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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

    Aug 29, 2015
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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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