(above)Billionaire Wealth History
I really don't want to hear the bellyaching about how they all did so much better under previous administrations in DC. Seriously now. The wealthy accomplished this WHILE AT THE SAME TIME the wage incomes of most Americans have increased, especially within the structure of unions/organized labor. The labor wage growth ended in June of 2001. It turned around in January 2010 and increased exponentially under the Biden administration. It is noteworthy the current down turn in labor gains began to decline after the change of leadership in the US House in 2022.
List (click here)
(click here)
New York City
Total billionaires: 110 | Since last year: +9 | Total net worth: $694 billion | Richest resident: #12 Michael Bloomberg ($106 billion)
Moscow - This is actually incorrect. Russia does not have billionaires. They have government owned oligarchs. There is a huge difference in the definition and freedom of these persons, their projected longevity, and the permanence of their investments
Total billionaires: 74 | Since last year: +12 | Total net worth: $378 billion | Richest resident: #59 Vagit Alekperov ($28.6 billion)
Hong Kong
Total billionaires: 74 | Since last year: +4 | Total net worth: $326 billion | Richest resident: #38 Li Ka-shing ($37.3 billion)
Mumbai
Total billionaires: 69 | Since last year: +13 | Total net worth: $379 billion | Richest resident: #9 Mukesh Ambani ($116 billion)
Beijing - This is actually incorrect. China does not have billionaires. They have government owned oligarchs. There is a huge difference in the definition and freedom of these persons, their projected longevity, and the permanence of their investments. However, there are Chinese that have made it out of China that are now independent. That is not the majority.
Total billionaires: 63 | Since last year: flat | Total net worth: $211 billion | Richest resident: #27 Zhang Yiming ($43.4 billion)
London
Total billionaires: 62 | Since last year: -1 | Total net worth: $326 billion | Richest resident: #52 Len Blavatnik ($32.1 billion)
Shanghai
Total billionaires: 54 | Since last year: -11 | Total net worth: $167 billion | Richest resident: #33 Colin Huang ($38.9 billion)
Los Angeles
Total billionaires: 53 | Since last year: +19 | Total net worth: $222 billion | Richest resident: #140 John Tu ($13.6 billion)
Singapore
Total billionaires: 52 | Since last year: +6 | Total net worth: $156 billion | Richest resident: #60 Eduardo Saverin ($28 billion)
San Francisco
Total billionaires: 50 | Since last year: +13 | Total net worth: $185 billion | Richest resident: #103 Dustin Moskovitz ($18.3 billion)
