Beijing has officially overtaken New York City as home to the most billionaires.

According to Hurun, a Shanghai firm that releases yearly rankings and research about the world’s richest people, the Chinese capital has an even 100 billionaires in 2016, while the Big Apple has 95.

“Beijing took the title from New York after minting 32 new billionaires last year, while New York gained four,” Gerry Shih of the Associated Press reports. “Rupert Hoogewerf, the founder of Hurun, attributed China’s explosive wealth creation to Chinese market regulators allowing a flood of new initial public offerings after holding back new IPOs for several years.”

(Source – Business Insider)


20. New Delhi, India

Number of billionaires in 2015: 17

Number of billionaires in 2016: 20

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19. Los Angeles, California

Number of billionaires in 2015: 22

Number of billionaires in 2016: 21

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17. Bangkok, Thailand (TIE)

Number of billionaires in 2015: 27

Number of billionaires in 2016: 24

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17. Sao Paulo, Brazil (TIE)

Number of billionaires in 2015: 30

Number of billionaires in 2016: 24

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16. Tokyo, Japan

Number of billionaires in 2015: 28

Number of billionaires in 2016: 26

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14. Seoul, South Korea (TIE)

Number of billionaires in 2015: 28

Number of billionaires in 2016: 27

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14. Singapore

Number of billionaires in 2015: 22

Number of billionaires in 2016: 27

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11. Istanbul, Turkey

Number of billionaires in 2015: 29

Number of billionaires in 2016: 28

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11. San Francisco, California

Number of billionaires in 2015: 26

Number of billionaires in 2016: 28

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11. Taipei, Taiwan

Number of billionaires in 2015: 33

Number of billionaires in 2016: 23

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10. Paris, France

Number of billionaires in 2015: 30

Number of billionaires in 2016: 30

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9. Hangzhou, China

Number of billionaires: 22

Change in number of billionaires from 2015: 32

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7. Mumbai, India (TIE)

Number of billionaires in 2015: 40

Number of billionaires in 2016: 45

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7. Shenzhen, China (TIE)

Number of billionaires: 34

Change in number of billionaires from 2015: 46

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5. London, England

Number of billionaires in 2015: 49

Number of billionaires in 2016: 50

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5. Shanghai, China (TIE)

Number of billionaires in 2015: 30

Number of billionaires in 2016: 50

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4. Hong Kong, China

Number of billionaires in 2015: 71

Number of billionaires in 2016: 64

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3. Moscow, Russia

Number of billionaires in 2015: 73

Number of billionaires in 2016: 66

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2. New York, New York

Number of billionaires in 2015: 91

Number of billionaires in 2016: 95

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1. Beijing, China

Number of billionaires in 2015: 68

Number of billionaires in 2016: 100

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