New York City The Big Apple is home to 340,000 millionaires, 724 centi-millionaires, and 58 billionaires. It is the financial center of the USA and the wealthiest city in the world by several measures. It is also home to the world's two largest stock exchanges by market cap (the NYSE and the Nasdaq).
In the Australian continent, Sydney which is the capital of New South Wales, Australia is the richest city. It is the home to 126,900 millionaires, 184 centi-millionaires, and 15 billionaires. In the world's wealthiest cities list, it occupies 10th position.
Top 10 cities around the world with the most billionaires
New York City topped the list with 136 billionaires in 2022. The city's uber-rich population lost two people from 2021 to 2022, but it's still the global billionaire capital.
This year, out of 2,640 billionaires on Forbes' World's Billionaires list, 101 have made New York City their primary residence–more than anywhere else in the world, per Forbes' research.
The growing wealth of Australia's richest people has also had a significant impact. When calculated by the mean, Australia is in fourth place.
The GDP per capita is calculated by dividing a country's GDP by its population. Thus, the richest countries in the world are those with the highest GDP per capita. Currently, the richest country in the world in terms of GDP per capita is Luxembourg, with a GDP per capita of $135,700.
Forbes' real-time data shows that as of June 2023, there are 48 Australian billionaires on the list of the world's richest people.
The city approximately has 126,900 high-net-worth individuals (USD 1 million+), 184 centi-millionaires (USD 100 million+) and 15 billionaires (USD 1 billion +).
Today, there are no known trillionaires in the world. But there are more billionaires than ever before and a handful of companies with a trillion-dollar market cap.
According to statistics, Switzerland has the highest proportion of millionaires as of 2021, closely followed by Luxembourg. Even though the income tax rate in Switzerland is 40%, 16.4% of the world's millionaires reside there as of 2021.
6. Why is Dubai one of the richest countries in the world? Free trade, a low tax rate, and zero income tax have made Dubai a popular business hub and a wealthy state. Dubai is also the gateway to the East and boasts of the world's highest international passenger flow.
Mungallala Methodist Church was built in 1964. It has now closed. In 2016, the Australian Taxation Office listed Mungallala as having the lowest mean taxable income by postcode, making it the poorest town in Australia, which led the ABC to do a documentary on the town for their online "storyhunters" program.
On a mean wealth basis, Australia was the fourth-richest country in 2021 behind Switzerland, the US and Hong Kong. The average Australian adult was worth $US550,110 at the end of last year, after enjoying a $US66,350 annual increase in wealth.
Among all the states and territories in Australia, New South Wales is considered the richest state. It has the largest economy, a diverse range of industries, and a higher-than-average income, which contribute to its status as the wealthiest state.
Australians wanting to be in the country's top 1% for wealth need to have an individual net worth of US$5.5 million ($8.3 million), Knight Frank's 2023 Wealth Report has found.
THE LIST. Australia's richest person, Gina Rinehart, is the daughter of iron-ore explorer Lang Hancock. Rinehart made her wealth rebuilding Hancock Prospecting, becoming chair in 1992 when her father died.
AFR Rich List 2023: The ten richest Australians for 2023, ranked. Gina Rinehart, Andrew 'Twiggy' Forrest, Anthony Pratt, Harry Triguboff, Clive Palmer, Mike Cannon-Brookes.
Australians are the richest people in the world, with a median wealth three times that of the average American, a new report has shown.
Gina Rinehart: $43.17 billion
With a net worth of an excruciating $43 billion, Rinehart is not only the richest woman in Australia - by a large margin - she is also the eighth-richest woman in the world and among the wealthiest humans alive.
Australia has plentiful supplies of natural resources, including the second largest accessible reserves of iron ore in the world, the fifth largest reserves of coal and significant gas resources. For a long time, commodities have made up a sizeable share of our exports.
In the world, the poorest countries are mostly located in Africa and Asia, with Burundi being the poorest country followed by Somalia, Mozambique, Central African Republic, and Madagascar.
The American economy is fueled by high productivity, transportation infrastructure, and extensive natural resources. Americans have the highest average household and employee income among OECD member states.