Beijing has surpassed New York City to become the new billionaire capital of the world

Source: Business Insider

Summary List PlacementThe world officially has a new billionaire capital. For the first time ever, Beijing is home to more billionaires than New York City, according to Forbes' annual World's Billionaires List for 2021. The Chinese capital gained 33 new billionaires in 2020, bringing its total to 100 billionaires and just edging out New York City's 99 billionaires, per Forbes.