New York City which is home to most billionaires in the world
Business magazine, Forbes has released a list highlighting the cities which make up the most billionaires in the world for 2024.
While records show that there are currently some 2,781 billionaires scattered across the world in 2024, only a handful of them live in prime and elite cities.
According to a Forbes report issued on April 26, 2024, nearly a quarter of billionaires, worth a combined $3 trillion, live in one of ten cities in only six countries, per its latest ranking of World’s Billionaires list.
Leading the pack is New York City which is home to most billionaires in the world. Collectively, the city is worth $694 billion. 62 of these billionaires work or have businesses in Wall Street and other finance and investment firms.
However, 14 of them are into real estate while dozens ply their trade in fashion and retail business.
In second place with a tie is Hong Kong and Moscow who boast of 74 billionaires each while Mumbai also made a big jump from seventh to fourth after adding 13 more billionaires since 2023, according to Forbes.
See the full list below compiled by Forbes:
1. New York City
Total billionaires: 110
Since last year: +9
Total net worth: $694 billion
Richest resident: Michael Bloomberg ($106 billion)
2. (tie) Moscow
Total billionaires: 74
Since last year: +12
Total net worth: $378 billion
Richest resident: Vagit Alekperov ($28.6 billion)
2. (tie) Hong Kong
Total billionaires: 74
Since last year: +4
Total net worth: $326 billion
Richest resident: Li Ka-shing ($37.3 billion)
4. Mumbai
Total billionaires: 69
Since last year: +13
Total net worth: $379 billion
Richest resident: Mukesh Ambani ($116 billion)
5. Beijing
Total billionaires: 63
Since last year: flat
Total net worth: $211 billion
Richest resident: Zhang Yiming ($43.4 billion)
6. London
Total billionaires: 62
Since last year: -1
Total net worth: $326 billion
Richest resident: Len Blavatnik ($32.1 billion)
7. Shanghai
Total billionaires: 54
Since last year: -11
Total net worth: $167 billion
Richest resident: Colin Huang ($38.9 billion)
8. Los Angeles
Total billionaires: 53
Since last year: +19
Total net worth: $222 billion
Richest resident: John Tu ($13.6 billion)
9. Singapore
Total billionaires: 52
Since last year: +6
Total net worth: $156 billion
Richest resident: Eduardo Saverin ($28 billion)
10. San Francisco
Total billionaires: 50
Since last year: +13
Total net worth: $185 billion
Richest resident: Dustin Moskovitz ($18.3 billion)
With additional files from Forbes
MA/NOQ
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