More of the World’s Billionaires claim residence in 10 metropolises than anywhere else around the globe, according to the latest Forbes report.
Moscow has held onto its title as the billionaire capital of the world. This is the fourth time in the past five years that Russia’s capital stays ahead of New York on top of our list of billionaire haunts – those cities that are the primary homes to the most billionaires. Eighty-four of the world’s richest, worth a total of over $366 billion, call Russia’s most populous city home. New York City continues to rank second, with 62 billionaires worth $280 billion. London and Hong Kong tie for third place, with 43 billionaires each.
This year, only two American cities make the top: New York and Dallas, home to 18 billionaires and tied in the last position with Paris.
Hong Kong retains its title as the most popular city among billionaires in Asia, with 43 billionaires. Beijing knocked out San Francisco and is back to the top 10 most popular residences for billionaires. China’s capital is home to 21 billionaires, 6 more than last year. Mumbai and Seoul are other Asian cities included in the top 10.
The 37 billionaires living in Istanbul, where Europe and Asia collide, are the poorest among those in the top 10 billionaire cities. Istanbul’s 37 billionaires are up from 30 billionaires last year with total worth of $65,400,000. Total number of billionaires in Turkey is 43 according to the report.
The average billionaire in the only city sitting across two continents is worth $1.7 billion, two times less than the average fortune of a billionaire living in London, for instance.
France’s capital is the place with the highest average net worth among billionaires. The average billionaire living in Paris is worth $6.81 billion, an astonishing $2.2 billion more than the average billionaire in any other city in the world.