Skip to content

Usa News Post

Usa News Post

  • News
  • World
  • Business
  • Politics
  • Entertainment
  • Sports
  • Science
  • News
  • World
  • Business
  • Politics
  • Entertainment
  • Sports
  • Science
News

Beijing has surpassed New York City to become the new billionaire capital of the world

Usanewsposts
April 7, 20210
beijing china

Summary List Placement

The world officially has a new billionaire capital. For the first time ever, Beijing is home to more billionaires than New York City, according to Forbes’ annual World’s Billionaires List for 2021.

The Chinese capital gained 33 new billionaires in 2020, bringing its total to 100 billionaires and just edging out New York City’s 99 billionaires, per Forbes. The Big Apple added only seven new billionaires in the same time span. In terms of total population, New York City is about 40% of the size of Beijing, with a population of 8.4 million versus Beijing’s roughly 21 million.

Beijing’s richest resident is Zhang Yiming, the founder of TikTok parent company ByteDance, who’s worth $35.6 billion. In New York City, ex-mayor Michael Bloomberg is the wealthiest, with a net worth of $59 million.

The US has long been home to more billionaires than any other country in the world, but China has been catching up. China and Hong Kong have minted 210 new billionaires in the past year, more than any other nation, according to the Forbes report.

Five Chinese cities rank among the 10 cities with the most billionaires, including special administrative region Hong Kong in third place with 80 billionaires, Shenzhen in fifth with 68, and Shanghai in sixth place with 64.

The only other US city to make the list was San Francisco, ranked eighth with 48 billionaires.

The world’s ultra-wealthy got even richer last year despite a pandemic and economic recessions. Globally, 660 people became new billionaires, bringing the world total to 2,755 billionaires worth a collective $13.1 trillion, per Forbes.

The COVID-19 pandemic has highlighted the gap between the world’s billionaires and everybody else. In the US, for example, billionaires grew 44% richer in the pandemic, Lina Batarags recently reported for Insider. In the same time period, 80 million Americans lost their jobs and nearly 8 million slipped into poverty.

Join the conversation about this story »

NOW WATCH: Inside London during COVID-19 lockdown

…read more

Source:: Business Insider

(Visited 7 times, 1 visits today)

USA News Posts - Related Posts:

