Beijing now has more billionaires than any city.

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Waqas Malik

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Beijing added 33 billionaires last year, according to Forbes
Beijing is now home to more billionaires than any other city in the world, according to the latest Forbes' annual rich list.
The Chinese capital added 33 billionaires last year and now hosts 100, said the business magazine.
This narrowly beats New York City, which hosts 99 and has held the top ranking for the last seven years.
China's quick containment of Covid-19, the rise of its technology firms and stock markets helped it gain the top spot.
Although Beijing now has more billionaires than the Big Apple, the combined net worth of New York City's billionaires remained US$80bn (£58bn) greater than that of their counterparts in Beijing.
Beijing skyline


Beijing's richest resident was Zhang Yiming, the founder of the video-sharing app TikTok and chief executive of its parent firm ByteDance. He saw his net worth double to $35.6bn.


In contrast, New York City's richest resident, former Mayor Michael Bloomberg, had a fortune worth $59bn.
China's e-commerce boom
China, along with the US, has seen its technology giants become even bigger during the pandemic as more people shopped online and looked for sources of entertainment.


This saw the massive creation of personal wealth for the founders and shareholders of these tech titans.

So what is Jeff Bezos going to do now?
China, whose figure included Hong Kong and Macao in the Forbes count, added more billionaires to the list than any other country globally, with 210 newcomers.
Half of China's new billionaires made their fortunes from manufacturing or technology ventures, including female billionaire Kate Wang, who made her money from e-cigarettes.
With 698 billionaires, China is closing in on the US, which still leads with 724 billionaires.

One billionaire every 17 hours
A record 493 newcomers joined the list globally last year, roughly one new billionaire every 17 hours, according to Forbes.
India had the third-highest number of billionaires, with 140. In total, the 1,149 billionaires from the Asia Pacific were worth $4.7tn, compared with the US billionaires' $4.4 tn.
Jeff Bezos, founder and chief executive of Amazon, remains the world's richest person for the fourth consecutive year. His net worth grew by $64bn to $177bn last year.
 
When someone becomes a billionaire, my mind immediately goes to "how many people are now living in poverty to elevate these people to billionaire status?"
The very concept of a billionaire is grotesque.
We don't need billionaires, we need fair and equitable distribution of wealth...especially in a so-called communist country!!!
 
Who has the most money? Who cares? Considering all this so called wealth of these two super powers they can't or WON'T stop people going hungry, being homeless, being persecuted by their own government and living in misery. Well done give yourself a pat on the back for having so much and doing so LITTLE.
 
Absolutely fantastic. China is a good example to the developing world that it's possible to uplift poor people's living standards and make them rich in a lifetime. And all this can be achieved by hard work and not by looting.
 
China is a fine example where you can make money and build an economy without the need to loot and plunder other countries for centuries.
 
If you look back in history at all pandemics, epidemics, and all the diseases this country has since introduced vaccinations for, the one fact remains true for most if not all diseases and pandemic crises. They did not arise in the United States.
Other countries brought them here. Fact
 
Thanks to the companies and countries paid them money under the table to make them rich.
You made them rich but most under control by CCP China and Xi own account
Thank you very much
Please wake up.
 
Yeh invisible multi-billionaires are all over Beijing, but sadly most of them can’t spend those money publicly inside of mainland China or say they are billionaires, because their money is either from corruption or other illegal ways, most of those people are senior members of the CCP. Their money is highly associated with CCP. Or another way to say it, it’s not their money, if they don’t listen to the CCP, the money can drift away like birds.
 
You create a deadly virus and it’s antidote at your home, then you unleash the virus to every houses including few rooms of your home too, then with proper planning you control your own house and while other houses start suffering, you do whatever you want, you’re the lone player now after-all..
 
The wealth of China is rather a threat than a helping hand. My Chinese friend once said they have no tradition and understanding of the idea of charity and philanthropy.
 
And this has nothing to do with unleashing a virus on the world, watching the American stocks value fall dramatically, buying all the stocks while extremely low, monopolising the current markets and selling us cheap fake goods that don’t even resemble the picture when received! Stop kissing the west’s biggest enemy since the 90s and wake up to modern warfare!
 
Yet it offers them little / no freedom at all! Sadly where it really matters in life, the freedom to feel and be the person you are, to speak, to elect one’s preferred leaders, etc, they have no rights, strengths or freedoms at all. Their money may secure their physical safety from oppression, but it cannot change it!
 
And that’s CCP’s goal ! They invented corona virus to dampen other coutures’s speedy economic, but they have been silently growing while other nations were facing hurdles!!!!!
 
QUICK CONTAINMENT?!?!? For real?!? I guess we know now HOW easy it is (and will be more and more) for them to not only buy the WHO but the international press as well
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But the painful, plain truth is that those guys are hard workers. They will remain at the summit there and their country's economy will continue growing
 
Literally everything you buy - anywhere, ever is made in China. Unless you are actively not buying goods made outside of your own nation you can pretty much bet it’s made there. The fact people are a) surprised by this and b) enraged by this is just testament to how unbelievably dense the general public has become about global economic systems. We fuelled this, we bought into it, and people like Jeff Bezos collected on it. If you seriously had no idea this was going to happen, you need to wake the hell up.
 
Whom ever thinks that the people that are billionaires work hard for that. Think you are wrong it's the millions of Chinese working in sweatshops etc
 
China is here because they invested heavily in education, science and technology..it has taken smart work and dedication to be a superpower
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the same can't be said about Western looters who dropped bombs to steal resources.
 
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