Beijing takes bite out of Big Apple's claim to 'billionaire capital of the world'

Discussion in 'Market News' started by Lily, Feb 24, 2016.

  1. Lily

    Lily Forum Member

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    Study by Shanghai firm Hurun finds that despite severe downturn in Chinese markets the capital city boasts 100 billionaires, compared to New York’s 95

    Move over, New York City: Beijing is the new “billionaire capital of the world”.

    The Chinese capital has overtaken the Big Apple as home to the most billionaires, 100 to 95, according to Hurun, a Shanghai firm that publishes a monthly magazine and releases yearly rankings and research about the world’s richest people and their spending habits.

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