Where The Richest Live: The Cities With The Most Billionaires 2022 | Forbes

where do the world's richest people prefer to call home despite some shifts within the rankings the most popular locations are largely the same as 2021. these are the top 10 cities with the most billionaires in 10th place is seoul the south korean capital is back on the list for the first time since 2019. three of seoul's four billionaire newcomers are self-made dropping from the number eight spot san francisco is home to four fewer billionaires than last year the city actually welcomed a stable of new ultra-rich entrepreneurs but the plunging fortunes of others left the city with a net loss in eighth place is mumbai the indian metropolis held on to the number eight spot with a net gain of three billionaires compared to last year including faguni nayar who became india's richest self-made woman with an estimated net worth of 4.5 billion dollars after taking her beauty and fashion retailer nika public in november the city's richest resident reliance industries chairman mukesh ambani single-handedly makes up for more than 30 percent of the collective net worth of mumbai's billionaires taking the number seven spot is moscow moscow lost more billionaires than any other city on the list amid the fallout from russia's invasion of ukraine all but two living in russia's capital came away worse off than they were a year prior vladimir leezen the chairman of steel products manufacturer nlmk group and moscow's richest person shed about 8 billion of his personal wealth 26 others fell off the billionaire's list altogether a hub for self-made billionaires china's silicon valley fell to number six after losing nine billionaire residents over the past year three were investors in the vaping company s'more international whose shares plummeted 64 as the chinese government threatened to crack down on electronic cigarettes shenzhen's richest person also took a hit the internet media tycoon's fortune dropped by more than 28 billion dollars since 2021. shanghai lost fewer billionaires than other chinese cities but still saw its stable of super-rich residents drop from 64 to 61. bucking the trend shanghai's richest person liu yang jing the chairman of agriculture and chemicals firm east hope group more than doubled his fortune to an estimated 13.2 billion dollars london rose to number four as it relaxed long-standing pandemic restrictions though it had a net gain of three new billionaires the city actually welcomed six new three comma club members including the first bulgarian and estonian citizens ever named billionaires by forbes all of whom have their primary residences in london another city with a dramatic drop in billionaires hong kong lost a dozen amid a year of market to mult and strict covet-19 protocols the stalling tourism industry knocked casinos and hotel billionaires from the city's super-rich ranks increased government scrutiny unleashed a world of pain for the super-rich in china's capital who have shed 174.3 billion dollars from their collective net worth since 2021. a total of 17 billionaires fell below the three comma threshold a rare winner among the turmoil was zhang yaming the founder of tick tock owner bike dance and beijing's richest resident who is 14.4 billion dollars richer than last year a fresh infusion of wealth and trouble in asia's markets over the past year helped end the short-lived reign of beijing which usurped new york as the top billionaire city for the first time in six years in 2021. new york gained eight new billionaire residents over the past year more than any other city on the list most are in the finance industry including thrive capital founder josh kushner while other nyc newcomers include the first nft billionaires identified by forbes devin fisner and alex attala the co-founders of the buzzy blockchain startup open c despite the heightened competition media magnate michael bloomberg remains the richest resident accounting for some 13 percent of the city's total billionaire wealth you

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Keywords: Forbes, Forbes Media, Forbes Magazine, Forbes Digital, Business, Finance, Entrepreneurship, Technology, Investing, Personal Finance, billionaires, where do billionaires live, cities with the most billionaires, billionaire, where do rich people live, rich, richest, rich people, zip codes, most expensive zip codes, global, worldwide, international, money, wealth, wealthiest, list, ranking, rank, top 10

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Length: 3min 52sec (232 seconds)

Published: Fri Apr 22 2022