For the primary time ever, the Chinese language capital has turn into the brand new billionaire heart of the world. Beijing gained 33 new billionaires in 2020, bringing its complete to 100 and narrowly beating New York Metropolis’s 99, in response to Forbes.
The annual World’s Billionaires Listing for 2021 confirmed that the Massive Apple added solely seven new billionaires in the identical time span.
“China bounced again shortly from its pandemic woes, skyrocketing from No. four to No. 1 on our annual listing,” stated the report.
Asserting Forbes’ 35th Annual World’s Billionaires Listing — The Richest in 2021 #ForbesBillionaires https://t.co/Sc7ie8JlQI pic.twitter.com/YniOjfZwSi
— Forbes (@Forbes) April 6, 2021
Total, 5 Chinese language cities ranked among the many prime 10 globally with probably the most billionaires. Hong Kong was in third place with 80 billionaires, Shenzhen in fifth with 68, and Shanghai in sixth place with 64. Hangzhou added 21 billionaires, sufficient to overhaul Singapore for the No. 10 spot.
The UK capital, London, additionally counted seven extra billionaire residents, despite the fact that it dropped from the fifth spot to the seventh as “the preferred dwelling for ten-figure fortunes.” Rounding out the highest 10, Moscow slipped from third place to fourth, whereas Mumbai and San Francisco – every dwelling to 48 billionaires – tied at No. eight.
Additionally on rt.com
World debt soars to file $ 281 TRILLION in 2020, set to rise once more this 12 months – report
In keeping with the report, Beijing’s wealthiest newcomer is 34-year-old Wang Ning, whose booming toy enterprise Pop Mart went public in Hong Kong in December 2020. “Zhang Yiming, Beijing’s richest denizen and founding father of social media sensation TikTok, doubled his web price to $ 35.6 billion.”
The world’s ultra-wealthy obtained even richer final 12 months regardless of the Covid-19 pandemic and financial recessions, stated the report. Globally, 660 folks turned new billionaires, bringing the world complete to 2,755 billionaires price a collective $ 13.1 trillion, per Forbes.
For extra tales on economic system & finance go to RT’s enterprise part
