According to Forbes Asia, which today released its annual list of Chinas 400 richest people, the city has the most billionaires in the country—17, compared with 15 in Beijing and Shanghai with 10.

What is the richest part of China?

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.

Why is Shenzhen rich?

Shenzhens breakneck pace of development, its proximity to the factories of south China and its huge shipping port make it an ideal location for the tech billionaire on the make. Who lives there? Pony Ma, founder of tech giant Tencent and Chinas third-richest man, calls Shenzhen home.

Where do Chinese millionaires live?

Most Chinese millionaires live in the well-developed cities of Eastern China, with Beijing and Shanghai being home to the highest number of wealthy people among cities in mainland China.

How many billionaires are there in Shenzhen?

68 ForbesCityCountryBillionairesShenzhenChina68ShanghaiChina64LondonUnited Kingdom63MumbaiIndia486 more rows

How many billionaires live in USA?

How Many Billionaires Live in the United States of America? There are 2,153 billionaires on the 2019 list, around 600 of whom live in the USA. The top three world billionaires are Jeff Bezos, Bill Gates, and Warren Buffet.

Why are Chinese millionaires leaving China?

Many rich Chinese are leaving China for better education systems elsewhere and to flee the countrys polluted cities and strict government. Theyre also looking to protect their wealth.