1. Growing in both size and number, cities are hubs of government, commerce, and transportation, and in 2021, the world's 20 largest cities are home to half a billion people. 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. 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. It is also one of the leading cities in the world for culture, politics, diplomacy, business, economics, science, and technology. There will reportedly be 2,073,459 people living there by 2022. 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.. 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). 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. Total global wealth grew by 9.8% and wealth per adult reached USD 87,489. The report also highlights Tokyos popularity with shoppers as well as the citys relentlessly expanding foodie scene. Furthermore, the city is the world's billionaire capital, ranking first on the list of cities with the most billionaires. Today, Moscow has a GDP of $604 billion. Bill Gates 7. Pressure Lamp, 6 Other Symbols of Rich Families in the 90s and Early 2000s. 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. Shanghai: 61 Billionaires Shanghai occupied the fifth position in the list as the city lost three new billionaires taking its total count to 61 billionaires. Frankfurt in Germany is the second richest city after Dublin with an income of $102,941 per capita. London and Paris are the major and richest cities in Europe with a GDP of US$835 billion and US$822 billion respectively. It is one of Germanys eleven metropolitan regions, and it includes all of Berlin and Brandenburg. 1. Also read - 10 Richest Families In The World 2021. The Culver City/Playa Del Rey zone are now referred to as Silicon Beach, with Google, and other tech giants migrating from the pricey digs of Palo Alto to less costly SoCal alternatives. The Essen-based E.ON AG, the Bonn-based Deutsche Post AG, the Dsseldorf-based Metro AG, the Bonn-headquartered Deutsche Telekom AG, the Essen-headquartered ThyssenKrupp AG, the Essen-headquartered RWE AG, the Essen-headquartered Bayer AG, the Essen-headquartered Evonik Industries, the Essen-headquartered Hochtief AG, and the Dsseldorf-headquartered Henkel Group all call this area home. 2 . Elon Musk 3. Also, the metropolitan area is home to the largest petrochemical manufacturing companies, including fertilisers, insecticides, and synthetic rubber. By 2025, the city's GDP would have [] Berlins banking district, home to several big banks, rose to prominence after the year 1900 and became a major continental financial center. We and our partners use cookies to Store and/or access information on a device. With a per capita income of $102,941, Frankfurt, Germany, is the second wealthiest city in the world, behind only Dublin, Ireland. It is also the leading US city in a number of key sectors including aeronautics, basic materials (oil and gas), biotech, and engineering. 50 Richest European Cities By GDP Per Capita [2023 Ranking], 4. Beijing - the billionaire capital of China Catalonia, of which the greater Barcelona area constitutes over 66% of the population, is one of the wealthier areas in Europe and the fourth richest region per capita in Spain, with a GDP per capita of 28,400 (16% more than the EU average). 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. With a rate of 6.1% in October 2018, unemployment was much higher than the German average. Angela Weiss/AFP/Getty Images The world's most expensive cities 1. Being the largest city of the country, Mumbai is extensively . Many large companies from high technology industries like IT, digital media, finance, and pharmaceuticals have established headquarters in Dublin. Unlike other cities in the USA, Washing leads in the number of tourists or visitors it receives every year. Companies that work in information technology and biotechnology contribute to the overall variety. China, with 12,556 USD per inhabitant, only reaches 79th place. Jeff Bezos 4. The Gross Domestic Product (GDP) of Milan and Lombardy in 2017 was $493.3 billion and 650 billion, respectively. According to New World Wealth, private wealth is a better indicator of the financial health of the economy than GDP, although this remains debatable. According to Eurostat, in 2004, Barcelona city had a GDP per head of 80,894. Pune - Oxford Of The East. Ahmedabad - Textile Hub Of India. I love exploring the world and I'm ready to relate my experience to others who are in the quest to know more. Based on the cost of living, Milan was ranked as Europes most expensive city in 2015, surpassing Stockholm and Munich. Check out the world's richest cities for 2020 below. Shanghai may not be the richest city globally, but it has a GDP of $608 billion, more than the GDPs of many national economies. Out of Pariss total 390,480 businesses, 80.6% are involved in trade and transportation, 6.5% are in the building trade, and 3.8% are in the manufacturing sector. Osaka-Kobe is the second-most populated urban region in Japan. (Video) TOP 10 RICHEST CITIES In The World 2021 (Uncover) Which is the richest city in the world 2022? Washington DC is the capital city of the United States of America and the seat of the United States Federal Government and international organisations. Los Angeles is also