China has second-most billionaires in the world

China has second-most billionaires, with Hong Kong, Beijing, Shenzhen and Hangzhou ranking among top 15 billionaire cities, according to research company Wealth-X’s latest Billionaire Census report on Thursday.

China had 285 billionaires with their total wealth reaching $996 billion in 2018, while the United States had 705 billionaires, the highest, with net worth of $3.013 trillion, said the report.