Re:Beijing now has more billionaires than any city
by tablespoon on Monday April 12, 2021 @10:45PM
(#26787617)
> A like to like would show a much different comparison as the wealthiest parts of New York are outside the city proper.
But do the billionaires live there, or are they in multi-million dollar penthouses in Manhattan? You'd think people like that would concentrate in the most prestigious areas, so trying to adjust the comparison like that may not yield a much different result.
Re:Beijing now has more billionaires than any city
by jen20 on Tuesday April 13, 2021 @11:26AM
(#26793544)
> But do the billionaires live there, or are they in multi-million dollar penthouses in Manhattan?
North Jersey (especially Bergen County), Long Island and Westchester mostly. I'm sure there is some overlap with penthouse owners too.
A like to like would show a much different comparison as the wealthiest parts of New York are outside the city proper.
This is really a shame as there's an interesting story to be told about the recent growth of billionaires in China (and elsewhere) but it's been buried under a glop of poor reporting and wild comparison.