Eleven Billionaires Living Each In Dubai, Dallas And San Francisco

New research reveals the top cities for millionaires and billionaires and Dubai features among the top 20 city- list of billionaires, in the world. The London based wealth consultancy Wealthinsight has released a comprehensive list of the top 20 cities for millionaires and billionaiires worldwide. With 11 billionaires living in Bubai, the emirates ranks at No 16 in Wealthinsight ranking of the global cities with most billionaires, along with Dallas and San Francisco, which too have 11 billionaires each, according to the report. A Forbes ranking of billionaires in March said the UAE had seven billioniares in all, but this new Wealthinsight repoert suggests thee are 11 billionaires in Dubai alone, which is ranked ahead of Houten and Sao Paola( 10 billionaires each). New York tops the list of the cities with most billionaires, with 70 of its residents claiming to support that ceveted status, followed by Moscow with 64 billioniares and London with 54 billionaires. Rounding up the top five global cities with most billionairare are Hong Kong (40) and Beinjing (29). India's commercial capital Mumbai features at No 6 in the global billionaire ranking, boating of no less than 26 billionaires among its residents. Mumbai is followed by Istanbul (24), Shanghai (23), Paris (22), and Los Angeles and Shenzen (19 billionaire each) in the top 10 billionaires list. According to other ranking published by Wealthinsight as part of the report, Tokyo tops the list of 20 top cities for the world's millionaires with 461,000 number at the end of 2012, followed by New York (389,000)millionaires while, London, Paris and Frankfurt round out the top five. The report further said that Tokyo tops the millionaires list and is surprisingly above New York. This is partly due to the fact that many wealthy New Yorkers live off the island in cities in cities such as Greenwich.