Cover Hong Kong ranks second in Altrata’s 2024 Billionaire Census, with 107 billionaires (Photo: Getty Images)
Hong Kong ranks second in Altrata’s 2024 Billionaire Census, with 107 billionaires (Photo: Getty Images)
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The SAR has the second highest concentration of billionaires worldwide after New York City, while five other Asian cities are in the top 15, according to a new report
Hong Kong ranks second in the list of cities with the highest number of billionaires worldwide after New York City, according to Altrata’s 2024 Billionaire Census report.
The city is home to 107 billionaires, while New York City tops the list with 144 billionaires.
Five other Asian cities—Beijing, Singapore, Shenzhen, Mumbai and Hangzhou—are among the top 15.
The US and China have the highest numbers of billionaires in the world; they are respectively home to 1,050 and 304 billionaires.
While the global economy has remained sluggish, the number of billionaires in the world has increased in the past year. According to the report, the total net worth of the global billionaire class increased by 9 per cent to a record-breaking US$12.1 trillion [or HK$94.1] last year, and the number of billionaires has increased to 3,323—a rise of 4 per cent compared to last year.
The report, released in November, ranks the number of billionaires in the world in 2023.
Read on to discover the top 15 cities with the most billionaires worldwide.
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The top 15 cities with the most billionaires in 2023:
1. New York City, US (144)
2. Hong Kong, China (107)
3. San Francisco, US (87)
4. London, UK (78)
5. Moscow, Russia (77)
6. Los Angeles, US (62)
7. Beijing, China (60)
8. Singapore (58)
9. Shenzhen, China (41)
10. Mumbai, India (40)
11. Dubai, UAE (39)
12. Paris, France (34) (tied)
12. São Paulo, Brazil (34) (tied)
12. Istanbul, Turkey (34) (tied)
15. Hangzhou, China (33)
Salomé Grouard was Digital Editor and Front & Female Content Lead at Tatler Hong Kong. Primarily focused on managing Tatler Hong Kong’s digital platform and content, she also covers gender equality, the music scene and sports through interviews with industry leaders, experts and trendsetters.
Interview highlights include renowned conservationist Dr Jane Goodall, Korean actor Park Seo Jun, singer Jorja Smith, Chinese TV host Yue-Sai Kan, YouTuber Kimono Mom, Japanese rapper Awich, and Brazilian jiu-jitsu fighter Mikey Musumeci.
She has also produced stories on revolutionising sexual wellness in Asia, activism within the surfing community, Asian trans musicians reclaiming their narratives through music and looked at the toxicity of gym culture through the lens of the plus-size community. She also covers music festivals, such as Hong Kong’s Clockenflap and Bali’s Suara.
