New York, with 103 billionaires, was the world’s top billionaire city in 2017, followed by Hong Kong (83) and San Francisco (74), according to a report released by research company Wealth-X.

Beijing recorded the second-largest increase in billionaire population after Hong Kong, adding an additional 19 individuals last year. Its total of 57 billionaires is now ranked sixth among the world’s top 10 billionaire cities.

Shenzhen, South China's Guangdong province, tied with Mumbai for the ninth place. The number of billionaires rose from 23 in 2016 to 39, underlining Shenzhen’s reputation as one of the world’s most dynamic and prosperous urban centers.

Let's take a look at the top 10 cities with most billionaires last year.

No 9 (tie) Shenzhen (39 billionaires)