This City Just Unseated New York City as the Billionaire Capital of the World A new study found that most of the world's billionaires call Beijing home.

By Nina Zipkin

entrepreneur daily
Shutterstock

Beijing just surpassed New York City to become the city with the most billionaires in the world. A hundred billionaires are based in the Chinese capital compared to New York City's 95, according to findings from the Hurun Global Rich List, an annual wealth ranking from the Shanghai-based Hurun Report.

Bill Gates and Warren Buffett are still the first and second wealthiest people in the world, with net worths of $80 billion and $68 billion, respectively. Zara founder Amancio Ortega comes in at number three with assets totaling $64 billion, followed by Amazon's Jeff Bezos ($53 billion). Mexican business magnate and investor Carlos Slim Helu rounds out the top five with a net worth of $50 billion.

Related: These Are the World's Top 10 Young Billionaires

The two wealthiest people in China are Wang Jianlin ($26 billion), the Chairman of the Wanda Group -- a luxury commercial property company and the world's largest movie chain operator – and Li Ka-Shing ($25 billion), the 87-year-old Chairman of CK Hutchison Holdings, investor and philanthropist.

For the first time, China has overtaken the U.S. as the country with the most billionaires. The five-year-old list reports that there are now 2,188 billionaires around the world, 50 percent more than in 2013.

Nina Zipkin

Entrepreneur Staff

Staff Writer. Covers leadership, media, technology and culture.

Nina Zipkin is a staff writer at Entrepreneur.com. She frequently covers leadership, media, tech, startups, culture and workplace trends.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Related Topics

Living

The CEO of Catholic Prayer and Meditation App Hallow Says Founders Need to Be Part of Something Bigger Than Themselves

On this episode of "The CEO Series," learn about the soulful journey of Hallow's CEO and founder Alex Jones.

Business Ideas

55 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Thought Leaders

10 Simple, Productive Activities You Can Do When You Aren't Motivated to Work

Quick note: This article is birthed out of the urge to do something productive when I am not in a working mood. It can also inspire you on simple yet productive things to do when you're not motivated to work.

Business Solutions

Get More Done with ChatGPT for Just $20

This ChatGPT course can help you streamline your business.

Growing a Business

Lifetime Access to Business Advice with This AI-Powered Service is Just $29.99

With Consultio Pro, you'll find expertise on topics like data analysis, financial analysis, innovation management, and so much more.