These five cities are home to the world’s largest number of billionaires

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Beijing, for the first time in its history, surpassed New York City to become home to the highest number of dollar billionaires, according to TBEN’ recent 2021 annual World Billionaires List.

Beijing, China

After ranking number one for seven years, New York fell out of place as Beijing recorded a net gain of 33 new billionaires. The Chinese capital, which is skyrocketing from number 4 to number 1, is now home to 100 billionaires, 33 more out of last year’s 67 billionaires. Zhang Yiming, the founder of TikTok’s parent company, ByteDance has a net worth of $ 35.6 billion. Beijing’s total net worth is $ 484.3 billion, according to the TBEN report.

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New York, United States

Missing its number spot by just one billionaire, the second position is held by the American city of New York, which is now home to 99 billionaires. NYC got an addition of seven more billionaires from 2020. According to the list, Michael Bloomberg is still the richest individual in the city with a net worth of $ 59 billion. The city, also known as the Big Apple, has a total net worth of $ 560.5 billion.

Hong Kong, China

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The third sport is claimed by another Chinese city, Hong Kong with 80 billionaires. The former British colony added nine billionaires to its kitty, despite a real estate slump and the country’s growing interference in its political affairs. With a net worth of $ 33.7, Li Ka-Shing is the wealthiest resident of the port city. Hong Kong has a total net worth of $ 448.4 billion.

Moscow, Russia

Fourth place is taken by Moscow, which is home to 79 billionaires. Russia’s capital added nine billionaires last year and even though the country’s GDP contracted in 2020, the city has a total net worth of $ 420.6 billion. The city’s richest resident is Alexey Mordashov and his family, with a net worth of $ 29.1 billion.

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Shenzen, China

At number five is another Chinese city, Shenzen, home to 68 billionaires. Shenzen, also known as Silicon Valley in China, has a net gain of 24 billionaires, just behind Beijing. All but one of Shenzhen’s 68 billionaires are self-taught, according to the TBEN report. The city’s richest resident is Ma Huateng, the owner of Tencent, with a net worth of $ 65.8 billion. Shenzhen’s total net worth equals $ 415.3 billion.

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