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.