New York loves rich people, and rich people love it right back.
You’d be surprised which two cities battle year after year for the title of most billionaires in the world. The current champion is New York, with nearly 60 super extra-disgustingly rich people and counting. (I’m lookin’ at you Jay-Z.*)
NYC’s richest resident is the manufacturing/energy tycoon David Koch, with a worth valued at around $21.5 billion, but dozens more have breached the nine-zero barrier. Meaning that: (1) opportunities in the Big Apple abound for bright people with big ideas and loads of potential and (2) Wall Street has bamboozled the pants off of us. Literally. (My legs are cold.)
But what top-ranked New York boasts in billionaire fashion icons (Ralph Lauren), media moguls (Rupert Murdoch) and wealthy mayors (Michael Bloomberg), our number-two billionairest city complements with post-communist mafiosos and carpetbagging opportunists.
Maybe that’s a harsh critique of Moscow. Or maybe Moscow’s richest man in 2004, oil magnate Mikhail Khodorkovsky, was jailed nine years for fraud. I’m not sayin’, I’m just sayin’.
In any case, NYC and Moscow (with 50 or so billionaires of its own) routinely flip-flop in the world rankings, due to largely to Muscovites’ innovation and foresight, with a sprinkling of fraud and nice side helping of shady dealing.
Come to think of it, it’s not all that surprising that the home of Wall Street is at the top of that list.
*Jay-Z is it not a billionaire just yet, but he’s about five rhymes away.
How Do We Know All This? Cuz we’re brilliant. Also:
Go on, read the Economic Times‘ top 10 billionaire cities. It’s the only time you’ll see Dallas on the same list as London, Hong Kong and Moscow.
Forbes has this great slideshow, “Faces of the Super Wealthy.” Or what we like to call, “Faces of People We’d Sure Like to Slap.”
-Justin Sanders, Serious Coin contributor
Photo credit: Peter Adams/The Image Bank/Getty Images