Beijing overtakes New York as new ‘billionaire capital’

Beijing has overtaken New York as the city with the highest number of billionaires for the first time, a new report by China-based firm Hurun says. A total of 100 billionaires are now living in the Chinese capital, compared with 95 in New York, the report says. Shanghai, China’s centre of commerce, comes in fifth place. Hurun, which tracks wealth […]

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