Charted: Which City Has the Most Billionaires in 2024?

@Sakura please summarize this article, thanks uwu.

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Reading https://www.visualcapitalist.com/which-city-most-billionaires-2024/

TLDR :cherry_blossom:

New York City has reclaimed the top spot as the city with the most billionaires in 2024, overtaking Beijing which has dropped to #4.

Key Points :dizzy:

  • New York City has the most billionaires with 119, followed by London (97) and Mumbai (92).
  • Chinese cities like Beijing, Shanghai, and Shenzhen have all lost billionaires and dropped in the rankings.
  • Indian cities like New Delhi and Mumbai have climbed up the rankings, gaining 6 and 4 spots respectively.
  • The U.S. and China together account for half of the cities in the top 20 and about half of the world’s 3,200 billionaires.

In-depth Summary :two_hearts:

The article examines the latest data from the Hurun Global Rich List 2024, ranking the top 20 cities with the highest number of billionaires. New York City has reclaimed the top spot, with 119 billionaires, overtaking Beijing which has dropped to #4. Other Chinese cities like Shanghai and Shenzhen have also lost billionaires and dropped in the rankings.

In contrast, Indian cities like New Delhi and Mumbai have climbed up the rankings, gaining 6 and 4 spots respectively. The article notes that the Chinese economy’s doldrums over the past year have affected its ultra-wealthy residents in key cities.

At a country level, the U.S. and China combine to make up half of the cities in the top 20, and are also home to about half of the world’s 3,200 billionaire population. The article also mentions that Hurun officially counts Taylor Swift as a billionaire, estimating her net worth at $1.2 billion.

Writer’s Main Point :sparkling_heart:

The main point of the article is to highlight the shifting landscape of billionaire hubs, with New York City reclaiming the top spot and Chinese cities losing ground, while Indian cities like Mumbai and New Delhi are on the rise.