  • The youngest billionaire in the world right now is a teenager in Germany Summary List PlacementIt's good to be Kevin David Lehman.  Lehman, 18, is worth $3.3 billion after inheriting stakes in German drugstore chain dm-drogerie markt from his father, Guenther Lehmann. That's according to Forbes' 35th annual billionaires list, which was released on April 6. Dm-drogerie markt, the source of Lehmann's wealth, is the leading drugstore chain in Germany. It was founded in 1974. According to the company website, it employs over 41,000 people across more than 2,000 stores throughout Germany. According…
  • Kim Kardashian: Suck It, Kylie! I'm a Billionaire Now, Too! Kim Kardashian may soon be single. But we can now officially be clear: She will not be hurting for money. Not even remotely. On the verge of a divorce from Kanye West, the Instagram influencer may not have access to the rapper's bank account any longer -- but Forbes Magazine made it known this week. She most definitely will be just fine on her own. According to this famous publication, Kardashian is now with a billion dollars. This is a…
  • Capital One Venture card review: One of the best travel credit cards, with an excellent sign-up bonus and 2x miles on every purchase  Capital One® Venture® Rewards Credit CardSummary List PlacementTable of Contents: Masthead StickyReview: Is the Capital One Venture the best credit card for you? The Capital One® Venture® Rewards Credit Card is a competitive travel rewards card at a moderate price point. While it does carry a Capital One Venture Rewards Credit Card annual fee, it offers plenty of value and useful benefits, and it's currently offering a hefty welcome bonus: Capital One Venture Rewards Credit Card The Capital One® Venture® Rewards Credit Card earns 2…
  • The best Capital One credit cards of 2021 — whether you want travel rewards, cash back, or an intro APR offer  Summary List PlacementTable of Contents: Masthead StickyThe best Capital One credit cards of 2021: Category Best Capital One credit card Best for travel rewards: Capital One® Venture® Rewards Credit Card Best for cash back: Capital One® Quicksilver® Cash Rewards Credit Card Best for dining and entertainment: Capital One® Savor® Cash Rewards Credit Card Best for intro APR: Capital One® SavorOne® Cash Rewards Credit Card Best business card for cash back: Spark® Cash from Capital One® Best business card for travel:  Capital…
  • The Latest: Virus cases rise in southwestern Chinese city By The Associated Press BEIJING — COVID-19 cases in the southwestern Chinese city of Ruili bordering on Myanmar have now topped 100. That comes as authorities have launched an aggressive campaign to vaccinate all 300,000 residents of the city, whose outbreak is something of an anomaly in a country that has all-but eliminated local transmission of the virus. The National Health Commission reported an additional 20 cases on Monday, five of them in which the persons showed no symptoms. The…
  • The Latest: Virus cases rise in southwestern Chinese city By The Associated Press BEIJING — COVID-19 cases in the southwestern Chinese city of Ruili bordering on Myanmar have now topped 100. That comes as authorities have launched an aggressive campaign to vaccinate all 300,000 residents of the city, whose outbreak is something of an anomaly in a country that has all-but eliminated local transmission of the virus. The National Health Commission reported an additional 20 cases on Monday, five of them in which the persons showed no symptoms. The…
  • China reportedly told H&M to 'bolster its awareness of the national territory' after citing issues with the retailer's 'problematic' maps Summary List PlacementChinese officials told H&M to fix its mapping system on its website and to "bolster its awareness of national territory," per a Friday report from the Wall Street Journal. Regulators reportedly took issue with what some online Chinese users called "problematic Chinese maps" on H&M's website. The country's internet regulator said that H&M has taken steps to correct the map inaccuracies, according to the report. H&M was directed by the regulator to study Chinese laws and "really ensure…
  • China made a 'La La Land'-inspired propaganda musical about the life of Uyghur Muslims, which omits all mention of mass surveillance and oppression Summary List PlacementChina released a propaganda musical that purportedly depicts the life of Uyghur Muslims, which fails to mention mass surveillance and systematic human-rights abuses. "The Wings of Songs," which premiered in China on March 28, follows the story of a Uyghur, a Kazakh, and a  Han Chinese man who form a musical group in the Xinjiang region. In the film, the relationship between Uyghurs and Han Chinese is described as  the "seeds of a pomegranate," according to The New…
  • In a hopeful sign for tech diversity, Harlem Capital raised $134 million for its second fund, blowing by its target in just 6 months Summary List PlacementHarlem Capital, a Black-led VC firm focused on backing founders from diverse backgrounds, has just raised a new fund.The firm announced in a blog post on Wednesday that it had raised $134 million for its second fund. That amount exceeded its goal of $100 million and its initial cap of $125 million. TechCrunch previously reported the news. Harlem Capital, named for the New York neighborhood where it is based, began in 2015 as a syndicate of angel investors.…
  • TikTok owner ByteDance lures overseas AI and tech talent with new training camp for 'world's top university students' Summary List PlacementTikTok owner ByteDance is stepping up efforts to attract graduate talent and build up its Western talent pipeline in computer science and artificial intelligence (AI).  In documents posted last week by academic conference the Association for Computational Linguistics (ACL), ByteDance encourages researchers to work with the company.  In one, the company invites "students across the world" to ByteCamp, "a week-long training session in AI technologies at the ByteDance head office in Beijing." ByteCamp is "a new bi-annual training…

Stock Market: Suez Canal Update! Floating!
  John Boehner says that Mitch McConnell 'holds his feelings, thoughts, and emotions in a lockbox'



The Suicide Squad | Official IMAX® Red Band Trailer

From the horribly beautiful mind of James Gunn and filmed in IMAX. Experience

Related Articles

News

Bitcoin’s path to $100,000 is less important than its potential impact on the corporate world over the next decade, Wedbush says (ICE, COIN)

News

Biden Readies Long-Awaited Executive Actions on Guns

News

TV reboots: A ‘Nash Bridges’ revival is in the works …. Really

News

As Lakers work in Andre Drummond, team’s attitude remains upbeat

News

Sharks trade Devan Dubnyk to Avalanche for draft pick, defenseman

Leave a Reply Cancel reply

Usa new News

Loading RSS Feed

Usa Today News

Loading RSS Feed

Blocked Suez Canal Is Latest Reminder Why Companies Need Crisis Plans

These are tough times for supply chains and business leaders who depend on them. Brexit. The pandemic. Congestion at major ports. Now a 1, 300-foot-long container ship is preventing hundreds of other vessels from using the Suez Canal, one of the most important waterways in the world.

