Where The Richest Live: The Cities With The Most Billionaires 2022 ForbesBillionaires
ew York City has taken back its crown. With 107 billionaire residents, worth over $640 billion, The Big Apple is home to more three-comma club members than any other city on the planet. A fresh infusion of wealth–and trouble in Asia’s markets over the past year–helped end the short-lived reign of Beijing, which usurped New York as the top billionaire city for the first time in six years in 2021.
As New York thrived, Beijing and other Chinese cities floundered amid regulatory crackdowns by China’s government on industries ranging from ecommerce to after-school tutoring. Only Shanghai moved up a place in the rankings, to No. 5. Beijing fell to No. 2, Shenzhen fell to No. 6 and Hangzhou fell out of the top 10 from the No. 10 spot in 2021. The Chinese cities on this year’s top 10 list have lost a total of 29 billionaires and some $375.6 billion in wealth since last year.
No city experienced a bigger drop than Moscow, which fell from the No. 4 top billionaire city in 2021 to No. 7 this year. Tough international sanctions and shuttered markets meant 34 Russians dropped off the 2022 World’s Billionaire List; about three-quarters of them lived in Moscow. The collective fortune of the billionaires living in Russia’s capital is now $214.9 billion, down from $420.6 billion last year.
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