Despite Russia’s ongoing financial crisis, Moscow is third in the world by the number of billionaire residents, independent thinktank the Hurun Institute reports.
The Hurun institute, which annually ranks China and other countries’ most wealthy entrepreneurs, reports that in 2015 only Beijing and New York have more billionaires than the Russian capital.
Moscow has 66 residents with a personal fortune of over a billion dollars, which is seven fewer than last year. Despite the small drop, the city still ranks ahead of Hong Kong, which has 64 billionaires and Shanghai, which has 50.
The list is compiled by ranking businessmen based on …read more
Source: Newsweek
