1, Moscow, Russia Number of billionaires: 74 Average amount of wealth: $5.9 billion When the two city London and New York are still scrambling for the crown of largest number of billionaires, Moscow has sat quietly in the top spot. Indeed, the amount of billionaires in Moscow incredibly jumped to the first in the world, while in 2002 only five billionaires ranked on the list. This change should be attributed to the development of the industry in the area of oil, iron and steel. Moscow now has 74 billionaires, but compared with other cities, the price of commodities in Moscow is indeed very cheap. 2, New York, America Number of billionaires: 71 Average amount of wealth: $3.3 billion New York has been on the top of the list of billionaires for a decade, but dropped to the second place in 2007. However, many of the 71 billionaires in the city are famous people such as the media giant Robert Murdoch and the real estate giant Donald Trump. And even the mayor of the city is also a billionaire. 3, London, England Number of billionaires: 36 Average amount of wealth: $4.1 billion Benefited from the strong pound, London is full of billionaires, including the aviation and media giant Richard Branson, cheap clothing merchant Philip Green and the richest man in Europe Lakshmi Mittal Baron. 4, Istanbul, Turkey Number of billionaires: 34 Average amount of wealth: $1.7 billion The location as a coastal city enables Istanbul to be a resort of tourists and the rich. The 35 billionaires of Turkey nearly all come from Istanbul. Though the ways to amass wealth of billionaires are numerous, from mobile phones to banking industry, they can enjoy the comfort and ease brought by their wealth without spending too much money. It only costs $5,000 to rent an apartment in the busy section of the city, and you can hire a maid and a nanny only with $50 every day. As a permanent resident you will enjoy a lot of benefits. However, it may cost more for foreign tourists in travelling. For example, if you stay in the famous Zillah Palace Kempinski Hotel in Turkey for two nights, you have to pay $10,000. 5, Hong Kong, China Number of billionaires: 30 Average amount of wealth: $5.0 billion Hong Kong is an Asian city with the largest number of billionaires. And the preference of exemption from capital gains tax makes it a prosperous commercial center and the rich have also benefited from it. The richest man Li Ka-shing of HongKong is the chairman of the Board of Asian telecom giant Hutchison Whampoa, whose personal wealth reaches $26.5 billion, and his son Richard Li tried hard to get out of the light of his father. Now he is becoming financially significant in the real estate and in 2006 he sold a piece of land with a high price of $1.7 billion, hitting a record of the most expensive land. 6, San Francisco, America Number of billionaires: 19 Average amount of wealth: 3.1 billion Although the Internet bubble burst a few years ago, this northern city in California still tenaciously retains some famous IT tycoons, including Google founder Larry Page (he and another founder Sergi Brin together become the richest men in the Gulf region), PayPal founder and early Facebook investor Peter Thiel, Dolby Laboratories leader and audio giant Ray Dolby. Besides, there are several IT chiefs, such as Internet venture master John Doerr, Facebook founder Mark Zuckerberg who are now still active in the Silicon Valley. 7, Mumbai, India Number of billionaires: 20 Average amount of wealth: $7.6 billion As the commercial and cultural center of India, Mumbai has 20 billionaires with the average wealth of 7.6 billion, and this figure is more than that $5.9 billion in Moscow. Though the richest man Lakshmi Mittal of India moved to London, there are two other wealthy who are permanent in Mumbai, and they are Mukesh and Anil Ambani. It is worth mentioning that Mukesh made his wealth in March reach $43 billion. In order to let the whole world know he is rich, Mukesh is building a 27 storey private residence, which allegedly costs 20 billion dollars.. 8, Los Angeles, America Number of billionaires: 24 Average amount of wealth: $three billion Los Angeles is the portrait of vanity and magic, the billionaires are basically something to do with the entertainment industry, from Oscar-winning director Steven Spielberg to Viacom CEO Sumner Redstone. But recently the richest man in California, Kirk Kerkorian is an exception who invests in GM, Chrysler, Ford, and even the hotel industry is involved, but the investment in MGM accounts for most of his wealth. 9, Dallas, America Number of billionaires: 15 Average amount of wealth: $2.6 billion In this southern U.S. city there are several oil giants, such as T. Boone Pickens and Ray Lee Hunt. Billionaires of the city also come from all walks of life. Mark Cuban, the owner of Dallas Mavericks is not only known for his technical background, but the team management is renowned at home and abroad. H. Ross Perot, the candidate of the U.S. president in 1992, also accumulated wealth with the help of the data provider Perot Systems Corporation. World-class chefs Tom Colicchio and Nobu Matsuhisa are also here. 10, Tokyo, Japan Number of billionaires: 15 Average amount of wealth: $2.8 billion In 1987, Japanese real estate tycoon Yoshiaki Tsutsumi was once among the top of the Rich List with $200 billion of wealth. In 2002, Tokyo ranked the third among the cites with the largest number of billionaires. But in recent years as economy of Japan declined, the wealth of Japan is also greatly diminished, and this year Japan only ranks the bottom of the richest city list. These tycoons include Softbank Masayoshi Son, beverage giant Nobutada Saji, etc.
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