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Beijing now has more billionaires than New York

Despite of economic slowdown, China created more billionaires in 2015. And for the first time ever, Beijing kicked New York City out of the top spot, becoming the billionaire capital of the world. Beijing is now home to 100 billionaires, an increase of 32 from 2014, topping New York, which has 95 billionaires, four more than it did last year.

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