SHANGHAI -- Shenzhen has overtaken New York as a top spot for billionaires, cementing China as the world's home to the super rich, according to an annual wealth list published Thursday.
The southern Chinese factory hub has 113 billionaires, edging out New York's 110 billionaires and placing it among the top three preferred cities globally for billionaires to live, with Beijing and Shanghai taking first and second place, respectively, said Shanghai-based Hurun Research Institute.