one of the biggest global centres of international trade, tourism, media, business, education, sports, and technology. Chicago has the most balanced economy in the USA because of its diversification. Apart from being a global city, it is home to the largest state-owned companies in China and the highest number of Fortune Global 500 companies globally. Where Do Most Billionaires Live In Europe? Luxembourg A small European country that shares a border with France, Belgium, and Germany. Another trillion-dollar GDP city is New York City in the United States. New York serves as a centre of many industries, including international trade, financial technology, finance, real estate, fashion, manufacturing, entertainment, education, tourism, and biotechnology. Some of its most significant industries include manufacturing, publishing, printing, and food processing. On this list, New York City was ranked as the richest city with a total of $3 trillion in private wealth. Also, Barcelona is ranked number thirteen on the Innovation CitiesTM Global Index by the same group, the Innovation Analysts 2thinknow. As of 2021, Beijing has a GDP of $554 billion. 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. The United Nations uses three definitions for what constitutes a city, as not all cities may be classified using the same criteria. Over the last several years, the city has become a hub for American IT companies (in the neighborhood of 550) along biotech and environmental technology firms. In 2021, the average gross wage was 47,544, or 9.29% more than the average gross salary in Germany. After the 1871 Great Chicago Fire that left thousands of people homeless, Chicago started a rebuilding plan that resulted in the construction boom. Cities are the engines of the global economy and the badges of human ingenuity. Top 10 Lists of the people, things, places, most expensive, animals, most popular, luxury and high rankings of world. View the complete report from Resonance Consultancy. When a new municipality outside of Paris reaches the minimum number of commuters, it is considered part of the Paris metropolitan area. Banks and financial institutions contribute significantly to the citys GDP. With a net worth of $304 billion, Elon Musk is the wealthiest in the world. Over 5 million people make this urban center one of the largest in Europe and the most populous along the Mediterranean coast. 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. Altogether, these top 10 cities will contribute an impressive $13.5 trillion in GDP by 2035. One factor that has made some cities grow is that they have large populations of people willing to spend more money, thus attracting more business investments and government spending. Read Also:Serbia Economy In Europe [Facts & History]. There are six cities in where the median household income is less than $20,000: (1). 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. Mumbai- GDP: $310 Billion Maximum City is among the richest cities in India and the world as well. Some of them rank among the wealthiest people in the world. gold coast shark attack video; giant schnauzer service dog for sale While there are affluent areas all across the country, most of the very richest . Milan, the Lombardy regions headquarters in northern Italy, is the countrys wealthiest metropolis. This is because many different factors can be used to determine a citys wealth. 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. Osaka has been recognized throughout Japanese history as an important financial hub. Seoul plays a crucial role in South Korea because it generates half of the countrys total GDP. Several industries, including health care, tourism, real estate, technology, publishing, fashion, journalism, and insurance, all significantly contribute to New York Citys economy. On the other hand, it has shifted its focus in recent years to other economic pursuits that are more lucrative, such as banking, high technology, and insurance, to mention just a few examples. It is the richest church in the world in 2021, with an estimated net worth of $100 billion. For example, Osaka is home to prominent enterprises in various industries, including electronics (including Sharp and Panasonic), pharmaceutics, food, retail, and trade. Catholic Church in Germany - $26 billion. To get a little more specific, GDP is calculated using the following formula: Personal Consumption Expenditures + Business Investment + Government Spending + (Exports - Imports). Items such as pharmaceuticals, automobiles, airplanes, and machinery are among the manufactured commodities exported by European nations. Its GDP is comparable to those of the Netherlands and Indonesia, and even higher than countries like Switzerland, Sweden, and Saudi Arabia. The city of Madrid, Spain, is at the heart of the Madrid Metropolitan Area, a single-center metropolis in the geographical center of the Iberian Peninsula. 