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- Here are the 44 new members of The Forbes 400 (net worths are as of September 3, 2021)
- Miriam Adelson. Net Worth: $30.4 billion. Source of wealth: Casinos. Adelson inherited her late husband’s 57% stake in Las Vegas Sands, the publicly traded gambling empire with casinos in Singapore and Macau, after his death in January.
- Sam Bankman-Fried. Net Worth: $22.5 billion. Source of wealth: Cryptocurrency. The 29-year-old MIT grad owes most of his $22.5 billion fortune to his stake in the cryptocurrency derivatives exchange FTX—which he cofounded in 2019—and his share of its FTT tokens.
- Jeff Yass. Net Worth: $12 billion. Source of wealth: Trading, investments. The former pro gambler joins The Forbes 400 thanks to his stake in trading firm Susquehanna International Group, which he cofounded in 1987 and built into one of the most successful firms on Wall Street.
- New York: 107 Billionaires
- Beijing: 83 Billionaires
- Hong Kong: 68 Billionaires
- London: 66 Billionaires
- Shanghai: 61 Billionaires
- Shenzhen: 59 Billionaires
- Moscow: 53 Billionaires
- Mumbai: 51 Billionaires
- San Francisco: 44 Billionaires
- Seoul: 38 Billionaires
Richest resident: Michael Bloomberg, $82 billion
New York gained eight new billionaire residents over the past year, more than any other city on the list. Most are in the finance industry, including Thrive Capital founder Josh Kushner and private equity titan Ramzi Musallam. Other NYC newcomers include the first NFT billionaires identified by Forbes: Devin Finzer and Alex Atallah, the cofounders of the buzzy blockchain startup OpenSea. Despite the heightened competition, media magnate Michael Bloomberg remains the richest resident, accounti...
Richest resident: Zhang Yiming, $50 billion
Increased government scrutiny unleashed a world of pain for the super-rich in China’s capital, who have shed $174.3 billion from their collective net worth since 2021. The loss of 17 billionaires includes Kate Wang, the founder of Chinese vaping giant RLX Technology, and Will Wei Cheng, the CEO of ride-hailing firm Didi Global, whose fortunes both fell below the three-comma threshold. A rare winner amid the turmoil was Zhang Yiming, the founder of TikTok-owner ByteDance and Beijing’s richest...
Richest resident: Lee Shau Kee, $32.6 billion
Another city with a dramatic drop in billionaires, Hong Kong lost a dozen amid a year of market tumult and strict Covid-19 protocols. The stalling tourism industry knocked casino billionaires Ina Chan and Lawrence Ho, as well as hotel magnate Zhao Tongtong, from the city’s super-rich ranks. Hong Kong also lost two billionaires, Shing-bor Tang and Lee Man Tat, who died in 2021.
Richest resident: Len Blavatnik, $32.5 billion
London rose to No. 4 as it relaxed long-standing pandemic restrictions. Though it had a net gain of three new billionaires, the city actually welcomed six new three-comma club members, including the first Bulgarian and Estonian citizens ever named billionaires by Forbes, all of whom have their primary residences in London. Vlad Yatsenko, the chief technology officer of digital banking giant Revolut, and Denis Sverdlow, who founded the British electronic vehicle manufacturer Arrival, are other...
Richest resident: Liu Yongxing, $13.2 billion
Shanghai lost fewer billionaires than other Chinese cities but still saw its stable of super-rich residents drop, from 64 to 61. Xu Yi and Chen Rui, executives at Chinese media giant Bilibili, and Tony Zhao, the CEO of the Nasdaq-traded online video and communication platform Agora, are among the Shanghai-based billionaires who dropped off over the last year. Bucking the trend, Shanghai’s richest person, Liu Yongxing, the chairman of agriculture and chemicals firm East Hope Group, more than d...
Richest resident: Ma Huateng, $37.2 billion
A hub for self-made billionaires, “China’s Silicon Valley'' fell to No. 6 after losing nine billionaire residents over the past year. Three were investors in the vaping company Smoore International, whose share plummeted 64% as the Chinese government threatened a crackdown on electronic cigarettes. Shenzhen’s richest person, Tencent chairman and CEO Ma Huateng, also took a hit. The internet media tycoon’s fortune dropped by more than $28 billion since 2021.
