But because of the many activities going on in cities, it has become challenging to determine the richest cities in the world. Catholics make 32% of the 66% of Germany's Christian population. San Francisco topped the index, with residents bringing in an average of $6,580 a month, the Golden Gate City has the highest salaries in the world for 2019. Its area of 18,941 km2 (7,313 sq mi) is far larger than the administrative territory of le-de-France, which includes Paris (12,012 km2 (4,638 sq mi). Highlighted rankings: Restaurants (1), Shopping (1) "Despite the pandemic and subsequent derailment of Japan's plansor perhaps because of themthe Japanese government remains steadfast, keeping its target of 60 million visitors and $136 billion in tourism revenue by 2030. Britain was second with 120 billionaires, and Switzerland was third with 111. According to the Brookings Institution, in 2011, the Paris metro area has the largest economy in Europe and the fourth largest in the world. Luxembourg A small European country that shares a border with France, Belgium, and Germany. 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). When a new municipality outside of Paris reaches the minimum number of commuters, it is considered part of the Paris metropolitan area. It has the busiest container port in the world and serves as an international financial center. In terms of business activity, 76.7% is related to trade and services, whereas 3.4% is related to manufacturing. It first came into existence in the 1100s and grew to become Russia's political and economic centre. But are most of their bank accounts pretty fat? But Houston also has the Port of Houston, which serves as one of the most significant shipping hubs of the USA and the world. With a per capita income of $102,941, Frankfurt, Germany, is the second wealthiest city in the world, behind only Dublin, Ireland. Now the Midwest is starting to make some noise. Image Source. The city is poised to benefit from the range of new infrastructure constructed for the Olympics which will no doubt come in handy in the future. The Richest Cities are shown below, based on GDP (Gross Domestic Product) data from 2011. Shanghai started as a fishing village and market town. Some of these cities have so much wealth that they are significant economies on their own and are even more remarkable than some national economies. That is because cities have become centres of innovation, creativity, and culture and are the focal points for finance, business services, corporate headquarters, and government. Macao SAR is projected to make it to fourth place in 2022 with a per capita income of $82,252.93. The success of these companies have made some of them cross the $1 trillion threshold, while the owners have made tens of billions of dollars, some even crossing a hundred billion in net worth . Approximately 30 percent of Frances gross domestic product is generated in the Paris metropolitan area, which consists of the City of Paris and the le-de-France region (Paris Region). Today, Shanghai is Asia's commercial and financial hub and a significant player behind Chinas booming economy. Along with New York, Paris, and London, Milan is often regarded as a global fashion capital. The historic Ukrainian capital is the urban beacon of courage and resilience leading a defiant nation against a murderous aggressor. 2 . 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. The European Union (EU) averaged 2.5% yearly economic growth (GDP) between 1996 and 2000, hence annual growth in the EU was above average. Milan, the Lombardy regions headquarters in northern Italy, is the countrys wealthiest metropolis. We take a look at the results. 1. Lastly, London is home to several of the most well-known Fortune Global 500 firms, including the Lloyds Banking Group, Prudential, J. Sainsbury, BP, Tesco, and Vodafone Group, amongst others.if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'worldstopinsider_com-mobile-leaderboard-1','ezslot_14',138,'0','0'])};__ez_fad_position('div-gpt-ad-worldstopinsider_com-mobile-leaderboard-1-0'); The city of Los Angeles makes significant efforts to foster economic growth in the local community. Frankfurt in Germany is the second richest city after Dublin with an income of $102,941 per capita. New York also generates lots of wealth because it is the headquarters for the United States financial industry, better known as Wall Street. 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 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 Top 15 richest companies in the world and their net worth in 2021. Read Also:Serbia Economy In Europe [Facts & History]. These are the only two cities with trillion dollar economies. 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. Furthermore, Washington DC is among the most competitive financial centres in the world. It is also known as the Ruhr area, Ruhr district, Ruhr region, and Ruhr valley. Larry Ellison 5. Median home values in the 50 richest cities begin at $498,900, about double the median nationwide of $244,900, and reach over. Dublin is the most populous city in Ireland as well as the countrys capital and economic center. 