It is considered a fashion, shopping, and nightlife capital, so it may come as no surprise that New York has the most billionaires of any city in the world.
The Big Apple took the number one spot in the Top 10 Billionaire Cities census with 103 billionaires, followed by Hong Kong and San Francisco.
San Francisco rose two ranks in this year’s study, done by the firm Wealth-X, and overtook both Moscow and London in the 2018 report.
The Big Apple took the number one spot in the Top 10 Billionaire Cities census in 2018
New York was revealed to have 103 billionaires, followed by Hong Kong and San Francisco
San Francisco rose two ranks in this year’s study, done by the firm Wealth-X, and overtook both Moscow and London in the 2018 report
Singapore, Dubai, Mumbai, and Shenzhen rounded out the top 10 billionaire list.
New York billionaires include David Koch, who is worth $60billion, and Michael Bloomberg, whose net worth is estimated to be around $50billion.
Fourteen additional San Francisco residents managed to obtain billionaire status in the last year, according to the San Francisco Chronicle.
They account for nearly a quarter of the US billionaire population’s annual growth, the billionaire census report revealed.
San Francisco, which has its own billionaires’ lane in the Pacific Heights neighborhood (Pictured), has had the strongest billionaire growth than any US city recently
San Francisco’s Metropolitan Area includes the San Francisco, Alameda, Marin, Contra Coasta, and San Mateo counties.
Its billionaire residents include Oracle co-founder Larry Ellison (worth $57.4billion), early Facebook co-founder Dustin Moskovits ($14.6billion), and former Google CEO Eric Schmidt ($13.8billion).
The area does not include Santa Clara County, where a number of Silicon Valley tech founders – including Google founder Larry Page – live in Palo Alto.
San Francisco, which has its own billionaires’ lane in the Pacific Heights neighborhood, has had the strongest billionaire growth than any US city recently.
Its billionaire residents include Oracle co-founder Larry Ellison, who is worth $57.4billion
Early Facebook co-founder Dustin Moskovits (left), and former Google CEO Eric Schmidt (right) also live in San Francisco
New York continues to have more billionaires than every country in the world except for China, Germany, and India.
And the US – which has 680 billionaire residents – has more than the three countries combined.
The world now has 2,754 billionaires total, with 103 in New York, 93 in Hong Kong, and 74 in San Francisco alone.
And the study found that the number of female billionaires rose by 18 percent in just 2017 and outpaced the 14.5 percent growth in of male billionaires in the world.