There are over 700 cities in the world, but only ten of these cities are recognized by Forbes to have the most billionaires in the world. Taking the question directly, which cities have the most billionaires in the world presently? The top ten cities with the most billionaires in the world, have been recorded under this post.
More than 26% of the world’s 2,095 Billionaires live in only 10 cities from among the three continents. From Singapore to New York City, the 2,095 persons recorded under the Forbes World’s billionaire list, 552 of their members live in just ten cities.
Even more, billionaires regard New York City as a home than any other city in the world; this is the sixth year in a row that the records reveal this. Currently, 92 billionaires live in Big Apple as their primary residence; 8 of these billionaires have lived there for more than 5 years.
The former Mayor and Bloomberg LP Founder, Michael Bloomberg, is the richest person in New York City, having fortunes worth over $48 billion. Some other notable New York City billionaires include Julia Koch, the widow of David Koch – a former Koch Industries magnate; and Hip Hop superstar – Jay Z, who is also the second richest rapper in the world.
Collectively, the net worth of NYC’s billionaires is $424 billion.
China is the country with the most cities in these top ten billionaire cities. Beijing, Shanghai, and Shenzhen are the No. 4,6, and 7 cities with the most billionaires in the world. Hing Kong is the city with the second most billionaires in the world. 228 billionaires reside in these four cities in China.
Singapore replaced Seoul on the list of the world’s most occupied cities by billionaires. Since 2019, the Southeastern Asian city has recorded nine billionaires living in the city.
The South Korean Capital lost ten of the city’s members to the rising development costs, Coronavirus, and foreign competition in the pharmaceutical sector. Entirely, thirteen Seoul-based billionaires dropped off this list.
The gaming tycoons Gang Ye and Forrest Li, the co-founders of the e-commerce firm – Sea and online gaming firm are part of Singapore’s newest billionaires. Both Industries have made benefited from staying indoors while spending more time online.
Top 10 Cities With Most Billionaires In The World
Below are the ten cities in the world with the most billionaires.
New York City
Number of Billionaires: 92 billionaires, with 5 added billionaires since 2019
Total Net Worth of The City: $424 Billion
Richest Resident: Michael Bloomberg with a net worth of $48 billion
New York assumed the top of the list of cities with the richest billionaires in the world. The count of billionaire city dwellers in NYC grew by eight new billionaires since 2019. Five of those new billionaire residents are from the finance industry and include some of the private equity personnel like Steven Klinsky and Tony Tamer.
The Brooklyn native, Jay Z, and AI Pioneer, Daniel Dines are billionaires from other sectors in the city. Apart from the rich residents in New York City, the American currency is one of the world’s strongest currencies. This gives the nation an edge in trade over most other countries with low-performing currencies.
Hong Kong
Number of Billionaires: 71 billionaires, minus 8 billionaires since 2019
Total Net Worth of The City: $321 Billion
Richest Resident: Lee Shau Kee with a net worth of $28.1 billion
Hong Kong is number two on the list of the cities with the richest billionaires in the world. The city recorded a net loss of eight billionaires from 2019 to 2022. The real estate industry is the main star of income for most Hong Kong billionaire residents.
The fall in prices of properties caused a backslide in the income of Hong Kong’s real estate developer – Lun Ruixiang. He is also one of the Billionaires living in the city.
Moscow
Number of Billionaires: 70 billionaires, minus 1 billionaire since 2019
Total Net Worth of the City: $301.7 Billion
Richest Resident: Vladimir Potanin with a net worth of $19.7 billion
Every single Billionaire in Moscow is self-made that is, their net worth is not drawn from their inheritances. Some of these Billionaires in Moscow have close ties with the Russian President – Vladimir Putin.
Vladimir Potanin is one of the richest people in the nation and resides in one of the cities with the highest number of Billionaires in the world. More than 80% of Russian Billionaires reside in this city.
