Beijing now has more billionaires than any other city, including former front runner New York.
The Forbes 35th Annual World’s Billionaires List revealed that 2,755 billionaires were created over the last 12 months, 660 more than the year before and collectively worth over $13.1 TRN.
The growth generated through the pandemic equates to one billionaire being made every 17 hours, 100 of which now reside in Beijing helping the city to overtake New York as the billionaire capital.
Beijing now has more billionaires than any other city
VCG via Getty Images
Despite this extraordinary wealth, Family Offices are almost non-existent in Beijing – home to less than 5% of all Asia-Based Family Offices.
In fact, Agreus discovered that 25% of all Family Offices in the Asia-Pacific are located in Singapore followed by 20% in Hong Kong, 20% in Australia, 15% in India and the remaining 20% spread across Indonesia, New Zealand and various other cities,…
