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16. Istanbul - There are 27 billionaires in Istanbul, Turkey as of 2018, most of whom make their money in food manufacturing, finance, construction, media, and retail.
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Murat Ülker - Murat Ülker, owner of Godiva Chocolatier, is the richest person in Turkey, followed by Hüsnü Özyeğin, who founded Finansbank.
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15. São Paulo - There are 28 billionaires living in São Paulo, Brazil, where there are more helicopters and bulletproof vehicles than most places in the world.
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Major gaps - While the average income of a São Paulo billionaire is US$4.6 billion, around two million people in the city live in slums.
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14. New Delhi - New Delhi, India is home to 29 billionaires who make their money in petrochemicals, software, steel, construction, and pharmaceuticals.
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Mukesh Ambani - Mukesh Ambani is the wealthiest Indian person, worth US$43.7 billion, followed by Azim Premji who's worth US$21 billion.
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13. (Tied) Seoul - There are 30 billionaires in Seoul, South Korea who are making their money in technology, pharmaceuticals, and cosmetics.
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Samsung - Lee Kun-Hee, chairman of Samsung, has been South Korea's richest person for years, and Jae Y. Lee, the chairman's son, is number three. Bio-pharma business-founder Seo Jung-Jin saw his net worth increase by 500% over the past year to attain second place.
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13. (Tied) Taipei - Taipei, Taiwan is also home to 30 billionaires, though the semi-autonomous island was one of the few places where the richest people saw their wealth shrink.
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Terry Gou - Taiwan's wealthiest person is Terry Gou, founder of the Apple parts supplier Hon Hai Precision Industry, but he's seen his wealth decline by 23%.
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12. (Tied) Singapore - Island nation Singapore has 31 billionaires living on its soil, making their money in real estate, social media, and banking.
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Robert and Philip Ng - Robert and Philip Ng, two brothers in real estate, are worth US$11.9 billion and are Singapore's richest people. But they're closely followed by Eduardo Saveri, worth US$11.8 billion, who co-founded Facebook with Mark Zuckerberg at Harvard.
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12. (Tied) San Francisco - San Francisco, US is also home to 31 billionaires and has seen more and more of them in recent years, mostly profiting off of success in the technology market.
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Elon Musk - The likes of Mark Zuckerberg, Tim Cook, and Elon Musk all live in the San Francisco area.
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12. (Tied) Tokyo - In a three-way tie with Singapore and San Francisco, there are also 31 billionaires living in Tokyo, Japan.
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Masayoshi Son - Masayoshi Son is Japan's wealthiest person, worth US$21.9 billion. He founded the mobile SoftBank. He's closely followed by Tadashi Yanai, founder of clothing giant Fast Retailing.
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11. Paris - The French capital has 36 billionaires living in it.
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Bernard Arnault - Louis Vuitton founder Bernard Arnault is France's richest person, worth US$87.4 billion. The second richest in the country is the family of L'Oreal founder Liliane Bettencourt, worth US$36.1 billion.
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10. Guangzhou - The Chinese city of Guangzhou has 37 billionaires living there, and is one of the fastest-growing cities in the world.
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Nearly doubled - The population of billionaires in the Chinese city near Hong Kong nearly doubled between 2017 and 2018.
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9. Hangzhou - Hangzhou, China is home to 38 billionaires and is the birthplace of AliBaba founder Jack Ma.
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AliBaba - AliBaba, Amazon's biggest competitor, is headquartered in Hangzhou.
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8. Bangkok - There are 43 billionaires living in Bangkok, Thailand.
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Chearavanont brothers - The Chearavanont brothers are Thailand's wealthiest, worth US$30 billion, while the Chirathivat family is in second place, worth US$21.2 billion.
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7. Mumbai - India's largest city Mumbai has 55 billionaires, the richest among them is Mukesh Ambani.
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Mukesh Ambani - Mukesh Ambani is worth US$18 billion, and is the chairman of the petrochemical and energy company, Reliance Industries.
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6. Moscow - The Russian capital is home to 62 billionaires, the richest among them is Vladimir Lisin, who runs a steel and transportation company.
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Vladimir Lisin - Vladimir Lisin is worth US$19.1 billion and is closely followed by Alexey Mordashov, who is worth US$18.7 billion.
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5. (Tied) London - There are 70 billionaires living in London, UK, with the richest being Srichand Parmanand Hinduja.
