Beijing Has More Billionaires Than New York

Beijing Has More Billionaires Than New York
People visit the Forbidden City in Beijing during the Labor Day holidays, which take place from May 1 to May 5, on May 3, 2021. Noel Celis/AFP via Getty Images
Jessica Mao
Updated:

Beijing has overtaken New York for the first time to become the city with the most billionaires in the world. According to Forbes’ 2021 list of the world’s richest people, released in early April, Beijing has 100 billionaires, more than New York, which has 99.

Beijing’s richest are mostly engaged in technology, e-commerce, manufacturing, education, bio-manufacturing, pharmaceuticals, and real estate.