Richest resident: Vladimir Lisin, $18.4 billion
Moscow lost more billionaires than any other city on the list amid the fallout from Russia’s invasion of Ukraine. In fact, all but two living in Russia’s capital came away worse off than they were the year prior. Vladimir Lisin, the chairman of steel products manufacturer NLMK Group and Moscow’s richest person, shed about $8 billion of his personal wealth. Twenty-six others fell off the billionaires' list altogether, including Oleg Tinkov, the founder of digital bank Tinkoff; the sanctioned b...
Richest resident: Mukesh Ambani, $90.7 billion
The Indian metropolis held onto the No. 8 spot with a net gain of three billionaires compared to last year. Balanced by three dropoffs, Mumbai actually welcomed six new billionaires over the past year, including Falguni Nayar, who became India’s richest self-made woman, with an estimated net worth of $4.5 billion, after taking her beauty-and-fashion retailer Nykaa public in November. The city’s richest resident, Reliance Industries chairman Mukesh Ambani, single-handedly makes up for more tha...
Richest residents: Brian Chesky and Dustin Moskovitz, $11.5 billion
Dropping from the No. 8 spot, San Francisco is home to four fewer billionaires than last year. The city actually welcomed a stable of new ultra-rich entrepreneurs, such as Grammarly cofounder Max Lytvyn; and Henrique Dubugras and Pedro Franceschi, the 26-and 25-year-old (respectively) cofounders of fintech startup Brex. But the plunging fortunes of others, such as Affirm cofounder Max Levchin, RingCentral Vlad Shmunis and Skillz CEO Andrew Paradise–each of whom dropped off the Forbeslist–left...
Richest residents: Kim Beom-su and Jay Y. Lee, $9.1 billion
The South Korean capital is back on the list for the first time since 2019. Seoul’s three billionaire newcomers (the fourth is a returnee) are all self-made: Covid-19 testing entrepreneur Cho Young-sik, fintech startup founder Lee Seung-Gun and gaming mogul Park Kwan-ho. Tied as the city’s richest residents are Kim Beom-su, the founder of Kako, South Korea’s biggest messaging app, and Jay Y. Lee, the vice chairman of Samsung Electronics, who are worth an estimated $9.1 billion each.
- John Hyatt
- #1 | BEIJING: 100 billionaires. SINCE LAST YEAR: +33. TOTAL NET WORTH: $484.3 BILLION. RICHEST RESIDENT: ZHANG YIMING, $35.6 BILLION. Getty Images. Beijing added 33 new billionaires as China bounced back quickly from its pandemic woes, skyrocketing from No. 4 to No. 1 on our annual list.
- #2 | NEW YORK CITY: 99 billionaires. SINCE LAST YEAR: +7. TOTAL NET WORTH: $560.5 BILLION. RICHEST RESIDENT: MICHAEL BLOOMBERG, $59 BILLION. Getty Images. After falling to second place, NYC billionaires can take solace in their cumulative net worth remaining $80 billion greater than Beijing billionaires.
- #3 | HONG KONG: 80 billionaires. SINCE LAST YEAR: +9. TOTAL NET WORTH: $448.4 BILLION. RICHEST RESIDENT: LI KA-SHING, $33.7 BILLION. Getty Images. Despite a real estate slump and China’s growing interference in its political affairs, Hong Kong added nine billionaires, landing the former British colony at the No. 3 spot where billionaires live.
- #4 | MOSCOW: 79 billionaires. SINCE LAST YEAR: +9. TOTAL NET WORTH: $420.6 BILLION. RICHEST RESIDENT: ALEXEY MORDASHOV & FAMILY, $29.1 BILLION. Getty Images. Moscow also added nine billionaires last year, even as the city slipped to No. 4.
Apr 14, 2021 · The richest of the rich are quite concentrated in cities, but some cities seem to best suit the billionaire lifestyle. Here’s a breakdown of the top 10 billionaire capitals and the collective net worth of all the ultra wealthy that live there.
In 2022, the USA dominates the world’s top 20 wealthiest cities, with six American cities listed. Two Swiss cantons also make the top 20, along with eight cities in the Asia-Pacific region.
NYC has topped America’s Best Cities since our inaugural ranking. In 2024, it is U.S. urban recovery writ large, with a dizzying roster of new shows, hotels and parks—and record real estate prices.
Oct 5, 2021 · The aggregate wealth of The Forbes 400 reached a record-breaking $4.5 trillion, and the minimum net worth needed to make the cut for this year’s list rose to a record high of $2.9 billion, up...