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Srichand Parmanand Hinduja - Srichand Parmanand Hinduja is worth US$15.4 billion, slightly more than brothers David and Simon Reuben, who are worth US$15.3 billion.
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5. (Tied) Shanghai - China's biggest city has 70 billionaires living in it, tying with the likes of London.
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Surge - China as a country has seen a massive surge in its billionaires, particularly ones under 40 years of age.
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4. Shenzhen - There are 78 billionaires living in Shenzhen, the Chinese city on Hong Kong's northern border.
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Giant metropolis - Shenzhen, Hong Kong, and Guangzhou are all very close geographically, and are increasingly forming a mega-metropolis of a combined 40 million people. But Hong Kong is still politically separate from the other two cities.
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3. Hong Kong - There are 80 billionaires living in Hong Kong, the richest being Li Ka-shing.
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Li Ka-shing - Li Ka-shing is worth US$36 billion and has investments in ports and utilities. Lee Shau Kee is worth US$32 billion, mostly from property development.
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2. New York - America's biggest city is home to 92 billionaires, like the Big Apple's former mayor Michael Bloomberg. New York had more billionaires than any other city in the world until this year.
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Walmart - Media moguls Rupert Murdoch and Michael Bloomberg, hedge fund manager Steven Cohen, and Walmart heiress Alice Walton (along with Russian and Chinese expats) help make up New York's billionaire population.
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1. Beijing - For the first time in history, Beijing has surpassed New York for the title of most billionaires, with a whopping 131 living in the Chinese capital.
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Robin Li - Tech magnates like Robin Li and Liu Qiangdong have been the face of recent billionaires, while real estate giants like Lu Zhiqiang make up the old guard.
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16. Istanbul - There are 27 billionaires in Istanbul, Turkey as of 2018, most of whom make their money in food manufacturing, finance, construction, media, and retail.
© Getty Images
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Murat Ülker - Murat Ülker, owner of Godiva Chocolatier, is the richest person in Turkey, followed by Hüsnü Özyeğin, who founded Finansbank.
© Getty Images
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15. São Paulo - There are 28 billionaires living in São Paulo, Brazil, where there are more helicopters and bulletproof vehicles than most places in the world.
© Getty Images
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Major gaps - While the average income of a São Paulo billionaire is US$4.6 billion, around two million people in the city live in slums.
© Getty Images
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14. New Delhi - New Delhi, India is home to 29 billionaires who make their money in petrochemicals, software, steel, construction, and pharmaceuticals.
© Getty Images
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Mukesh Ambani - Mukesh Ambani is the wealthiest Indian person, worth US$43.7 billion, followed by Azim Premji who's worth US$21 billion.
© Getty Images
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13. (Tied) Seoul - There are 30 billionaires in Seoul, South Korea who are making their money in technology, pharmaceuticals, and cosmetics.
© Getty Images
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Samsung - Lee Kun-Hee, chairman of Samsung, has been South Korea's richest person for years, and Jae Y. Lee, the chairman's son, is number three. Bio-pharma business-founder Seo Jung-Jin saw his net worth increase by 500% over the past year to attain second place.
© Getty Images
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13. (Tied) Taipei - Taipei, Taiwan is also home to 30 billionaires, though the semi-autonomous island was one of the few places where the richest people saw their wealth shrink.
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Terry Gou - Taiwan's wealthiest person is Terry Gou, founder of the Apple parts supplier Hon Hai Precision Industry, but he's seen his wealth decline by 23%.
© Getty Images
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12. (Tied) Singapore - Island nation Singapore has 31 billionaires living on its soil, making their money in real estate, social media, and banking.
© Getty Images
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Robert and Philip Ng - Robert and Philip Ng, two brothers in real estate, are worth US$11.9 billion and are Singapore's richest people. But they're closely followed by Eduardo Saveri, worth US$11.8 billion, who co-founded Facebook with Mark Zuckerberg at Harvard.
© Getty Images
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12. (Tied) San Francisco - San Francisco, US is also home to 31 billionaires and has seen more and more of them in recent years, mostly profiting off of success in the technology market.
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Elon Musk - The likes of Mark Zuckerberg, Tim Cook, and Elon Musk all live in the San Francisco area.
© Getty Images
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12. (Tied) Tokyo - In a three-way tie with Singapore and San Francisco, there are also 31 billionaires living in Tokyo, Japan.