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. Its boundaries are unclear because they are not tied to any form of governmental delimitation. Tanatat Pongpibool/Getty Images. The 10 Richest Cities In The US For 2022 Cary, NC Centennial, CO Frisco, TX Sunnyvale, CA Fremont, CA Bellevue, WA Pearland, TX Olathe, KS Overland Park, KS League City, TX Is everyone in these places loaded? 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. According to New World Wealth, private wealth is a better indicator of the financial health of the economy than GDP, although this remains debatable. Several industries, including health care, tourism, real estate, technology, publishing, fashion, journalism, and insurance, all significantly contribute to New York Citys economy. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[250,250],'worldstopinsider_com-banner-1','ezslot_9',115,'0','0'])};__ez_fad_position('div-gpt-ad-worldstopinsider_com-banner-1-0'); The findings of a survey conducted by Teleport indicate that Osaka performs admirably in the categories of reasonably priced housing, community safety, commercial opportunities, and medical care. The thirteenth edition of the Global Wealth Report shows continued wealth growth across all regions led by North America and China. View from Mount Fuji of Chureito Pagoda, outside of Tokyo. Chicago, or the City of Chicago, is one of the largest urban areas in the world, with a GDP of $619 billion. Unemployment and a waning economy have meant the citys number one position is under serious threat. (Based on all 212 countries evaluated. Items such as pharmaceuticals, automobiles, airplanes, and machinery are among the manufactured commodities exported by European nations. Unlike other cities in the USA, Washing leads in the number of tourists or visitors it receives every year. But theyre also leading like they always have the recovery and future-defining next stage of human innovation.. All policies come with the Heymondo App which features 24-hour medical chat, free assistance calls and easy claims management. Catholic Church in Germany - $26 billion. It wasnt until 1959 that a wellspring of natural gas was discovered in Amsterdam, and since then the city has maintained a stable supply. Some of them rank among the wealthiest people in the world. 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. Boosting his wealth is a $100 billion valuation of SpaceX. But the economy has been changing from a manufacturing hub to a knowledge hub. In 2021, the average gross wage was 47,544, or 9.29% more than the average gross salary in Germany. Los Angeles, USA The city of Los Angeles makes significant efforts to foster economic growth in the local community. Riyadh in Saudi Arabia, Sharjah and Dubai in the United Arab Emirates, Lusaka in Zambia, and. Houston is the fifth-most populous city in the United States. Today, Moscow has a GDP of $604 billion. Tokyo, Japan. 3. Before the advent of Covid, Chicago had around 55 million visitors in 2017. Manage Settings 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. RANKED: These Are The 50 Richest Towns To Live In The United States, 2020 Sophie Ireland C-Suite Lifestyle February 21, 2020 With an average household income of more than $525,000, Atherton, California is the richest town in the United States, that's according to a Bloomberg report. The UK capital scored highly in the programming, promotion, product and prosperity categories but was some way behind in the place category. Wall Street is the driving force behind New York Citys thriving economy, which is the biggest in the United States. As a result of its current status as a hub for numerous industries, including the arts, sciences, finances, publishing, culture, innovation, education, business, and tourism, the city of Munich ranks highly in surveys measuring both standards of living and quality of life. Beijing, China: $591.374 Billion Beijing is the capital of China and has a population of over 20 million. The European Union (EU) averaged 2.5% yearly economic growth (GDP) between 1996 and 2000, hence annual growth in the EU was above average. Denmark, Iceland, Singapore, Australia and Qatar round up the top ten nations. Based on its economic potential, FDI Magazine named Barcelona the Southern European City of the Future for 2014/15. With an estimated GDP of $310 billion, Mumbai ranks number one in the list of the richest cities in India. About 84% of Berlins businesses are engaged in some form of service activity, making up the citys largest economic sector. The wealthiest city in Europe right now is Frankfurt with a GDP of 74,465 Euros. 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. The top five cities with the fastest growing millionaire populations are not in the U.S., however. Peking, Dallas, and Chicago will be among the 10 richest cities by 2022. 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. Photo by Shutterstock. Bernard Arnault 2. 