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Designer Ralph Lauren is No. 13 on the list of richest people in New York.
- New York City is a well-established home for real estate businesses and media conglomerates - along with the firms that invest in them.
- According to Forbes real-time billionaire data, the list of the 25 richest people in New York mainly includes Wall Street's moguls, along with billionaires in fashion and food businesses.
- Two out of the three top seats belong to media moguls, with Michael Bloomberg in first and Rupert Murdoch in third.
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New York is home to many of the United States' real estate moguls, media empires, and hedge fund billionaires.
NYC held the majority of the world's ultra wealthy population for years - until it was surpassed by Hong Kong in 2018. Still, with Billionaire's Row for real estate, Wall Street for the stock exchange, and Fifth Avenue for fashion, many of the world's richest individuals still work - and often live - in Manhattan.
For the purposes of this list, we included individuals and families whose companies are based in Manhattan. These constraints left many notable tech titans out of the ranking, as the majority dwell in Silicon Valley. Likewise, though billionaire Ken Griffin purchased a $238 million Central Park penthouse, his hedge fund Citadel is based in Chicago. Notable family dynasties - such as the Waltons - also have companies based outside the Big Apple, leaving the bulk of the list to Wall Street brokers and real estate moguls.
Keep reading for a look at the 25 richest people in New York.