© Getty Images
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Masayoshi Son - Masayoshi Son is Japan's wealthiest person, worth US$21.9 billion. He founded the mobile SoftBank. He's closely followed by Tadashi Yanai, founder of clothing giant Fast Retailing.
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11. Paris - The French capital has 36 billionaires living in it.
© Getty Images
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Bernard Arnault - Louis Vuitton founder Bernard Arnault is France's richest person, worth US$87.4 billion. The second richest in the country is the family of L'Oreal founder Liliane Bettencourt, worth US$36.1 billion.
© Getty Images
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10. Guangzhou - The Chinese city of Guangzhou has 37 billionaires living there, and is one of the fastest-growing cities in the world.
© Getty Images
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Nearly doubled - The population of billionaires in the Chinese city near Hong Kong nearly doubled between 2017 and 2018.
© Getty Images
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9. Hangzhou - Hangzhou, China is home to 38 billionaires and is the birthplace of AliBaba founder Jack Ma.
© Getty Images
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AliBaba - AliBaba, Amazon's biggest competitor, is headquartered in Hangzhou.
© Getty Images
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8. Bangkok - There are 43 billionaires living in Bangkok, Thailand.
© Getty Images
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Chearavanont brothers - The Chearavanont brothers are Thailand's wealthiest, worth US$30 billion, while the Chirathivat family is in second place, worth US$21.2 billion.
© Getty Images
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7. Mumbai - India's largest city Mumbai has 55 billionaires, the richest among them is Mukesh Ambani.
© Getty Images
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Mukesh Ambani - Mukesh Ambani is worth US$18 billion, and is the chairman of the petrochemical and energy company, Reliance Industries.
© Getty Images
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6. Moscow - The Russian capital is home to 62 billionaires, the richest among them is Vladimir Lisin, who runs a steel and transportation company.
© Getty Images
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Vladimir Lisin - Vladimir Lisin is worth US$19.1 billion and is closely followed by Alexey Mordashov, who is worth US$18.7 billion.
© Getty Images
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5. (Tied) London - There are 70 billionaires living in London, UK, with the richest being Srichand Parmanand Hinduja.
© Getty Images
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Srichand Parmanand Hinduja - Srichand Parmanand Hinduja is worth US$15.4 billion, slightly more than brothers David and Simon Reuben, who are worth US$15.3 billion.
© Getty Images
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5. (Tied) Shanghai - China's biggest city has 70 billionaires living in it, tying with the likes of London.
© Reuters
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Surge - China as a country has seen a massive surge in its billionaires, particularly ones under 40 years of age.
© Reuters
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4. Shenzhen - There are 78 billionaires living in Shenzhen, the Chinese city on Hong Kong's northern border.
© Reuters
33 / 41 Fotos
Giant metropolis - Shenzhen, Hong Kong, and Guangzhou are all very close geographically, and are increasingly forming a mega-metropolis of a combined 40 million people. But Hong Kong is still politically separate from the other two cities.
© Reuters
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3. Hong Kong - There are 80 billionaires living in Hong Kong, the richest being Li Ka-shing.
© Reuters
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Li Ka-shing - Li Ka-shing is worth US$36 billion and has investments in ports and utilities. Lee Shau Kee is worth US$32 billion, mostly from property development.
© Reuters
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2. New York - America's biggest city is home to 92 billionaires, like the Big Apple's former mayor Michael Bloomberg. New York had more billionaires than any other city in the world until this year.
© Reuters
37 / 41 Fotos
Walmart - Media moguls Rupert Murdoch and Michael Bloomberg, hedge fund manager Steven Cohen, and Walmart heiress Alice Walton (along with Russian and Chinese expats) help make up New York's billionaire population.
© Reuters
38 / 41 Fotos
1. Beijing - For the first time in history, Beijing has surpassed New York for the title of most billionaires, with a whopping 131 living in the Chinese capital.
© Reuters
39 / 41 Fotos
Robin Li - Tech magnates like Robin Li and Liu Qiangdong have been the face of recent billionaires, while real estate giants like Lu Zhiqiang make up the old guard.
© Reuters
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These cities have the most billionaires
The tides have turned
© Getty Images
For the first time in recent memory, the city with the most billionaires isn't in the US.
The trend towards younger billionaires, wealthy off the tech sector and coming increasingly from Asia appears to have broken through the old guard, contradicting long-held beliefs about where the concentration of wealth really lies.
Here are the cities that have the most billionaires in the world, according to Statista.
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