Beijing listed as billionaire capital of world once again

Beijing is listed as the billionaire capital of the world for the second year running, ahead of New York, and followed by Hong Kong and Shenzhen, according to the latest findings in the Hurun Global Rich List 2017 released on Tuesday.

Bill Gates remains the richest man in the world with a net wealth of $81 billion, and Warren Buffett held onto the second place with $78 billion. Jeff Bezos, founder and CEO of Amazon.com Inc, reached the top three for the first time, after his wealth surged 37 percent to $72 billion.

The total number of Chinese billionaires exceeded that of the United States for the second year running. China and the US, with 609 and 552 billionaires respectively, accounted for half of the billionaires worldwide, the report said.