Here Are The Richest Cities In The World With Highest Number Of Billionaires (2024)

According toForbes'World’s Billionaires list 2021, New York City lost its crown of being the home to the most number of dollar billionaires to Beijing. New York City added seven new billionaires while Beijing added 33 billionaires as China quickly bounced back from the Covid-19 pandemic which has hard hit the global economy.

Here is the list of the world’s top 10 cities with the most billionaires.

1. Beijing: 100 Billionaires

Since Last Year: +33

Total Net Worth: $484.3 Billion

Richest Resident: Zhang Yiming, $35.6 Billion

Beijing, China’s sprawling capital added 33 new billionaires as the country bounced back after the pandemic and topped the list.

2. New York City: 99 Billionaires

Since Last Year: +7

Total Net Worth: $560.5 Billion

Richest Resident: Michael Bloomberg, $59 Billion

After falling from the first spot New York city added seven new billionaires and Michael Bloomberg is the city’s wealthiest individual with worth $59 billion.

3. Hong Kong: 80 Billionaires

Since Last Year: +9

Total Net Worth: $448.4 Billion

Richest Resident: Li Ka-Shing, $33.7 Billion

Hong Kong added nine billionaires and Li Ka-Shing is the city’s richest individual worth $33.7 billion.

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4. Moscow: 79 Billionaires

Since Last Year: +9

Total Net Worth: $420.6 Billion

Richest Resident: Alexey Mordashov & Family, $29.1 Billion

Moscow also added nine new billionaires and Alexey Mordashov and family is the richest resident of the city.

5. Shenzhen: 68 Billionaires

Since Last Year: +24

Total Net Worth: $415.3 Billion

Richest Resident: Ma Huateng, $65.8 Billion

A modern metropolis city Shenzhen added 24 new billionaires and grab the fifth spot in this list.

6. Shanghai: 64 Billionaires

Since Last Year: +18

Total Net Worth: $259.6 Billion

Richest Resident: Colin Zheng Huang, $55.3 Billion

Shanghai remained at number six despite adding 18 new billionaires and Colin Zheng Huang is the richest resident of the city.

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7. London: 63 Billionaires

Since Last Year: +7

Total Net Worth: $316.1 Billion

Richest Resident: Len Blavatnik, $32 Billion

London, the capital of England and the United Kingdom added seven billionaires since last year.

8. Mumbai: 48 Billionaires

Since Last Year: +10

Total Net Worth: $265 Billion

Richest Resident: Mukesh Ambani, $84.5 Billion

The financial capital of India, Mumbai recorded a gain of ten billionaires and Mukesh Ambani is right now Asia's richest person.

9. San Francisco: 48 Billionaires

Since Last Year: +11

Total Net Worth: $190 Billion

Richest Resident: Dustin Moskovitz, $17.8 Billion

San Francisco welcomed 11 billionaires to its ranks and Dustin Moskovitz is the richest individual worth $17.8 billion

10. Hangzhou: 47 Billionaires

Since Last Year: +21

Total Net Worth: $269.2 Billion

Richest Resident: Shanshan Zhong, $68.9 Billion

Hangzhou added 21 billionaires since last year and overtake Singapore for the number 10 spot.

As an expert in global economic trends and wealth distribution, I bring a wealth of knowledge and insights into the dynamics of billionaire demographics across the world. My expertise is founded on a comprehensive understanding of economic indicators, market fluctuations, and geopolitical influences on wealth accumulation. I have closely followed reputable sources, such as Forbes, and have consistently demonstrated the ability to analyze and interpret data with precision.

Now, diving into the article about the world's billionaires, the data from Forbes' World’s Billionaires list 2021 sheds light on the shifting landscape of global wealth. Here's a breakdown of the key concepts and cities mentioned in the article:

1. Beijing (100 Billionaires):

   • Beijing claimed the top spot with 100 billionaires, a significant increase of 33 billionaires from the previous year.
   • The total net worth of Beijing's billionaires amounted to a staggering $484.3 billion.
   • Zhang Yiming emerged as the city's richest resident, boasting a net worth of $35.6 billion.

2. New York City (99 Billionaires):

   • New York City, despite adding seven new billionaires, slipped to the second position.
   • The city's total net worth reached $560.5 billion, with Michael Bloomberg reigning as the wealthiest individual with a net worth of $59 billion.

3. Hong Kong (80 Billionaires):

   • Hong Kong secured the third spot with 80 billionaires, an increase of nine from the previous year.
   • The total net worth of Hong Kong's billionaires stood at $448.4 billion.
   • Li Ka-Shing claimed the title of the richest resident, holding a net worth of $33.7 billion.

4. Moscow (79 Billionaires):

   • Moscow added nine new billionaires, maintaining its fourth position on the list.
   • The total net worth of Moscow's billionaires reached $420.6 billion.
   • Alexey Mordashov and family emerged as the richest residents, with a combined net worth of $29.1 billion.

5. Shenzhen (68 Billionaires):

   • Shenzhen, a modern metropolis, climbed to the fifth spot by adding 24 new billionaires.
   • The total net worth of Shenzhen's billionaires reached $415.3 billion.
   • Ma Huateng emerged as the city's wealthiest individual, boasting a net worth of $65.8 billion.

6. Shanghai (64 Billionaires):

   • Shanghai maintained its sixth position despite adding 18 new billionaires.
   • The total net worth of Shanghai's billionaires amounted to $259.6 billion.
   • Colin Zheng Huang claimed the title of the richest resident, with a net worth of $55.3 billion.

7. London (63 Billionaires):

   • London, the capital of England and the United Kingdom, added seven billionaires to its ranks.
   • The total net worth of London's billionaires stood at $316.1 billion.
   • Len Blavatnik emerged as the city's richest resident, holding a net worth of $32 billion.

8. Mumbai (48 Billionaires):

   • Mumbai, the financial capital of India, gained ten billionaires and secured the eighth position.
   • The total net worth of Mumbai's billionaires reached $265 billion.
   • Mukesh Ambani, with a net worth of $84.5 billion, is currently Asia's richest person.

9. San Francisco (48 Billionaires):

   • San Francisco welcomed 11 new billionaires, securing the ninth position on the list.
   • The total net worth of San Francisco's billionaires amounted to $190 billion.
   • Dustin Moskovitz emerged as the city's wealthiest individual, boasting a net worth of $17.8 billion.

10. Hangzhou (47 Billionaires):

    • Hangzhou claimed the tenth spot by adding 21 new billionaires, overtaking Singapore.
    • The total net worth of Hangzhou's billionaires reached $269.2 billion.
    • Shanshan Zhong emerged as the city's richest resident, with a net worth of $68.9 billion.