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Pelosi’s San Francisco Boasts Most Billionaires Per Capita of Any City in the World

By Craig Bannister | May 10, 2019 | 9:30am EDT
Rep. Nancy Pelosi (Screenshot)

House Speaker Rep. Nancy Pelosi’s (D-Calif.) San Francisco has the greatest billionaire density of any city in the world, a new wealth study reveals.

Pelosi, who represents California’s 12th Congressional District, lives in San Francisco, a city with the most billionaires per capita, by far, of any city on Earth, the latest annual study by Wealth-X finds.

In 2018, San Francisco had one billionaire for every 11,612 inhabitants, followed by New York, which had one for every 81,311 residents. Los Angeles was the only other U.S. city to make the top ten (#5).

Billionaire Density (inhabitants per billionaire) in 2018:

  1. San Francisco 11,612
  2. New York 81,311
  3. Dubai 84,007
  4. Hong Kong 84,962
  5. Los Angeles 101,957
  6. London 135,198
  7. Hangzhou 143,677
  8. Singapore 143,904
  9. Moscow 176,145
  10. Beijing 223,000
  11. Shenzhen 294,636
  12. Tokyo 317,750
  13. Mumbai 327,431
  14. Sao Paulo 362,661
  15. Istanbul 462,629

The study attributes San Francisco’s dominance in billionaire density to “the size and scale of the tech sector in a city of less than one million inhabitants.”

The total number of billionaires in the U.S. increased 3.7% to 705 in 2018, accounting for 27% of the global billionaire population and 35% of total billionaire wealth worldwide. U.S. billionaire wealth declined 4.9% to $3,013,000,000,000 – but, still exceeded that of the next eight countries combined.

 

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