/ 09 April 2021

Beijing billionaires take the lead

Beijing has been crowned the city with the most billionaires. It’s topped New York, which has held the top spot for the last 7 years. The Chinese capital added 33 billionaires last year and now hosts 100, just one more than the Big Apple. Among those on China’s list is Beijing’s richest resident and TikTok founder Zhang Yiming who saw his net worth double to US$35.6 billion. China’s containment of COVID-19, massive growth in online shopping, and rising stock markets have added more billionaires to the nation’s list than any other country in the world. Overall, the US is ahead in the billionaire stakes with 724 billionaires (which we assume includes new club member Kim Kardashian West…) compared to China’s 698.

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