Popular posts:

  • WWE WrestleMania 37 night one results, grades: Bianca Belair beats Sasha Banks in historic main eventWWE WrestleMania 37 night one results, grades:… The EST of WWE won the big one (Photo: WWE)Bianca… (476)
  • John Oliver Mocks Prince Philip and Queen Elizabeth… HBOOn Sunday, Last Week Tonight host John Oliver followed in… (23)
  • ‘SNL’ Spoofs ‘Ammonite’ and ‘Portrait of a Lady on… This weekend’s episode of “Saturday Night Live” turned out to… (22)
  • Goldman Sachs names 40 stocks to buy before they surge to meet its higher price targets – including 5 with more than 50% upsideGoldman Sachs names 40 stocks to buy before they… Summary List PlacementMarkets saw a strong start to the second… (17)
  • Janine Yorio just launched a fund that lets investors buy virtual land. She shares how her firm chooses which plots to offer — and breaks down the 3 most important elements of investing in digital real estate.Janine Yorio just launched a fund that lets… Summary List PlacementAs interest rates in developed markets hit all-time… (11)

Recent Posts

  • San Jose: Lawsuit filed in police shooting of sideshow driver who hit scooter rider
  • EXPLAINER: How does an officer use a gun instead of a Taser?
  • How to fly in ‘Minecraft’ in either Creative or Survival mode
  • Lachlan Murdoch Waves Off ADL’s Demand That Fox Fire Tucker Carlson
  • Pentagon chief orders review of deadly 2020 attack in Kenya
  • New Mexico becomes 16th state to legalize marijuana, a rebuttal to America’s ‘failed war on drugs’
  • COVID vaccine gender gap: More women than men getting coronavirus shots
  • Donald Trump: Mike Pence & Mitch McConnell Are Losers! I Run the GOP!
  • Expert: Chauvin did not take actions of ‘reasonable officer’
  • Scooters, e-bikes could be coming to Milpitas after council signals support
  • Fanfiction Is Cringey & Beautiful — No Wonder It’s Having A Moment
  • Haunted Mansion ghosts make a few home improvements during Disneyland closure
  • Silver Room owner to open Bronzeville Winery this summer
  • Much ADU about nothing
  • Police report multiple victims in Tennessee school shooting
  • Covid survivor gets vaccinated and tests positive – a second time
  • This $2,200 rowing machine is poised to be the Peloton of at-home rowers — here’s why it’s worth the investment
  • Corporations caught in the middle of Florida election debate
  • The 9 best free business checking accounts
  • Toddler shot on Lake Shore Drive making ‘slow but steady progress,’ moving extremities: doctor
  • Family, records give glimpse of Joni Gunter’s life
  • 63 drug dealers, users identified in narcotics sweep, Jacksonville police say
  • Police report multiple victims in Tennessee school shooting
  • Biden nominee Wormuth would be first woman to lead Army
  • Biden nominee Wormuth would be first woman to lead Army
  • The 6 best spring cleaning products for kitchen and laundry appliances in 2021
  • We Tried The Viral Onion-Cutting Hack To Save You Some Tears
  • Former Chiefs assistant coach Britt Reid charged with DUI
  • Blake Bailey’s Philip Roth biography explores the novelist’s complicated relationships
  • Pentagon chief on inaugural tour of Europe to shore up ties
  • Ex-deputy gets 7 years for marijuana-warehouse robbery
  • Daily News top 5 City Section football rankings, April 12
  • This map shows the highest-paying job in every state, excluding doctors
  • DoE awards flogged on eBay as Prince Philip ‘merch’ takes off after his death
  • The global chip shortage is set to drag on. 4 experts predict how long it could last and how it could affect markets (TSMC, AAPL)
  • Dominic Calvert-Lewin would be a ‘fantastic’ signing for Manchester United, insists Rio Ferdinand
  • US budget deficit jumps to record $1.7 trillion this year
  • Biden tells execs US needs to invest, lead in computer chips
  • Biden tells execs US needs to invest, lead in computer chips
  • Did Prince Andrew Really Just Use Prince Philip’s Death to Sneak Back on TV?
© 2021 Usa News Post | WordPress Theme Ultra News