5. Its not always the case, but bigger isnt necessarily better when it comes to the wealthiest cities in the world.var cid='6538307557';var pid='ca-pub-5656155109851412';var slotId='div-gpt-ad-worldstopinsider_com-medrectangle-3-0';var ffid=2;var alS=2021%1000;var container=document.getElementById(slotId);container.style.width='100%';var ins=document.createElement('ins');ins.id=slotId+'-asloaded';ins.className='adsbygoogle ezasloaded';ins.dataset.adClient=pid;ins.dataset.adChannel=cid;if(ffid==2){ins.dataset.fullWidthResponsive='true';} The GDP of this city in 2018 was $789.7 billion. Hong Kong 2. Madrid became Spains second industrial city after Barcelona in the 20th century, when it saw the emergence of a thriving manufacturing sector. On this list, New York City was ranked as the richest city with a total of $3 trillion in private wealth. The business has been practiced in Barcelona for centuries. Total global wealth grew by 9.8% and wealth per adult reached USD 87,489. The consent submitted will only be used for data processing originating from this website. Not surprisingly, many of the richest cities based on the wealth of its citizens are also on the top list of richest cities by GDP. Slower growth was a result of the recession that began in the early 2000s and persisted until 2005. Berlins economy felt the effects of the citys shifting geopolitical fortunes between 1961 and 1989. Socit Gnrale, the worlds fourth largest bank, is headquartered in Paris and operates out of the La Defense business district. Pune - Oxford Of The East. New York. The Dnipro, one of Europe's largest rivers, divides Ukraine . Some of its industries include finance, education, scientific research, and public policy. Johannesburg, South Africa. Madrids rapid expansion, especially in the 1990s, made it one of the wealthiest cities in Europe, and this trend continued for most of the decade of the 2000s, with an annual growth rate of 3.4% from 2000 to 2009. The importance of the shipping industry to the worlds economy has been eclipsed in recent years by the growth of service-oriented businesses such as the financial sector. The three richest cities in the world by GDP are Tokyo ($1,790 billion), New York ($1,732 billion), and Los Angeles ($1,048 billion). The Small Business Improvement Fund, the Chicago Recovery Grant, the Special Service Area Program, Tax Increment Financing, and several other programs are included in these projects. Los Angeles is also one of the biggest global centres of international trade, tourism, media, business, education, sports, and technology. With 176, Germany ranked third in the world and first in Europe in terms of the number of billionaires. Madrid, as the countrys capital, is a hub for both the political and economic spheres, as well as the academic and scientific communities, as well as the financial and banking sectors (research centers and universities). For example, it has many trading houses, specialised trading companies, and department stores. Osaka is known as a hub of learning owing to the numerous colleges of high grades located in the city, such as Osaka University and Kansai University.if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'worldstopinsider_com-large-leaderboard-2','ezslot_4',134,'0','0'])};__ez_fad_position('div-gpt-ad-worldstopinsider_com-large-leaderboard-2-0'); As a result, Osaka draws enterprises that are creative and inventive. Score: 87.97. The Top 10 Richest Countries in the World (by GNI per Capita, Atlas Method, current US$ - World Bank) Liechtenstein - $116,440 Switzerland - $84,310 Norway - $78,180 Luxembourg - $73,500 United States - $64,530 Ireland - $64,150 Denmark - $63,070 Iceland - $62,420 Qatar - $56,210 Singapore - $54,920 Lastly, London is home to several of the most well-known Fortune Global 500 firms, including the Lloyds Banking Group, Prudential, J. Sainsbury, BP, Tesco, and Vodafone Group, amongst others. Subscribe to our Newsletter for Latest Updates So you don't Miss out anything. Here is a look at some of the richest cities in the world based on their GDP. Ahmedabad - Textile Hub Of India. The city is known for its bustling economy, world-renowned technology, and advanced infrastructure. This central metro region has a long tradition of serving as Germanys primary center for the countrys heavy manufacturing industry. The top ten richest cities based on GDP include: Another way that the richest cities in the world can be measured is through the total wealth of its residents. Furthermore, the city has become a global centre for innovation and finance and a national focal point for commerce, transportation, and trade. how many casinos are there i Mumbai - City Of Dreams. The manufacturing industry was formerly the dominant sector, but in recent years, it has been overtaken by more cutting-edge fields such as high technology, financial services, and electronic products. With a rate of 6.1% in October 2018, unemployment was much higher than the German average. The metropolis offers as many restaurants as the top five cities combined more than 100,000 in total! 