Beijing overtakes New York as new 'billionaire capital'
Friday, 26 February 2016 - 8:34
Beijing has overtaken New York as the city with the highest number of billionaires for the first time, a new report by China-based firm Hurun says.
A total of 100 billionaires are now living in the Chinese capital, compared with 95 in New York, the report says.
Shanghai, China's centre of commerce, comes in fifth place.
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