Beijing just surpassed New York City to become the city with the most billionaires in the world.
A hundred billionaires are based in the Chinese capital compared to New York City’s 95, according to findings from the Hurun Global Rich List, an annual wealth ranking from the Shanghai-based Hurun Report.
Bill Gates and Warren Buffett are still the first and second wealthiest people in the world, with net worths of $80 billion and $68 billion, respectively. Zara founder Amancio Ortega comes in at number three with assets totaling $64 billion, followed by Amazon’s Jeff Bezos ($53 billion). Mexican business magnate and investor Carlos Slim Helu rounds out the top five with a net worth of $50 billion.
The two wealthiest people in China are Wang Jianlin ($26 billion), the chairman of the Wanda Group, a luxury commercial property company and the world’s largest movie chain operator, and Li Ka-Shing ($25 billion), the 87-year-old chairman of CK Hutchison Holdings, investor, and philanthropist.
For the first time, China has overtaken the US as the country with the most billionaires. The 5-year-old list reports that there are now 2,188 billionaires around the world, 50% more than in 2013.
Copyright © 2016 Entrepreneur Media, Inc. All rights reserved.
This article also appeared on Entrepreneur.com. Minor edits have been done by the Entrepreneur.com.ph editors.
Photo from Shutterstock