10. This is why LA is #3 on the list of wealthiest "cities". The Financial Capital of India, Mumbai, tops the list with an estimated GDP of $310 billion. It exerts significant influence on commerce, fashion, arts, finance, media, communications, entertainment, education, and tourism in England. This support is so strong that it even affects the stock prices of these companies. Weve used several providers over the years and are now covered by an annual multi-trip policy from Heymondo. For example, the gross domestic product, or GDP, can be used as a measure of a citys wealth. In addition, Paris is the headquarters of several Fortune Global 500 corporations, including BNP Paribas, Peugeot, CNP Assurances, SNCF, and Vivendi, amongst others. While there are affluent areas all across the country, most of the very richest . At 33.809, Madrids GDP per capita is 35% more than the rest of Spain. In terms of economic growth and population, it is among Germanys most successful and dynamic metropolises. Tokyo is home to several Fortune Global 500 corporations, including Honda Motors, Hitachi, Sony, and Mitsubishi. Top 50 Richest Countries In The World 1. 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. 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. Furthermore, the city is home to many financial and service industries, high-tech, and information and communications. As of 2021, it has a GDP of $479 billion. In. 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. After the 1871 Great Chicago Fire that left thousands of people homeless, Chicago started a rebuilding plan that resulted in the construction boom. 20 largest tech companies in the world by revenue in 2021. Even though it only covers a small percentage of the total land area, Berliner Umland is home to the great majority of the regions people. Currently, the Rhine-Ruhr metropolitan area is the second largest metropolitan GDP in the European Union, contributing close to 15% of Germanys total GDP. Check out the world's richest cities for 2020 below. Here are the ten wealthiest cities in the Philippines in 2021. The lifestyle publication Monocle ranked Barcelona as the twenty-fourth most livable city in the world in 2015. This city has a population size of over 24 million and is designated by the Chinese government as a "Free Trade Zone". Porto, Portugal. Los Angeles is home to many car manufacturers, including Honda, Mazda, Hyundai, Suzuki, and Mitsubishi. This is because approximately 160,000 enterprises in the area employ the citys working-age population. The top ten richest cities in the world based on private wealth include: Silicon Valley, California, United States. Furthermore, the city has been the centre for diplomacy, fashion, science, and the arts. Its the biggest in Spain and one of the biggest in all of Europe. Berlins immediate agglomeration, which consists of the city and the neighboring Brandenburg municipalities, is known as Berliner Umland (English: Berlins surrounding countryside or Berlins countryside). Many cities in India are densely inhabited, trade between them has improved, and transportation systems have been modernized. However, the city is making up ground quickly, as productivity is increasing by 2.5% per year in real terms. Sao Paulo has a GDP of $409 billion. 1. The USA is the only country with a large surface area and population among the highest-ranking nations, ranking eleventh. The difference. Seoul plays a crucial role in South Korea because it generates half of the countrys total GDP. It is also the leading US city in a number of key sectors including aeronautics, basic materials (oil and gas), biotech, and engineering. Continue with Recommended Cookies. China, with 12,556 USD per inhabitant, only reaches 79th place. Also, Barcelona is ranked number thirteen on the Innovation CitiesTM Global Index by the same group, the Innovation Analysts 2thinknow. You are already subscribed to our newsletter! However, in recent years, this sectors growth has slowed and is gradually replaced by others, including financial services, trade, information technology, real estate, and commerce. The policy covers us for theft, medical expenses up to $10m USD, cancellation and Covid-19 coverage. 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 . And there's no clearer demonstration than when the world's richest cities are broken down into raw numbers. London City | Photo: Reuters 7. 4. According to the World Bank and the International Monetary Fund, Amsterdam will be the 17th largest city in the world in 2021 (in terms of Gross domestic product; GDP). Apart from being a powerhouse in Europe, London is also a major financial centre globally, with over 450 banks hosted in the city. Topping the list with a total wealth of $248 billion is South Africa's largest city, Johannesburg. Washington DC is the capital city of the United States of America and the seat of the United States Federal Government and international organisations. As of 2021, Seoul has a GDP of $915 billion. Shanghai is also home to the Port of Shanghai, the worlds busiest container port. Although Washington attracts many tourists, it enjoys a diversified economy. Be the first to get hottest news from our Editor-in-Chief, Check your email and confirm your subscription. Some of these companies are as follows: Verizon, JP Morgan, Pfizer, Citigroup, MetLife, Goldman Sachs, and Morgan Stanley. The city rakes in about P19.775 billion pesos where most of which comes from its large sardine industry. Advertisement. Dublin is not just home to the national parliament and the bulk of the government bureaucracy, but also the countrys main media outlets. According