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10 cities of billionaires in the world

You will be surprised to know that 1/4 of the total 26,668 billionaires in the world live in the mentioned 10 cities. New York City is home to 107 of the 26,668 billionaires on the 2023 Forbes list.

10 cities of billionaires in the world

You will be surprised to know that 1/4 of the total 26,668 billionaires in the world live in the mentioned 10 cities. New York City is home to 107 of the 26,668 billionaires on the 2023 Forbes list. The people who live in the city play a major role in making a city important. And if it’s financial, it’s only natural that it’s in the headlines. There is a kind of competition among the cities of the world where famous stars, politicians or business billionaires live. Today’s post is about the top 10 cities in the world with the highest number of billionaires in 2023, their wealth, and who is the top billionaire resident.

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Number 1 New York

Number of billionaires 107 peoples.
Total assets $640.4 billion.
Richest Resident Name Michael Bloomberg.
Net worth $82 billion.

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New York City has reclaimed its lost glory in 2023 in the run-up to the competition. The number of billionaires in the city has increased by 8 people in the last 1 year. Most of these billionaires are associated with financial institutions. Thrive Capital founder Josh Kushner and Veritas Capital CEO Ramji Musallam are New York City residents. Among the newly added billionaires are New York City-based Devin Finzer and Alex Atalah, co-founders of blockchain startup OpenC. Media personality Michael Bloomberg has become the richest resident of New York City in 2023. Bloomberg owns 13 percent of his total assets in New York.

Number 2 Beijing

Total number of billionaires 83 peoples.
Net worth $310 billion.
Richest resident:  Zhang Yiming.
Net worth $50 billion.

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The growing pressure of government investigations is now poison for Chinese billionaires. From 2021 to the present time, Beijing’s total wealth has decreased by about 174.3 billion dollars. RLX Technology founder Kate Wang and DD Global CEO Wei Cheng both weighed in on the impact of shrinking bank balances in the Chinese capital. Currently, the title of the richest person in Beijing is taken by Zhang Yiming, the founder of ByteDance, owned by TikTok. According to Forbes, his wealth has increased by $14.4 billion since 2022.

Number 3 Hong Kong

Number of billionaires 68 peoples.
Net worth $304 billion.
Richest resident Li Shau Ki.
Net worth $32.6 billion.

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The number of billionaires has also decreased in Hong Kong this year. According to experts, the domestic market is in turmoil and the conditions for the strictest Covid-19 protocols. Casino billionaires Ina Chan, Lawrence Ho and hotel magnate Zhao Tongtong have all been knocked off the list of super-rich billionaires by the almost-stalled tourism industry. Two others who were left off the list were Lee Man Tat and Shing-bor Tang. Currently, Li Shau Ki is among the richest residents in Hong Kong.

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Number 4 London

Total number of billionaires 66 peoples.
Net worth $324.1 billion.
Richest resident Len Blavantick.
Net worth $32.5 billion.

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The city of London, brought to a standstill by the long lockdown due to Covid-19, is ranked number four. However, in 2023, the city of London welcomed six more billionaires. Among them, the first person to make it to the Forbes list is Bulgarian and the second person is Estonian. And their residence is currently in the city of London. Among the newcomers are Dennis Severdlo, founder of electronic car maker Arrival, and Vlad Yatsenko, chief technology officer of digital banking giant Revolut.

Number 5 Shanghai

The total number of billionaires 61 peoples.
Net worth $187 billion.
Richest resident Liu Yongjing.
Net worth $13.2 billion.

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Compared to other Chinese cities, Shanghai’s situation is much better. The number of super-rich residents in the city will drop from 64 to 61 in 2023. Chinese media giant Bilibili’s CEO Xu Yi and Chen Rui and communications platform Agora’s CEO Tony Zhao have dropped from the list of billionaires in the past year. And in 2023 Liu Yongjing, chairman of agricultural and chemical firm East Hope Group, took over as the city’s top billionaire, doubling his wealth.

Number 6 Shenzhen

The total number of billionaires 59 peoples.
Total assets 286.6 billion.
Richest resident Ma Huateng.
Net worth $37.2 billion.

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In the last one year, the number of billionaires in the city of Shenzhen, known as China’s ‘Silicon Valley’, has decreased by 9 people. As a result, the city of Shenzhen has come down to number 6 on the Forbes list in 2023. Smurf International lost an estimated 64 percent of its shares to the government seizure. For which 3 investors of the company have been dropped from the list of billionaires. Not only this, the tycoon Ma Huateng, currently the richest resident of Shenzhen, also lost more than 28 billion in wealth in 1 year.

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Number 7 Moscow

The total number of billionaires 53 peoples.
Net worth $214.9 billion.
Richest resident Vladimir Lysin.
Net worth $18.4 billion.

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Since 2022, Moscow has had to bear the tragic consequences of Russian aggression in Ukraine. The Russian capital lost the most billionaires in 2023. All but 2 of the city’s billionaires lost significant amounts of wealth. Vladimir Lisin, chairman of steel producer NLMK, lost nearly $8 billion of his personal fortune. Along with this, 26 more Russian citizens have been dropped from the list of billionaires.

Number 8 Mumbai

Total number of billionaires 51 peoples.
Net worth $301.3 billion.
Richest resident Mukesh Ambani.
Net worth $90.7 billion.

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The Indian city of Mumbai has risen to number eight on the Forbes list by adding more than 3 billionaires in 2023 compared to 2022. However, by 2023, the number of billionaires in the city has decreased by 3 people. Among the newly minted billionaires is Falguni Nair, India’s first self-made woman. Currently, Falguni, the owner of India’s beauty-fashion brand Nyaka, has a net worth of $4.5 billion. However, Mukesh Ambani owns 30 percent of Mumbai’s billionaire assets.

Number 9 San Francisco

Total number of billionaires 44 peoples.
Net worth $160.8 billion.
Richest residents Brian Chesky and Dustin Moskowitz.
Net worth $11.5 billion.

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San Francisco, which was ranked number 8 in 2022, dropped one step to the current number 9. However, the city at number 9 welcomed ultra-rich entrepreneurs in 2023. Among them are Max Litvin, co-founder of Grammarly, and Henrik Dubugras and Pedro Franceschi, co-founders of startup company Brax.

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Number 10 Seoul

Total number of billionaires:  38 peoples.
Net worth $108.3 billion.
Richest residents Kim Beom-soo and Jae Y. Lee.
Net worth $9.1 billion.

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After 2019, the South Korean city of Seoul occupied the top 10 place again. In 2023, Seoul’s new 3 billionaire residents are all self-made billionaires. Jay Lee, the vice chairman of Samsung Electronics, is jointly with Kim Beom-soo, the founder of South Korea’s largest messaging app ‘Kako’. The wealth of the two people is 9.1 billion dollars.

Special Note: All information mentioned above is collected from Forbes.

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