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Top Five Billionaire’s Cities In 2011

The richest man in the world is the telecommunications and business magnate from Mexico, Carlos Slim Helu. What is interesting is that Mexico isn’t on the list of the world’s five top cities for billionaires. Here is the list:

Moscow

No. 1: Moscow

Number of Billionaires: 79

Total combined wealth: $375.3 billion

Moscow’s most wealthy inhabitants include a number of commodities magnates feasting on the country’s natural resources. These include Vladimir Lisin (steel), the country’s richest person; Alexei Mordashov (also steel) and Roman Abramovich (oil). The combined fortunes of Moscow’s billionaire population top $375 billion, more privately amassed wealth than in any other city in the world.

New York

No. 2: New York

Number of Billionaires: 59

Total combined wealth: $220.8 billion

Although is in second place, New York remains a favored locale of billionaires, whose collective net worth is $221 billion. Billionaires include: media mogul and current mayor Michael Bloomberg; fashion designer Ralph Lauren; and real estate developer-turned-reality T.V. celebrity Donald Trump. Many Moscow residents own secondary homes in New York, including fertilizer and coal magnate Andrey Melnichenko, whose wife recently closed on a $12.2 million penthouse apartment. Even the world’s richest man, Carlos Slim (home: Mexico City), snatched up a $44 million mansion on Central Park last year.

London

No. 3: London

Number of Billionaires: 41

Total combined wealth: $164.3 billion

Billionaires include: Indian citizen Lakshmi Mittal, the world’s sixth-richest man thanks to steel-maker ArcelorMittal; Gerald Cavendish Grosvenor with net worth $13 billion, David and Simon Reuben with $ billion, Virgin founder Richard Branson with $4.2 billion, same as Bernard Ecclestone; and Philip & Christina Green, the married couple behind clothing company Topshop.

Hong Kong

No. 4: Hong Kong

Number of Billionaires: 40

Total combined wealth: $176.8 billion

Billionaires include: Sir Ka-shing Li, Hutchison Whampoa chairman, businessman from Hong Kong, the richest person of East Asian descent in the world and the eleventh richest person in the world with an estimated wealth of $26 billion; the Kwok family, the brothers behind Hong Kong’s largest real estate developer, SHKP; Lee Shau-kee, developer and majority owner of Henderson Land Development a property conglomerate with interests in properties, hotels, town gas and internet services with net worth $19 billion; Chu Lam Yiu, the richest women in Hong Kong and the China`s largest producer of flavorings with net worth $2.8 billion and Angela Leong, the controversial heiress of Stanley Ho’s casino empire with $1.1 billion.

Istanbul

No. 5: Istanbul

Number of Billionaires: 36

Total combined wealth: $60.5 billion

Billionaires include: Turkey’s richest person, Mehmet Emin Karamehmet, chairman of mobile phone company Turkcellwith net worth $4 billion; Semahat Sevim Arsel, Director of her family’s conglomerate, Koc Group with $3 billion same as Turkey’s former richest, finance and retail scion, Husnu Ozyegin; Mustafa Rahmi Koc, brother of Semahat Sevim Arsel with $2.9 billion; and Macedonian-born Sarik Tara, founder of construction giant, Enka with $2.1 billion.

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Written by Slamchica

Aleksandra Arsenovic graduated with a degree in economics and has a master degree in tourism. Since she worked as a travel agent, she has traveled around the world and developed an interest in luxurious hotels and exotic destinations. As a big fashion fan, Aleksandra loves expensive and luxury fashion items. As an editor of Extravaganzi she shares her knowledge about travels, fashion and accessories.

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