top 50 richest cities in the world 2021 top 50 richest cities in the world 2021

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 USA is the only country with a large surface area and population among the highest-ranking nations, ranking eleventh. Madrid has a strong industrial background, but its economy is mostly centered on the service sector. The historic Ukrainian capital is the urban beacon of courage and resilience leading a defiant nation against a murderous aggressor. It wasnt until 1959 that a wellspring of natural gas was discovered in Amsterdam, and since then the city has maintained a stable supply. Where Do Most Billionaires Live In Europe? 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. A large number of businesses left the city for West Germany after World War IIs end in 1945 and the subsequent political divides because of its location in East Germany. Moscow is also a wealthy city because it ranks among the top ten cities with the highest number of billionaires. The Barcelona Stock Exchange, also known as Borsa de Barcelona, is the most important exchange on the Iberian Peninsulas northeastern coast. Many large companies from high technology industries like IT, digital media, finance, and pharmaceuticals have established headquarters in Dublin. 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 The lifestyle publication Monocle ranked Barcelona as the twenty-fourth most livable city in the world in 2015. Carlos Slim Helu 8. The maximum possible score is 2,600 points. Your email address will not be published. As of 2021, it has a GDP of $479 billion. The European Union (EU) averaged 2.5% yearly economic growth (GDP) between 1996 and 2000, hence annual growth in the EU was above average. Also, cities with strong tech sectors, lucrative industries, and large populations attract more wealthy people. The GDP determines how wealthy a city is, and the higher the GDP, the wealthier the 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. 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. 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. 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. SK Holdings, POSCO, and LG Electronics are just a few corporations that are part of the Fortune Global 500. Your email address will not be published. how many casinos are there i Wherever you decide to live, work or visit, make sure you have travel insurance. Madrid became Spains second industrial city after Barcelona in the 20th century, when it saw the emergence of a thriving manufacturing sector. Canada moves from ninth to 23rd place. Based on GDP, the city of Tokyo, Japan is considered to be the richest city in the world. During the 20th century, Seouls economy heavily relied on manufacturing. Tanatat Pongpibool/Getty Images. As the EUs third most populous and fourth most prosperous metropolis, it also ranks highly in terms of GDP. Contrary to the administrative Metropolitan City of Milan, a provincial-level municipality, the metropolitan area mentioned in this article is purely statistical and does not indicate any sort of administrative unity or purpose. The top five cities with the fastest growing millionaire populations are not in the U.S., however. 3. top 50 richest cities in the world 2021 Author: Published on: schulferien mecklenburg vorpommern 2022 June 1, 2022 Published in: lungenarzt berlin neuklln gropius passagen In 2014, Milans economy became larger than Berlins, making it the wealthiest of Europes Four Motors. It belongs to the elite group of European economies known as the Blue Banana corridor. TOP 10 RICHEST CITIES In The World 2021 31,195 views Jan 2, 2021 579 Dislike Share Uncover 32.3K subscribers Over the past decades, countries have been getting richer. At around 88%, the citys employment rate is above average. It is one of Germanys eleven metropolitan regions, and it includes all of Berlin and Brandenburg. Boosting his wealth is a $100 billion valuation of SpaceX. Hong Kong 2. Top 50 Richest Countries In The World 1. The Richest Cities are shown below, based on GDP (Gross Domestic Product) data from 2011. Los Angeles is the manufacturing hub of the nation, which is a truth that is not well recognized. As of 2015, Munich was ranked as an alpha-world city by the Globalization and World Rankings Research Institute. Warren Buffett 6. Los Angeles is also one of the biggest global centres of international trade, tourism, media, business, education, sports, and technology. Check out the world's richest cities for 2020 below. Dublin is not just home to the national parliament and the bulk of the government bureaucracy, but also the countrys main media outlets. Here is a look at some of the richest cities in the world based on their GDP. But are most of their bank accounts pretty fat? Kyiv is a city of many faces. Based on the cost of living, Milan was ranked as Europes most expensive city in 2015, surpassing Stockholm and Munich. The richest communities in America for years have been in Silicon Valley and the New York City area. But in recent times, Paris has gradually shifted its economy to high-value-added service industries like finance, IT services, and high-tech manufacturing. It exerts significant influence on commerce, fashion, arts, finance, media, communications, entertainment, education, and tourism in England. Tuko.co.ke shared an article on the top 15 cleanest cities in Africa 2020. The richest cities in the world all come from developed countries. Looking at the poorest cities in the U.S., there are certainly some geographic patterns that emerge. As of 2021, Beijing has a GDP of $554 billion. Berlin is the birthplace of a number of renowned German corporations, including Siemens, Deutsche Bank, Lufthansa, Allianz, AEG, Telefunken, Osram, Knorr-Bremse, and Edeka. There are six cities in where the median household income is less than $20,000: (1). Pune - Oxford Of The East. Topping the list with a total wealth of $248 billion is South Africa's largest city, Johannesburg. The GDP of this city in 2018 was $789.7 billion. 