These Surprising 10 Cities Have The Most Billionaires in 2022

Regardless of the shifting of the rankings, the top ten remains largely the same. Only one new country has made the list, and that is Seoul, South Korea. Seoul replaced Hangzhou in the number 10 spot.

Nearly a quarter of the 2,668 billionaires on this year's list live in one of these ten places.

Seoul is back on the list for the first time since 2019. The city has three new billionaires, all self-made. One is covid-19 testing entrepreneur Cho Young-sik, the second is fintech startup founder Lee Seung-Gun, and the third is gaming mogul Park Kwan-ho.

Seoul (38 Billionaires)

Although the city welcomed new entrepreneurs such as Grammarly cofounder Max Lytvyn and cofounders of fintech startup Brex Henrique Dubugras and Pedro Franceschi, the plunging net worth of others caused the city to come out with a net loss.

San Francisco (44 Billionaires)

Mumbai has held onto its number 8 spot and even welcomed six new billionaires over the past year. Among the billionaires is Falguni Nayar, India's richest self-made woman.

Mumbai (51 Billionaires)

Moscow (53 Billionaires)

Moscow has lost more billionaires than any city on the list after the conflict with Ukraine. All but two of the billionaires dwelling in the capital came off worse than they were the year prior. Even the richest resident, Vladimir Lisin, lost about $8 billion of his wealth.

Shenzhen is considered to be “China's Silicon Valley” and is a hub for self-made billionaires. Despite this, the city fell to the number 6 spot after losing nine of its billionaire residents over the last year.

Shenzhen (59 Billionaires)

Shanghai (61 Billionaires)

Shanghai lost the least amount of billionaires out of the Chinese cities, but it still saw the number of billionaire residents drop. On the positive side, the richest resident, Liu Yongxing, chairman of agriculture and chemicals for the firm East Hope Group, doubled his fortune in the last year.

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