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Financial Clout (strength of a citys finance and banking industries) After dinner comes dancing, with electronic music particularly big here in recent years. That demonstrable care for its aging population, to say nothing of 80 percent of citizens living in public housing, further differentiates this fascinating city from any other urban center on earth. What is the wealthiest city in the United States? 6% of US households are millionaires. But, given the past few months, have citizens even noticed? All 10 cities recorded net gains of billionaire residents, reflecting the global growth in billionaires over the last year. After dipping amid last years scramble to host the 2021 Summer Olympic Games, the city remains incredibly safe, ranking #4 in our Safety subcategory. Moscow lost 26 billionaires (the most) from last year, dropping to the #7 position. The Dnipro, one of Europes largest rivers, divides Ukraines capital into two different worlds: the right bankwith its historical center, administrative buildings, cafs and restaurantsand the residential left bank. Check out the world's richest cities for 2020 below. 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). Hong Kong, China With a GDP of $223 billion, Hong Kong is the ninth richest city in the world. And, yes. The defiant Catalan capital was the poster child of global overtourismand its solutions. Early Facebook employee Dustin Moskovitz remained the citys wealthiest person; his work management startup Asana went public last September. Rankings of Cities and Municipalities are based on the sum of their scores on 4 Pillars: Economic Dynamism, Government Efficiency, Infrastructure, Resiliency, and Innovation. New York Billionaires: 92 UHNW Homeowners: 24,660 Total net worth: US$424 billion 2. Moxy Hotels is also opening multiple locations in the Lower East Side and Williamsburg. Activists united and asked artists to fill the street with their work instead, making it a destination. (Its back to #4 globally, a high point of its #7 ranking in our overall Place category.) 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. Much of Switzerland is mountainous, and even many of places not officially listed as mountains have very high elevations. Zhang Yiming, Beijings richest denizen and founder of social media sensation TikTok, doubled his net worth to $35.6 billion. In addition to these top 5 states, other US states with a significant number of billionaires include Pennsylvania, Michigan, Washington, Massachusetts, Arizona, Ohio, New Jersey and Georgia. Once downtown, a visitor might cross the new glass bridge (targeted by Russian bombardment on Oct. 10 but still standing) toward the parliament building and Maryinskyy Park, popular for a stroll with dogs or children. London, United Kingdom London has the highest GDP among all cities in Europe, and its GDP is estimated at $732 billion, making it the second richest city in the world. The United Arab Emirates is a country in the Western Asia. Those better days are here. London endured a difficult 2020 as Brexit and Covid-19 battered the citys economy. Shenzhen jumped from the seventh most popular city for billionaires to No. As it returns, the city is making deliberate and long-lasting decisions to ensure its #4-ranked Museums (ahead of places like New York) and #3-ranked Attractions (trailing only London and Tokyo) remain accessible to the citizens who kept them going when tourism didnt. 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. Wealth tends to gravitate toward wealth. The city is also investing in social housing and equitable development with the Madrid Nuevo Norte Project, currently Europes largest urban redevelopment initiative, which will transform the industrial wasteland of railway lands and brownfields north of the city into social housing, a transit hub and new office spaces, with a focus on meeting UN Sustainable Development Goals. Scarsdale, New York Average household income: $452,041 3.. 1. The jewel in the citys culinary crown is the $250-million RiverPoint, two blocks from Audi Field. This has been the busiest start to summer London has seen in more than a decadewith the Queens Platinum Jubilee, Royal Ascot, RHS Chelsea Flower Show, Wimbledon, Boriss resignation and, in the worst kind of end to summer, the Queens death and weeks of mourning. They draw in large numbers of visitors, as well as researchers and nature enthusiasts. It was this city-scale tragedy that first landed in the crosshairs of the sniping haters declaring that the big, vibrant, cheek-by-jowl city experiment was finally over. Also open is the Ritz-Carlton, NoMad, a temple dedicated to the nearby and recently opened Madison Square Park, as well as The Thompson Central Park, a renovated property in Midtown. The median household income in Cherry Hills Village is an estimated $250,000, and the city has an estimated population of 6,000. 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 Forbes, in 2020 California had the highest number of billionaires in the US with 140 billionaires, followed by New York with 91 billionaires. Chef Jos Andrs debuted Bazaar Meat and Bar Mar in December 2021 inside Bank of Americas new Chicago headquarters, and this spring the citys youngest Michelin-starred chef, Donald Young, debuted Venteux, a French brasserie in the new Pendry Chicago hotel that is just one of more than a dozen bold hotel openings in 2022. And the city is fighting, going so far as to move the red-light district out of the famed De Wallen neighborhood to the outskirts of the city while banning non-residents from cannabis cafs and ditching tours that glorify the citys baser side. Appropriately, Roma has also just opened the Garum museum (named after the fish sauce that ancient Romans got their umami hit from). 