Named US city with the largest concentration of billionaires per capita - ForumDaily
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Named US city with the largest concentration of billionaires per capita

San Francisco is named the city with the largest concentration of billionaires per capita. This is stated in the study of Wealth-X, writes Money.

Фото: Depositphotos

According to the data, out of every 11 612 people in San Francisco, one billionaire. In New York, in the second largest city, there are one billionaire people on 81 211.

Dubai, Hong Kong and Los Angeles were also in the top five cities where the highest density of billionaires was found.

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The density of ultra-rich people makes San Francisco close to Silicon Valley and a relatively small population compared to other major cities, explains Maen Shaban, director of research and data analysis at Wealth-X.

According to Shaban, despite the fact that the technology industry is mainly based along the bay from San Jose to Mountain View and Palo Alto, many technology company leaders prefer to live in San Francisco and travel to these areas for work.

The Wealth-X report on 2018 for the year says that over the past few years, the percentage of American billionaires in the Gulf region has increased.

But the greater the percentage of the population of billionaires, the greater the inequality in income. San Francisco ranked sixth in terms of income inequality among all American cities. In recent years, housing shortages and poverty in San Francisco have led to an increase in the percentage of homeless people in the city.

The gap between the rich and the poor can become larger. Uber, based in San Francisco, announced that it is going to make an IPO. This move will make a number of company executives richer, but drivers are concerned that the IPO will have a negative impact on wages and the lack of benefits, as the company continues to lower wages in order to achieve profitability.

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Previously, thousands of drivers Uber and Lyft protested around the world to solve these problems. Drivers in San Francisco met in front of Ube headquarters, demanding pay increases, greater transparency regarding payment methods, and more.

«Жить в Сан-Франциско дорого, и с появлением в городе новых миллионеров и миллиардеров жить будет все дороже. Генеральному директору Uber в прошлом году заплатили почти 50 миллионов долларов. При этом водители должны спать в своих машинах, в то время как руководители живут в своих особняках”, — говорит Mustafa Macland, Uber driver from San Francisco, who went on strike.

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