You may be wondering where the richest people in the world live, well, they live among us, however, some cities have more billionaires than others. The top 10 cities with the most billionaires in the world have a combined wealth worth of $2.837 trillion.
Although New York is home to107 billionaires, however, Asian cities are not far behind with cities such as Beijing, and Hong Kong coming a distant second and third with 83 and 68 billionaires respectively. The biggest drop on the list is Moscow which lost its position due to several sanctions imposed on the country amidst Russia’s invasion of Ukraine.
Top 10 Cities with the Most Billionaires in the World 2024
According to Forbes, below is the list of the top 10 cities with the most billionaires in the world from the least to the most.
10. Seoul (South Korea) – 38 Billionaires
Total Net Worth: $108.3 Billion
Richest Residents: Kim Beom-su and Jay Y. Lee ($9.1 billion)
Seoul is the capital city and the largest metropolis in South Korea. The city is also home to some of the world’s billionaires and is ranked 10 cities with the most billionaires in the world. Seoul richest billionaires are Kim Beom-su, the founder of Kako, South Korea’s biggest messaging app, and Jay Y. Lee, the vice-chairman of Samsung Electronics, who are worth an estimated $9.1 billion each.
9. San Francisco (United States) – 44 Billionaires
Total Net Worth: $160.8 Billion
Richest Residents: Brian Chesky and Dustin Moskovitz ($11.5 billion)
Ranking number nine of the cities with the most billionaires in the world is San Franciso with 44 billionaires. The city is the cultural, commercial, and financial hub in the state of California. San Franciso has over 4.7 million residents with its richest resident being Brian Chesky and Dustin Moskovitz with a net worth of $11.5 billion each.
8. Mumbai (India) – 51 Billionaires
Total Net Worth: $301.3 Billion
Richest Resident: Mukesh Ambani ($90.7 billion)
The Indian city of Mumbai sits at number eight on the list of cities with the most billionaires in the world. Mumbai is the eighth-most populous city in the world with a population of roughly 20 million. The city has over 51 billionaires making it a home to some of the world’s billionaires. The richest resident in the city of Mumbai is Mukesh Ambani with a net worth of $90.7 billion.
7. Moscow (Russia) – 53 Billionaires
Total Net Worth: $214.9 Billion
Richest Resident: Vladimir Lisin ($90.7 billion)
Although Moscow has lost more billionaires than most cities on the list amid the fallout from Russia’s invasion of Ukraine, the country is still home to some of the world’s richest men. Located in Central Russia, Moscow is home to 12.4 million residents and is the world’s largest city. Moscow’s richest resident is Vladimir Lisin with a net worth of $90.7 billion.
6. Shenzhen (China) – 59 Billionaires
Total Net Worth: $286.6 Billion
Richest Resident: Ma Huateng ($37.2 billion)
Shenzhen is a major sub-provincial city and one of the special economic zones of China. The city is home to over 17.56 million and is the third-most populous city in China. The city is described as the hub for self-made billionaires, China’s Silicon Valley” as it is a global centre in technology, research, manufacturing, business and economics, finance, tourism and transportation. Shenzhen’s richest resident is Ma Huateng with a net worth of $37.2 billion.
5. Shanghai (China) – 61 Billionaires
Total Net Worth: $187 Billion
Richest Resident: Liu Youngxing ($13.2 billion)
Shanghai is one of the four direct-administered municipalities of China. The city is also home to some of the world’s richest men. With a population of $24.87 million, Shanghai is the most populous urban area in China and the most populous city in the world. Shanghai’s richest resident is Liu Yongxing, the chairman of the agriculture and chemicals firm East Hope Group with a net worth of $13.2 billion.
4. London (England, UK) – 66 Billionaires
Total Net Worth: $324.1 Billion
Richest Resident: Len Blavatnik ($32.5 billion)
Sitting at number four on our list of cities with the most billionaire residents in the world is London with a combined net worth of $324.1 billion. London is the capital and largest city of England and the United Kingdom. The city is home to 9.8 million residents. London’s richest resident is Len Blavatnik with a net worth of $32.5 billion.
3. Hong Kong (Singapore) – 68 Billionaires
Total Net Worth: $304.6 Billion
Richest Resident: Lee Shau Kee ($32.6 billion)
Among the top three cities with the most billionaire residents in the world is Hong Kong. The city is one of the most densely populated cities in the world. Hong Kong is also one of the three global financial centers and one of the most developed cities in the world. The city has over 7.5 million residents. Hong Kong’s richest resident is Lee Shau Kee with a net worth of $32.6 billion.
2. Beijing (China) – 83 Billionaires
Total Net Worth: $310 Billion
Richest Resident: Zhang Yiming ($50 billion)
Beijing is the second city with the most billionaires in the world with a combined net worth of $310 billion. The city is the capital of the People’s Republic of China and the world’s most populous city. Beijing is home to over 21 million residents. Beijing’s richest resident is Zhang Yiming, the founder of TikTok owner ByteDance with a net worth of $50 billion.
1. New York (United States) – 107 Billionaires
Total Net Worth: $640.4 Billion
Richest Resident: Michael Bloomberg ($82 billion)
New York is the city with the most billionaires in the world with a combined net worth of $640.4 billion. The city is the most populous city in the United States with over 23.5 million residents. New York City has been described as the cultural, financial, and media capital of the world. New York’s richest resident is Michael Bloomberg with a net worth of $82 billion.
