A man walks past a Prada store in Beijing, the city that according to Forbes now has the greatest number of billionaires on the planet. Photo: Reuters
A man walks past a Prada store in Beijing, the city that according to Forbes now has the greatest number of billionaires on the planet. Photo: Reuters

Beijing passes New York to become billionaire capital of the world – Forbes says China’s growth is building 10-figure fortunes far faster than the US

  • The richest resident of China’s capital is Zhang Yiming, founder of TikTok’s parent company ByteDance, while ex-mayor Michael Bloomberg is New York’s wealthiest
  • Globally, 660 people became new billionaires last year, while American billionaires became an average of 44 per cent richer amid the pandemic

A man walks past a Prada store in Beijing, the city that according to Forbes now has the greatest number of billionaires on the planet. Photo: Reuters
A man walks past a Prada store in Beijing, the city that according to Forbes now has the greatest number of billionaires on the planet. Photo: Reuters
READ FULL ARTICLE