Business & Tech

A Fifth Of America's Billionaires Call New York Home

The annual Forbes list of the world's billionaires shows a lot of them live in New York.

NEW YORK, NY – Nearly a fifth of America's billionaires calls New York home, the latest Forbes' list of the ultra-wealthy reports. Of 585 Americans on the 32nd annual report, 109 live in the state.

Jeff Bezos is at the top of Forbes’ billionaires list for 2018, dethroning fellow Seattle-area billionaire Bill Gates, who lost the top spot for only the sixth time since 1995.

The list has 2,208 members from 72 countries. The United States leads the way with the most billionaires in the world, followed by China with 373. The U.S. also had 18 newcomers featured on the 2018 list.

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In New York, David Koch is the wealthiest, his $60 billion worth putting him in eighth place in the world. New York City's former mayor, Michael Bloomberg, takes 11th spot with $50 billion.

According to Forbes, Bezos is the first centi-billionaire at the top of the list, meaning he has a fortune of over a $100 billion. Forbes explains just how much wealth these billionaires have, being worth a combined $9.1 trillion. The top 20 people on the list alone are worth $1.2 trillion, 13 percent of the total fortune of all billionaires worldwide.

Find out what's happening in New York Cityfor free with the latest updates from Patch.

See New York's billionaires here.

The top 10 billionaires in the world are:

The Forbes billionaires list provides a look at wealth using stock prices and exchange rates from Feb. 9, 2018. Forbes values assets like private companies, art, real estate and more. Read more about Forbes methodology here.

See the full list of billionaires here.

Lead image by Christophe Ena/Associated Press

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