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. Check out the worlds richest cities for 2020 below. Sometimes the development leads to conflict. Pixabay . 5 percent of all millionaires in the United States. Berlin, Shanghai, Brussels, New Delhi, and Toronto round out the top ten. 1040 Hamilton Street - Suite 306, Vancouver, BC V6B 2R9. 8. This accounts for 30% of Russias total wealth and makes Moscow the wealth capital of the world. The remainder of the top 20 include Washington DC (11th); Sydney (12th); Sao Paulo (18th); four European cities, Moscow (13th), Zurich (17th), Amsterdam (19th), and Istanbul (20th); and three Asian cities Dubai (14th), Riyadh (15th), and Tel Aviv (16th). See the future for yourself at Passeig de Sant Joan, recently named one of the worlds best streets by Time Out. The answer to where the super rich live varies widely depending on their individual preferences and tastes. A recent report from real estate firm Cushman & Wakefield illustrated the run on London: of the 398 central London leasing transactions over 5,000 square feet in 2021, 59 were new businesses setting up for the first time or those relocating from outside Londonthe highest number ever recorded since tracking began in 2013. 3 spot where billionaires live. On the other side, historic Podil is home to more parks, small squares and hidden murals and courtyards. 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. Not as storied but equally New York is the new Museum of Broadway, the first permanent museum dedicated to the famed heartland of the stage, just opened in Times Square with a behind-the-scenes look at the creation of major theater productions. Capella Ubud, Bali, Indonesia. Additionally, the city is home to two golf courses and a country club. the neighborhoods in these places are super safe, the schools are producing, and there's a lot to do. Speaking of the future, the citys sensory overload of a Museum of the Future just opened to instant landmark status. Nairobi is home to about 280 multi-millionaires. It is officially the Macao Special Administrative Region of the Peoples Republic of China. The infra- structure year ends with JFKs Terminal 8 unveiling 130,000 square feet of new and renovated space. Plus, of course, a 42,000-square-foot rooftop park for what will likely be almost 10,000 employees in a few years. One of the world's most important cities historically is also home to more billionaires than any other city in Africa. According to a study conducted by Wealth-X in 2019, the wealthiest city in the world is New York City, followed by London, San Francisco, and Tokyo. But should you wish to, there are plenty of places to stay. Americas intriguing capital city has the worlds attentionand is working to keep it. And theres no clearer demonstration than when the worlds richest cities are broken down into raw numbers. Fortunately, the suspension of travel for more than a year expedited the long-planned transformations of New Yorks international gateways. But Kyivs best bars and clubs have no signboards: theyre hidden away in secret courtyards that only the locals know about. Tourism is also a very important sector; there are many prehistoric sites in Ireland, some of which have been designated as World Heritage Sites. London, the United Kingdom - 3.39% Millionaires 5. If you choose to live in one of Indiana's richest places, you are choosing to live where people work hard and it shows. Hangzhou added 21 billionaires, enough to overtake Singapore for the No. All but one of Shenzhens 68 billionaires are self-made, a testament to the citys nickname, Chinas Silicon Valley. Shenzhens wealthiest resident, Tencent boss Ma Huateng, boosted his fortune by $28 billion, giving the web-media mogul a net worth of $65.8 billion. Kolkata- GDP $150.1 Billion. New York Metropolis is living up to its image as a resilient and resourceful city, even though it is still showing signs of being beaten and wounded due to the pandemic's ravages. Pandemic Recovery: Have BEACH Stocks Bounced Back? But even with a vast rise in awareness, there are still discrepancies between the level of investment crypto receives amongst European Union nations. L.A. But as public health measures ease (and the sun comes out), the entire city is back gathering outdoors, in the parks, the beer gardens and, increasingly, in street parties and parades. It depends on what is meant by rich. Singapore has one of the biggest real estate markets in the world- evidence of a rapidly developing society that is attractive to people from all over the world. 1 ranking as Beijing recorded a net gain of 33 new billionaires. Madrids city leaders are also doubling down on modern reinvention focused on its citizenry. Citizens of Singapore enjoy a very high quality of life; education, healthcare, personal safety, infrastructure, quality of life, and housing are all rated very high. Beijing's richest billionaire is the founder of TikTok (among other things), Zhang Yiming with a net worth of $35.6 billion. And, yes, a new Terminal C should be open by the time you read this. It is a multi-ethnic society, although nearly 97 percent of the population is white. Norway ranks as the second-wealthiest country in the world in monetary value. The site of several internationally ranked universities (Trinity College Dublin, University College Dublin, and Dublin City University), the city continues to attract smaller start-ups that choose it over traditional head office cities like London and New York. 