Moscow and NYC Duke It Out for Most Billionaires

 Moscow
Andrey Bayda / Shutterstock.com

May 8, 2013;RT.com

Many of us in this sector have billionaire envy, so it’s good to know where they congregate so we can hang around hoping to get noticed. The latest report from the WealthInsight research firm ranked cities by their concentration of billionaires. According to their figures, the cities with the greatest numbers of billionaires living within are New York (70), Moscow (64), and London (54).

Rank

City

Number of billionaires

1

New York (Manhattan)

70

2

Moscow

64

3

London

54

4

Hong Kong

40

5

Beijing

29

6

Mumbai

26

7

Istanbul

24

8

Shanghai

23

9

Paris

22

10

Los Angeles

19

11

Shenzhen

19

12

Chicago

15

13

Singapore

13

14

Tokyo

12

15

Guangzhou

12

16

San Francisco

11

17

Dallas

11

18

Dubai

11

19

Houston

10

20

São Paulo

10

 

 

 

But there may be room for argument regarding that number-one spot. The latest poll from the Chinese Hurun Research Institute puts the number of resident billionaires in Moscow at 76.

If you were to look at the impoverished middle class—those with more than $30 million and less than $1 billion— of ungodly rich people, Moscow does not even rank in the top twenty. London leads that list, with Tokyo and Singapore in second and third place respectively. Besides, Moscow only has 101,000 millionaires in 20th place, compared with Tokyo (461,000) and New York (389,000).

It’s all well and good to be a billionaire, but how much do these Muscovites give away? Here is an infographic from Bloomberg detailing how the richest of Russians choose to contribute. You know, in case you have your eye on a move.—Ruth McCambridge