Beijing is now home to more billionaires than any other city in the world , according to the latest Forbes’ 2021 World’s annual rich list.
The Chinese capital added 33 billionaires last year and now hosts 100, said the business magazine.
The Chinese capital With 100 billionaires on the yearly list, Beijing narrowly beat New York with 99 entrants, which has held the top spot for the last 7 years.
The country’s quick response and containment of Covid pandemic, and the rise of its technology firms and stock markets, helped it gain the number one spot. China was the only major world economy to grow at all last year.
The richest person in Beijing was Zhang Yiming, the founder of TikTok, and the CEO ByteDance. He saw his net worth double to $35.6 billion from 2020, as the app’s popularity exploded and New York City’s richest resident, Michael Bloomberg, had a fortune worth $59bn.
Jeff Bezos, founder of Amazon, world’s richest person for the 4th consecutive year. His net worth grow by $64bn to $177bn last year.
The ten cities that are home to a quarter of the world’s billionaires are: Beijing (100); New York City (99), Hong Kong (80); Moscow (79); Shenzen (68); Shanghai (64); London (63); Mumbai and San Francisco (48); Hangzhou (47).