Forbes has recently released a list of top 10 richest cities in the world. So we bring you the winners ranked according to the maximum numbers of billionaires each city has.
10. Singapore
The wealthy city-state has 31 billionaire residents, up from 22 last year, and replaces Seoul in the top 10. Singapore’s richest resident, Zhang Yong, is also China’s richest restaurateur — the owner of Sichuan hot pot chain Haidilao is $4.2 billion richer than he was in 2019, thanks to a 53% rise in the company’s stock over the past year.
No. of Billionaires: 31
Total Net Worth: $95.3 Billion
09. San Fransisco
The city by the bay has five fewer billionaires than a year ago in part because fortunes fell below $1 billion for former Uber CEO Ryan Graves and Pinterest co-founder Ben Silbermann. Newcomers to the billionaire ranks who live in San Francisco include private equity dealmaker Orlando Bravo and cloud communications entrepreneur Vlad Shmunis.
No. of Billionaires: 37
Total Net Worth: $90.7 Billion
08. Mumbai
Mumbai gained one billionaire residents since 2019, losing five billionaires but adding six newcomers. Those include Abhay Vakil, who heads India’s largest paint company, Asian Paints, and the Parekh brothers, who control adhesives and sealants maker Pidilite Industries. One dropoff is Rajan Raheja, a member of the city’s Raheja real estate clan, who was worth an estimated $2.3 billion last year.
No. of Billionaires: 38
Total Net Worth: $149.3 Billion
07. Shenzhen
The manufacturing and export hub across from Hong Kong added five members to the three-comma-club in the last year, all of them self-made.
No. of Billionaires: 44
Total Net Worth: $220.2 Billion
06. Shanghai
E-commerce has seen a boom in China since millions of citizens were locked down in an effort to slow the spread of the coronavirus in January, boosting the fortunes of online retail titans like Colin Huang.
No. of Billionaires: 46
Total Net Worth: $130.7 Billion
05. London
No. of Billionaires: 56
Total Net Worth: $212.7 Billion
04. Beijing
The Chinese capital’s tally of ten-figure-fortunes rose by six since last year to reach 67 billionaires. Two of those in Beijing are new billionaires this year: Larry Xiangdong Chen of GSX Techedu and Liu Yachao of TAL Education Group, both of whom own companies that provide online education and after-school tutoring for students.
No. of Billionaires: 67
Total Net Worth: $218.2 Billion
03. Moscow
Moscow is the only other city among the top 10, besides Shenzhen, where every single billionaire is self-made (as opposed to inheriting a fortune); many have close ties to Russian President Vladimir Putin. More than 80% of Russia’s billionaires call its capital home, including mining mogul Vladimir Potanin, who is also the richest person in the nation.
No. of Billionaires: 70
Total Net Worth: $301.7 Billion
02. Hong Kong
Hong Kong remains No. 2 on the list, but the city recorded a net loss of eight billionaire residents.
No. of Billionaires: 71
Total Net Worth: $321 Billion
01. New York
New York City notched the top spot for the sixth year running, growing its count of billionaire city dwellers by eight compared to 2019.
No. of Billionaires: 92
Total Net Worth: $424 Billion
