At 609, China has more billionaires than the U.S.
March 13, 2017 Category Macro-economy, Weekly
China has more billionaires than the United States for the second year in a row and the two countries combined have half the number of billionaires in the world, according to the Hurun Rich List released on March 7. As of January, the number of Chinese billionaires rose by 41 from a year ago to 609, while in the U.S. the figure climbed by 17 to 552, the list showed. The Hurun Global Rich List 2017 ranked 2,257 billionaires from 68 countries and regions and from 1,811 companies, and their total wealth jumped 16% to USD8 trillion. The combined net worth of the Chinese billionaires was USD1.6 trillion. Wang Jianlin remains the richest man in China, with his wealth increasing 15% to CNY205 billion, while his global ranking rose two notches to no. 19. SF Express Chairman Wang Wei shot to third spot following the listing of his company in February, which propelled his wealth to USD27 billion, just behind Dalian Wanda’s Wang Jianlin and Alibaba’s Jack Ma. Baoneng Group Chairman Yao Zhenhua saw his wealth grow the fastest on the list, with his net worth rising almost eight-fold to USD15 billion, the Shanghai Daily reports. Beijing was listed as the billionaire capital of the world for the second year running, ahead of New York, and followed by Hong Kong and Shenzhen. “Shenzhen and Hong Kong now have one of the highest concentrations of wealth in the world, ahead of even California, the state with the most billionaires in the U.S.,” according to Rupert Hoogewerf, Chairman and Chief Researcher of the Hurun Report. China added 41 billionaires over last year and their average age was 58, younger than the global average of 64. In China, the real estate sector generated the biggest number of billionaires, followed by the manufacturing, technology, media, and telecom industries. 15% of the billionaires were women. Among the 152 women who made their fortunes by themselves globally, Chinese led the way with 121, the China Daily added.
- KURT VANDEPUTTE (UMICORE) APPOINTED CHAIRMAN OF THE BOARD OF THE FLANDERS-CHINA CHAMBER OF COMMERCE (FCCC)
- Webinar: “Knowing Your Chinese Partner” – May 26, 2021, 10 am – 12 am
- EMA starts rolling review of CoronaVac, WHO approves Sinopharm vaccine for emergency use
- The Global Times warns not to politicize the Comprehensive Agreement on Investment (CAI)
- Hainan to become biggest duty-free market in the world