NEW YORK: THE CITY WITH THE MOST BILLIONAIRES

10. Apr 2023
Photo: Pixabay

New York is the city where the most billionaires currently live, as Forbes research shows: of the 2,640 billionaires on the Forbes list, 101 have made New York their primary residence.

The Big Apple was the main residential center for billionaires for seven years in a row, until Beijing took over the primacy in 2021. But the reign of the Chinese capital was short-lived. New York regained the first place already in 2022 and kept it this year as well, investitor.me reports.

Together, New York's billionaires are worth a total of $616.8 billion. China is still the country with the most cities in the top 10, with Beijing falling from second last year to third this year.

After a sharp drop in the number of billionaires last year, Moscow has recovered. The Russian capital is now home to 61 billionaires, up from 53 last year, as Russian wealth largely rebounded from a 2022 low thanks to rising commodity prices that outweighed the impact of sanctions since the war in Ukraine.

Even as the fortunes of India's billionaires are in crisis, largely due to the Gautam Adani scandal, India has managed to squeeze another of its cities into the top ten. Delhi has tied with San Francisco (with 37 billionaires each) and shares the 10th place, previously held by Seoul. Mumbai, meanwhile, has moved up one place to No. 8 this year.

Forbes was unable to find a primary residence for 68 of the 2,640 billionaires in the 2023 ranking.

Cities with the most billionaires:

  1. NEW YORK

101 billionaires | From last year: -6 | Total Net Worth: $616.8 billion | Richest resident: Michael Bloomberg ($94.5 billion)

  1. HONG KONG

70 billionaires | From last year: +2 | Total Net Worth: $286.8 billion | Richest resident: Lee Shau Kee ($29.5 billion)

  1. BEIJING

68 billionaires | From last year: -15 | Total Net Worth: $247.2 billion | Richest resident: Zhang Yiming ($45 billion)

  1. SHANGHAI

65 billionaires | From last year: +4 | Total Net Worth: $181.9 billion | Richest resident: Colin Zheng Huang ($30.2 billion)

  1. LONDON

63 billionaires | From last year: -3 | Total Net Worth: $294.9 billion | Richest resident: Len Blavatnik ($32.1 billion)

  1. MOSCOW

61 billionaires | From last year: +8 | Total Net Worth: $307.1 billion | Richest resident: Vladimir Potanin ($23.7 billion)

  1. MUMBAI

56 billionaires | From last year: +5 | Total Net Worth: $276.4 billion | Richest resident: Mukesh Ambani ($83.4 billion)

  1. SHENZHEN

54 billionaires | From last year: -5 | Total Net Worth: $246 billion | Richest resident: Ma Huateng ($35.3 billion)

  1. SINGAPORE

46 billionaires | From last year: +10 | Total Net Worth: $133.3 billion | Richest resident: Goh Cheng Liang ($14.3 billion)

  1. DELHI

37 billionaires (tied) | From last year: +2 | Total Net Worth: $116.4 billion | Richest resident: Shiv Nadar ($25.6 billion)

  1. SAN FRANCISCO

37 billionaires (tied) | From last year: -7 | Total Net Worth: $114.2 billion | Richest resident: Brian Chesky ($9.3 billion)

Source: investitor.me

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