According to the Hurun Global Rich List 2025, the city with the highest number of billionaires in 2025 was New York. In detail, *** billionaires resided in the American city. Furthermore, ** billionaires lived in London, while Shanghai had a billionaire population of ** individuals. New York was the only city in the world with more than 100 billionaires that year. Mega-cities of the world A large number of the world’s billionaires are concentrated in a select number of the world’s mega-cities. This has as much to do with the location of their wealth, business interests, and further earning potential, as does the quality of life in those cities. A look at the most significant industries in the global billionaire production line helps to explain the prominence of the traditional capitals of global business including New York, London and Hong Kong. The place of many Chinese cities on the list can in part be explained by the strong performance of industrial conglomerates from the country in recent years. Economic growth in China While New York is the city with the highest number of billionaires, China now boasts the most billionaires of any country in the world. However, ***** of the top ten wealthiest billionaires still came from the United States as of 2025.

Graph and download economic data for Quarterly Weighted Average of Total Equity Capital for Commercial Banks Geographically Located in Federal Reserve District 10: Kansas City (DISCONTINUED) (D10QWATEC) from Q1 1984 to Q3 2020 about FRB KC District, equity, capital, commercial, banks, depository institutions, and USA.

Out of all 50 states, New York had the highest per-capita real gross domestic product (GDP) in 2023, at 90,730 U.S. dollars, followed closely by Massachusetts. Mississippi had the lowest per-capita real GDP, at 39,102 U.S. dollars. While not a state, the District of Columbia had a per capita GDP of more than 214,000 U.S. dollars. What is real GDP? A country’s real GDP is a measure that shows the value of the goods and services produced by an economy and is adjusted for inflation. The real GDP of a country helps economists to see the health of a country’s economy and its standard of living. Downturns in GDP growth can indicate financial difficulties, such as the financial crisis of 2008 and 2009, when the U.S. GDP decreased by 2.5 percent. The COVID-19 pandemic had a significant impact on U.S. GDP, shrinking the economy 2.8 percent. The U.S. economy rebounded in 2021, however, growing by nearly six percent. Why real GDP per capita matters Real GDP per capita takes the GDP of a country, state, or metropolitan area and divides it by the number of people in that area. Some argue that per-capita GDP is more important than the GDP of a country, as it is a good indicator of whether or not the country’s population is getting wealthier, thus increasing the standard of living in that area. The best measure of standard of living when comparing across countries is thought to be GDP per capita at purchasing power parity (PPP) which uses the prices of specific goods to compare the absolute purchasing power of a countries currency.

Key information about US Household Income per Capita

• United States Annual Household Income per Capita reached 40,722.000 USD in Dec 2023, compared with the previous value of 39,167.917 USD in Dec 2022.
• US Annual Household Income per Capita data is updated yearly, available from Dec 1984 to Dec 2023, with an averaged value of 21,116.200 USD.
• The data reached an all-time high of 40,722.000 USD in Dec 2023 and a record low of 9,024.615 USD in Dec 1984.
• In the latest reports, Retail Sales of US grew 0.967 % YoY in May 2023.

Johannesburg was the wealthiest city in Africa as of 2021. South Africa's biggest city held *** billion U.S. dollars in private wealth, while Cape Town followed with *** billion U.S. dollars. The country led the ranking of wealthiest nations in Africa. The wealth value referred to assets such as cash, properties, and business interests held by individuals living in each country, less liabilities. Moreover, government funds were excluded.

As of 2024, Mumbai had a gross domestic product of *** billion U.S. dollars, the highest among other major cities in India. It was followed by Delhi with a GDP of around *** billion U.S. dollars. India’s megacities also boast the highest GDP among other cities in the country. What drives the GDP of India’s megacities? Mumbai is the financial capital of the country, and its GDP growth is primarily fueled by the financial services sector, port-based trade, and the Hindi film industry or Bollywood. Delhi in addition to being the political hub hosts a significant services sector. The satellite cities of Noida and Gurugram amplify the city's economic status. The southern cities of Bengaluru and Chennai have emerged as IT and manufacturing hubs respectively. Hyderabad is a significant player in the pharma and IT industries. Lastly, the western city of Ahmedabad, in addition to its strategic location and ports, is powered by the textile, chemicals, and machinery sectors. Does GDP equal to quality of life? Cities propelling economic growth and generating a major share of GDP is a global phenomenon, as in the case of Tokyo, Shanghai, New York, and others. However, the GDP, which measures the market value of all final goods and services produced in a region, does not always translate to a rise in quality of life. Five of India’s megacities featured in the Global Livability Index, with low ranks among global peers. The Index was based on indicators such as healthcare, political stability, environment and culture, infrastructure, and others.

