Top Cities around the World Where Billionaires Lives

By Bismah Ahmed  |   12 Sep, 2020

Top Cities around the World Where Billionaires Lives

Do you ever wonder where the world’s billionaires live? Do they live in the secluded mountains? By the sea? Or in the hustling bustling cities? When you’ve got a few billion lying around, it's not hard to understand that most prefer the happening metropolitan cities.

The world’s billionaires are quite nicely spread around the world. In many cases, the wealth of billionaires is closely linked to the places they live in. The number-one global industry for billionaire wealth is fashion and retail, with over $1 trillion, or more than 15 percent of total billionaire wealth—topping finance, tech, and oil and natural resources. Technology is second, with $989 billion or 14 percent of the total, followed closely by finance and investment in third with $962 billion. Resources (i.e. oil, energy, metals, and mining) is fourth at $623 billion and automotive and manufacturing is fifth with $561 billion. Ultimately, the top four industries account for more than half of the world’s billionaires, and the top five account for 60 percent.

Here’s our list of the cities which hold the highest number of billionaires in attendance:

11. Paris, France - 27 Billionaires

Top Cities around the World Where Billionaires Lives
  • Being the fashion capital of the world, it’s obvious that Paris is the city of the well-off. Paris is last on our list but hosts 27 billionaires within its boundaries, the most famous being Bernard Arnault, the owner of the LVMH group. Françoise Bettencourt Meyers – heir to the L’OrĂ©al empire, François Pinault – founder of Kering and Artemis, GĂ©rard and Alain Wertheimer – owners of Chanel also live in Paris.

10. Istanbul, Turkey - 28 Billionaires

Top Cities around the World Where Billionaires Lives
  • Many of the world's billionaires live in Istanbul as well. 28 in total, including Erman Ilıcak – businessman and president of Rönesans Holding.
  • Murat Ăślker - the chairman of Yıldız Holding, the largest food company in the CEEMEA Region and HĂĽsnĂĽ Ă–zyeÄźin – founder of Finansbank all reside in Istanbul.

9. Seoul, South Korea - 29 Billionaires

Top Cities around the World Where Billionaires Lives
  • Seoul is a mix of businesses but a handful of companies led by the Samsung Group, dominate the business community. 
  • A total of 29 billionaires live in Seoul. Lee Kun-hee the chairman of Samsung, Seo Jung-jin founder and CEO of biopharmaceutical company Celltrion, Kim Jung-ju founder of South Korea's biggest gaming company Nexon all reside in Seoul.

8. Singapore - 31 Billionaires

Top Cities around the World Where Billionaires Lives
  • The wealthy city-state has 31 billionaire residents, up from 22 last year, and replaces Seoul in the top 10. 
  • Singapore's richest resident, Zhang Yong is also China’s richest restaurateur — the owner of Sichuan hot pot chain Haidilao is $4.2 billion richer than he was in 2019, thanks to a 53% rise in the company’s stock over the past year.

7. San Francisco - 37 Billionaires

Top Cities around the World Where Billionaires Lives
  • The city by the bay has five fewer billionaires than a year ago in part, because fortunes fell below $1 billion for former Uber CEO Ryan Graves and Pinterest co-founder Ben Silbermann. 
  • Newcomers to the billionaire ranks who live in San Francisco include private equity dealmaker Orlando Bravo and cloud communications entrepreneur Vlad Shmunis.

6. Mumbai, India - 38 Billionaires

Top Cities around the World Where Billionaires Lives
  • Mumbai gained one billionaire residents since 2019, losing five billionaires but adding six newcomers. 
  • Those include Abhay Vakil, who heads India’s largest paint company, Asian Paints, and the Parekh brothers, who control adhesives and sealants maker Pidilite Industries. 
  • It is also home to Mukesh Ambani, owner of Reliance network.

5. London, UK - 56 Billionaires

Top Cities around the World Where Billionaires Lives
  • London comes up on number 6 and plays host to 56 billionaires which include Len Blavatnik the owner of Access Industries, Sri and Gopi Hinduja own the Hinduja Group, Sir Richard Branson, a London native and the founder and CEO of the Virgin Group, James Dyson an engineer and the inventor who founded Dyson Ltd.

4. Beijing, China - 67 Billionaires

Top Cities around the World Where Billionaires Lives
  • Beijing has moved up the list with 67 billionaires in residence. 
  • Renowned names such as Jack Ma, founder of Alibaba Group.
  • Xu Jiayin chairman of Evergrande Group a real estate development company and Ma Huateng founder of Tencent the popular gaming platform, all call Beijing their home. 

3. Moscow, Russia - 70 Billionaires

Top Cities around the World Where Billionaires Lives
  • Moscow houses 70 billionaires, just 1 short of Hong Kong, bringing it to number three. 
  • More than 80% of Russia’s billionaires call its capital home, including mining mogul Vladimir Potanin, is also the richest person in the nation. 
  • Other billionaires living in Moscow include Leonid Mikhelson founder of Novatek which is the Russian gas company, Mikhail Fridman who owns Alfa-group and Gennady Timchenko who founded the Volga Group, a private investment group.

2. Hong Kong - 71 Billionaires

Top Cities around the World Where Billionaires Lives
  • With 71 billionaires in residence, Hong Kong comes second on the list. The city recorded a net loss of eight billionaire residents in the past year, owing to the drop in the real estate industry. 
  • Billionaires living in Hong Kong include Sir Li Ka-Shing, Lee Shau-kee, Cheng Yu-tung, Henry Cheng all of whom own businesses in the real estate industry alongside other industries.

1. New York, USA - 92 Billionaires

Top Cities around the World Where Billionaires Lives
  • The big apple plays host to the largest number of billionaires as compared to the rest of the world.  
  • A total of 92 billionaires in the world call New York their home. Billionaires that reside in New York include Michael Bloomberg, Jay-Z, David, and Julia Koch.
So that’s where the richest people in the world live!
Got any names to add to this list? Let us know in the comments below!

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