The Real Deal New York

NYC has the world’s highest percentage of billionaires

Gotham has 103 of the world's 2,325 billionaires
September 19, 2014 09:15AM

Billionaires care more about cities than countries, according to a new report, and the metropolis at the top of their list is New York City.

The world’s population of billionaires has grown to 2,325, with 155 individuals crossing the 10-figure line since 2013, according to UBS and Wealth-X’s 2014 Billionaire Census. New York City is now home to 103 billionaires, the most of any city in the world.

With 571 billionaires, the United States is far ahead of the nearest competitor, China, which has 190.

The report also concludes that the wealth of the world’s billionaires now totals $7.3 trillion. By 2020, Wealth-X expects the billionaire population to hit 3,800.

More than half of the world’s billionaires are self-made, and 81 percent are mostly self-made, with inheritance accounting for a portion of their wealth. – Tom DiChristopher