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Beijing is ‘Billionaire Capital of the World’

Discussion in 'World Affairs' started by beijingwalker, Mar 11, 2018.

  1. beijingwalker

    beijingwalker ELITE MEMBER

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    Beijing is ‘Billionaire Capital of the World’
    ByAriel R. Shapiro
    March 1, 2018 4:20 p.m. ET
    [​IMG]
    The number of billionaires around the world is rising rapidly, according to the Hurun Report’s 2018 Rich List, with China leading the pack.

    As of Jan. 31, there are 2,694 billionaires in 68 countries, an additional 437 billionaires since last year, which amounts to an annual increase of 19.4%.

    At 819 billionaires, China not only has the most by far, it is also gaining new ones at the fastest rate, having welcomed 210 new billionaires in the last year. Additionally, Beijing gained Hurun’s title of “Billionaire Capital of the World,” as the home of 131 billionaires.

    The United States has the second-highest number of billionaires at 571, but the country only added 19 new billionaires in the last year.

    In terms of national ranking, India comes in a distant third with 131 billionaires, accounting for an increase of 31 billionaires in the last year. It moved up a spot, from fourth place in 2017. Mumbai took the eighth spot in the city ranking, with 55 billionaires.

    Although nearly all countries ranking in the top 27 saw an increase in billionaires over the past year, there are a few exceptions. Austria, with 12 billionaires, saw no change. South Korea, home to 33 billionaires, decreased by one. The Philippines went down to 12 billionaires from 14.

    While Beijing holds the top spot amongst cities, it is not the only Chinese metropolis home to billionaires. Hong Kong and Shenzhen come in third and fourth, respectively. Shanghai is tied with London for fifth place.


    New York, the only American city in the top 10, has 92 billionaires.

    San Francisco was tied with Tokyo and Singapore for the 13th spot, each being home to 31 billionaires. Los Angeles is ranked 21st, with 24 billionaires.

    The United States still dominates Hurun’s list of the world’s top-10 wealthiest individuals. Seven of the 10 richest people in the world are American.

    Jeff Bezos, 54, founder and CEO of Amazon, leads the pack with a net worth of US$123 billion. Bezos saw a 71% increase in wealth in a year-over-year comparison.

    Warren Buffett, 87, chairman and CEO of Berkshire Hathaway, maintained his second-place spot with a net worth of $102 billion, a 31% year-over-year increase.

    Bill Gates, 62, came in third, despite holding the top spot last year. His net worth stands at $90 billion, an 11% increase since last year.

    https://www.barrons.com/articles/beijing-is-billionaire-capital-of-the-world-1519939245
     
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  2. beijingwalker

    beijingwalker ELITE MEMBER

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    My city :china: had been the world richest and biggest city for hundreds of years in the human history, will certainly return and reclaim the top spot soon enough.
     
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  3. Manidabest

    Manidabest SENIOR MEMBER

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    i personally believe that more billionaires means the country is controlled by few individuals which is really a bad thing ...
     
  4. beijingwalker

    beijingwalker ELITE MEMBER

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    i personally believe that 20 years ago there were no billionares, even millionares in China, that was a bad thing.
     
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  5. Manidabest

    Manidabest SENIOR MEMBER

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    i respect your views but i will stick to mine ... :)
     
  6. Mista

    Mista SENIOR MEMBER

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    Do you think Beijing's population will surpass Tokyo's 30m people?
     
  7. beijingwalker

    beijingwalker ELITE MEMBER

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    I hope not, Beijing is an ancient city of over 3000 years, that would kill Beijing. Tokyo is a city of no history can not be compared with Beijing. Beijing is one of the greatest cities in the whole human history.
    [​IMG]
     
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  8. Mista

    Mista SENIOR MEMBER

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    Beijing wouldn't have the claim to the title of the largest city then.
     
  9. beijingwalker

    beijingwalker ELITE MEMBER

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    Ok, been there , done that.