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Moscow Is No Longer The 'Billionaire Capital Of The World'

Julie ZeveloffFeb 26, 2014, 22:28 IST

Meredith Galante/Business Insider

For the first time, New York City has surpassed Moscow for the most billionaire residents, according to the latest global rich list from Hurun, a group that tracks wealth in China.

According to Hurun, New York added 14 billionaires this year, bringing its total to 84. Moscow, meanwhile, lost a billionaire, lowering its headcount to 77.

The U.S. is home to the most billionaires - 481 - followed by China, with 358 billionaires. More than half (51%) of all billionaires now live in Asia, according to Hurun.

The following table shows where the most billionaires live by country and city, and their change year-over-year:

Hurun