Beijing is home to the world's most billionaires, pushing New York City out of the top slot it had held for years, according to the Hurun Global Rich List 2016.
Beijing is home to 100 billionaires
Wang Jianlin of Dalian Wanda is the richest Chinese.
Wang Jianlin of Dalian Wanda, one of China's top real estate developers, was the wealthiest Beijing resident with a net worth of $26 billion.
New York's top billionaires were businessman David Koch and Michael Bloomberg, the city's former mayor and media company owner.
And the combined net worth of US billionaires is still nearly double that of Chinese billionaires,for a total of $2.4 trillion, just a little less than the GDP of France.