Beijing
Number of Billionaires: 67 billionaires, with 6 added billionaires since 2019
Total Net Worth of The City: $218.2 Billion
Richest Resident: Zhang Yiming with a net worth of $16.2 billion
6 billionaires were added to the 67 other billionaires that were residing in the Chinese capital between 2019 to 2022.
Two of these persons recently hit the 10-figure net worth and became billionaires this year. Liu Yachao of TAL Education Group and Larry Xiangdong Chen of GSX Techedu are these new Beijing resident billionaires.
London
Number of Billionaires: 56 billionaires, with 1 added billionaire since 2019
Total Net Worth of The City: $212.7 Billion
Richest Resident: Len Blavatnik with a net worth of $17 billion
London and the entire United Kingdom separated from the European Union on January 31st, 2020 and though the city gained one billionaire resident, five of the billionaires resident in the city are from outside the city.
The give billionaire residents in London include Camilla de Godoy Bueno Grossi, Edson de Godoy Bueno, and the Russian brothers Dmitry, and Igor Buckman.
Shanghai
Number of Billionaires: 46 billionaires, plus one billionaire since 2019
Total Net Worth of The City: $130.7 Billion
Richest Resident: Collin Huan with a net worth of $16.5 billion
Collin Huan, a Chinese E-commerce mogul earned much of his fortune from online retail stores. Some other Shanghai entrepreneurs that are residents in this top city with numerous billionaires include Wang Jilei; an investor in the express delivery firm – ZTO Express and Chen Rui; the owner of BiliBili – a site with free access to entertainment shows and anime.
Shenzhen
Number of Billionaires: 44 billionaires, with 5 added billionaires since 2019
Total Net Worth of The City: $220.2 Billion
Richest Resident: MA Huateng with a net worth of $38.1 billion
The wealthiest resident in Shenzhen – Ma Huateng is the CEO and Chairman of Internet Media Behemoth Tencent Holdings. He is the second richest person in China, after Jack Ma, the Alibaba cofounder.
Even with the economic struggles of the country, the city added $29.7 billion to its net worth since the initial record from 2019 was augmented on Forbes magazine. Some of the richest companies in the world have their headquarters located in Shenzhen.
Mumbai
Number of Billionaires: 38 billionaires, plus 1 billionaire since 2019
Total Net Worth of the City: $149.3 Billion
Richest Resident: Mukesh Ambani with a net worth of $36.8 billion
Though Mumbai gained one new billionaire in 2019, the city lost 5 of its billionaire residents. Mumbai also had some other high-profile personalities in the city including Abhay Vakil – the leader of India’s largest paint company (Asian paints), Parekh Brothers – owners of Pidilite Industries, and Rajan Raheja; a member of the Raheja Real Estate Clan who was worth $2.3 billion in 2021.
San Fransisco
Number of Billionaires: 38 billionaires, minus 5 Billionaires since 2019
Total Net Worth of The City: $90.7 Billion
Richest Resident: Dustin Moskovitz with a net worth of $9.3 billion
San Francisco has 5 fewer billionaires in the city than it had a year ago. The fortunes of the city fell by $1 billion, as the Former CEO of Uber; Ryan Graves, and the Pinterest cofounder; Ben Silbermann left the city.
The billionaires who currently live in San Francisco include; Orlando Bravo; a private equity dealmaker and Vlad Shmunis; a cloud communications entrepreneur. Other billionaires reside in San Francisco, which is one of the cities with the most billionaires in the world.
Singapore
Number of Billionaires: 31 billionaires, plus 9 billionaires since 2019
Total Net Worth of The City: $95.3 Billion
Richest Resident: Zhang Young with a net worth of $11 billion
This is one of the wealthiest cities, having 31 billionaire residents in the city. Zhang Young; the richest resident in Singapore is also the richest restaurant owner in China.
His restaurant – Sichuan Hot Pot Haidilao is worth billions, and increased by 53% that is, $4.3 billion during the past year.
This is certainly one of the cities with the most billionaires in the world. Some of the richest billionaires in Africa are also residents here.
