Talk money and there are numerous billionaires who have their bags full with currency. These billionaires have amassed giant amounts of wealth and are scattered in different corners of the world. However, there are some cities that have more billionaires than the rest. Let us take a look at some of the cities that are raking in more billions as compared to the others.
Moscow tops the list of cities with the largest number of billionaires. This city has approximately 74 billionaires to its credit. This city has amassed a whooping wealth of $5.9 billion. The reason for Moscow being a rich city can be attributed to the recent developments that the city has been through. Some industries that have witnessed a significant breakthrough in Moscow in the recent times including oil, iron and steel.
Next in the list is New York. New York is known to be one of the richest cities in the world. In fact, the city is celebrated the world over for its luxurious living. The number of billionaires in the city stands at an astounding number of 71. Some of them are extremely popular and highly influential people such as real estate tycoon Donald Trump and media baron Robert Murdoch. The average amount of wealth held by this city is totaled at $4.1 billion. New York enjoyed the number one spot with a maximum number of billionaires for more than a decade. It was only a few years back that the city dropped to the number two position.
London is yet another city that is full of wealth. Even though it does not beat Moscow and New York in the list of highest number of billionaires, it is still considered as one of the most affluent cities in the world. The city has 36 billionaires to its credit some of which include top notch names like steel baron Lakshmi Mittal, and clothing giant Philip Green. It is estimated that the average amount of wealth possessed by the city is equivalent to $4.1 billion.
Another city that has a record number of billionaires to its credit is Hong Kong. China is a fast developing nation and the record number of billionaires in this city is only proof to this fact. 30 billionaires are known to be residing in this city. The city has established itself as a proper commercial center. Amidst various other cities in Asia, Hong Kong has the highest number of billionaires.
There are several other cities that have a large number of billionaires to their credit. Some of these include Istanbul, San Fransisco, Mumbai, Los Angeles, Tokyo amidst several others.
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