Click on the headers to reorganize columns. I cover billionaires and their wealth for Forbes. Rising development costs and foreign competition had already, the fortunes of South Korea’s pharmaceuticals sector, before coronavirus concerns hit the country’s economy in late February — in total, thirteen Seoul-based billionaires dropped off the list. That’s according to new research from Wealth-X, which found that Asia is creating … China retains its title as the country with the most cities in the top 10, with Shenzhen moving up one spot to No. Paris and its surrounding metropolitan area top the list of richest cities in Europe based on its 2012 GDP of $715.265 billion. 9 last year. Dallas Richest Cities in the World 41. Gross Domestic Product | Stratēģijas Uzraudzības Sistēma", "US DOLLAR RATES FOR 12/31/2013 / BRAZILIAN REAL", "Shanghai first Chinese city to top 3 trillion yuan GDP", "Surabaya Urban Area (Surabaya + Gresik + Sidoarjo)", "საქართველოს სტატისტიკის ეროვნული სამსახური", https://www.tel-aviv.gov.il/en/WorkAndStudy/Pages/Why-Tel-Aviv.aspx, https://www.conferenceboard.ca/(X(1)S(mjeoylu4zac3mqso4dtuxnwz))/e-library/abstract.aspx?did=9923&AspxAutoDetectCookieSupport=1, "Regional GDP per capita ranged from 31% to 626% of the EU average in 2017", "Total Real Gross Domestic Product for Wichita, KS (MSA)", https://en.wikipedia.org/w/index.php?title=List_of_cities_by_GDP&oldid=1021303398, Articles with dead external links from March 2020, Articles with permanently dead external links, Short description is different from Wikidata, Creative Commons Attribution-ShareAlike License, This page was last edited on 3 May 2021, at 23:59. GDP is the broadest quantitative measure of a city’s total economic activity. Those include, , who heads India’s largest paint company, Asian Paints, and the, , who control adhesives and sealants maker Pidilite Industries. Another trillion-dollar GDP city is New York City in the United States. The top 10 cities in the world for billionaires, ranked ... who has an estimated net worth of $60.1 billion, is the city's richest person. Hong Kong remains No. Meanwhile, government funds are excluded from these figures. One dropoff is. The Chinese capital’s tally of ten-figure-fortunes rose by six since last year to reach 67 billionaires. I cover billionaires and their wealth for Forbes. Out of the 2,095 members of the 2020 Forbes World’s Billionaires list, 552 live in just ten cities. 6 and No. Top 10 Richest Cities In The World 2020 1. One dropoff is Rajan Raheja, a member of the city’s Raheja real estate clan, who was worth an estimated $2.3 billion last year. Today it is one of the wealthiest cities in the world. This year 92 billionaires live in the Big Apple — as their primary residence — 8 more than a year ago. 2013", "Home - Regional - Quarterly by Province", "World Economic Outlook Database, October 2019", https://profit.pakistantoday.com.pk/2020/08/28/karachi-rain-disaster-costing-pakistans-gdp-at-least-449-million-a-day/#:~:text=As%20of%202019%2C%20Karachi%20had,daily%20GDP%20approximately%20%24449%20million, "Rodiklių duomenų bazė - Oficialiosios statistikos portalas", "Top 10 Richest Cities of India Based on GDP", "GaWC – The World According to GaWC 2016", "Regional economic activity by gross domestic product, UK: 1998 to 2018", Total Gross Domestic Product for Los Angeles-Long Beach-Anaheim, Total Gross Domestic Product for Riverside-San Bernardino-Ontario, Total Gross Domestic Product for Oxnard-Thousand Oaks-Ventura, "GRPs of regions and Minsk city and their percentage shares in GDP in 2018", https://www.statista.com/statistics/652749/real-gdp-of-montreal-quebec/, "Валовой региональный продукт::Мордовиястат", "World's top 10 fastest growing cities are all from India; check which cities made it to Oxford list", "U.S. metro areas – ranked by Gross Metropolitan Product (GMP) 2019 | Statistic", "Bruttoinlandsprodukt in den Metropolregionen in Deutschland 2014 | Statistik", https://ec.europa.eu/eurostat/documents/2995521/10474907/1-05032020-AP-EN.pdf/81807e19-e4c8-2e53-c98a-933f5bf30f58&ved=2ahUKEwi-u5GHnujpAhUOuIsKHaOlDG0QFjACegQIBRAJ&usg=AOvVaw0NnWnyaFRad5NgG3NGcbJP&cshid=1591276979492, "2.1. 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. Newcomers to the billionaire ranks who live in San Francisco include private equity dealmaker. More than 80% of Russia’s, call its capital home, including mining mogul. These four cities are home to 228 billionaires. Five are new billionaires from the finance industry, including private equity wizards, . 2 on the list, but the city recorded a net loss of eight billionaire residents. Refer to sources for more information. Prev Post Top 10 Richest Cities In The World By |GDP| 2018. There is a popular saying that great things come from small beginnings, little drops of water make the mighty ocean. Among Singapore’s newcomers are gaming tycoons, , cofounders of the online gaming and e-commerce firm Sea; both industries have. 