Moscow Now Has More Billionaires Than NYC
Here's the full list of the World's Billionaires.
According to another report on the Forbes list, Moscow has overtaken New York City as home to the most billionaires, with 74 of the super-rich elite now counting the Russian capital as their home. By contrast, 71 billionaires live in New York, according to the magazine's annual list, which placed London in third place with 36.
Russia now counts a total of 87 billionaires, ousting Germany in second place but still trailing the first-placed United States, which has 469.
"Russia is again the dominant story in (Europe) this year. Its billionaires are just fast and fearsome. What's fascinating is that every single one of them is self made," said Forbes senior editor Luisa Kroll.
"We're not going to get into exactly how they got it but none of them inherited it and their average age is 46," she added.