Who are the top 10 richest people in the world? Hong Kong 2. Furthermore, the city hosts the worlds two largest stock exchanges by market capitalisation, NASDAQ and the New York Stock Exchange. Not to mention that LA is rapidly eclipsing New York as home to some of the greatest chefs of our time. Some of our partners may process your data as a part of their legitimate business interest without asking for consent. Currently, Germany is the seat of many Billionaires in Europe. One of the luckiest nations on the continent, Equatorial Guinea "third on our list of richest countries in Africa" is a small nation with a small population with a large oil reserve. Some of its most significant industries include manufacturing, publishing, printing, and food processing. Top 50 Richest Actors in the World 2021 - YouTube 0:00 / 3:20 Top 50 Richest Actors in the World 2021 Info King 2.63K subscribers Subscribe 2.3K 992K views 1 year ago Who are. New York is the most populous city in the United States and the second-wealthiest city globally. Because of its prominence in the fields of fashion, commerce, business, banking, design, trade, and industry, Milan is consistently ranked as one of the worlds most costly cities in which to work as an expatriate. During the Cold War, the citys economy slowed due to West Berlins geographic isolation and East Berlins poor economic decisions made by East Germanys socialist central planners. London is recognized as one of the most important global economic hubs. In our new study we explore the wealthiest cities in the world for 2021, with a special spotlight on the wealthiest cities in the Middle East and Africa. Also, Sao Paulo is the third-largest exporting municipality of Brazil and hosts the countrys official stock and bond exchange. Africa is home to some clean cities which offer sustainable development, prosperous farming, and clean air to residents. Median home values in the 50 richest cities begin at $498,900, about double the median nationwide of $244,900, and reach over. This is because approximately 160,000 enterprises in the area employ the citys working-age population. Carlos Slim Helu 8. Mumbai- GDP: $310 Billion Maximum City is among the richest cities in India and the world as well. Is India richer than UK? In our view, no city can be a Best City that is part of a country that is taking unprovoked action against another and we have removed Moscow and St. Petersburg from this years report, two cities that finished in the Top 20 last year.. The top ten richest cities in the world based on private wealth include: New York, New York, United States London, England Tokyo, Japan Silicon Valley, California, United States Beijing, China Shanghai, China Los Angeles, California, United States Hong Kong, China Sydney, Australia Singapore CSV JSON As the EUs largest cross-border metro region, it has considerable economic and political clout. In a recent ranking, the Paris Metropolitan area in France has been ranked to be the richest city in Europe with Frankfurt topping the list. Over 5 million people make this urban center one of the largest in Europe and the most populous along the Mediterranean coast. In the 2019/2020 fiscal year, its GDP per citizen was predicted to reach $57,101, making it one of the highest-earning countries in the world. Every year for our World's Best Awards survey, T+L asks readers to weigh in on travel experiences around the globe to share their opinions on the top hotels, resorts, cities, islands, cruise . Dublin has the highest per-person income, at $115,094. The city first became a financial muscle in the early 1800s. China, with 12,556 USD per inhabitant, only reaches 79th place. Furthermore, Washington DC is among the most competitive financial centres in the world. View the complete report from Resonance Consultancy. how many casinos are there i London has been anointed the best city in the world for the seventh year in a row. London is ranked second with $2.7 billion in private wealth. The city rakes in about P19.775 billion pesos where most of which comes from its large sardine industry. Paris remains ahead of New York, thanks to its ambitious sustainability policies which have included expanding cycle routes, reducing city speed limits and tree planting as it aims to become Europes greenest city by 2030. Houstons major economic activity is banking. Photo by Shutterstock. One factor that has made some cities grow is that they have large populations of people willing to spend more money, thus attracting more business investments and government spending. Fortune 500 companies include Discovery Communications, Fannie Mae, Walmart and CACI International among others. Moscow is also a wealthy city because it ranks among the top ten cities with the highest number of billionaires. The city of Los Angeles makes effective use of employment training programs as well as development initiatives. It is also one of the leading cities in the world for culture, politics, diplomacy, business, economics, science, and technology. 