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Beijing tops NYC in number of billionaires on latest Forbes list

Beijing tops NYC in number of billionaires on latest Forbes list

NY Post
Sunday, May 02, 2021 03:57:49 AM UTC

The Big Apple has taken a back seat to Beijing as the world’s billionaire capital, and that’s before a new state tax hike possibly pushes more fat cats to leave.

The Chinese capital has exactly one more billionaire than Gotham, 100 to 99, according to Forbes’ recently released list. The number of billionaires worldwide increased 32 percent to 2,755, or 660 more than a year ago, as many cashed in on a surging stock market. Beijing saw an uptick of 33 billionaires during the worldwide COVID catastrophe that began in China, while NYC’s roster increased by only seven.
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