New York city has most Billionaires concentration

New York City

Contrary to the current notion that Beijing has the highest concentration of billionaires, widely circulated report from Chinese research firm Hurun last week calling Beijing “The New Billionaire Capital of the World,” the city is just fourth in line. This year the Chinese capital surpassed London, home to 47 billionaires.

The title goes to New York with Seventy-nine billionaires , holding a combined $364.6 billion in wealth. These include two of the world’s 10 richest people: industrialist David Koch and media titan Michael Bloomberg.

Lagos Nigeria is far below the list with the likes of Aliko Dangote and Mike Adenuga as the popular residents.

Here is the full list of the top 10 cities home to the most billionaires:
1. New York
Billionaires: 79
Combined net worth: $364.6 billion
2. Hong Kong
Billionaires: 68
Combined net worth: $261.3 billion
3. Moscow
Billionaires: 60
Combined net worth: $217.6 billion
4. Beijing
Billionaires: 51
Combined net worth: $149.9 billion
5. London
Billionaires: 47
Combined net worth: $186.2 billion
6. Mumbai
Billionaires: 32
Combined net worth: $115.1 billion
7. Shanghai
Billionaires: 31
Combined net worth: $66.1 billion
8. Shenzhen
Billionaires: 30
Combined net worth: $78 billion
9. Seoul
Billionaires: 29
Combined net worth: $72.8 billion
10. San Francisco
Billionaires: 28
Net worth: $74.5 billion