 In December 2012, the city was ranked second on a list of top places to found a high tech startup company, just behind Silicon Valley.In 2013, Tel Aviv had more than 700 startup companies and research and development centers, and was ranked the second-most innovative city in the world, behind Medellín and ahead of New York City.According to Forbes, nine of its fifteen Israeli-born billionaires live in Israel; four live in Tel Aviv and its suburbs.