According to Forbes, the countries with the most billionaires are the United States, China and Germany. But which cities do these richest of the rich call home? Here are the Top 20 billionaire burgs in the world.
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20. Guangzhou, China
Guangzhou, like Delhi in India, is home to 17 billionaires but they have a greater combined net worth: $56.3 billion. Most of them made their fortune in real estate, but the richest Cantonese is Netease boss William Ding, whose $17.3 billion comes from gaming.
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19. Bangkok, Thailand
The Thai capital has 18 billionaires who made their combined $60.7 billion in a variety of industries. The richest person in Bangkok is Thai Beverage’s Charoen Sirivadhanabhakdi, worth $15.8 billion.
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18. Paris, France
Like Bangkok, Paris has 18 billionaires, among them the world’s richest woman, L’Oréal heiress Liliane Bettencourt. The richest Parisian is LMVH’s Bernard Arnault, worth $41.5 billion, and predictably many of the city’s billionaires made their combined $155.4 billion in fashion, cosmetics and retail.
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17. Los Angeles, California
Of the 21 billionaires in Los Angeles, Tesla’s Elon Musk is the richest, with $13.9 billion to his name. The city’s wealthiest made their combined $74.5 billion in industries as diverse as healthcare, entertainment and hotels.
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16. Sao Paulo, Brazil
As Brazil’s financial capital, it’s no surprise that several of Sao Paulo’s 22 billionaires, with a combined net worth of $82.3 billion, made their money in banking. With $20.4 billion to his name, Joseph Safra is not only the richest banker in Sao Paulo but also in the world.
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15. Istanbul, Turkey
Fashion and food are just some of the diverse industries that contributed to the $39.3 billion combined net worth of Istanbul’s 23 billionaires. The richest person in the city, and in Turkey, is Murat Ulker, whose $3.7 billion comes mainly from food brands such as Godiva chocolates.
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14. Taipei, Taiwan
Real estate, finance and electronics are responsible for the bulk of the combined $57.1 billion net worth of Taipei’s 23 billionaires. The richest person in the Taiwanese capital is Terry Gou, whose $7.5 billion comes from Hon Hai Precision, the largest electronics contract manufacturer in the world.
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13. Tokyo, Japan
Tokyo is one of three cities with 23 billionaires. The Japanese capital’s billionaires are worth a combined $81.4 billion coming from sources as diverse as retail, real estate and diapers. The richest Tokyoite, and the richest person in Japan, is Softbank CEO Masayoshi Son.
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12. Hangzhou, China
Hangzhou is home to 24 billionaires with a combined worth of $86.6 billion. Their fortunes come from a variety of industries but Alibaba, the Chinese Amazon, is the source of wealth for three of Hangzhou’s billionaires, including founder Jack Ma, who is worth $28.3 billion.
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Most of Singapore’s 25 billionaires made their combined $67.8 billion in real estate. The richest Singaporeans, with a combined net worth of $8.7 billion, are brothers Robert and Philip Ng, who inherited their wealth and the family’s real estate empire from their father, Ng Teng Fong.
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10. San Francisco, California
Its proximity to Silicon Valley means that several of San Francisco’s 32 billionaires, who have a combined net worth of $86.6 billion, made their money with the tech companies such as Uber, Twitter, Pinterest and Airbnb. The richest person in the city is Facebook’s Dustin Moskovitz, who is worth $10.7 billion.
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9. Shenzhen, China
Located just north of Hong Kong, Shenzhen is one of China’s wealthiest cities and known for its high-tech industries. There are 35 billionaires with a combined fortune of $129.4 billion living here. The wealthiest Shenzhener is Tencent’s Ma Huateng, who is worth $24.9 billion.
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8. Seoul, South Korea
Seoul is home to 37 billionaires, worth a combined $91.4 billion. The richest person in the city is Samsung’s Lee Kun-Hee, who has $15.1 billion to his name.
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7. Shanghai, China
The world’s most populous city proper has 40 billionaires, who have a combined fortune of $91.9 billion. The richest Shanghainese is Liu Yongxing, whose $6.6 billion comes from agribusiness, chemicals and non-ferrous metals.
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6. Mumbai, India
Mumbai is home to 41 billionaires who are worth a combined $149.1 billion. India’s richest person, oil and gas tycoon Mukesh Ambani, lives in Mumbai and is worth $23.2 billion.
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5. London, United Kingdom
There are 50 billionaires living in London and they are worth a combined $217.3 billion. The richest British citizens in London are the Hinduja family, worth $15.4 billion. The richest person living in London, however, is Warner Music boss Len Blavatnik, who hails from the former Soviet Union and is a US citizen.
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4. Beijing, China
The Chinese capital is home to 54 billionaires, worth a combined $161.3 billion. The richest person in Beijing and in Asia is Wang Jianlin, who made his $31.3 billion in real estate.
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3. Moscow, Russia
The former spiritual home of Communism is now home to 73 billionaires, most of whom have made their combined $297 billion in industries such as oil, gas, steel and coal. Leonid Mikhelson is the richest of these, with $18.4 billion coming largely from gas and petrochemicals.
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2. Hong Kong
In Hong Kong, real estate is the main source of the fortunes of the city’s 75 billionaires, who are worth a combined $297.8 billion. The richest Hong Konger is Li Ka-shing, whose $31.2 billion comes from a variety of industries.
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1. New York, New York
New York has 82 billionaires with a combined net worth of $397.9 billion. Currently the richest New Yorker is David Koch, who is worth $48.3 billion. His nearest competitor, with $47.5 billion, is former New York Mayor Michael Bloomberg, who often tops the list of richest people in the city.