NYC Loses Billionaire Crown To This City

New York City has lost its billionaire crown to another major city.

“Beijing has overtaken New York City as the world’s capital for billionaires, according to a report released Wednesday by a Shanghai-based research and media outlet.

Over the course of the last year, 32 new billionaires took up residence in Beijing, propelling the Chinese capital past the Big Apple for the No. 1 spot on the Hurun Report’s annual Global Rich List.” [READ MORE]