Beautiful panoramic view of Paris from the roof of the Triumphal Arch An earlier report from the Department of Finance also placed Quezon City as the country's richest city in terms of locally sourced revenue, which stood at P21.57 billion, still higher than Makati's P14.99 billion.. Even before the Euromaidan revolution, locals in one of the citys most picturesque areas fought to preserve it from destruction. The city also elected mayor Ada Colau on a Barcelona-for-citizens platform. 6), Singapore (No. New York City, USA. Plus, of course, a 42,000-square-foot rooftop park for what will likely be almost 10,000 employees in a few years. This is followed by Los Angeles with 52 billionaires, and San Francisco and Chicago, who each have 44 billionaires. It is the largest urban economy on the planet. In the United States, some of the wealthiest neighborhoods tend to be located along the West Coast, with locations like Beverly Hills, California considered to be the wealthiest zip code in the country with a median home price of more than $7 million. The richest 20 people in the world had a combined net worth of $1.5 trillion. Thats one more billionaire than the 99 living in New York City. According to a 2019 report from Spectrem Group, a financial market research firm, there were 11 million households in the US that could be considered millionaires. Check out the worlds richest cities for 2020 below. But for resilient New Yorkers, those attacks of course merely steeled their resolve for better days amid the death, protest and malaise. At least the world got to see a bit of Beijings splendor during the curtailed 2022 Winter Olympic Games, with the brand-new airport getting its due globally. And, as of a few months ago, dive into the worlds deepest swimming pool (for diving), as certified by Guinness World Records (which, if it hasnt already, should really just relocate permanently to this place solely dedicated to rewriting it). It also has some of the most expensive real estate in the world and is often referred to as the richest street in the world. For the last seven years, New York City has been home to more billionaires than any other city in the world. We have benchmarked 2024 to be back to previous record-setting numbers.. Medical instruments also make up an important of the countrys yearly exports. New York is the pre-eminent global city of the wealthy, reads the Wealth-X & REALM report. Luxembourg GDP Per Capita: $140,694 Luxembourg is a country in Europe which most people cannot even find on a map; but it is the richest country in the world by GDP figures. Dublin is the wealthiest city, with a per capita income of $115,094. Most such agglomerations are economically, socially and culturally dominated by one city at their centre. Another, more disturbing metric of tech and foreign investment into the city? if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'coalitionbrewing_com-leader-3','ezslot_13',154,'0','0'])};__ez_fad_position('div-gpt-ad-coalitionbrewing_com-leader-3-0');Similarly, in New York City, some of the most expensive neighborhoods are found on the Upper East Side of Manhattan, with the areas high-end properties regularly valued at more than $60 million. Pragues compact, walkable fairy-tale spirit is still found in century-old cobbled streets and (publicly accessible) hilltop Prague Castle, which has also emerged from lockdown with Salm Palace, which houses National Gallery exhibition spaces, fully renovated. The citys ascendant infrastructure is hot, too. That is, until recently, when over a few days in October, a wave of self-destructing Iranian-made drones launched by Russia started terrorizing the citys skies and killing citizens. After dipping amid last years scramble to host the 2021 Summer Olympic Games, the city remains incredibly safe, ranking #4 in our Safety subcategory. And its not just household names setting up shop in the Irish capital. Macao SAR will climb from 17th in 2020 to 9th in 2021. Macau $135,120 3. Ireland is the third-largest island in Europe, and the twentieth-largest on Earth. 1. But new, even larger residential towers have sprung up over the last decade. A dozen other museums are set to open, with collections ranging from the world of the samurai to video games. Its #16 Prosperity ranking includes #9 finishes in our Employment and GDP per Capita subcategories. Speaking of the future, the citys sensory overload of a Museum of the Future just opened to instant landmark status. Shanghai remained at No. Mindy Wright is CEOWORLD magazine's Deputy Commissioning Editor, and leads global newsroom coverage and management. 1 on our annual list. They come for some of the worlds lowest corporate taxes and stay for the home- grown economic development initiatives like Irelands Local Enterprise Office, which supports international companies with mentoring, training and financial grants. It is a multi-ethnic society, although nearly 97 percent of the population is white. Fortune 500 companies include Discovery Communications, Fannie Mae, Walmart and CACI International among others. Visualizing Bidens $1.52 Trillion Budget Proposal for 2022, Mapped: GDP Growth Forecasts by Country, in 2023, Visualizing the Odds of Dying from Various Accidents. That includes two of the top 10 firms by market cap, Tencent and Alibaba. And speaking of Notre Dame, its reopening in 2024 aligns with what will be a vital year for the city, when it also hosts the 2024 Olympic Summer Games, with many events integrated right into the revered urban fabric. An 85-year Harvard study found the No. As a result of its importance to the global economy, Wall Street has become synonymous with wealth and success. Big shopping malls provide plenty of opportunities for entertainment, and no geopolitical crisis, contentious election or looming threat of Russian invasion have stood in the way of new investments: construction cranes are everywhere. 