As reported by Forbes, over half of the world's billionaires reside in only three countries; however, their distribution across cities is much broader. There are over 50 cities globally with at least 10 billionaires each and nearly 800 that house at least one billionaire. The data reveals that the United States has only two of the top 10 billionaire cities. Furthermore, the sources of wealth vary significantly across cities, with technology dominating in San Francisco and finance in New York, highlighting the different economic landscapes.
According to the latest Forbes data, there are now over 3,000 billionaires on planet Earth. While more than half of all billionaires live in just three countries, the world's ultra wealthy are less concentrated at the city level.
While the largest, wealthiest cities naturally produce the most billionaires, not all fortunes are created equally. In New York City, 27.4% of billionaire wealth comes from the finance and investments sector, while 32.5% of billionaire wealth in San Francisco comes from technology.
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