Top Billionaire Cities: New York Reclaims #1 💸
What we’re showing:
A bar chart ranking the top 20 cities with the most number of billionaires in 2024, according to the annual Hurun Global Rich List.
Key Takeaway
The Chinese economy’s doldrums in the past year has affected its billionaire residents in key cities.
Beijing, the city with the most billionaires in 2023, has not only ceded its spot to New York, but has dropped to #4, overtaken by London and Mumbai.
In fact all Chinese cities on the top 20 list have lost billionaires between 2023–24.
At a country level, 🇨🇳 China (814), 🇺🇸 the U.S. (800), and 🇮🇳 India (271) are together home to nearly 60% of all the world's billionaires and half the cities in the top 20.
In other news of note: Hurun officially counts Taylor Swift as a billionaire, estimating her net worth at $1.2 billion.