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  1. Wealth
January 19, 2012

WealthInsight: New York still global billionaire capital

By Spear's

While New York remains the world’s capital for billionaires, WealthInsight finds that three Chinese cities are now listed in the top 10 cities with the largest population of billionaires, with only two US cities making the cut

New York still the global capital for billionaires

China is the country with the most billionaire cities in the top 10

Europe has the most billionaire cities in the top 10

While New York remains the world’s capital for billionaires, WealthInsight finds that three Chinese cities are now listed in the top 10 cities with the largest population of billionaires, with only two US cities making the cut. With Moscow, London and Paris all in the rankings, Europe also has more cities with large numbers of billionaires in the top 10 than the US. In fifth place, Mumbai is poised to continue rising the ranks. The large number of billionaires in Istanbul, which ranks sixth place, underscores Turkey’s growing economic clout. Interestingly, no cities in oil-rich countries made the list.

Top ten cities by number of billionaires, from WealthInsight HNWI database

1.    New York
2.    Moscow
3.    London
4.    Hong Kong
5.    Mumbai
6.    Istanbul
7.    San Francisco
8.    Shanghai
9.    Paris
10.    Beijing

“This time next year there could be four Chinese cities appearing in the top 10 and only two European cities, as Shenzhen is likely to replace Paris,” said Ollie Williams, Research Manager of WealthInsight’s HNWI Database.

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These figures are taken from WealthInsight ‘s HNWI Database (high-net-worth individuals (HNWIs) – those with a net worth greater than US$1 million) which currently counts 1340 billionaires worldwide, with an average wealth of US$3.27 billion and a combined wealth totalling US$4.37 trillion.

About Us
WealthInsight provides detailed data and insightful analysis on the world’s High Net Worth Individuals (HNWI) and wealth sector. With decades of experience providing business information, WealthInsight helps organisations to make informed decisions and win new business.

At WealthInsight’s core is our proprietary HNWI Database of the world’s wealthiest individuals, including all of the world’s 1340 billionaires. Around this database we have built a number of valuable research based products and services that make WealthInsight much more than just a rich contact list.

We work with and provide solutions for:
•    Wealth Managers
•    Private Banks
•    Family Offices
•    Technology Providers
•    Professional Services – Consultants, Accountants, Lawyers and Real Estate Professionals
•    Fund Managers, Hedge Fund Managers, Asset Managers, Venture Capitalists
•    Nonprofits and Educational Institutions

WealthInsight’s corporate headquarters are located in London, with offices in New York, San Francisco, Sydney, Seoul and Hong Kong.

Press Contact
Abeer Salman
E: Abeer.Salman@wealthinsight.com

Analyst Contact
Andrew Amoils
E: andrew.amoils@wealthinsight.com

Stephen Gross
E: stephen.gross@wealthinsight.com

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