Billionaire-Rich Cities of the World

There are some billionaire hubs in this world, cities where the wealthy strive and enjoy their lush lives. Some places are richer in billionaires than others, and here is a top five of these cities. It all begins with Moscow, the capital of the huge Russia.

1. Moscow

Moscow 

Billionaires: 79

Their combined wealth: $375.3 billion

Seventy-nine billionaires in one city is a lot! Russia boasts the largest reserve of mineral and energy resources in the world, which should give you a hint about how some of Moscow’s billionaires got their fortunes. Roman Abramovich for instance is an oil magnate, while Vladimir Lisin and Alexei Mordashov have earned fortunes from steel businesses. With a total combined wealth of $375.3 billion, Moscow is the city with the largest privately amassed wealth in the world.

2. New York

New York 

Billionaires: 59

Their combined wealth: $220.8 billion

New York is so loved by billionaires across the globe, that many of them who live in other cities have secondary homes here. Moscow billionaire resident Andrey Melnichenko, the richest man in the world, Carlos Slim and many others have bought million-dollar homes in the city that never sleeps. Among the billionaires who live in New York we mention famous real estate mogul and TV personality Donald Trump, fashion designer Ralph Lauren and the mayor of the city himself, Mr. Michael Bloomberg.

3. London

London 

Billionaires: 41

Their combined wealth: $164.3 billion

Among London’s billionaires we mention Philip and Christina Green (the couple behind Topshop), Bernard Ecclestone with a $4.2 billion fortune, Sir Richard Branson with the same figure, Gerald Cavendish Grosvenor with $13 billion and famous Lakshmi Mittal, the sixth richest man in the world with a net worth of $31.1 billion.

4. Hong Kong

Hong Kong 

Billionaires: 40

Their combined wealth: 176.8 billion

With one billionaire less than London, Hong Kong boasts a larger combined wealth than that of Great Britain’s capital city: $176.8 billion. Some names: Sir Ka-shing Li, chairman of Hutchison Whampoa, with a net worth of $26 billion (the world’s 11th richest person), Lee Shau-kee, majority owner of Henderson Land Development with $19 billion, the richest women in Hong Kong, Chu Lam Yiu, with $2.8 billion and the wife of famous Stanley Ho, Angela Leong with a net worth of $1.1 billion.

5. Istanbul

Istanbul 

Billionaires: 36

Their combined wealth: 60.5 billion

A few names: Mehmet Emin Karamehmet, the richest person in Turkey, with a net worth of $4 billion, Semahat Sevim Arsel, director of Koc Group, with $3 billion, her brother Mustafa Rahmi Koc with $2.9 billion, and with $2.1 billion, Sarik Tara, the founder Enka construction company.

By : 1 Jun 2011
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