Shenzhen overtakes New York as home for billionaires (2024)

Business trends

But China's wealthiest fail to crack top 10 list dominated by Americans

CK TAN, Nikkei staff writer | China

SHANGHAI -- Shenzhen has overtaken New York as a top spotfor billionaires, cementing Chinaas the world'shome to the super rich, according to an annual wealth list published Thursday.

The southern Chinese factory hub has 113 billionaires, edging out New York's 110 billionaires and placingit among the top three preferred cities globally for billionaires to live, with Beijing and Shanghai taking first and second place, respectively,said Shanghai-based Hurun Research Institute.

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Shenzhen overtakes New York as home for billionaires (2024)
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