to various estimates, the Japanese capital is home to 13.1 to 13.7 million people. Hence, the city is also dubbed the "Sardine Capital of the Philippines.". The cannabis industry is very new, yet it has already contributed to the rapid expansion of the citys economy. Los Angeles is the second-most populous urban region in the United States. Furthermore, London has the highest concentration of higher education centres in Europe and has the world's most expensive office market. * 1. When it comes to purchasing or renting a home, Munich is frequently rated as one of the most expensive cities in Germany. Top 25 Best And Smartest Robots In The Top 15 Fastest Motorcycles In The World 2023, Top 10 Most Beautiful And Amazing Desert Oasis In The World, Top 25 Amazing Places To Visit Before You Die, Top 10 Richest Billionaires Men In Zimbabwe, Top 10 Most Women with the Most Attractive Figure, Top 15 Most Famous Celebrities From Newyork, Top 20 Most Watched News Channels In The World, Top 10 Best Juice Brands In The World (Updated), 15 Best Shampoo Brands In The World 2023 (Top Highest Selling). Antigua Guatemala, Guatemala. Ada Colau, the mayor of Barcelona, has introduced several schemes as part of her superblock initiative as well as added over 100 miles of bike lanes. Parts of the regions of Aisne, Aube, Eure, Eure-et-Loir, Loiret, Marne, Oise, Seine-Maritime, and Yonne are included outside of the le-de-France area. This has been contributed by the fact that these states prioritize cleanliness. John D. Rockefeller is often cited as the world's first billionaire, achieving that status in 1916 largely through his ownership of Standard Oil. The next richest city based on GDP is Los Angeles, California in the U.S. Where Do Most Billionaires Live In Europe? Furthermore, New York is a city with the most millionaires per capita. The INSEE metropolitan area statistics for Paris as of 2022 include 1,929 separate communities. The counties of Dublin (Dublin City, South Dublin, Dn Laoghaire-Rathdown, and Fingal), Meath, Kildare, and Wicklow make up what is called the Greater Dublin Area, according to the Dublin Transport Authority Act of 2008. Growing in both size and number, cities are hubs of government, commerce, and transp To be more explicit, gross domestic product is the sum of the monetary or market worth of all completed products and services produced inside a nations boundaries within a certain period. Len Blavatnik, a Ukrainian-born oil and media magnate, is the richest person in the city, with a net worth of $32.5 billion. 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. Beijing is the capital of the People's Republic of China and the most populous national capital city in the world. 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. Setting aside exchange rate movements, aggregate global wealth grew by 12.7% in 2021, which is the fastest an . Osaka has a strategic location that makes it ideal for international companies to invest with local partners. 1. As of 2009, Madrids GDP per resident was 11% lower than the EU average of the top 10 cities. Indian richest cities 2021 1. Wherever you decide to live, work or visit, make sure you have travel insurance.We've used several providers over the years and are now covered by an annual multi-trip policy from Heymondo. The city first became a financial muscle in the early 1800s. 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. This is because many different factors can be used to determine a citys wealth. The richest communities in America for years have been in Silicon Valley and the New York City area. 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. Which is the cleanest city in the world? Read Also: North Macedonia Economy In Europe [Facts & History]. Los Angeles is the manufacturing hub of the nation, which is a truth that is not well recognized. Many of the richest suburbs also have very expensive homes. Much of the city's extensive wealth derives from its prime position in the Witwatersrand hill range, an area replete with minerals and the center of a very profitable gold and diamond trade. Telefnica, Iberia, Prosegur, BBVA, Urbaser, Dragados, and FCC are just a few of the major companies that are hiring. 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. With this in mind, Canadian consultancy film Resonance, which has offices in Vancouver, Montreal, Singapore and New York, has published its annual report ranking 100 cities with populations of over one million. The richest cities in the world all come from developed countries. 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. The phrase can also be used in a narrower sense to refer to the city of Dublin and its surrounding suburbs. According to Eurostat, in 2004, Barcelona city had a GDP per head of 80,894. Kia, Daewoo, and Hyundai are three other corporations essential to Seouls economys prosperity.if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'worldstopinsider_com-large-mobile-banner-2','ezslot_10',122,'0','0'])};__ez_fad_position('div-gpt-ad-worldstopinsider_com-large-mobile-banner-2-0'); The Korea Exchange on Yeoui Island serves South Koreas version of Wall Street. 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