There are even more dollar billionaires in Russia

The Chinese Hurun Research Institute has released another Global Rich List rating. It follows that Indian Mumbai has surpassed the Chinese capital Beijing in terms of the number of billionaires living there, taking third place in the world rankings after New York and London. In Russia, according to Chinese researchers, six dollar billionaires were added over the past year, which allowed it to remain in the top 10 – in seventh place with 76 billionaires. The authors of the rating also note the growing “migration of billionaires.” Among the most preferred countries for it they name the USA, Great Britain, Switzerland and Singapore.

In the annual Global Rich List ranking from the Chinese Hurun Research Institute reportedthat over the past year, the number of dollar billionaires worldwide has grown by 167 people and reached a total of 3,279 people. The total wealth of billionaires also increased (by 9%) and amounted to $15 trillion.

The wealth of billionaires working in the financial sector (+10%), consumer goods (+8%), food and beverages (+7%) and real estate (+7%) grew most rapidly. The combined wealth of billionaires from the media and entertainment industry showed good growth (+$226 billion), surpassing even the wealth of billionaires from the high-tech industry (+$149 billion), financial services (+$118 billion) and retail trade (+$104 billion). The situation is worse for billionaires working in the field of healthcare and medicine – their total wealth, according to Hurun’s calculations, decreased by $75 billion. The overall wealth of entrepreneurs working in the field of industrial products also decreased (-$46 billion).

Chinese researchers reported that in the PRC over the past year the number of dollar billionaires decreased by 155 people, to 814. Nevertheless, in the Hurun ranking, China retained first place in the world in the number of billionaires living there. The United States remained in second place, which, however, came very close to China (+109 dollar billionaires, total number 800). India retained third place, where over the past year there were 84 more billionaires, and the total number was 271. The top five was completed by Great Britain (146) and Germany (140).

Russia, with 76 dollar billionaires, is in seventh place in the Hurun ranking after Switzerland (106). “Russia added six dollar billionaires over the year, despite the fact that the ruble fell by 21%,” says the Chinese ranking. “Things were best in the metallurgy, mining and energy sectors, but for financial services the past year was not easy.”

The Chinese Institute estimated the total wealth of Russian billionaires at $341 billion.

The largest number of Russian billionaires are employed in metallurgy and mining (17 people), energy (9 people), as well as in such industries as the chemical industry, investments and real estate (each with 7 people).

Moscow also retained its place in the top ten cities in the world with the largest number of billionaires – 59 people (+2). New York was in first place (119, +14), London was in second (97, +10). But Beijing lost third place to Indian Mumbai, dropping to 4th place. If in the Chinese capital there were 18 fewer dollar billionaires since last year, and the total number reached 91, then in the Indian metropolis 26 new billionaires were added, and the total number was 92. Shanghai was also included in the top ten cities with the largest number of billionaires (5th place, 87 billionaires, 16 less than a year earlier), Shenzhen (6th place, 84, -10), Hong Kong (7th place, 65, -12), New Delhi (9th place, 57, +18) and Sun -Francisco (10, 52, -2).

Chinese researchers named “migration of billionaires” as one of the main trends in the current ranking. “The migration of billionaires is intensifying. If in last year’s Hurun Global Rich ranking there were 9% of immigrant billionaires, then in the current one there are already 15%, the authors note. “The most preferred destination for such migration is the United States, with the UK in second place in popularity. They are followed by countries such as Switzerland and Singapore.”

Evgeny Khvostik