Four Chinese cities in ‘billionaire cities’ list

Hong Kong and Shenzhen, along with other two Chinese cities of Beijing and Hangzhou, are among the top 15 “billionaire cities” in the world, according to a new report released by Wealth-X, an international consultancy.

Hong Kong had 87 billionaire individuals at the end of 2018, down from 93 in 2017, but still clung to the second-highest rung on the list following New York, which had 105, according to the 2019 Billionaire Census.

Beijing ranked sixth with 55 of these super-wealthy and Shenzhen eleventh with 37.

The 31 billionaires of Hangzhou, home to e-commerce titan Alibaba, enabled it to leapfrog Tokyo into the 14th slot last year.

Download the full report here.