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Hong Kong had world’s second largest billionaire population in urban centres last year even as its economy suffered historic contraction

Hong Kong had 111 billionaire residents, the second-largest such population among urban centres in the world, last year as the city added 15 more individuals with a net worth of at least US$1 billion each, according to the latest report by US-based Wealth-X.New York topped the list with the most number of billionaires at 124, adding 11 last year. The global billionaire population grew 13.4 per cent to 3,204, the first time it has exceeded 3,000 since the wealth information and insights provider…

Read the original article at South China Morning Post

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