When it comes to the cities that have the most billionaires, the list is always evolving. We may think of New York City as the home to the world’s wealthiest, but other cities are also making their mark. In 2023, the top 10 cities with the most billionaires are New York City, Beijing, Hong Kong, London, Shanghai, Shenzhen, Moscow, Mumbai, San Francisco and Seoul.
Cities with the most billionaires in 2023
1. New York City, USA: 107 billionaires
New York City tops the list with the most billionaires in the world, with 107 billionaires and a total net worth of $640 billion. Home to Wall Street, the city is well-known for its financial sector. It is also home to some of the world’s most iconic landmarks and well-known companies like the New York Stock Exchange, the Museum of Modern Art, and the headquarters of many international media companies.
2. Beijing, China: 83 billionaires
Beijing is second on the list of the cities with most billionaires, with 83 billionaires and a total net worth of $310 billion. This city is China’s political and economic center, and it is home to some of the country’s largest companies, including China Mobile and Lenovo. Beijing is also a major hub for tech and innovation, and it is a popular destination for international business.
3. Hong Kong: 68 billionaires
Hong Kong is third on the list of cities with the most billionaires, with 70 billionaires and a total net worth of $305 billion. This city has long been a hub for international business, and it has become even more attractive to global investors in recent years. Hong Kong is home to some of the world’s most innovative companies and has a vibrant economy.
4. London, UK : 66 billionaires
London is fourth on the list, with 66 billionaires and a total net worth of $324 billion. London is a global financial and cultural center, and it is home to some of the world’s most powerful companies, including the London Stock Exchange. The city is also a leader in the tech industry, with many innovative startups and tech companies based there.
5. Shanghai, China: 61 billionaires
Shanghai is fifth on the list, with 61 billionaires and a total net worth of $187 billion. This city is China’s financial center and is home to some of the world’s largest banks, including the Bank of China. The city is also a major center for tech and innovation, with many tech startups and venture capital firms based there.
6. Shenzhen, China: 59 billionaires
Shenzhen is fourth on the list, with 59 billionaires and a total net worth of $287 billion. This city in southeastern China is home to some of the world’s largest tech companies, including Huawei, Tencent, and ZTE. Shenzhen is also a major hub for venture capital and startup funding.
7. Moscow, Russia: 53 billionaires
3. Moscow Moscow is third on the list, with 53 billionaires and a total net worth of $215 billion. Russia’s capital is home to some of the world’s largest and wealthiest companies, including Gazprom and Lukoil. Moscow is a major player in the global economy and is a popular destination for international investors.
8. Mumbai, India: 51 billionaires
Mumbai is the only Indian city on the list of most billionaires, and boasts of 51 billionaires. These billionaires have a total net worth of $301 billion. Mumbai is India’s financial center, and has a population of more than 20 million. The city is home to India’s second richest man, Mukesh Ambani, who resides in his 60-floor residence named Antilla.
9. San Francisco, USA: 44 billionaires
San Francisco is ninth on the list, with 44billionaires and a total net worth of $161 billion. This city is home to some of the world’s largest tech companies, including Apple, Google, and Facebook. San Francisco is also a major destination for venture capital and startup funding.
10. Seoul, South Korea: 38 billionaires
Seoul is the final city on the list of most billionaires. Seoul boasts of 38 billionaires who are collectively worth $108 billion.