As of 2020, China was second in the world, after the US, in total number of billionaires and total number of millionaires, with 698 Chinese billionaires and 4.4 million millionaires. In 2019, China overtook the US as the home to the highest number of people who have a net personal wealth of at least $110,000, according to the global wealth report by Credit Suisse. According to the Hurun Global Rich List 2020, China is home to five of the world's top ten cities (Beijing, Shanghai, Hong Kong, Shenzhen, and Guangzhou in the 1st, 3rd, 4th, 5th, and 10th spots, respectively) by the highest number of billionaires, which is more than any other country. China had 85 female billionaires as of January 2021, two-thirds of the global total, and minted 24 new female billionaires in 2020.