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New York City Lost Leadership Among Cities With Most Billionaires

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Beijing leads in the number of billionaires

For the first time, Chinese Beijing has become the leader, where there is one billionaire more than in the American business capital.

For the first time in history, Beijing has become the city with the largest number of billionaires in the world. At the end of last year, 100 billionaires lived there, which is one more than in New York. This is evidenced by the data of the list of billionaires. Forbes.

It is noted that during the year 33 new billionaires appeared in the Chinese capital, while in New York – only seven. At the same time, the population of Beijing is 21 million people, 2.5 times more than in New York (8.4 million).

The richest resident of Beijing is Zheng Yimin, founder of ByteDance, the owner of TikTok. His fortune is $ 35.6 billion. In New York, the richest is the ex-mayor of the city and businessman Michael Bloomberg with a fortune of $ 59 billion.

At the same time, the United States as a whole remains the leader in terms of the number of billionaires (724 people). China, including Hong Kong and Macau, ranks second (698). At the same time, over the past year, a record 210 new billionaires have appeared in China. Next on the list are India (140), Germany (136) and Russia (117).

Earlier it was reported that the former US President Donald Trump plummets in Forbes billionaire ranking.

Open skirmish. China and the US had a loud fight

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