50 Richest European Cities By GDP Per Capita [2023 Ranking], 4. It is the richest place in the world, with a GDP of $1,790 billion. Furthermore, the cities derive their wealth from huge populations that have increased consumer spending, government spending, and business investments, thus growing their GDPs. The city is home to 17 colleges/universities and around 30 research institutions. One of the richest cities in the Philippines is found in Mindanao. Several industries, including health care, tourism, real estate, technology, publishing, fashion, journalism, and insurance, all significantly contribute to New York Citys economy. It has the highest population of any metropolitan region in Spain, ranks second in the EU, and is the worlds 54th largest. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. Large service, technological, and creative industries returned to the city after German reunification in 1990. Many cities in India are densely inhabited, trade between them has improved, and transportation systems have been modernized. Africa Is A Hotbed For Crypto Adoption And It Is Not Slowing Down. List of Top 10 Richest Cities in India: India is the 6th largest economy in the world by nominal GDP and is the third-largest economy by purchasing power parity (PPP). The economy of Paris heavily relies on commerce, services, transportation, construction, and industry. In terms of business activity, 76.7% is related to trade and services, whereas 3.4% is related to manufacturing. After all, Paris is one of the most popular tourist destinations in the world since it is known as the city of love and art. According to the Bloomberg Billionaires Index, Amazon founder Jeff Bezos, who owns a reported 420,000 acres in Texas, is worth $122 . Growth Domestic Product (GDP) is a crucial indicator of how much wealth a city possesses. Cities are the engines of the global economy and the badges of human ingenuity. Tokyo is home to some of the most successful businesses and financial brains found anyplace on the planet. On this list, New York City was ranked as the richest city with a total of $3 trillion in private wealth. London is closely followed by the usual suspects of Paris and New York. Unlike other cities in the USA, Washing leads in the number of tourists or visitors it receives every year. Tokyo was originally a fishing village in the 1600s but grew up to become the most populated city globally by the mid-18th century. Many of the cities and metropolitan districts within it compete with one another by pursuing different investment strategies. AT & T, Walgreens, Abbott Labs, the CTA, Walmart, and Allstate Insurance, amongst other businesses, are major city employment drivers. A GDP per worker 132% above the EU average was achieved. Surat - City Of Sun. The richest area currently in Europe is London and Paris with a total economic output of $835 billion and $822 billion, respectively. Over the last several years, the city has become a hub for American IT companies (in the neighborhood of 550) along biotech and environmental technology firms. Now the Midwest is starting to make some noise. But between 3% and 4% annual economic growth was seen in 2006 and 2007. Topping the list with a total wealth of $248 billion is South Africa's largest city, Johannesburg. Image Source. Porta Nuova is the wealthiest neighborhood in all of Europe, with a 2016 GDP of 257 billion ($308 billion), which is roughly the same as the GDP of the Philippines, the worlds 34th wealthiest country. Its central location on the peninsula makes it an important node in the peninsulas long-distance transportation networks. Financial and publishing services were developed to meet the needs of the citys expanding population, which included the royal family and the national government. Dublin has the highest per-person income, at $115,094. The city performed well in the nightlife category but also won praise for its commitment to traffic calming and creating community space. Los Angeles is also bustling with construction and development projects, including the refurbishment of companies like Manns Chinese Theater and the construction of new infrastructure. . Moscow is also a wealthy city because it ranks among the top ten cities with the highest number of billionaires. The Ruhr region has been home to significant manufacturing since the dawn of the industrial age in the late 19th and early 20th centuries. Dubai in the UAE remains in the top five best cities in the world thanks to its alluring blend of over-the-top