China's Rich List Shows Rise In Billionaires
Filed under: Wealth
No matter what is going on in the world, some country is always churning out billionaires. RIght now it's China. The Hurun Report in Shanghai recently released its Hurun RIch List which shows that the ranks of China's wealthy are growing at a rapid rate. The cut-off for the list was raised by 50 percent up to $150 million and as the Wall Street Journal reports, it still grew by 180 people. On the list there are 130 U.S.-dollar-equivalent billionaires. Hurun Report publisher Rupert Hoogewerf suspects the list may actually not reflect just how many billionaires there are in China because he says that many have built up wealth in a more private way. Car-battery maker Wang Chuanfu sits at the top of the list with $5.1 billion and China's richest woman, paper-recycling tycoon Zhang Yin is right after him in the second slot.
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