According to the latest Forbes Billionaires list, there are currently over 2,800 billionaires in the world. With a combined net worth of over $13 trillion. But where do these ultra-wealthy individuals live? Which cities can boast the highest concentration of billionaires? Let’s take a look at the top 10 cities with the most billionaires in 2023.
#1. New York City:
- New York City, USA Is one of the largest and most vibrant cities in the world. It’s no surprise that New York City takes the top spot on our list with 115 billionaires. The city is home to some of the world’s most successful businesspeople, including Michael Bloomberg, Rupert Murdoch, and David Koch.
#2. Beijing:
- Beijing, China With a population of over 21 million people. Beijing has become a hub for business and innovation in China, with 98 billionaires calling it home. The city is home to some of the biggest names in Chinese business. Including Jack Ma of Alibaba and Wang Jianlin of Wanda Group.
#3. Moscow:
- Russia Moscow has been a center of Russian power and influence for centuries. And it remains so today, with 70 billionaires residing in the city. Many of these billionaires made their fortunes in the energy and natural resources sectors.
#4. Hong Kong:
- A financial and economic powerhouse, Hong Kong boasts 64 billionaires who call the city home. The city has long been a hub for international trade and finance. And it continues to attract some of the world’s wealthiest individuals.
#5. Mumbai:
- Mumbai, India Mumbai is India’s largest city and financial center, with 48 billionaires calling it home. The city is home to some of India’s biggest business conglomerates, including Tata Group and Reliance Industries.
#6. London:
- UK London is one of the world’s most cosmopolitan cities. A hub for global finance, with 45 billionaires living in the city. Some of the biggest names in British business, including Richard Branson and Jim Ratcliffe, call London home.
#7. San Francisco:
- USA San Francisco is the epicenter of the tech industry and has become a hub for innovation and entrepreneurship. The city is home to 38 billionaires, including Mark Zuckerberg of Facebook and Larry Ellison of Oracle.
#8. Shanghai :
- Shanghai, China With a population of over 24 million people. Shanghai is one of China’s largest cities and a major center for trade and commerce. The city has 35 billionaires, including Xu Jiayin of the Evergrande Group and Fan Hongwei of the Hengli Group.
#9. Singapore:
- Singapore is a small but powerful island city-state and a major financial and business center in Southeast Asia. The city is home to 33 billionaires, including Facebook co-founder Eduardo Saverin and real estate magnate Kwek Leng Beng.
#10. Dubai:
- Dubai, UAE Dubai is known for its opulence and extravagance. And there is no surprise that it’s also home to some of the world’s wealthiest individuals. The city has 29 billionaires, including real estate tycoon Hussain Sajwani and Abdullah Al Futtaim of Al Futtaim Group.
The world’s billionaires are concentrated in a few global cities that are hubs for innovation, trade, and finance. Some of these cities have been centers of power for centuries. But others have emerged as major players in recent years, reflecting the changing global economy. As these cities continue to attract the world’s wealthiest individuals. We can expect to see new faces and new fortunes in the coming years.
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