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 cities for the seventh year running. She can be reached on email. Quality of Life (productivity, infrastructure, quality of life, equity and social inclusion and environmental sustainability) 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. Its an essential piece of infrastructure for a city that needs plentiful outdoor space, now more than ever. Noord has become a sort of second downtown, with factories that once produced cargo ships today housing daring kitchens, some of Europes coolest galleries and hungry tech start-ups eager to draw talent with a buzzy address. Its why the city-state continues its ascent among the planets most prosperous cities, with a growing cluster of Global 500 companies (placing it #24 globally). This isnt the first time Kyiv has sprung back to life. 4. REATED: How Quincy Became A Town Of Secret Coca-Cola Millionaires. This is followed by Los Angeles with 52 billionaires, and San Francisco and Chicago, who each have 44 billionaires. In Kyiv, cafs with minimalist, modern interiors share the streets with centuries-old churches and monasteries. 7 as the most popular home for ten-figure fortunes. There are, of course, a dozen other massive openings that would top most cities 2022 announcements, from the new Mohammed Bin Rashid Library on Dubai Creek to the unprecedented engineering of geography at The Palm, Ain Dubai and the Dubai Islands and the new, towering perches from which to see it all. Beautiful panoramic view of Paris from the roof of the Triumphal Arch Education, employment, healthcare, security, and other indices show that the citizens of this country enjoy a very high standard of life. According to the survey, 18% of the countrys population has some sort of investment in it. 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. Frankfurt, Germany - 3.88% Millionaires 4. A coin-throw from Trevi Fountain is Don Pasquale, housed in the former residence of Italian composer Gaetano Donizetti, making this restaurant and cocktail bar a destination not just for Italian cuisine lovers, but for interior design buffs as well. Todays map uses data from Forbes to display the top 10 cities that house the most billionaires. After a hellish two years, few places on the planet were as ready to relaunch as NYC. The Beverly Hills area consists of approximately 30 square miles and has an estimated population of 34,000 people and 26 billionaires, making it the city in America with the highest concentration of billionaires per capita. 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. Norway has a very developed society; infrastructure is well designed and maintained, and the government provides excellent social services for the people. 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. Many tech start-ups choose Luxembourg because of the ease of doing business, and because as a tax haven it offers a very good financial climate for business. Santa Cruz-Watsonville, California Andrew Zarivny / Shutterstock Median household income: $89,269 Median home value: $839,500 (highest 10% of U.S. metros) The city is already in the top 10 in our Airport Connectivity subcategory. A column of Russian military vehicles stretched for kilometers on its murderous advance into the city. The city also elected mayor Ada Colau on a Barcelona-for-citizens platform. The promise of high salaries draws global workers who fuel the citys ambition and ideas and drive its #31 ranking for Global 500 companies. Given its omni-presence, there are few cities so poised to build on its exposure. Shenzhens net gain of 24 billionaires was second only to Beijing. 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. Number of individuals with a net worth of $5 million or more: 36,515Percentage of global population: 1.2%, Number of individuals with a net worth of $5 million or more: 37,495Percentage of global population: 1.3%, Number of individuals with a net worth of $5 million or more: 39,390Percentage of global population: 1.3%, Number of individuals with a net worth of $5 million or more: 44,795Percentage of global population: 1.5%, Number of individuals with a net worth of $5 million or more: 49,005Percentage of global population: 1.7%, Number of individuals with a net worth of $5 million or more: 50,305Percentage of global population: 1.7%, Number of individuals with a net worth of $5 million or more: 71,035Percentage of global population: 2.4%, Number of individuals with a net worth of $5 million or more: 73,430Percentage of global population: 2.5%, Number of individuals with a net worth of $5 million or more: 81,645Percentage of global population: 2.8%, Number of individuals with a net worth of $5 million or more: 120,605Percentage of global population: 4.1%, Don't miss:25-year-old who owns 5 properties shares the 2 personal finance books that helped him earn $230,000 last year, Check out:The best credit cards of 2020 could earn you over $1,000 in 5 years, Get Make It newsletters delivered to your inbox, Learn more about the world of CNBC Make It, 2023 CNBC LLC. This focus on research, medicine and tech