According to Altrata's 2024 Billionaire Census, 28% of the world's billionaires live in just 15 cities, with New York City having the largest population.
While some billionaires consider moving to areas like Jackson Hole and Palm Beach, data shows that they prefer to stay in major cities like New York and San Francisco.
The financial capital of the world, New York City, reported substantial growth in billionaire residents, outpacing the billionaire population of most countries globally.
China's billionaire population fell by 14.8% due to economic struggles and political crackdowns, leading many wealthy individuals, including Jack Ma, to seek opportunities elsewhere.
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