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London leads world's cities in number of billionaires

With 77 billionaires, it's ahead of New York (61) and San Francisco (57) on The Sunday Times' Rich List 2016

Published Mon, Apr 25, 2016 · 09:50 PM

London

LONDON has more billionaires - measured in pounds sterling - than any other city in the world, according to The Sunday Times newspaper's Rich List 2016.

Some of the richest tycoons in Britain have lost vast chunks of their fortunes because of a retail slump, sinking oil prices and the steel industry crisis, the paper said.

Nevertheless, the overall fortune of the 1,000 wealthiest …