China has second-most billionaires in the world
China has second-most billionaires, with Hong Kong, Beijing, Shenzhen and Hangzhou ranking among top 15 billionaire cities, according to research company Wealth-X’s latest Billionaire Census report on Thursday.
China had 285 billionaires with their total wealth reaching $996 billion in 2018, while the United States had 705 billionaires, the highest, with net worth of $3.013 trillion, said the report.
https://en.wikipedia.org/wiki/List_of_countries_by_the_number_of_billionaires
In 2018, the global billionaire population fell 5.4 percent from a year earlier to 2,604 and their worth declined by 7 percent to $8.6 trillion. The report attributed the decline to heightened market volatility, global trade tensions and a slowdown in economic growth. The billionaires are increasingly congregating in a cluster of cities – a total of 773 billionaires are living in the top 15 billionaire cities, accounting for nearly 30 percent of the global billionaire population in 2018, said the report. New York is the world’s leading residence for billionaires with the figure reaching 105. While the billionaires only… Read more »