Moscow: new world capital for billionaires

0 Comments | AFP, March, 2008

NEW YORK (AFP) — Moscow has overtaken New York City as home to the most billionaires, according to Forbes magazine, with 74 of the super-rich elite now counting the Russian capital as their home.

By contrast, 71 billionaires live in New York, according to the magazine's annual list, which placed London in third place with 36.

"Russia is again the dominant story in (Europe) this year. Its billionaires are just fast and fearsome. What's fascinating is that every single one of them is self made," said Forbes senior editor Luisa Kroll.

"We're not going to get into exactly how they got it but none of them inherited it and their average age is 46," she added.

Russia now counts a total of 87 billionaires, ousting Germany in second place but still trailing...