According to Forbes, investing in stocks and private equity is the most effective path to becoming a billionaire, influencing their choices of residence significantly.
Out of the estimated 2,640 billionaires globally, the United States is home to 754, with California leading at 178 billionaires, showcasing a concentration of wealth.
New York City stands out with the highest number of billionaires in a single city at 99, contributing to its combined net worth of $611 billion.
Cities like San Francisco attract billionaires due to proximity to tech hubs, while family dynasties are significant in cities like Bentonville and Boston, influencing local billionaire counts.
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