https://www.bbc.com/news/business-56671638 BBC Homepage * Skip to content * Accessibility Help * BBC Account * Home * News * Sport * Reel * Worklife * Travel * Future * Culture * MenuMore Search * Home * News * Sport * Reel * Worklife * Travel * Future * Culture * Music * TV * Weather * Sounds Close menu BBC News Menu * Home * Prince Philip * Coronavirus * Video * World * US & Canada * UK * Business * Tech * Science * Stories More * Entertainment & Arts * Health * In Pictures * Reality Check * World News TV * Newsbeat * Long Reads * Business * Market Data * New Economy * New Tech Economy * Companies * Entrepreneurship * Technology of Business * Economy * CEO Secrets * Global Car Industry * Business of Sport Beijing now has more billionaires than any city By Justin Harper Business reporter, BBC News Published 4 days ago Share close Share page Copy link About sharing Related Topics * Coronavirus pandemic Beijing skylineimage copyrightGetty Images image captionBeijing added 33 billionaires last year, according to Forbes Beijing is now home to more billionaires than any other city in the world, according to the latest Forbes' annual rich list. The Chinese capital added 33 billionaires last year and now hosts 100, said the business magazine. This narrowly beats New York City, which hosts 99 and has held the top ranking for the last seven years. China's quick containment of Covid-19, the rise of its technology firms and stock markets helped it gain top spot. Although Beijing now has more billionaires than the Big Apple, the combined net worth of New York City's billionaires remained US$80bn (PS58bn) greater than that of their counterparts in Beijing. * China's new richest person is a bottled water tycoon * Kim Kardashian West joins billionaires' club * Billionaire fortunes hit record high during pandemic Beijing's richest resident was Zhang Yiming, the founder of video-sharing app TikTok and chief executive of its parent firm ByteDance. He saw his net worth double to $35.6bn. In contrast, New York City's richest resident, former Mayor Michael Bloomberg, had a fortune worth $59bn. China's e-commerce boom China, along with the US, has seen its technology giants become even bigger during the pandemic as more people shopped online and looked for sources of entertainment. This saw the massive creation of personal wealth for the founders and shareholders of these tech titans. media captionSo what is Jeff Bezos going to do now? China, whose figure included Hong Kong and Macao in the Forbes count, added more billionaires to the list than any other country globally, with 210 newcomers. Half of China's new billionaires made their fortunes from manufacturing or technology ventures, including female billionaire Kate Wang, who made her money from e-cigarettes. With 698 billionaires, China is closing in on the US, which still leads with 724 billionaires. One billionaire every 17 hours A record 493 newcomers joined the list globally last year, roughly one new billionaire every 17 hours, according to Forbes. India had the third-highest number of billionaires, with 140. In total, the 1,149 billionaires from Asia Pacific were worth $4.7tn, compared with the US billionaires' $4.4 tn. Jeff Bezos, founder and chief executive of Amazon, remains the world's richest person for the fourth consecutive year. His net worth grew by $64bn to $177bn last year. Related Topics * Coronavirus pandemic * Billionaires * China * Jeff Bezos More on this story * China's new richest person is a bottled water tycoon Published 24 September 2020 * Kim Kardashian West joins billionaires' club Published 6 days ago * Billionaire fortunes hit record high during pandemic Published 7 October 2020 Top Stories * Officer who shot black man 'meant to deploy Taser' Daunte Wright was fatally shot after an officer mistook her gun for a Taser, the police chief says. Published 42 minutes ago * New footage shows the shooting of Daunte Wright. VideoNew footage shows the shooting of Daunte Wright Published 3 hours ago * 'I miss my brother' George Floyd, court hears Published 12 minutes ago Features * The 'Iron Man' body armour many of us may soon be wearing A man wearing a Sarcos Robotics exoskeleton * Transatlantic struggle for painting stolen by Nazis Pissarro * Ravaging Himalayan forest fires worry scientists Residents of Baglung district in western Nepal battle forest fires * Prince Philip: What are the plans for his funeral? Inside St George's chapel, Windsor * 'The first spaceman landed in my field' Video'The first spaceman landed in my field' Yuri Gagarin * 'I feel just as Indian as I feel black' Video'I feel just as Indian as I feel black' Masaba, Meena and Rani * The surprisingly easy trick to instantly boost your mood Archive photo of swimmers * Saving green turtles... by cooling their eggs. VideoSaving green turtles... by cooling their eggs Green turtle in the sand * Moscow's palatial Yeliseyevsky food hall closes A woman wearing a protective face mask visits Yeliseyevsky Store in central Moscow, Russia April 2, 2021 Elsewhere on the BBC * Football phrases 15 sayings from around the world football being kicked on a field - Vauxhall image blurred in the background. Most Read * Officer who shot black man 'meant to deploy Taser'1 * Royal brothers pay tribute to 'Grandpa' Philip2 * Will Smith film leaves Georgia over voting laws3 * Manhunt after 'execution' shooting in Paris4 * BBC 'gets 100,000 complaints' over Prince Philip5 * Fire engulfs historic factory in St Petersburg6 * 'World's biggest rabbit' stolen from garden7 * The Friends reunion has been filmed in Los Angeles8 * The 'Iron Man' body armour many of us may soon be wearing9 * France moves to ban short-haul domestic flights10 BBC News Services * On your mobile * On smart speakers * Get news alerts * Contact BBC News * Home * News * Sport * Reel * Worklife * Travel * Future * Culture * Music * TV * Weather * Sounds * Terms of Use * About the BBC * Privacy Policy * Cookies * Accessibility Help * Parental Guidance * Contact the BBC * Get Personalised Newsletters * Why you can trust the BBC * Advertise with us * AdChoices / Do Not Sell My Info (c) 2021 BBC. The BBC is not responsible for the content of external sites. Read about our approach to external linking.