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. There are also several major Irish public firms headquartered in Dublin, such as Bank of Ireland, DCC plc, AIB Group, Ardagh Group, CRH plc, Ryanair, Smurfit Kappa, and Flutter Entertainment (formerly Paddy Power Betfair). Tokyo is the most populous city of Japan and the political and economic centre of the country. The GDP of Tokyo is $1.52 trillion. Furthermore, the city is the world's billionaire capital, ranking first on the list of cities with the most billionaires. (guidelines), Nyce Wanjeri Shiros Rise from Auntie Boss Actress on NTV to Content Creator, King Kalala Discloses Dad Gave Her KSh 3k, Kicked Her out of His Home. The next richest city based on GDP is Los Angeles, California in the U.S. As of 2021, Seoul has a GDP of $915 billion. However, the city is making up ground quickly, as productivity is increasing by 2.5% per year in real terms. For example, Osaka is home to prominent enterprises in various industries, including electronics (including Sharp and Panasonic), pharmaceutics, food, retail, and trade. Hence, the city is also dubbed the "Sardine Capital of the Philippines.". With a per capita income of $102,941, Frankfurt, Germany, is the second wealthiest city in the world, behind only Dublin, Ireland. They use 25 factors grouped into six categories covering a range of criteria including climate, access to outdoor space, education and work prospects, population diversity, leisure options and even social media popularity. 1. Los Angeles is home to many car manufacturers, including Honda, Mazda, Hyundai, Suzuki, and Mitsubishi. Interactive map. You may need to know which European cities are the richest in terms of strong economy and GDP per capita. Furthermore, the cities derive their wealth from huge populations that have increased consumer spending, government spending, and business investments, thus growing their GDPs. 20 largest tech companies in the world by revenue in 2021. The GDP per resident of Milan is around 49,500 (US$55,600), making it one of the wealthiest regions in Italy. Yes, theyve been hobbled over the past 18 months, exposing the long-ignored foundational and institutional problems that manifested on their streets and in their hospitals and seniors homes. Fisher Island, a 216-acre barrier island near Miami, is once again the wealthiest zip code (33109) with an average income in 2018 of $2.2 million, according to the Bloomberg analysis. New York was the only North American city to place in the top ten. New York. 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. This is because approximately 160,000 enterprises in the area employ the citys working-age population. Continue with Recommended Cookies. In its simplest term, the GDP of a region (such as country or city) is defined as the prices of goods and services produced within that area. This includes action plans to aid with rent, taxes, company subsidies, and various other financial burdens. Furthermore, the city has become a global centre for innovation and finance and a national focal point for commerce, transportation, and trade. The Paris metropolitan area has a higher GDP (PPP) than North Rhine-Westphalia in Germany and Greater London in the United Kingdom and is the wealthiest region in Europe. Read Also:Brief Analysis On Belarus Economy [Stats & History]. Dublin is the wealthiest city, with a per capita income of $115,094. An example of data being processed may be a unique identifier stored in a cookie. The le-de-France, or Greater Paris Area, shares a similar tale. The 100 best cities in the world have been ranked for 2023 based on where to live, work, invest and visit. Based on its economic potential, FDI Magazine named Barcelona the Southern European City of the Future for 2014/15. Tokyo is the city with the highest per capita income in the world. 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. Some of them rank among the wealthiest people in the world. 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. 1.Tokyo, Japan (GDP - $1,520 billion) The richest city in the world in 2022 is Tokyo. Along with New York, Paris, and London, Milan is often regarded as a global fashion capital. Top 10 most modern cities in Africa in 2020. Osaka has a diverse economy, thus ranking in the top ten cities of the world. Shanghai is also home to the Port of Shanghai, the worlds busiest container port. These are the only two cities with trillion dollar economies. Through various employment training programs, the Private Industry Council helps foster the local economys growth.if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'worldstopinsider_com-narrow-sky-1','ezslot_18',677,'0','0'])};__ez_fad_position('div-gpt-ad-worldstopinsider_com-narrow-sky-1-0');if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'worldstopinsider_com-narrow-sky-1','ezslot_19',677,'0','1'])};__ez_fad_position('div-gpt-ad-worldstopinsider_com-narrow-sky-1-0_1');.narrow-sky-1-multi-677{border:none!important;display:block!important;float:none!important;line-height:0;margin-bottom:7px!important;margin-left:auto!important;margin-right:auto!important;margin-top:7px!important;max-width:100%!important;min-height:250px;padding:0;text-align:center!important}. In. If you would like to change your settings or withdraw consent at any time, the link to do so is in our privacy policy accessible from our home page.. Required fields are marked *. Porto, Portugal. Paris has been one of the most powerful financial centres of Europe since the 17th century. 