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TEMPO.CO, Jakarta - According to data from Worldometer, the world population currently stands at over 8 billion in November 2024. Out of that figure, there are an estimated 2,781 billionaires around the world this year, with Elon Musk holding the status of the richest person worldwide for the time being. Statista revealed that the Tesla CEO amasses a net worth of US$242.6 billion.
Over 2,000 people surely are a sizeable number, so where are exactly these hotspots for wealth some of the world’s richest persons are residing? In this article, we explore the top 10 cities with the most billionaires, according to Forbes. Scroll down to see the countdown list.
10. San Francisco, US (50 billionaires)
Securing the tenth position is San Francisco. The city is long renowned for being one of the most expensive cities in the United States (U.S.), where steep housing prices meet extortionate groceries and utilities.
Not to mention that the Californian city is also home to around 50 billionaires with a net worth valued at US$185 billion in total. Dustin Moskovitz (US$18.3 billion), the co-founder of Facebook and Asana, is the richest resident in San Francisco for now.
9. Singapore (52 billionaires)
Aside from being one of the most popular tourist destinations, Singapore has also become a prominent global hub for wealthy individuals. As of 2024, there are a total of 52 billionaires in the Lion City, including notable figures such as Eduardo Saverin (US$28 billion), Bachtiar Karim (US$1.4 billion), Burhan Karim (US$1.2 billion), and Bahari Karim ($1.2 billion).
8. Los Angeles, US (53 billionaires)
Another Californian city making it to the list is Los Angeles (L.A.). The most expensive city in California boasts unparalleled, lavish lifestyles, especially in some of its neighborhoods, notably Bel-Air, Beverly Hills, and Malibu.
The City of Angels is also reputable for its entertainment industry, in which famous celebrities like Kim Kardashian (US$1.7 billion) and Rihanna (US$1.4 billion) are living. As of 2024, there are a total of 53 billionaires in L.A.
7. Shanghai, China (54 billionaires)
Shanghai is the seventh city with the most billionaires in the world. However, the city witnessed a significant decline, dropping from 65 to 54 this year in terms of wealthy individuals it has.
The total net worth of the billionaires in Shanghai is relatively low, revealing a figure of US$167 billion. Nevertheless, Colin Huang secures the title of the richest person in the Chinese city, garnering a fortune worth US$38.9 billion.
6. London, UK (62 billionaires)
While the world recognizes London for the Royal Family and its magnificent Elizabeth Tower, the city, in fact, is home to some of the world’s richest. Forbes recorded that there are 62 billionaires, indicating a one-person decrease from that of last year, residing in the city.
5. Beijing, China (63 billionaires)
Some notable crazy rich Asians are from Beijing, including Dai Wenyuan (US$1.6 billion), the founder and CEO of 4Paradigm, and Zheng Fan (US$1.5 billion), an independent director at Li Auto. However, Zhang Yiming holds the top position of the wealthiest person in the city, with a net worth of US$43.4 billion.
4. Mumbai, India (69 billionaires)
Who would have expected that Mumbai has emerged as one of the world’s billionaire hotspots? The city is home to 69 billionaires with a combined fortune exceeding US$370 billion. Some of Asia’s wealthiest figures can be found here, like Mukesh Ambani (US$116 billion) and Shapoor Mistry (US$9.9 billion).
3. Hong Kong, China (74 billionaires)
It is a close race between Hong Kong and Moscow for the second spot. Both cities have a similar number of billionaires, with 74 people in total.
As for Hong Kong, the special administrative regions have seen a four-individual increase in its billionaires. Jean-Louis van der Velde (US$3.9 billion) and Solina Chau (US$3.1 billion) are among the crazy rich in Beijing.
2. Moscow, Russia (74 billionaires)
Russia’s capital, Moscow, boasts a significant billionaire population. Similar to Hong Kong, the total number of billionaires in Moscow is at 74, which is 12 individuals more than that of last year.
Vagit Alekperov is the richest resident in Moscow for now. His net worth is valued at US$28.6 billion.
1. New York City, U.S. (110 billionaires)
Topping the list of cities with the most billionaires in the world is New York City. This year, the city welcomes nine newcomers, bringing the total number to 110 billionaires.
New York City attracts some of the most immense wealth, namely Michael Bloomberg. The former mayor is loaded with a fortune equivalent to US$106 billion, making him the current richest person in the city.
These cities, from New York City to San Francisco, boast substantial populations of billionaires. For more similar content, check out our previous article to find out who the richest person in history is.
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