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Moscow is the city with the most billionaires in the world

In 2008, Moscow had 74 billionaires with an average wealth of $5.9 billion, which placed it above New York's 71 billionaires. However, as of 2009, there are only 27 billionaires in Moscow compared with New York's 55 billionaires.

Overall, Russia lost 52 billionaires during the recession List of Russian billionaires by net worth. Topping the list of Russia's billionaires in 2009 is Mikhail Prokhorov with $9.5 billion, ahead of the more famous Roman Abramovich with $8.5 billion, in 2nd place.

Prokhorov's holding company, "ОНЭКСИМ" (ONEKSIM) group, owns huge assets in hydrogenium energy, nanotechnology, traditional energy, precious metals sector, while Abramovich, since selling his oil company Sibneft to Russian state-controlled gas giant Gazprom in 2005, has bought up steel and mining assets. He also owns Chelsea F.C.

Oleg Deripaska, the 1st on this list in 2008 with $28 billion, was only 10th in 2009 with $3.5 billion.

Based on Forbes' 2011 list of the world's billionaires, Moscow is the city with the most billionaires in the world, with 79 from 115 in all of Russia.

The nouveau riche, also called the "New Russians", often in a derogatory sense, have a reputation for flaunting their wealth; the avenues for doing so have also increased in recent times - a sense of fashion and self-consciousness has instilled itself through the many haute couture and haute cuisine spots in Moscow.

Read more: http://www.answers.com/topic/moscow#ixzz20KKukMhm
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