5 Cities With the Most Billionaires in the World

In this article we are going to list the 5 cities with most billionaires in the world. For a detailed coverage of this topic and a more comprehensive list please take a look at the 30 cities with most billionaires in the world.

5. Shenzhen

Total number of billionaires in 2022: 113

Total GDP in 2021 (in millions): 455,694

Shenzhen is one of three Chinese cities to have more billionaires than any other city, with its richest person being Ma Huateng, worth $40 billion, with his fortune being derived from internet media through Tencent, one of the largest internet companies in the world,

4. Beijing

Total number of billionaires in 2022: 144

Total GDP in 2021 (in millions): 591,374

Beijing became home to the most billionaires in the world in 2021, and has continued to hold on to the title, though its lower GDP has led to it falling down a bit in our list of the cities with the most billionaires in the world.

3. Shanghai

Total number of billionaires in 2022: 121

Total GDP in 2021 (in millions): 661,600

According to the Hurun report, China created more billionaires than the U.S., and the richest city in China in Shanghai is unsurprisingly home to the second-highest number of billionaires in the country.

2. London

Total number of billionaires in 2022: 101

Total GDP in 2021 (in millions): 978,402

Considered to be the financial center of Europe, it is no surprise that London features so highly in our list. There are so many billionaires in London that there is a specific area known as Billionaires Row which is home to celebrities and business magnates with sprawling properties. Jim Ratcliffe, founder of INEOS, is considered to be the richest person in London with a net worth of $15.3 billion.

1. New York City

Total number of billionaires in 2022: 110

Total GDP in 2021 (in millions): 1,874,398

New York City tops the list of the 30 cities with the most billionaires in the world. While Shanghai has more billionaires, New York City is a close second, and has the highest GDP after Tokyo. New York City is also home to the most millionaires in the world at close to 350,000. The richest person in New York is Michael Bloomberg whose wealth is derived from Bloomberg LP.

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