is designed to open another front for Singaporeone that complements its financial dominance. Among 77 major American and Asian cities, the city-state ranked 14th in 2015, with all of the top 13 positions going to . McCordsville. The Singapore Green Plan 2030 is aiming for 800-plus miles of bike lanes and the recently reopened nine-mile Rail Corridor makes for a quick self-propelled break from the city and journey back in time. The newest ranking of most economically powerful cities the world put together by the CEOWORLD magazine experts finds London to be the clear winner. The Htel Rochechouart, which opened in late 2020 in the 9th arrondissement, also has a little-publicized 1,000-square-foot perch from which to admire Sacr-Cur and the Eiffel Tower in air scented by the wild lavender and berry bushes planted all around. 1 ranked NYC and No. (adsbygoogle = window.adsbygoogle || []).push({}); Sorry, New York: London is the most economically influential city in the world for 2020, with an overall score of 85.49. Speaking of the Met, just last year New Yorks 152-year-old cultural institution (housing 1.5 million objects and hosting seven million visitors in a non-pandemic year) announced a $500-million reno of its modern and contemporary wing. Wall Street is the driving force behind New York City's thriving economy, which is the biggest in the United States. Some of the major economic activities include; oil exploration, gold mining and refining, international trade, tourism, aviation, and retail commerce. Despite this, for the sixth consecutive year, New York City has retained its title for being the most prominent home to billionaires globally. Moscow, the capital of Russia, ranks seventh on the list of the world's richest cities. The citys #31 Outdoors ranking will only improve. BURJ AL-ARAB IN DUBAI, UAE This hotel is ranked as the first and top richest hotel in the world and it has its landmarks or it is situated in the United Arab Emirates, which is in Dubai. Other contenders for the title of most expensive suburb in America include Silicon Valley suburbs like Los Altos Hills and Palo Alto, as well as Los Angeles areas like Beverly Hills, Bel Air, and Brentwood. In general, rich men are likely to live in cities where there is a high concentration of wealth and opportunity. By absolute number, New York is well ahead of any other city, with a total UHNW footprint approaching 25,000 individuals. 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. It occupies 1.3 square miles in the center of the city, and Paseo del Prado, which includes a promenade for pedestrians, runs parallel to it, connecting the heart of the nations art world, flanked by the Prado Museum, with the Thyssen-Bornemisza National Museum and the Reina Sofa art center. On the streets of Chicagos #24-ranked Sights & Landmarks, the pandemic looks to be in the rearview mirror. Despite earthquakes, tsunamis and typhoons, Tokyo has long held on to its top spot as one of the safest metropolises on the planet. TOP 10 RICHEST CITIES IN THE WORLD 1.Tokyo, Japan (GDP - $1,520 billion) The richest city in the world in 2023 is Tokyo. It is quite a small country; ruled by the Sultan- an absolute hereditary monarch. Ultimately, the most expensive suburb in America depends on factors such as location, property values, and demand, as well as other economic factors. It topped all cities for the number of references on Google in the past year. Because the foreigners are back. Beijings wealthiest newcomer is 34-year-old Wang Ning, whose booming toy business Pop Mart went public in Hong Kong in December 2020. So which city came out on top? Los Angeles, Chicago and Houston round out the top five . 3 million and a median household income of $175,944. The largest regional economy in the US ranks first, both for the number of UHNW individuals by primary residence and those with second homes., This reflects New Yorks status as a global centre for finance and commerce that offers a rich blend of cultural and luxury lifestyle opportunities, high-quality education, and prime real estate.. In 1900, many US centres of industry were in the top 100, including Baltimore, Chicago, Detroit, Pittsburgh and St Louis. The economy of the United States is very well diversified; manufacturing, retail commerce, pharmaceuticals, agriculture, and military equipment are some key sectors. A tent city in Independence Square remained through months of bitter cold and police brutality. 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. The Paris Plages urban beach initiative welcomes picnicking and other low-cost access to a city long criticized as pricey and exclusive. And the Bronx Childrens Museum is also opening this year after moving to a new home in Mill Pond Park. The Champs-lyses is next on the city leaderships list, set to be transformed for the Games into a massive garden, with vehicle access cut in half and millions of euros invested in pedestrian-focused amenities. 6. In 2020, New York had the largest number of ultra wealthy individuals (UHNW), reaching 11,475 people. Half of the citys residents left. Bold reclamations focused on resident needs have created a more accessible city while tourists werent looking. Singaporeans also enjoy one of the longest life expectancies, and lowest infant mortality rates in the world. San Francisco, California, United States The San Francisco metropolitan area has a GDP of $549 billion, making it the fourth richest city globally. 3), Tokyo (No.