The founder of Alfa Group and the largest shareholder of the Luxembourg Letter One holding, Mikhail Fridman is the richest resident of London, Forbes American edition reports.

Axar.az reports citing TASS.

Magazine's experts calculated based on the new global ranking of the richest people in the world, where the most number of billionaires resides, and named the richest residents of these cities.

In London, there are 55 billionaires, with the total fortune of $226 bln, Russian Mikhail Friedman, the co-owner of Alfa Group is the richest of them all - his fortune is estimated at $15 bln. This is the first time that Fridman has been named the richest Londoner. Previously, that top spot was held by the owner of Access Industries Leonard Blavatnik, who was born in the Soviet Union. He now resides in New York City.

Forbes Magazine also noted that Moscow is consistently among the top three cities in which live the largest number of billionaires. In 2019, Forbes located 71 billionaires in the Russian capital, the richest of whom is the chairperson of the board of Novatek, Leonid Mikhelson. In the 2019 ranking on this indicator, Moscow was ahead of only New York and Hong Kong.

In an interview with Forbes in 2017, Fridman said that he predominantly works in London. "I am a UK tax resident. I also have Israeli citizenship, but I don't live there. I live in London," said he.