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. Its wealthiest resident, , chairman and CEO of Internet media behemoth Tencent Holdings, is the, . Property prices, across the board in Hong Kong in late 2019, damaging the real estate industry that is the source of wealth for many of the city’s richest, including Hong Kong’s sole, Moscow is the only other city among the top 10, besides Shenzhen, where every single billionaire is self-made (as opposed to inheriting a fortune); many have close ties to Russian President Vladimir Putin. , is also China’s 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 company’s stock over the past year. 6 and No. Find out in this video. While Beijing is the cultural and political seat of China, Mumbai gained one billionaire resident since 2019, losing five billionaires but adding six newcomers. There are many cities in the world which are tremendously rich. The GDP of Tokyo is $1.52 trillion. China retains its title as the country with the most cities in the top 10, with Shenzhen moving up one spot to No. Share Facebook Twitter Google+ ReddIt WhatsApp Pinterest Email. from people staying indoors and spending more time online. Let’s take a look at the other richest cities in the world with most billionaires per capita where the top 1 percent live, starting with number 25: Share Tweet Email. These four cities are, Singapore broke into the top 10, replacing Seoul, which was No. One of the largest cities in the world with the GDP of about 1,520 billion dollars, Tokyo is the wealthiest city in the world in terms of GDP ranking. Cities may be defined as the cities proper, the extent of their urban area, or their metropolitan regions. The manufacturing and export hub across from Hong Kong added five members to the three-comma-club in the last year, all of them self-made. Singapore broke into the top 10, replacing Seoul, which was No. Other Shanghai entrepreneurs are newcomers to the list, including Wang Jilei, who draws his wealth from express delivery firm ZTO Express, and Chen Rui, whose anime and entertainment site Bilibili saw an uptick in demand after it gave residents of locked down areas free access to premium content. Cities may be defined as the cities proper, the extent of their urban area, or their metropolitan regions. New York City is home to more ultra-wealthy individuals than any other city in the world, with 120,605 residents worth $5 million or more. richest cities in the world A report by UBS 15 September 2012: Comparing domestic prices for a universal basket of goods against corresponding domestic wages allowed the UBS researchers to examine the difference in relative purchasing power. According to 2021 Forbes' World’s Billionaires list, New York City lost its crown of being the home to the most number of dollar billionaires to Beijing. While Shenzhen’s export-led manufacturers have struggled from the effects of the trade war with the U.S., the city’s billionaires added $29.7 billion to their collective net worth since 2019. Newcomers to the billionaire ranks who live in San Francisco include private equity dealmaker Orlando Bravo and cloud communications entrepreneur Vlad Shmunis. The Most Expensive Cities in the World. Luxembourg (GDP per … Tokyo has 39 million residents which are 50% more than any other urban area of the world. More specifically, its a monetary measure of market value of all final … Figures here include all assets (property, cash, equities, business interests) less any liabilities. Major rich cities in the world are Tokyo, New York, Los Angeles and Seoul. From there, you can determine which states are wealthiest and then list the countries in descending order, from richest to poorest. We all know that many parts of the world are classed as “low income” or “developing” but what does that really mean for citizens in t GDP: $1,520 billion; Area: 2,187.6 square kilometers; Population: 13,185,502; Ranking 1st as the richest city in the world is Tokyo located in the Asian country of Japan. Hong Kong is once again the city with the second most billionaires in the world. The first of which is the amount of money a person earns, and the other is what they choose to spend their money on. What are top 50 richest cities in the world? Have you lived in any of the cities or are living right now? Newsletter. The United Nations uses three definitions for what constitutes a city, as not all cities in all jurisdictions are classified using the same criteria. Two of those in Beijing are new billionaires this year: of TAL Education Group, both of whom own companies that provide online education and after-school tutoring for students. Page 1 of 26. Five are new billionaires from the finance industry, including private equity wizards Tony Tamer and Steven Klinsky. 4, respectively. For this, the Californian coastal city of San Francisco leads the … What are top 50 richest cities in the world? When you rank cities based on their Gross Domestic Product (GDP), then Tokyo is the most wealthiest city in the whole world. The data shown in this chart represents the total amount of private wealth held by all the individuals living in each of these cities. Though London had a net gain of one new billionaire this year, this city that appeals to the world’s 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. Though London had a net gain of one new billionaire this year, this city that appeals to the world’s 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, . This needs updating, especially for Asian cities. The Chinese capital’s tally of ten-figure-fortunes rose by six since last year to reach 67 billionaires. , who is also the richest person in the nation. The biggest city in the U.S. and home of the world’s two biggest stock exchanges, New York has housed the most billionaires for five years running. The GDP of New York in 2018 is $1.21 trillion. Two of those in Beijing are new billionaires this year: Larry Xiangdong Chen of GSX Techedu and Liu Yachao of TAL Education Group, both of whom own companies that provide online education and after-school tutoring for students. 