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. The Ruhr region has been home to significant manufacturing since the dawn of the industrial age in the late 19th and early 20th centuries. No. Berlins economy felt the effects of the citys shifting geopolitical fortunes between 1961 and 1989. Today, Shanghai is Asia's commercial and financial hub and a significant player behind Chinas booming economy. China, with 12,556 USD per inhabitant, only reaches 79th place. Bill Gates 7. 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. Interestingly, Tokyo is the #1 city today, with an estimated $1.6 trillion GDP in 2019. Score: 87.97. The Euro is the currency used throughout the Eurozone. New Report Shows Rise in Job Creation in Kenya, Growth in Privater Sector Salaries. AT & T, Walgreens, Abbott Labs, the CTA, Walmart, and Allstate Insurance, amongst other businesses, are major city employment drivers. The Gross Domestic Product (GDP) is the most comprehensive quantitative assessment that can be taken of a whole citys economic activity. @2020 - All Right Reserved. Apart from being populous, Sao Paulo is the wealthiest state in Brazil that exerts rooted international influences in finance, commerce, and entertainment. London has been anointed the best city in the world for the seventh year in a row. Rounding out the top three cities is Tokyo, with $2.5 trillion in private wealth. Denmark, Iceland, Singapore, Australia and Qatar round up the top ten nations. The Rhine-Ruhr metropolitan region is home to several Fortune 500 firms, some of which include ThyssenKrupp AG, RWE AG, Bayer AG, and Evonik Industries. Also, Barcelona is ranked number thirteen on the Innovation CitiesTM Global Index by the same group, the Innovation Analysts 2thinknow. Historically, Houston has been one of the fastest-growing cities in the USA. Socit Gnrale, the worlds fourth largest bank, is headquartered in Paris and operates out of the La Defense business district. 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. 2 . 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. 50 Richest European Cities By GDP Per Capita [2023 Ranking], 4. Not to mention that LA is rapidly eclipsing New York as home to some of the greatest chefs of our time. The policy covers us for theft, medical expenses up to $10m USD, cancellation and Covid-19 coverage. While there are affluent areas all across the country, most of the very richest . Included in the greater Rhine-Ruhr metropolitan area, which is home to more than 10 million people and ranks third in Europe behind London and Paris, it is one of the continents most populous urban centers. 10. And right at the top are the Principality of Monaco ($ 234,315), Liechtenstein ($ 157,755), and Luxembourg with $ 133,590 per inhabitant. The city continues to attract the highest proportion of foreign-born residents of any city in the world, and they tend to be well-educated ranking consistently highly for Educational Attainment globally. Most such agglomerations are economically, socially and culturally dominated by one city at their centre. 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';} Industries, IT, Investment, local/international trade, and transportation are typically at the helm of the city economy. Manufacturing has played a significant part in the countrys development since then. In 2018, the city ranked first in Germany and third in the world in the Mercer survey, and in 2018, it was named the worlds most liveable city in the Monocle Quality of Life Survey. A study by New World Wealth calculated the total wealth of citizens in cities around the world. The report also highlights Tokyos popularity with shoppers as well as the citys relentlessly expanding foodie scene. Our ranking shows the 50 wealthiest countries, measured by gross domestic product per capita and adjusted by the purchasing in the respective country. 1. Milan is the home of several prestigious fashion brands and houses, including Versace, Gucci, Armani, Valentino, Prada, Dolce & Gabbana, Moschino, Luxottica, OVS, Tods, Trussardi, and Missoni. The 2011 GDP per capita was 74% higher than the national average and 70% higher than the average of the other 27 EU member states. World's Top Insider focuses on the top ten lists of best, greatest and top rankings in the world. The metropolis offers as many restaurants as the top five cities combined more than 100,000 in total! The capital of capitals has taken the top spot despite concerns surrounding the citys post-Brexit future. About 84% of Berlins businesses are engaged in some form of service activity, making up the citys largest economic sector. The Global Wealth and Lifestyle Report 2020 also names it as one of the worlds most cost-effective metropolises for the affluent. Larry Page 9. Large service, technological, and creative industries returned to the city after German reunification in 1990. As the capital of capitals negotiates the uncharted, perilous terrain of a post-Brexit and pandemic world, London continues to reign as the planets best city for the seventh year running.. With the exception of TotalEnergies, which is headquartered in the Hauts-de-Seine Departments La Defense business zone, all of the top ten French firms on the Fortune Global 500 list for 2015 were headquartered in the Paris Region. The Gross Domestic Product (GDP) of Milan and Lombardy in 2017 was $493.3 billion and 650 billion, respectively. Read Also:Georgia Economy In Europe [Facts & History]. Shanghai may not be the richest city globally, but it has a GDP of $608 billion, more than the GDPs of many national economies. According to Eurostat, in 2004, Barcelona city had a GDP per head of 80,894. As a result, many high-tech business parks have come up in the city to serve as business incubators. Milan, the Lombardy regions headquarters in northern Italy, is the countrys wealthiest metropolis. This proportion is projected to increase to 68% by 2050. In terms of business activity, 76.7% is related to trade and services, whereas 3.4% is related to manufacturing. 