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10. Los Angeles
According to Forbes’ latest World’s Billionaires list, Los Angeles has 56 billionaires worth a combined $243 billion asset including Rihanna, LeBron James and newcomer Arnold Schwarzernegger.
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8. (tie) San Francisco
San Francisco’s 58 billionaires are worth $217 billion. Seven of San Francisco’s nine newcomers are cofounders of generative AI company Anthropic, including brother and sister Dario and Daniela Amodei.
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8. (tie) Shanghai
Shanghai also has 58 billionaires. Colin Huang, cofounder of PDD Holdings (parent company of Temu) is the richest resident of the city.
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7. Singapore
Home to 60 billionaires worth a collective $259 billion, Singapore stands at number 7. Zhang Yiming ($65.5 billion), a Chinese citizen and the main cofounder and former chairman of ByteDance, best known for its app TikTok, is the richest person in China and resides in Singapore.
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6. Mumbai
With 67 billionaires in total, Mumbai stood at number 6 in the list. Mukesh Ambani ($92.5 billion), the chairman of Reliance Industries, remains Asia’s richest person, despite a more than $20 billion decline in his fortune in the past year.
5. Beijing
China's capital has five more billionaires since last year, taking the total to 68. The Beijing billionaires include Lei Jun, cofounder and CEO of smartphone maker Xiaomi.
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4. London
London is home to 71 billionaires. Len Blavatnik is once again the richest resident of the UK capital with nearly half of his $29.9 billion comes from Warner Music.
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3. Hong Kong
The list of billionaires in Hong Kong has two newcomers: crypto entrepreneur Justin Sun ($8.5 billion) and Yang Qiumei ($1.6 billion) of SenseTime AI. The city has 72 billionaires in total.
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2. Moscow
Moscow had a huge leap in the number of billionaires from last year as the count jumped from 74 to 90. Oil magnate Vagit Alekperov is the wealthiest person living in Russia’s capital.
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1. New York City
For the fourth consecutive year, New York is the most popular city of billionaires. Home to 123 billionaires, former mayor and financial data tycoon Michael Bloomberg ($105 billion) is the city’s richest resident.
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