1 ranking as Beijing recorded a net gain of 33 new billionaires. St. John. Luxembourg hosts many multinationals in the tech industry; chief among them being Skype and Amazon. London is back! Mortal enemy TikTok has prioritized London for years and just started a 15-year lease on an entire office block at Farringdon Crossrail station. Generally, there are a few major regions around the world where many of the wealthiest people can be found. Check out the world's richest cities for 2020 below. Madrid suffered greatly early on in the pandemic, when it was one of the planets hardest-hit capitals. Keep reading to find out more about the richest cities in the U.S. 1 Southlake, Texas Median household income: $240,248 A suburb of Dallas/Fort Worth, Southlake had an estimated population of 31,292 people as of 2019, with 69.7 percent of adults holding at least a bachelor's degree. 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. Its not as delusional as it sounds: the country enjoyed record tourism for seven straight years and can now accommodate even more visitors to Tokyo, with the expansion of the international terminal at Haneda, the citys main airport (ranked #65 globally). McCordsville. The promise of high salaries draws global workers who fuel the citys ambition and ideas and drive its #31 ranking for Global 500 companies. Beijing's richest billionaire is the founder of TikTok (among other things), Zhang Yiming with a net worth of $35.6 billion. Among the top 50 economies having the highest gdp per capita, Macao SAR . Americas intriguing capital city has the worlds attentionand is working to keep it. Yanukovych fled to Russia and Ukraine embarked on a democratic political transformation with an ambitious program to root out corruption. Santa Cruz-Watsonville, California Andrew Zarivny / Shutterstock Median household income: $89,269 Median home value: $839,500 (highest 10% of U.S. metros) She specializes in covering high-scale corruption, money laundering and other crimes. London and Paris are the major and richest cities in Europe with a GDP of US$835 billion and US$822 billion respectively. The citys top 10 Outdoors ranking should improve after its renewal. New York City, New York, United States - With a nominal GDP . It is predicted that Atlanta's GDP per capita will be $54,615 by 2021. Dallas Number of individuals with a net worth of $5 million or more: 36,515 Percentage of global population: 1.2% 9. All 10 cities recorded net gains of billionaire residents, reflecting the global growth in billionaires over the last year. The richest among them is French businesswoman Franoise Bettencourt Meyers, the. The Top 100 Companies of the World: Competition From China The biggest and most impressive competitor to the U.S. is China. All of that has changed, of course, with Frances removal of health measures earlier this year and tourism rushing back into the de-motorized streets, injecting much-needed revenues and, in some cases, exceeding pre-pandemic levels, according to government estimates. Barcelona responded with some of the strictest vacation rental restrictions anywhere, aimed at controlling the effects of runaway tourismlike real estate investors who snatch up apartments only to rent them on Airbnb, depleting an already limited supply. Heres a breakdown of the top 10 billionaire capitals and the collective net worth of all the ultra wealthy that live there. Singapore has a land area of 733.1 km2, and a population of 5.4 million people. With the more popular economies largely missing from this compilation, it seems that there are several economic realities that the world has not come to terms with. Companies are leaving for Austin and Florida as a result. And speaking of The Wharf, phase two of the massive Southwest Waterfront development is scheduled to open any month now. Courtesy of Capella Hotels & Resorts. Meetings and conventions of all sizes are back and the citys quiet productivity is humming again with the 19th-most Global 500 headquarters on the planet and renewed investment in Americas long-reigning Midwest economic powerhouse. There are hundreds of other rooms soon joining this increasingly daring culinary destination servingand welcoming the world once more. Such conflicts between local residents and developers are a common story in the Ukrainian capital: in order to save their neighborhood from unwanted development, its residents must tap their creativity and resourcefulness. Fortunately, were anticipating being back to 85 percent of 2019 levels within the year, said Chris Heywood, former executive vice president, global communications at NYC & Company, the destination marketing organization of the five boroughs. Minarets and church spires dot the bright skyline, while down at street level vendors plying their wares share the street with harried bankers and diplomats. It is officially the Macao Special Administrative Region of the Peoples Republic of China. According to the survey, 18% of the countrys population has some sort of investment in it. 9), and Rome (No. Looking further at the cities billionaires live in, the two cities with the most billionaires are New York City and San Francisco. The protesterschanting Ukraine is Europe all the whilecelebrated their victory. Declarations of love for the city have multiplied with social media channels, of course, and while Facebook check-ins #23) and Instagram hashtags (#33) have slipped due to lower tourism numbers, Rome still ranks #10 for Google Trends and TripAdvisor reviews. For the first time in seven years, the Big Apple lost its No. No, Dubai is not the richest city in the world. And no wonder the city was dealing with 12 million tourists annually, almost double its entire regional population. 