Friday 1 March 2013


Moscow Is Billionaires' Capital of the World

THE DAILY TELEGRAPH: Moscow has the greatest number of billionaires of any city in the world, according to a global rich list, with London in fifth place.

The Russian capital – known for its oligarch ghettos and glitzy boutiques - can boast 76 dollar billionaires, compared to New York's 70 and Hong Kong's 54. London comes fifth with 40, just behind Beijing with 41.

The list, compiled by Chinese luxury publishing group Hurun Report, found the United States has the greatest number of uber-wealthy with 409 billionaires, compared to China's 317 and third-place Russia with 88. The UK trails in fifth place with 56 "members of the Nine-Zero Club".

Carlos Slim, 73, the Mexican telecoms tycoon, takes top spot as the "Richest Man on the Planet" with a staggering personal fortune of $66bn (£43bn). Second comes US investor Warren Buffet, 82, with $58bn. Microsoft owner Bill Gates places fourth with $54bn.

Moscow's reputation as a fountain of new wealth since the fall of the Soviet Union was enhanced once more as it was ranked billionaire capital of the world. Continue reading and comment » | Tom Parfitt, Moscow | Thursday, February 28, 2013