experiences, Arab heritage and luxury shopping. The Netherlands is currently responsible for almost 25% of all natural gas reserves in the European Union. Tokyo is the largest city in Japan and is also the wealthiest, with a GDP of $1.52 trillion. As of 2009, Madrids GDP per resident was 11% lower than the EU average of the top 10 cities. Its GDP is comparable to those of the Netherlands and Indonesia, and even higher than countries like Switzerland, Sweden, and Saudi Arabia. Rounding out the top three cities is Tokyo, with $2.5 trillion in private wealth. London has an overall clean city score of 74.94 and an Environmental Performance Index score of 79.89. We and our partners use data for Personalised ads and content, ad and content measurement, audience insights and product development. After the 1871 Great Chicago Fire that left thousands of people homeless, Chicago started a rebuilding plan that resulted in the construction boom. List of youngest millionaires in South Africa 2020. There will reportedly be 2,073,459 people living there by 2022. Interactive map. Antigua Guatemala, Guatemala. The GDP of New York in 2018 is $1.21 trillion. During the 20th century, Seouls economy heavily relied on manufacturing. Tokyo is home to several Fortune Global 500 corporations, including Honda Motors, Hitachi, Sony, and Mitsubishi. The historic Ukrainian capital is the urban beacon of courage and resilience leading a defiant nation against a murderous aggressor. A post-lockdown business recovery plan was made available to the public in June of 2022 by the city of Shanghai to make up for financial losses. 2. document.getElementById("ak_js_1").setAttribute("value",(new Date()).getTime()); I'm a travel expert with vast experience in the traveling industry, couple with hands on experience about the globe. Catalonia, of which the greater Barcelona area constitutes over 66% of the population, is one of the wealthier areas in Europe and the fourth richest region per capita in Spain, with a GDP per capita of 28,400 (16% more than the EU average). The futuristic metropolis is tapping its ancient feudal roots by investing in street-level livability and resident well-being in the wake of the Olympics.. Furthermore, Moscow has many financial centres that contribute to the citys GDP. With a combined GDP of $835 billion and $822 billion, London and Paris are the two largest and wealthiest cities in Europe. The Small Business Improvement Fund, the Chicago Recovery Grant, the Special Service Area Program, Tax Increment Financing, and several other programs are included in these projects. World's Top Insider focuses on the top ten lists of best, greatest and top rankings in the world. 1.Tokyo, Japan (GDP - $1,520 billion) The richest city in the world in 2022 is Tokyo. Asset management, financial technology, and environmental, social, and governance investments all point to Tokyos sustained rise as one of the most important economies in the world. The European Union (EU) averaged 2.5% yearly economic growth (GDP) between 1996 and 2000, hence annual growth in the EU was above average. Pressure Lamp, 6 Other Symbols of Rich Families in the 90s and Early 2000s. The United Nations uses three definitions for what constitutes a city, as not all cities may be classified using the same criteria. Paris is the capital of France and the most populous city in the country. It includes Amsterdam, the provinces of North Holland and Flevoland, and 36 other municipalities within those two provinces, for a total population of about 2.5 million people, and is located in the Noordvleugel (English: North Wing) of the wider polycentric Randstad metropolitan region. Read Also:50 Richest Countries In Europe By GDP. Alejandro de Leon/Getty Images. Tokyo is the city with the highest per capita income in the world. Riyadh in Saudi Arabia, Sharjah and Dubai in the United Arab Emirates, Lusaka in Zambia, and. Los Angeles is also one of the biggest global centres of international trade, tourism, media, business, education, sports, and technology. Bernard Arnault 2. With an estimated GDP of $310 billion, Mumbai ranks number one in the list of the richest cities in India. The richest communities in America for years have been in Silicon Valley and the New York City area. The Dnipro, one of Europe's largest rivers, divides Ukraine . According to various estimates, the Japanese capital is home to 13.1 to 13.7 million people. GDP per capita: $18,236. Altogether, these top 10 cities will contribute an impressive $13.5 trillion in GDP by 2035. In 2018, a UN study suggested that 55% (4.2 billion people) of the worlds population lived in urban areas. Bonn and Dortmund are also important economic hubs in the country. I love exploring the world and I'm ready to relate my