In 2024, an estimated ******* people in South Korea owned financial assets worth one billion South Korean won or more. This was a year-on-year increase of around one percent. The rise in stock prices was, among other things, the key reason for the jump in the wealth of these millionaires. High-net-worth-individuals (HNWIs) in South Korea High-net-worth individuals (HNWI) refer to persons with a net worth of over *********** U.S. dollars including their primary residence. The number of HNWIs in South Korea has risen steadily in recent years. While there were about *** thousand HNWIs in 2016, the number exceeded ******* in 2021 and is expected to double the 2015 figure by 2026. South Korea was among the top 15 countries with the most ultra-high-net-worth individuals (UHNWIs), whose net assets, including their homes, exceed ** million U.S. dollars. Who are the wealthiest people in South Korea? In recent years, South Korea has also seen an increase in the number of billionaires, with the capital Seoul being one of the leading cities in the world with the most resident billionaires. With a net worth of around **** billion U.S dollars, Lee Jae-yong (Jay Y. Lee), executive chairman of Samsung Electronics and son of the late Samsung chairman Lee Kun-hee, was the wealthiest person in South Korea as of 2024. Seo Jung-jin, the founder of South Korea's biopharmaceutical company Celltrion, followed and led the wealth ranking along with Samsung boss Lee.

The gross domestic product per capita varied between provinces of Turkey. Under the observed period, Istanbul generally registered the highest GDP per capita. However, from 2021, Kocaeli ranked first, with its GDP per capita totaling almost ****** U.S. dollars in 2023. The capital city, Ankara, came third in the ranking, with a GDP per capita of ****** U.S. dollars.

The number of billionaires in Pakistan is forecast to reach **** in 2026. In 2016, there were just ***** individuals whose net worth exceeded *** billion U.S. dollars in Pakistan.

Leading billionaire cities

According to the Hurun Global Rich List 2022, Beijing had the most billionaires in 2022. In total, *** billionaires lived in China's capital. Furthermore, *** billionaires resided in Shanghai, while *** were in New York. Many of the world's billionaires are concentrated in a few megacities. A look at the primary industries of billionaires globally helps to explain the importance of traditional global business capitals such as New York, London, and Hong Kong. The inclusion of Chinese cities on the list can be explained partly by the country's industrial conglomerates' strong performance in recent years.

The effect of ******** on the wealth of billionaires

Elon Musk was the billionaire whose fortune grew the most due to the COVID-19 pandemic. From September 2019 to September 2022, Elon Musk increased his net worth by ***** billion US dollars. Google’s Larry Page added the second highest value to his net worth during the period under consideration, with an increase of **** billion dollars. In contrast, Facebook founder Mark Zuckerberg’s net worth decreased by nearly ** billion US dollars during the same time.

According to a study by the World Travel & Tourism Council (WTTC), Paris was the city with the highest direct travel and tourism contribution to GDP in 2022. That year, the direct travel and tourism GDP in the capital of France - the country with the highest number of international tourist arrivals worldwide - amounted to roughly ***** billion U.S. dollars. Meanwhile, Beijing and Orlando followed on the ranking in 2022, with a direct travel and tourism GDP of around **** billion and **** billion U.S. dollars, respectively.

In 2022, approximately 11.45 million people lived in São Paulo, making it the largest municipality in Brazil and one of the most populous cities in the world. The homonymous state of São Paulo was also the most populous federal entity in the country.

Brazil's cities

Brazil is home to two large metropolises: São Paulo with close to 11.45 million inhabitants, and Rio de Janeiro with around 6.21 million inhabitants. It also contains a number of smaller, but well known cities such as Brasília, Salvador, Belo Horizonte and many others, which report between 2 and 3 million inhabitants each. As a result, the country's population is primarily urban, with nearly 85 percent of inhabitants living in cities.

While smaller than some of the other cities, Brasília was chosen to be the capital because of its relatively central location. The city is also well-known for its modernist architecture and utopian city plan which is quite controversial - criticized by many and praised by others.

Sports venues capitals

A number of Brazil’s medium-sized and large cities were chosen as venues for the 2014 World Cup, and the 2015 Summer Olympics also took place in Rio de Janeiro. Both of these events required large sums of money to support infrastructure and enhance mobility within a number of different cities across the country. Billions of dollars were spent on the 2014 World Cup, which went primarily to stadium construction and renovation, but also to a number of different mobility projects. Other short-term spending on infrastructure for the World Cup and the Rio Olympic Games was estimated at around 50 billion U.S. dollars. While these events have poured a lot of money into urban infrastructure, a number of social and economic problems within the country remain unsolved.

Seychelles had the largest Gross Domestic Product (GDP) per capita in Africa as of 2024. The value amounted to 21,630 U.S. dollars. Mauritius followed with around 12,330 U.S. dollars, whereas Gabon registered 8,840 U.S. dollars. GDP per capita is calculated by dividing a country’s GDP by its population, meaning that some of the largest economies are not ranked within the leading ten. Impact of COVID-19 on North Africa’s GDP When looking at the GDP growth rate in Africa in 2024, Libya had the largest estimated growth in Northern Africa, a value of 7.8 percent compared to the previous year. Niger and Senegal were at the top of the list with rates of 10.4 percent and 8.3 percent, respectively. During the COVID-19 pandemic, the impact on the economy was severe. The growth of the North African real GDP was estimated at minus 1.1 percent in 2020. However, estimations for 2022 looked much brighter, as it was set that the region would see a GDP growth of six percent, compared to four percent in 2021.
Contribution of Tourism Various countries in Africa are dependent on tourism, contributing to the economy. In 2023, travel and tourism were estimated to contribute 182.6 billion U.S. dollars, a clear increase from 96.5 in 2020 following COVID-19. As of 2024, South Africa, Mauritius, and Egypt led tourism in the continent according to the Travel & Tourism Development Index.