According to the latest report by Wealth-X in the United States, there were 111 billionaire residents in Hong Kong last year, making it the second largest group of billionaires in the world.
New York tops the list with 124 billionaires (net worth at least $1 billion), an increase of 11 from last year. Hong Kong added 15. San Francisco has 81 billionaires, ranking third, followed by 74 in Moscow and 71 in London. The number of billionaires worldwide has grown 13.4% this year to 3,204, the first time since tracking began in 2013, exceeding 3,000. "New York has nearly surpassed all countries in the world, except China and Germany," the report said. "Despite the instability of Hong Kong's economy, it remains second, and is the city with the largest net increase in billionaires' population among all cities around the world."
The total wealth of Hong Kong billionaires is estimated to be US$282 billion. Although it is just a city with a population of 7.5 million, its billionaire residents are more than 107 people in Switzerland , 104 people in India, 64 people in Saudi Arabia and France, and 60 people in Italy.
The country with the most billionaires in the world is the United States, with 927 billionaires and a cumulative wealth of US$3.7 trillion; followed by China's 410, with a total of US$1.3 trillion; Germany has 174 billionaires and a total wealth of US$515 billion. In the top 15 list, except China and India ranked eighth, the only Asian country is Singapore , which ranks 15th with 50 billionaires, with an estimated total net worth of of of 86 billion US dollars.
"In 2020, the global billionaire population surged. This was the strongest annual growth since 2017. It was a compelling development amid the turbulence of the coronavirus pandemic," the report said.
However, these billionaires account for only more than 1% of the global ultra-high net worth population (net worth at least $30 million), but hold more than a quarter of the wealth.
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