Support The Moscow Times!

Moscow Is Home to the World’s Third-Largest Number of Billionaires

The Russian capital has 71 super-rich residents, behind New York and Hong Kong.

Moscow is one of the world's most expensive cities for ultra-prime property. Sergei Kiselyov / Moskva News Agency

Moscow ranks third among the world’s cities for its number of billionaire residents, after New York and Hong Kong, according to a recent study from real estate agency Savills. 

Forbes’ real-time ranking currently lists 607 billionaires in the United States, 99 in Russia and 71 in Hong Kong.

Savills said Moscow has 71 billionaires, New York 85 and Hong Kong 79. Beijing was next on the list with 61, followed by London with 55.

It is no coincidence that many of the cities with the largest number of billionaires are also among the most expensive in the world for ultra-prime residential property,” Savills said in the report.

Still, ultra-prime residential property values in Moscow have fallen over the past five years at the second-fastest pace after London, and now stand at $2,410 per square foot.

Sign up for our free weekly newsletter

Our weekly newsletter contains a hand-picked selection of news, features, analysis and more from The Moscow Times. You will receive it in your mailbox every Friday. Never miss the latest news from Russia. Preview
Subscribers agree to the Privacy Policy

A Message from The Moscow Times:

Dear readers,

We are facing unprecedented challenges. Russia's Prosecutor General's Office has designated The Moscow Times as an "undesirable" organization, criminalizing our work and putting our staff at risk of prosecution. This follows our earlier unjust labeling as a "foreign agent."

These actions are direct attempts to silence independent journalism in Russia. The authorities claim our work "discredits the decisions of the Russian leadership." We see things differently: we strive to provide accurate, unbiased reporting on Russia.

We, the journalists of The Moscow Times, refuse to be silenced. But to continue our work, we need your help.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and every contribution makes a significant impact.

By supporting The Moscow Times, you're defending open, independent journalism in the face of repression. Thank you for standing with us.

Once
Monthly
Annual
Continue
paiment methods
Not ready to support today?
Remind me later.

Read more