• Sun. Sep 24th, 2023

Exactly where Do Billionaires Reside? Prime 16 Cities for Billionaires Worldwide


Jun 3, 2023
Where Do Billionaires Live? Top 16 Cities for Billionaires Worldwide

New York is dwelling to the most billionaires in the planet. Drew Angerer/Getty

  • A third of the world’s billionaires are concentrated in just 16 cities, according to a new study. 
  • Wealth-X’s annual Billionaire Census tracks exactly where they reside, how they make their dollars, and much more.
  • Right here, the 16 cities across the globe with the most billionaires, from Istanbul to Moscow.

About 27 million Americans moved in 2022, according to census information. 

As for billionaires? They have a tendency to remain place.

Virtually a third of the world’s billionaires are concentrated in just 16 cities, according to a new evaluation of the habits and patterns of the richest men and women.

Wealth-X’s Billionaire Census discovered that 29% of the globe’s three,194 wealthiest men and women, whose collective net worth totals $11.1 trillion, reside in the identical handful of metropolises in 2022 as they did in the course of the final numerous years. 

New York City remains dwelling to the most billionaires with 136, stated the report, released Wednesday.

Other hot spots for higher-net-worth people are positioned across Asia, America, and the Middle East. Most of the prime cities are constant in their billionaire populations, gaining or losing one particular or two every single involving 2021 and 2022 — except for Singapore, which gained 4 of the world’s wealthiest more than the identical time period.

The quantity of billionaires across the globe, nonetheless, dropped three.five% in 2022 thanks to what the study authors known as “a new war in Europe, a generational surge in inflation, and deepening US-China tension.” Individuals tied to industries which includes tech, retail, power, healthcare, and transportation saw their typical wealth decline by much more than five% in 2022.

Nevertheless, the report added, “the billionaire class wields a substantial and nonetheless-developing influence more than the worldwide economy.”

So let’s take a tour of the 16 cities the most members of the world’s wealthiest population contact dwelling.

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