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Beijing overtakes NY as city with most billionaires

Despite a 40% plunge of the Shanghai benchmark last year, China’s prodigious wealth growth persists as Beijing overtakes New York as the city with the most billionaires, notes a recent report. Shanghai research firm Hurun revealed that Beijing added 32 new billionaires last year to total 100, surpassing New York’s 95. The results were based on equity prices as of January 15,…

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