london – The Fund Society

Mapped: The World’s Wealthiest Cities, by Millionaires and Billionaires

Published

9 seconds ago

June 27, 2024 Article/Editing: Graphics/Design:

See this visualization first on the Voronoi app.

Mapped: The Wealthiest Cities, by Millionaires and Billionaires

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

Where are the top destinations for millionaires and billionaires worldwide?

Today, the richest cities in the world are finance and tech hubs, drawing affluent residents to thriving metropolitans. Given the flow of wealth and high demand for prime property, it’s no surprise that these cities have some of the most exclusive residential markets globally.

The above graphic shows the world’s wealthiest cities by the number of millionaires and billionaires, based on data from Henley & Partners annual World’s Wealthiest Cities Report.

Cities with the Most Millionaires and Billionaires

Below, we order the richest cities globally, based on their millionaire population in 2023 (net worth of $1 million USD or more) along with each city’s billionaire population (net worth of $1 billion USD or more):

Rank
(by Millionaires)City/AreaCountryMillionairesBillionaires 1New York City🇺🇸 U.S.340,00058 2Tokyo🇯🇵 Japan290,30014 3The Bay Area🇺🇸 U.S.285,00063 4London🇬🇧 UK258,00036 5Singapore🇸🇬 Singapore240,10027 6Los Angeles🇺🇸 U.S.205,40042 7Hong Kong🇭🇰 Hong Kong SAR129,50032 8Beijing🇨🇳 China128,20043 9Shanghai🇨🇳 China127,20040 10Sydney🇦🇺 Australia126,90015 11Chicago🇺🇸 U.S.124,00024 12Toronto🇨🇦 Canada105,20018 13Frankfurt🇩🇪 Germany102,20016 14Zurich🇨🇭 Switzerland99,30012 15Houston🇺🇸 U.S.98,50020 16Seoul🇰🇷 South Korea97,00024 17Melbourne🇦🇺 Australia96,00010 18Paris🇫🇷 France93,00016 19Geneva🇨🇭 Switzerland85,80015 20Dubai🇦🇪 UAE68,40015

With 340,000 millionaires and 58 billionaires, New York City stands as the world’s wealthiest metropolitan area.

Between 2012 and 2022, the number of high net worth individuals living in the Big Apple increased by 40%, even as the pandemic drove an exodus of wealthy people from the city. Overall, the wealth of New York City’s residents is roughly $3 trillion, more than the GDP of Canada.

Falling in second is Tokyo, boasting a millionaire population of 290,300 residents. Roughly a fifth of the country’s millionaires live in the city.

With one of the fastest growing millionaire populations across this list, The Bay Area ranks in third. Driven by

Ranked: The Top Startup Cities Around the World

Published

43 seconds ago

May 21, 2024 Graphics/Design:

See this visualization first on the Voronoi app.

The Top Startup Cities Around the World

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

A richly connected network of founders, venture capital firms, and tech talent are some of the key ingredients driving a startup ecosystem.

As engines of growth, these tech clusters are evolving on a global scale. While the world’s leading startup cities are concentrated in America, several ecosystems, such as Beijing and Seoul, are growing in prominence as countries focus on technological advancement to spur innovation.

This graphic shows the best startup cities worldwide, based on data from Pitchbook.

The Global Startup Ecosystem Rankings

To determine the rankings, each city was analyzed based on the scale and maturity of their startup ecosystem over a six-year period ending in the second quarter of 2023.

Among the inputs analyzed and used to calculate the overall development score were fundraising activity, venture capital deals, and exit value:

RankCityDevelopment ScoreCapital RaisedDeal CountExit Value 1🇺🇸 San Francisco90$427.6B19,898$766.3B 2🇺🇸 New York76$179.9B13,594$171.7B 3🇨🇳 Beijing76$161.2B8,835$279.2B 4🇨🇳 Shanghai73$130.3B7,422$186.8B 5🇺🇸 Los Angeles71$144.6B9,781$181.4B 6🇺🇸 Boston70$117.0B6,044$172.8B 7🇬🇧 London64$99.0B11,533$71.9B 8🇨🇳 Shenzhen63$46.4B5,020$66.3B 9🇰🇷 Seoul61$31.1B6,196$71.0B 10🇯🇵 Tokyo60$26.2B5,590$28.0B 11🇨🇳 Hangzhou59$50.7B3,361$88.7B 12🇺🇸 Washington D.C.55$43.7B2,706$28.2B 13🇺🇸 Seattle54$31.7B2,693$35.6B 14🇸🇬 Singapore52$45.7B4,507$38.0B 15🇺🇸 San Diego52$33.5B2,023$44.7B 16🇺🇸 Austin52$26.4B2,636$22.9B 17🇨🇳 Guangzhou52$24.7B1,700$24.0B 18🇮🇱 Tel Aviv51$21.0B1,936$32.2B 19🇺🇸 Denver51$26.8B2,489$29.9B 20🇩🇪 Berlin50$31.2B2,469$15.9B

San Francisco dominates the pack, with $427.6 billion in capital raised over the six-year period.

Despite a challenging funding environment, nearly 20,000 deals closed, highlighting its outsized role in launching tech startups. Both OpenAI and rival Anthropic are headquartered in the city, thanks to its broad pool of tech talent and venture capital firms. Overall, 11,812 startups were based in the San Francisco Bay Area in 2023, equal to about 20% of startups in America.

Falling next in line is New York City, which raised $179.9 billion over the same time period. Crypto firm Gemini and machine learning company, Hugging

beijing innovation london new york san francisco shanghai tech startups Technology venture capital fundraising

How People Get Around in America, Europe, and Asia

Published

1 hour ago

May 8, 2024 Graphics/Design:

See this visualization first on the Voronoi app.

How People Get Around in America, Europe, and Asia

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

This chart highlights the popularity of different transportation types in the Americas, Europe, and Asia, calculated by modal share.

Data for this article and visualization is sourced from ‘The ABC of Mobility’, a research paper by Rafael Prieto-Curiel (Complexity Science Hub) and Juan P. Ospina (EAFIT University), accessed through ScienceDirect.

The authors gathered their modal share data through travel surveys, which focused on the primary mode of transportation a person employs for each weekday trip. Information from 800 cities across 61 countries was collected for this study.

North American Car Culture Contrasts with the Rest of the World

In the U.S. and Canada, people heavily rely on cars to get around, no matter the size of the city. There are a few exceptions of course, such as New York, Toronto, and smaller college towns across the United States.

Region🚗 Cars🚌 Public Transport🚶 Walking/Biking North America*92%5%4% Central America23%42%35% South America29%40%31% Northern Europe48%29%24% Western Europe43%24%34% Southern Europe50%24%25% Eastern Europe35%40%25% Southeastern Asia44%43%13% Western Asia43%28%29% Southern Asia22%39%39% Eastern Asia19%46%35% World51%26%22%
Note: *Excluding Mexico. Percentages are rounded.

As a result, North America’s share of public transport and active mobility (walking and biking) is the lowest amongst all surveyed regions by a significant amount.

On the other hand, public transport reigns supreme in South and Central America as well as Southern and Eastern Asia. It ties with cars in Southeastern Asia, and is eclipsed by cars in Western Asia.

As outlined in the paper, Europe sees more city-level differences in transport popularity.

For example, Utrecht, Netherlands prefers walking and biking. People in Paris and London like using their extensive transit systems. And in Manchester and Rome, roughly two out of three journeys are by car.

asia Automotive biking Canada car culture Cars Culture europe Green london Manchester Misc modal share netherlands north america paris public transit rome south america transport transport popularity transport share transport type travel U.S. walking