These Are the Cities Around The World Where the Richest People Live
If Prince Charming has his own fortress built at the top of the hill, so does our modern-day billionaires. There is one thing in common about their living arrangements, they are at the top with views of the most expensive cityscapes in the world. Money might not be able to buy happiness, but it can sure do make life easier and grander.
We are going to have a quick tour on where most of the billionaires of our time are deciding to invest in houses and private spaces. The seven cities that we are about to go to are the cities where we can find the most billionaires in one place. They are polarizing in these places for many reasons. These cities have a higher cost of living compared to other cities in the world but that is not an issue for these guys. That includes a higher housing plan, food expenses, and transportation. These ultra-rich people should have a net worth of almost a billion to be considered in this survey.
New York City
This concrete jungle continues to be the millionaire’s favorite place to build a castle. Some of the residents are not born and raised in New York, some of them came from different parts of the world coming from a variety of races. According to Business Insider, New York City has a total of 82 billionaires that are currently living in the city, with David Koch as the richest resident.
Hong Kong is one of the money beacons in Asia and that is why it’s obviously a top choice for the rich. The country continues to advance in technology and the economy is always good. Because a lot of rich people are residing in Hong Kong, some of the middle-class people are getting affected by the inflation of housing rates.
To date, there are 75 billionaires in Hong Kong and these 75 have a combined net worth of $297.8 billion.
Unlike New York, most of the residents in Moscow are locals. The city houses about 73 billionaires with a combined net worth of $297 billion. Most of these people made fortune from industries of iron, steel, and coal. These elements continue to be of importance in how the world works that is why their wealth continues to rise.
If there is one thing that we learned from all the pop culture, it’s that China is an indisputable power country. They are advancing in modernizing everyday life, from farming to electricity. And the displaced rich people usually come from China. Though a lot of billionaires are scattered around the world, there are still 54 billionaires in the country that chose to stay.
These 54 billionaires have combined worth of $161.3 billion and the richest resident is Wang Jianlin.
It is the place where almost everyone is dressed up formally, looking like The Great Gatsby casts. London has many reputations but one of the most dominant is the wealth that is brewing in this city. It is an expensive city and the proof of that is their housing rate. It will usually cost $2,000 for a settler to find a one-bedroom apartment and that is pretty expensive.
To date, there are 50 billionaires living in London.
Common stereotypes of Asians are being academically competitive and being wealthy. For India, this is the country where great engineers are raised and born. The country is an example that the scale of power and money will never be balanced. Despite Mumbai being part of this list, India’s poverty rate continues to swell.
There are 41 billionaires in Mumbai in the present. Their richest resident is none other than Mukesh Ambani, chairman, and shareholder of the Reliance Industries Limited.
China is the only country that produced two cities on this list and it only goes to show how the country is rising. Shanghai currently houses 40 billionaires and they have an accumulated net worth of $91.9 billion. This might be Shanghai’s last year of being at the 7th spot since the city recently added 14 billionaires to their resident’s list.
The country and the cities of China have come a long way. They continue to build an international reputation for innovation and business.
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