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. This has been contributed by the fact that these states prioritize cleanliness. Berlin/Brandenburg Metropolitan Region, 50 Richest Cities in Europe Ranked On GMP per Euro In 2022, 25 Richest European Cities Ranked by GDP Per Capita In 2022, 25 European Richest Cities Ranked by GDP Per Capita 2022. Its the biggest in Spain and one of the biggest in all of Europe. Africa is home to some clean cities which offer sustainable development, prosperous farming, and clean air to residents. Furthermore, the metropolis serves as a hub for Japans publishing, broadcasting industries, and transportation. Indian richest cities 2021 1. London City | Photo: Reuters 7. Fortune 500 companies include Discovery Communications, Fannie Mae, Walmart and CACI International among others. The UK capital scored highly in the programming, promotion, product and prosperity categories but was some way behind in the place category. . Dallas-Fort Worth is the economic and cultural hub of North Texas and the fourth-largest city in the USA. Read Also:Serbia Economy In Europe [Facts & History]. The GDP of New York in 2018 is $1.21 trillion. 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. Image Source. In the Mediterranean region, it was the first and remains the most significant industrial city. Furthermore, the city hosts the worlds two largest stock exchanges by market capitalisation, NASDAQ and the New York Stock Exchange. 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. Items such as pharmaceuticals, automobiles, airplanes, and machinery are among the manufactured commodities exported by European nations. 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. London is closely followed by the usual suspects of Paris and New York. The Netherlands is currently responsible for almost 25% of all natural gas reserves in the European Union. All policies come with the Heymondo App which features 24-hour medical chat, free assistance calls and easy claims management. More than 530,000 people, or 37.7% of the citys total population, were born outside of the United States. Remember that state-owned corporations in China get tremendous government support regardless of the economic conditions, including even Global 500 companies like SAIC Motor and China National Petroleum. Photo by Shutterstock. Telefnica, Iberia, Prosegur, BBVA, Urbaser, Dragados, and FCC are just a few of the major companies that are hiring. This urban region has a population of about 5 million people (2017), making it the most populous in Germany. It has a GDP of $1,048 billion, contributed by a productive entertainment industry. The Greater Dublin Area, also known as simply Greater Dublin, is a colloquial term that generally refers to the area surrounding Dublin, Ireland. The greatest John Obi Mikel is the richest footballer in Nigeria ( 2021 ). 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 . This support is so strong that it even affects the stock prices of these companies. Mumbai- GDP: $310 Billion Maximum City is among the richest cities in India and the world as well. 1. Today, Moscow has a GDP of $604 billion. Los Angeles is the second-most populous urban region in the United States. This was down from being 14% lower in 2000. Some of these companies are as follows: Verizon, JP Morgan, Pfizer, Citigroup, MetLife, Goldman Sachs, and Morgan Stanley. You are already subscribed to our newsletter! It first became a city in 1837 and grew in the mid-19th century to become one of the most populated cities in North America. The Russian cities of Moscow and St. Petersburg were also removed from this years report, two cities that finished in the top 20 last year. gold coast shark attack video; giant schnauzer service dog for sale List of youngest millionaires in South Africa 2020. New Delhi- GDP $293.6 Billion See all of our readers' favorite hotels, cities . London is ranked second with $2.7 billion in private wealth. For example, it has many trading houses, specialised trading companies, and department stores. Beijing, China: $591.374 Billion Beijing is the capital of China and has a population of over 20 million. Read Also: North Macedonia Economy In Europe [Facts & History]. Some of its most significant industries include manufacturing, publishing, printing, and food processing. Its boundaries are unclear because they are not tied to any form of governmental delimitation. Updated on 2nd November 2021 by Garry Lu. India is the world's second-most populous country, with several large cities and densely inhabited areas. Several industries, including health care, tourism, real estate, technology, publishing, fashion, journalism, and insurance, all significantly contribute to New York Citys economy. * 1. 2023 HONORARY BEST CITY. Russias invasion of Ukraine has also scarred this years rankings. I love exploring the world and I'm ready to relate my experience to others who are in the quest to know more. 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. Dublin has the highest per-person income, at $115,094.