Furthermore, being a world-class city, Seoul's cost of living is high compared to other cities in Asia, especially in regards to its real estate prices. "Leading cities with the most billionaires in 2022." However, today it has moved on to other, more profitable economic interests such as finances, high tech and insurance, to name a few. Among the top 10 richest economies, Ireland has the fastest-growing economy with 13.04%. The Shenzhen Special Economic Zone or SEZ is an important business and financial services center in China. This is a list of cities in the world by gross domestic product (GDP). The wealthy city-state has 31 billionaire residents, up from 22 last year, and replaces Seoul in the top 10. 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. area followed by Delhi, Kolkata, Bangalore and Chennai. Billionaire refers to U.S. dollar billionaire. L.A. is also abuzz with development projects, such as refurbishing businesses like Manns Chinese Theater, as well as infrastructure projects. She finds almost all topics she writes about interesting, but her favorite subjects are travel and food. A massive powerhouse in Seoul is Samsung. Though San Francisco relishes in its economically wealthy reputation due to the nature of Silicon Valley and its billionaire population, Los Angeles enjoys a similar status. Kolkata- GDP $150.1 Billion. In detail, 144 billionaires resided in the capital of China. 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. Other notable NYC billionaire residents include hip-hop superstar, , the widow of former Koch Industries magnate. Dallas is known to attract innovation, and one look at some of the top companies in Dallas proves it: AT & T, Texas Instruments, Pinnacle Group, Solera and Capital Networks, among others. 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. 6 and No. Tripoli and Tehran, the capitals of Libya and Iran, respectively, follow next on this list, reflecting their weakened economies. 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To use individual functions (e.g., mark statistics as favourites, set But what are the fastest growing cities for the rich? Newcomers to the billionaire ranks who live in San Francisco include private equity dealmaker Orlando Bravo and cloud communications entrepreneur Vlad Shmunis. Aside from establishing the NYSE in the early 19th century (formerly known as the New York Stock and Exchange Board), the city was set in a convenient location for trading, due its proximity to the Hudson River and the Great Lakes. After their divorce, MacKenzie received a 4% stake in Amazon, which was worth about $35 billion at the time. 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. According to various estimates, the Japanese capital is home to 13.1 to 13.7 million people. The city-state of Singapore is the wealthiest country in Asia, with a per-capita GDP of . The 150 richest cities in the world by GDP in 2020 11 March 2007: The tables provide GDP figures for cities and their surrounding urban areas in 2020. This international city has over 192,000 resident millionaires with 34 billionaires. Number of individuals with a net worth of $5 million or more: 49,005 Percentage of global population: 1.7% Paris is the capital and most populous city of France, with an estimated population of 2,150,271 residents as of 2020, in an area of 105 square kilometers (41 square miles). Retail Investors Most Popular Stocks of 2023 So Far, Consumer Price Inflation, by Type of Good or Service (2000-2022), Mapped: Unemployment Forecasts, by Country in 2023, Decoding Googles AI Ambitions (and Anxiety), Ranked: Americas 20 Biggest Tech Layoffs Since 2020, Infographic: Generative AI Explained by AI, Infographic: 11 Tech Trends to Watch in 2023, Ranked: The Top 50 Most Visited Websites in the World, Visualized: The Most (and Least) Expensive Cities to Live In, Visualizing $65 Trillion in Hidden Dollar Debt, Visualizing the Relationship Between Cancer and Lifespan, Visualizing How COVID-19 Antiviral Pills and Vaccines Work at the Cellular Level, Mapped: The Most Common Illicit Drugs in the World. The top 10 riches cities in the world behind New York City were Tokyo, San Francisco Bay Area, London, Singapore, Los Angeles and Malibu, Chicago, Houston, Beijing, and Shanghai. When determining the GDP, the UN classifies 3 methods to determine it: City proper, urban area and metropolitan regions.. Our numbers for the richest cities in the world are based on the metropolitan statistical region. With the onset of free-market reforms in the 1990s, Beijing saw its economic development soar. [1] The list is limited to the top 50 companies, all of which except Elevance Health have annual revenues exceeding US$140 billion. In fact, Delhi's population can beat Tokyo by 2028. The City of Chicagos economy is home to a strong financial sector which includes the Chicago Board of Trade, NYSE Arca, Chicago Mercantile Exchange, Chicago Board Options Exchange and the Chicago Stock Exchange. 1.Tokyo, Japan (GDP - $1,520 billion) The richest city in the world in 2022 is Tokyo. Accessed March 04, 2023. https://www.statista.com/statistics/299494/billionaires-top-cities/, Hurun Research Institute. 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 citys richest, including Hong Kongs sole newcomer real estate developer Lun Ruixiang. Cairo Cairo Pyramids Hotel - Cairo, Egypt (photo: Marriott) ADVERTISEMENT Located along the Nile River, Cairo is one of the. 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. 12. Please create an employee account to be able to mark statistics as favorites. On a related note, there is a sizeable population of secondary homeowners in London. The Fortune 500 companies hosted by Boston include: State Street, Liberty Mutual Insurance, Gillette and General Electric. This includes the burgeoning FinTech, or financial technology industries. Macao SAR will climb from 17th in 2020 to 9th in 2021. At 35 years old, Mark Zuckerberg is the youngest richest person by more than a decade. A home stands in Atherton, California, U.S., on Tuesday, Feb. 18, 2020. Many cities in India are densely inhabited, trade between them has improved, and transportation systems have been modernized. 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