experience to others who are in the quest to know more. The UK capital scored highly in the programming, promotion, product and prosperity categories but was some way behind in the place category. Dublin is not just home to the national parliament and the bulk of the government bureaucracy, but also the countrys main media outlets. No formal political boundaries exist inside this area; it is instead defined for the sake of transportation and strategic planning. These are the only two cities with trillion dollar economies. Samsung is a big powerhouse in the city of Seoul. Berlin is the birthplace of a number of renowned German corporations, including Siemens, Deutsche Bank, Lufthansa, Allianz, AEG, Telefunken, Osram, Knorr-Bremse, and Edeka. New York serves as a centre of many industries, including international trade, financial technology, finance, real estate, fashion, manufacturing, entertainment, education, tourism, and biotechnology. The policy covers us for theft, medical expenses up to $10m USD, cancellation and Covid-19 coverage. The GDP of this city in 2018 was $789.7 billion. We take a look at the results. The metropolis offers as many restaurants as the top five cities combined more than 100,000 in total! It has a GDP of $472 billion, contributed by various economic activities such as banking, commerce, insurance, telecommunications, technology, and energy. The city is far wealthier than the rest of the Madrid area; while having slightly more than half of the Community of Madrids population, it contributes 65.9% to the regional GDP. More than 530,000 people, or 37.7% of the citys total population, were born outside of the United States. 3. In. You might be surprised at some of. The Essen-based E.ON AG, the Bonn-based Deutsche Post AG, the Dsseldorf-based Metro AG, the Bonn-headquartered Deutsche Telekom AG, the Essen-headquartered ThyssenKrupp AG, the Essen-headquartered RWE AG, the Essen-headquartered Bayer AG, the Essen-headquartered Evonik Industries, the Essen-headquartered Hochtief AG, and the Dsseldorf-headquartered Henkel Group all call this area home. The Milan metropolitan region, or Grande Milano (which literally translates to Greater Milan), is the largest in Italy and the 54th largest in the world. This central metro region has a long tradition of serving as Germanys primary center for the countrys heavy manufacturing industry. Where Do Most Billionaires Live In Europe? 1. Equatorial Guinea-Malabo. It wasnt until 1959 that a wellspring of natural gas was discovered in Amsterdam, and since then the city has maintained a stable supply. As of 2021, Londons GDP is $937 billion, making it the biggest urban economy in Europe. The thirteenth edition of the Global Wealth Report shows continued wealth growth across all regions led by North America and China. As a result, many high-tech business parks have come up in the city to serve as business incubators. Interestingly, Tokyo is the #1 city today, with an estimated $1.6 trillion GDP in 2019. About 59.5% of the workforce in the area is employed in trade, transportation, and services; 26.9% in government; 8.2% in manufacturing; 5.2% in the building trades; and 5.25% in agriculture. 20 largest tech companies in the world by revenue in 2021. Kyiv is a city of many faces. Hamburgs 2018 GDP of 119.0 billion Euro represented 3.6% of Germanys total economic output. This is because many different factors can be used to determine a citys wealth. Today, Shanghai is Asia's commercial and financial hub and a significant player behind Chinas booming economy. Shanghai is considered the richest city in the country with a 2013 GDP of $352,292,000,000 and a PPP of $600,571,000,000. Score: 87.97. The next richest city based on GDP is Los Angeles, California in the U.S. Subscribe to our Newsletter for Latest Updates So you don't Miss out anything. The Culver City/Playa Del Rey zone are now referred to as Silicon Beach, with Google, and other tech giants migrating from the pricey digs of Palo Alto to less costly SoCal alternatives. Apart from being a global city, it is home to the largest state-owned companies in China and the highest number of Fortune Global 500 companies globally. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'worldstopinsider_com-medrectangle-4','ezslot_2',120,'0','0'])};__ez_fad_position('div-gpt-ad-worldstopinsider_com-medrectangle-4-0'); The Rhine-Ruhr metropolitan region is the center of Germanys industrial and commercial activity. Today, Moscow has a GDP of $604 billion. However, the service industry is quickly becoming the citys primary economic driver. New World Wealth compiles wealth reports on several major markets. Even more impressive is the fact that, as of 2009, Barcelona ranked as Europes fourth greatest business metropolis and the continents fastest-improving city, with annual growth improvements of 17%. Mukesh. With a per capita income of $102,941, Frankfurt, Germany, is the second wealthiest city in the world, behind only Dublin, Ireland. According to New World Wealth, private wealth is a better indicator of the financial health of the economy than GDP, although this remains debatable. After the Rhine-Ruhr Metropolitan Region, the Frankfurt Rhine-Main-Region, the Berlin-Brandenburg Metropolitan Region, and the Stuttgart Metropolitan Region, it is Germanys fifth most populated metropolitan region. Below are the 10 richest cities in the Philippines based on their total assets: 1| Quezon City - P452.333 billion 2| Makati - P238.464 billion 3| Manila - P76.548 billion 4| Pasig - P49.510 billion 5| Cebu City - P34.754 billion 6| Mandaue - P32.570 billion 7| Tagiug - P30.682 billion 8| Davao City - P23.664 billion 9| Caloocan - P22.203 billion An estimated 6,321,398 people call this area home as of 2017 throughout an area of 5,335.97 square kilometers, as provided by Populationdata.net (2,060.23 sq mi). Washington has a GDP of $541 billion and plays a significant role in the countrys tourism. Shanghai: 61 Billionaires Shanghai occupied the fifth position in the list as the city lost three new billionaires taking its total count to 61 billionaires. The GDP of Tokyo is $1.52 trillion. Seoul plays a crucial role in South Korea because it generates half of the countrys total GDP. Porto, Portugal. It is also the leading US city in a number of key sectors including aeronautics, basic materials (oil and gas), biotech, and engineering. It first came into existence in the 1100s and grew to become Russia's political and economic centre. In 2013/14, exports were 28.97M while imports amounted to 47.29M, resulting in a negative balance of foreign trade for the Madrid region. New York, Americas greatest city, is in third thanks to the high number of Global 500 companies located in the Big Apple as well as the citys endless nightlife, shopping and attractions that sustain its enduring allure. Wealth tends to gravitate toward wealth. Which is the cleanest city in the world? This urban region has a population of about 5 million people (2017), making it the most populous in Germany. Tokyo is home to many multinational corporations and financial institutions, making it a hub for global business and commerce. That's one takeaway from the latest. Items such as pharmaceuticals, automobiles, airplanes, and machinery are among the manufactured commodities exported by European nations. Beijing has grown tremendously over the years to become a global city. There are eleven metropolitan regions in Germany, and one of them is the Munich Metropolitan Region, which includes the cities of Munich, Augsburg, Ingolstadt, Landshut, Rosenheim, and Landsberg am Lech. Following the year 1870, Berlins industrial sector expanded rapidly, making it one of Europes largest and most advanced. Larry Ellison 5. Top 15 richest companies in the world and their net worth in 2021. Top 10 cities projected by GDP Four cities will be found in China, while London, Paris, and Tokyo are set to round out the last three. Geneva 4. San Jose, ranks second in monthly salaries, according to the analysis, in 2019, the average monthly salary after taxes for citizens of the city of San Jose was $6,457. In the Mediterranean region, it was the first and remains the most significant industrial city. The maximum possible score is 2,600 points. Furthermore, the city is home to many financial and service industries, high-tech, and information and communications. Several corporations have established or reestablished second headquarters or branch offices in Berlin. Dallas-Fort Worths economy has been performing well in the past few years because of proper business management and operations. Another trillion-dollar GDP city is New York City in the United States. (Video) TOP 10 RICHEST CITIES In The World 2021 (Uncover) Which is the richest city in the world 2022? The six factors scrutinized are: economy, research and development, cultural interaction, livability, environment, and accessibility. It has been swiftly supplanted by the information technology sector and the financial services industry. Slower growth was a result of the recession that began in the early 2000s and persisted until 2005. Unemployment and a waning economy have meant the citys number one position is under serious threat. Historically, Houston has been one of the fastest-growing cities in the USA. The Global Wealth and Lifestyle Report 2020 also names it as one of the worlds most cost-effective metropolises for the affluent. Los Angeles is the second-most populous urban region in the United States.
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