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). In 2013/14, exports were 28.97M while imports amounted to 47.29M, resulting in a negative balance of foreign trade for the Madrid region. Kyiv is a city of many faces. It is, like the rest of Ukraine, a place of inexhaustible courage in the face of daily tragedy. Read Also:21 Poorest European Countries By GDP. In addition, Paris is the headquarters of several Fortune Global 500 corporations, including BNP Paribas, Peugeot, CNP Assurances, SNCF, and Vivendi, amongst others. Today, Shanghai is Asia's commercial and financial hub and a significant player behind Chinas booming economy. Socit Gnrale, the worlds fourth largest bank, is headquartered in Paris and operates out of the La Defense business district. 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. World's Top Insider focuses on the top ten lists of best, greatest and top rankings in the world. The six factors scrutinized are: economy, research and development, cultural interaction, livability, environment, and accessibility. Yeah they are. The phrase can also be used in a narrower sense to refer to the city of Dublin and its surrounding suburbs. 5. New York also generates lots of wealth because it is the headquarters for the United States financial industry, better known as Wall Street. Dallas-Fort Worths economy has been performing well in the past few years because of proper business management and operations. Score: 87.79. With a per capita income of $102,941, Frankfurt, Germany, is the second wealthiest city in the world, behind only Dublin, Ireland. 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According to various estimates, the Japanese capital is home to 13.1 to 13.7 million people. An example of data being processed may be a unique identifier stored in a cookie. So it is no surprise that the Catholic Church in Germany is ranked as the richest in the country and the second richest globally, with a net . Tokyo was originally a fishing village in the 1600s but grew up to become the most populated city globally by the mid-18th century. Many of the richest suburbs also have very expensive homes. 50: Gambia: 3.884: 51: Guinea-Bissau: 3.385: 52: Seychelles: 2.873: 53: Comoros: Dublin has the highest per-person income, at $115,094. The economy of Paris heavily relies on commerce, services, transportation, construction, and industry. Tax Havens: 10 Most Popular Financial Centres Where Super-Rich People Keep Money. As of 2015, Munich was ranked as an alpha-world city by the Globalization and World Rankings Research Institute. Houstons major economic activity is banking. Determining the richest city in the world can be tricky. More rankings and articles can be found in ourremote workarea:Most dangerous countries in the worldCountries with the best healthcare in the worldWorlds worst countries to drive inBest countries for womenHappiest countries in the worldWorlds most powerful passportCountries with the fastest internet in the worldMost stressed countries in the worldMost expensive cities for expatsWorlds most democratic countries, aims to become Europes greenest city by 2030, Countries with the best healthcare in the world, Countries with the fastest internet in the world, Ranked: Americas most dog-friendly national parks, How to visit the San Blas Islands from Panama City, 8 day trips from San Salvador in El Salvador, Things to do on Ambergris Caye: La Isla Bonita, Best dive sites in Belize: our top 8 picks. However, the service industry is quickly becoming the citys primary economic driver. 10. The cleanest city in the world is London in the United Kingdom. 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. Financial services, high technology, and insurance and media are the main industries that make Dsseldorf, Essen, and Cologne the largest cities economically. 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. Recent years have seen a significant increase in the amount of foreign investment flowing into Spain, and Madrids comparative advantages have been crucial in attracting this capitals share of this money. 1.Tokyo, Japan (GDP - $1,520 billion) The richest city in the world in 2022 is Tokyo. Furthermore, the cities derive their wealth from huge populations that have increased consumer spending, government spending, and business investments, thus growing their GDPs. Greater Barcelona is an urban region in Catalonia (Spain), centered on the city of Barcelona, and situated less than a hundred kilometers south of the French border. Paris has been one of the most powerful financial centres of Europe since the 17th century. 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. 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. It first came into existence in the 1100s and grew to become Russia's political and economic centre. Beijing has grown tremendously over the years to become a global city. The richest area currently in Europe is London and Paris with a total economic output of $835 billion and $822 billion, respectively. Interactive map. Geneva 4. This city has a population size of over 24 million and is designated by the Chinese government as a "Free Trade Zone". London: 63 Billionaires Since Last Year: +7 Total Net Worth: $316.1 Billion Richest Resident: Len Blavatnik, $32 Billion Check your inbox to be the first to know the hottest news. There are a number of highly developed, technologically advanced cities in Europe. New York was the only North American city to place in the top ten. London City | Photo: Reuters 7. You may need to know which European cities are the richest in terms of strong economy and GDP per capita.