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Pelosi's San Francisco Has Highest Concentration of Billionaires in the World

Democratic House speaker's city also boasts world's filthiest slums

 on 11th May 2019 @ 6.00pm
nancy pelosi s san francisco has more billionaires per capita of any city in the world © press
Nancy Pelosi's San Francisco has more billionaires per capita of any city in the world

Democratic House Speaker Nancy Pelosi's San Francisco has more billionaires per capita than any other city in the world, new data shows.

A new wealth study has revealed that Pelosi's home has the highest concentration of billionaires, by far, when compared to all other cities on Earth.

The latest annual study by Wealth-X finds that the Californian city has over seven times the density of billionaires to New York City, which comes in second place.

San Francisco had one billionaire for every 11,612 inhabitants in 2018, followed by New York, which had one for every 81,311 residents.

Los Angeles was the only other U.S. city to make the top ten and comes in at number five.

Pelosi, who represents California’s 12th Congressional District, lives in San Francisco, which, aside from its record-breaking number of billionaires, is also home to some of the world's filthiest slums.

the study attributes the number to the city s resident tech companies and their super wealthy executives © press
The study attributes the number to the city's resident tech companies and their super wealthy executives

Billionaire Density (inhabitants per billionaire) in 2018:

  1. San Francisco 11,612
  2. New York 81,311
  3. Dubai 84,007
  4. Hong Kong 84,962
  5. Los Angeles 101,957
  6. London 135,198
  7. Hangzhou 143,677
  8. Singapore 143,904
  9. Moscow 176,145
  10. Beijing 223,000
  11. Shenzhen 294,636
  12. Tokyo 317,750
  13. Mumbai 327,431
  14. Sao Paulo 362,661
  15. Istanbul 462,629

The study attributes San Francisco’s high density of billionaires to “the size and scale of the tech sector in a city of less than one million inhabitants.”

In 2018, the total number of billionaires in the U.S. increased by 3.7 percent to 705, accounting for 27 percent of the global billionaire population and 35% of total billionaire wealth worldwide.

Total billionaire wealth in the United States declined 4.9 percent to $3,013,000,000,000 – but it still exceeded that of the next eight countries combined.

pelosi s san francisco has also become home to some of the world s filthiest slums © press
Pelosi's San Francisco has also become home to some of the world's filthiest slums

In stark contrast, however, a study last year found that San Francisco has become home to some of the world's filthiest slums.

The Californian city has been found to have dirtier conditions than slums found in third world countries such as India or Kenya. 

According to an investigation by NBC, large areas of the city are covered in needles and feces, as hospitals are struggling to cope with the influx of patients that have fallen ill as a result of the contamination from the third-world living conditions.

The Investigate Unit spent three days assessing conditions on the streets of downtown San Francisco and discovered trash on each of the 153 blocks surveyed.

While some streets were littered with items as small as a candy wrapper, the vast majority of trash found included large heaps of garbage, food, and discarded junk.

The investigation also found 100 drug needles and more than 300 piles of feces throughout downtown.

[RELATED] San Francisco Declared One of the Filthiest Slums in the World

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