AI‑fuelled boom lifts global billionaire count, Hong Kong retains top spot in Asia

Hong Kong maintained its lead as the Asian city with the most billionaires last year, though mainland Chinese cities were quickly catching up thanks to wealth accumulation from the artificial intelligence boom, according to New York-based Altrata.

Globally, Hong Kong ranked second in number of billionaires behind New York, while Beijing and Shenzhen secured spots among the top 15 cities, according to the data company.

While Hong Kong’s aggregate billionaire net worth continued to climb, the...