list, followed by Los Angeles, which moved up from its ninth rank in 2021. 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. A little known fact is that L.A. is the manufacturing center of the country. The collective net worth of the citys billionaires is $424 billion, down $45.7 billion from a year ago. 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. [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. Gautam Shantilal Adani. 9 last year. 1. Major metropolitan areas contributing at least 2.5% of world GDP. However, its also a city steeped in industry. Its known as the mecca of tech innovation, and as a result, the region has a high concentration of wealthy individuals. In other words, the city produces poor copies of everything from designer fashions to scooters. ", 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. 5. Both these cities had high inflation and a strong currency.