1. Few cities serve up the ability to walk Western history like Roma. On average, Londons billionaire residents are 37% richer than they were last year. We added hundreds of new lists - see our top 101 city lists. Chicago has just over 166,000 millionaire households, making it the fourth city in the US with the most millionaire households. Kyivs cheap and efficient subway makes it easy for left bank denizens to make their way across the river to the heart of their capital. BUGATTI VEYRON LIMITED EDITION BY MANSORY VIVERE. Frankfurt in Germany is the second richest city after Dublin with an income of $102,941 per capita. San Francisco doesnt just welcome differences, it celebrates them, ranking it #34 in our People category, including #9 for Educational Attainment among its citizenry. LaGuardia Airport, Newark Liberty International Airport and John F. Kennedy International Airport all have new terminals, with the new Terminal B at LaGuardia alone boasting 35 gates (to say nothing of the FAO Schwarz on site). Americas great Midwest metropolis has an abundance of programming and culture, with the deep infrastructure and affordability that eludes many other cities. 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. Earlier this year, two pop-up stores dedicated to the Netflix show Stranger Things added to the fun. With a population of over 12 million people, it is home to the largest number of billionaires in the world. Because the foreigners are back. She can be reached on email. Of course none of this happens without the sustained facilitation of London & Partners, Londons official publicity arm, and the economic development organization that works to offer financial perks for all that relocation. 7 and Shanghai and Beijing staying flat at No. Beijings wealthiest newcomer is 34-year-old Wang Ning, whose booming toy business Pop Mart went public in Hong Kong in December 2020. The citys reinvention goes on through Cityland Mall, the worlds first nature-inspired shopping mall, which should be fully open by the time you read this. The infra- structure year ends with JFKs Terminal 8 unveiling 130,000 square feet of new and renovated space. There is also a 5% value-added tax. New wealthy residents who can now afford to check off a big item on the multi-millionaire bucket list: property in the best city on the planet. Kyiv is a city of many faces. Its why the city always ranks high in our Sights & Landmarks subcategory (#11 this year, just behind Barcelona). United Arab Emirates is multi-ethnic society; the demographic is broken down into 35.0% Indian, 15.0% Emirati, 10.7% Bangladeshi, 9.7% Pakistani, 2.0% Yemeni, 8.8% Egyptian, 5.5% Filipino, 3.2% Sri Lankans, 3.1% Indonesian, 1.6% Jordanian, while 7.8% is a mix of other unspecified minorities. Despite earthquakes, tsunamis and typhoons, Tokyo has long held on to its top spot as one of the safest metropolises on the planet. Photo by Shutterstock. In Madrid, it starts with focusing on existing assets and the conviction that everything old can be new again. They draw in large numbers of visitors, as well as researchers and nature enthusiasts. Recent tax incentives have included the lowest corporation tax rate among G7 countries and a cornucopia of research and development tax credits. So lets dig into some of the highlights of the dozens of rising phoenixes of the citys culinary scene after so many restaurants shuttered over the past two years. Beijings richest billionaire is the founder of TikTok (among other things), Zhang Yiming with a net worth of $35.6 billion. Singaporeans also enjoy one of the longest life expectancies, and lowest infant mortality rates in the world. Surprised to see a midsize European capital with a fading party rep ranked so high? The methodology of calculating GDP may differ between the studies and are widely based . Not surprisingly, the single biggest beneficiary was the City of Light. Cars were also banned from the banks of the Seine and pretty much every other one of the worlds favorite spots where, surreally, flneurs found themselves able to take a deep breath of air without a hint of exhaust while actually hearing birdsong in what many say felt like a walk back in time. Sant Joan is one of Spains first green corridors, designed for self- propelled mobility and exploration with its bicycle lanes, expansive sidewalks, greenery and sprawling outdoor seating. While the face of Pariss pandemic evolution is Mayor Anne Hidalgo and her aggressive empowerment of self-propelled mobilityfrom a city-wide speed limit of 30 km/h introduced last year to the obsessive addition of bike paths, with the promise of 745 miles by 2026 across most arrondissementsits the citizenrys embrace of this boldness that is changing the citys fabric for good. With 14 companies of its own in the world's top 100, China accounted for $4.19 trillion or 13% of the top 100's total market cap value. Quality of Life (productivity, infrastructure, quality of life, equity and social inclusion and environmental sustainability) 8), Los Angeles (No. Drop him a line at [emailprotected], 2023 Boss Hunting | All Rights Reserved. The defiant Catalan capital was the poster child of global overtourismand its solutions. Job opportunities and infrastructure build-out pave the way as the world continues to rush in, despite the haters. Fortunately the city is almost back to pre-pandemic capacity, if the tube is any indication. The answer to which suburb is the most expensive in America is difficult to determine, as it depends on the criteria and the area being considered. It is, however, worth pointing out that neither studies may be completely accurate due to how the 1% like to place certain addresses as their primary residence for tax purposes. 