Wednesday, February 24, 2016

Beijing overtakes NYC as 'Billionaire Capital of the World'

BEIJING (AP) — Move over, New York City: Beijing is the new "Billionaire Capital of the World."
The Chinese capital has overtaken the Big Apple as home to the most billionaires — 100 to 95 — according to Hurun, a Shanghai firm that publishes a monthly magazine and releases yearly rankings and research about the world's richest people and their spending habits.

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