Former fishing village in China has more billionaires than New York ...News

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Former fishing village in China has more billionaires than New York
Shenzhen recently kicked The Big Apple down a notch China now hosts three cities with the greatest number of billionaires in the world, data from Global Rich List, an annual ranking prepared by the Shanghai-based research firm Hurun Report, shows. The greatest number of billionaires – 144 – live in Beijing, followed by Shanghai with 121. New York used to occupy the third spot with 110, but was recently outdone by Shenzhen, a former fishing village turned China’s Silicon Valley, with 113 of the globe’s most wealthy. The city has been basking in a growing concentration of wealth, adding eight billionaires to its lis

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