4. After a long confrontation, the activists won: the sculptures and murals will remain. Right. The city still tops our Promotions category, coming out in front for Insta hashtags, Facebook (or is it Meta) check-ins and TripAdvisor reviews. 6. Fueled by Chinas pandemic resiliency, the four Chinese cities on this years listBeijing, Shanghai, Shenzhen and newcomer Hangzhou added 96 billionaires between them, compared to a net gain of 53 across the other six cities. Those delayed Olympics went on, of course, despite a tourism ban and local crowds not allowed to watch the live events. Atlanta (USA) The last on our list of the richest cities in the world in 2018 by GDP per capita is Atlanta. 47. CEOWORLD magazine - Top Stories - Stats Gate - Report: Ranking Of The Globes 100 Best-Performing Cities For 2020. Norway ranks as the second-wealthiest country in the world in monetary value. 3 million and a median household income of $175,944. It helps to be able to offer eager young employees something to do outside of work, which Dublins famousthough increasingly costlypub-centric nightlife (ranked #15 globally) handily takes care of, along with an abundance of concerts, shows and events (Culture ranks #19). Of course, being able to enjoy a city ranked best in the world in our Sights & Landmarks subcategory, as well as in the top three for Museums (the city has well over 100), has a tendency to distract one from the modern worlds perils. Two major museums have moved into the new Humboldt Forum in the heart of the city: the Ethnological Museum and the Museum of Asian Art. But even with a vast rise in awareness, there are still discrepancies between the level of investment crypto receives amongst European Union nations. Wall Street is the driving force behind New York City's thriving economy, which is the biggest in the United States. The Indian mega-city recorded a gain of 10 billionaires. The sublime embrace of the city was shattered in April 2019 when Hong Kong citizens opposing a law to extradite criminal cases to China first took to the streets. Norway has a land area of 385,207 square kilometers, and a population of 5.4 million. With the onset of free-market reforms in the 1990s, Beijing saw its economic development soar. After a hellish two years, few places on the planet were as ready to relaunch as NYC. The United Arab Emirates is one of the richest countries in the world because there has been deliberate effort to diversify the economy, and to improve the quality of life of its citizens. As of 2020, the majority of US billionaires live these two cities, with 91 in New York and 76 in San Francisco, respectively. According to the Hurun Global Rich List 2022, the leading city with the most billionaires in 2022 was Beijing. It is on the northeastern coast of the Arabian Peninsula, and its nearest neighbor is Saudi Arabia to the south, while the rest of the country surrounded by the Persian Gulf. Among the newcomers was Jos Neves, a citizen of Portugal and founder of online luxury fashion retailer Farfetch, whose stock increased 500% in the past year. Today, manifestations of this wealth and confident swagger are everywhere. This includes cities like New York, Los Angeles, and San Francisco. 1. Norway has a very developed society; infrastructure is well designed and maintained, and the government provides excellent social services for the people. Still, the city has been deeply wounded economicallyby the pandemic, the lack of affordable housing and what many see as regulatory overreach. But its not all logistical: the luxury Peninsula Istanbul opens nearby early next year, capping a torrid year for hotel openings that includes the seafront luxury resort JW Marriott Marmara Sea and a dozen others. 9. China retains its title as the country with the most cities in the top 10, with Shenzhen moving up one spot to No. Some parts of these cities have become known as the billionaires playground because they offer a high concentration of wealthy people, amenities, and support services. Nairobi is home to about 280 multi-millionaires. Qatar is a multi- ethnic society; the countrys demographic is 40% Arab, 36% South Asian, (of which 18% is Pakistani, and 18% is Indian), 10% Iranian. A column of Russian military vehicles stretched for kilometers on its murderous advance into the city. When it comes to crypto, 14% of the population owns or has owned the asset, relative to 36% for stocks, bonds, or funds. Early Facebook employee Dustin Moskovitz remained the citys wealthiest person; his work management startup Asana went public last September. An electricity shortage, specifically pressure on the grid in West London, made worse by energy-sucking data centers being built along the M4 corridor in the past few years. Best Leisure Destinations To Visit In 2020. In a ranking of the cities worldwide with the most number of millionaires . 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