Where Do Rich People Live? – BatchGeo Blog (2023)

Whenever the stock market fluctuates wildly in any direction you’ll read about people’s fortunes changing in a single day by what most of us will not make in a lifetime. Despite the wealth we can hardly understand, these billionaires do not each live on their own private island. In fact, most are in major cities around the world, often close to their business interests. The map below shows the hometowns of the world’s richest, according to the annual Forbes list.

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This map may look a little different than the usual list you expect from Forbes. Where are Bill Gates, Carlos Slim, Warren Buffett, and others? They live in cities that are otherwise unpopular with their fellow billionaires. In fact, Forbes notes that these 20 cities are home to more than one-third of the world’s billionaires. But that leaves 1,181 of the richest that live elsewhere.

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Gates lives in the Seattle, Washington, area, which does not have the 14 other billionaires, so his hometown misses this map, as does Slim’s Mexico City, and Buffett’s Lincoln, Nebraska. The cities that do make this map are internationally recognizable, from New York City (#1, 78 billionaires) to Jakarta (#20, 15 billionaires).

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New York is to be expected, long the center of the world’s financial markets. Its counterpart across the Atlantic, London, is #4, with 46 billionaires. Between the two are the emerging powerhouses of Moscow (68) and Hong Kong (64). Rounding out the top five is Beijing (45), nipping at London’s heals.

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The representatives from those cities may be faces you’re less familiar with. Certainly the Koch brothers of New York are perennial top 10s. But have you heard of Murat Ülker? The owner of a Turkish food conglomerate, Ülker has a net worth of $4.4 billion and a Wikipedia page with a biography of fewer than 100 words.

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Similarly, Facebook co-founder Dustin Moskovitz does not have the household name of Mark Zuckerberg, but Moskovitz is the richest person in San Francisco. Here is the full list of the top 20 cities that the rich call home, along with the most affluent resident.

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RankCityBillionairesRichestNet worthSource
1New York, New York78David Koch$42.9 Bdiversified
2Moscow, Russia68Vladimir Potanin$15.4 Bmetals
3Hong Kong64Li Ka-shing$33.3 Bdiversified
4London, United Kingdom46Len Blavatnik$20.2 Bdiversified
5Beijing, China45Wang Jianlin$24.2 Breal estate
6Mumbai, India33Mukesh Ambani$21 Bpetrochemicals, oil & gas
7Seoul, South Korea29Lee Kun-Hee$11.3 Belectronics/insurance
8Istanbul, Turkey28Murat Ulker$4.4 Bfood manufacturing
9Paris, France27Liliane Bettencourt & family$40.1 BL’Oreal
10San Francisco, California26Dustin Moskovitz$7.9 BFacebook
11Sao Paul, Brazil25Jorge Paulo Lemann$25 Bbeer
11Shenzhen, China25Ma Huateng$16.1 Binternet media
13Taipei, Taiwan24Terry Gou$6.1 Belectronics
14Los Angeles, California22Patrick Soon-Shiong$12.2 Bpharmaceuticals
14Singapore22Robert & Philip Ng$9.6 Breal estate
16Shanghai, China19Tsai Eng-Meng$8.9 Bfood, beverages
17Delhi, India17Shiv Nadar$14.8 Binformation technology
18Dallas, Texas16Andrew Beal$11.7 Bbanks, real estate
18Tokyo, Japan16Tadashi Yanai & family$20.2 Bretail
20Jakarta, Indonesia15Chairul Tanjung$4.3 Bdiversified

If you’d like to see the ways to visualize the data above on BatchGeo, you can create a map like the one above by simply copying the figures above into our map making tool. Or keep exploring money makers with this map of US incomes, though you’ll find those numbers a bit smaller than the billionaires discussed above.

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