7 and Shanghai and Beijing staying flat at No. Where personal wealth is concerned, there are two sides to every story. source. For example Beijing's is now 447bn back in 2018, a climb from 29th position to 8th. I'm a graduate of Columbia Journalism School and UC Berkeley, and my work has also appeared in the Houston Chronicle, the Calgary Herald, and more. Those include Abhay Vakil, who heads India’s largest paint company, Asian Paints, and the Parekh brothers, who control adhesives and sealants maker Pidilite Industries. More than 80% of Russia’s billionaires call its capital home, including mining mogul Vladimir Potanin, who is also the richest person in the nation. ed from the effects of the trade war with the U.S., the city’s billionaires added $29.7 billion to their collective net worth since 2019. Top 10 Most Richest Cities In The World دنیا میں موجود سب سے امیر ترین شہر In This Video I Will Tell You About Most rich cities In The World Hope You Guys ...source Thursday, May 6, 2021 GDP: $516.5 billionArea: 6,340.5 square kilometersPopulation: 23,019,148With the Chinese economy experiencing a big boom, it is no wonder that a Chinese city will make it to the list. Rising development costs and foreign competition had already felled the fortunes of South Korea’s pharmaceuticals sector, before coronavirus concerns hit the country’s economy in late February — in total, thirteen Seoul-based billionaires dropped off the list. Find out in this video. Each of the columns in the table is sortable by pressing on the arrows at the head of the column: GDP-2019 is a preliminary data, and GDP-2018 is a revision based on the 2018 CASEN: Organisation for Economic Co-operation and Development, List of metropolitan areas in the European Union by GDP, List of most expensive cities for expatriate employees, List of country subdivisions by GDP over 200 billion USD, "GDP Implicit Price Deflator in United States", "Composition of macro geographical (continental) regions, geographical sub-regions, and selected economic and other groupings", "Posição ocupada pelos maiores municípios brasileiros em relação ao Produto Interno Bruto, Est. Property prices fell across the board in Hong Kong in late 2019, damaging the real estate industry that is the source of wealth for many of the city’s richest, including Hong Kong’s sole newcomer — real estate developer Lun Ruixiang. . 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. [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. Unsurprisingly, Frankfurt is also the most expensive city in Germany, as well as being the richest, with about 3.9% of the people living there being millionaires. 15 Cities With The Richest Citizens In The World. Apart from being known as the city of romance, it is the capital of the world when it comes to fashion and all types of clothing. Next Post . The 10 Poorest Cities in the World. The Leukemia & Lymphoma Society BrandVoice. Singapore’s richest resident, Zhang Yong, is also China’s 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 company’s stock over the past year. The wealthy city-state has 31 billionaire residents, up from 22 last year, and replaces Seoul in the top 10. There's a lot of smaller communities that cater to the super-rich. It's all too easy to forget the levels of inequality in the world. 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. 7 and Shanghai and Beijing staying … New York was once again crowned the world's richest city overall - its near 25,000 ultra high net worth residents adding to a total net worth of the city that exceeds $400 billion. This position as the richest city is an increase from its 2011 rank when it came in second place to the Nordrhein-Westfalen region in Germany. New York City notched the top spot for the sixth year running, growing its count of billionaire city dwellers by eight compared to 2019. In the past, I've covered everything from oil & gas for Bloomberg News to the 2014 Indonesian presidential election for. Newcomers from other sectors also joined the ranks, including AI pioneer, Hong Kong remains No. Here is the definitive list of the top 55 most affluent countries in the world, starting with the wealthiest country. The wealthy city-state has 31 billionaire residents, up from 22 last year, and replaces Seoul in the top 10. The United Nations uses three definitions for what constitutes a city, as not all cities may be classified using the same criteria. You get to see fashion designers all over places. Hong Kong is once again the city with the second most billionaires in the world. It is known as the city of romance. Mumbai gained one billionaire resident since 2019, losing five billionaires but adding six newcomers. Other notable NYC billionaire residents include hip-hop superstar Jay-Z and Julia Koch, the widow of former Koch Industries magnate David Koch. Singapore’s richest resident. Seoul is the world's 4th richest city too, at In 2017, Hong Kong overtook New York as the world’s richest city. © 2021 Forbes Media LLC. 4, respectively. 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