China Made 210 Billionaires in 2017 — The U.S. Only Made 19

Hurun Global Rich List 2018 recently published a report detailing that 210 billionaires emerged from China, Hong Kong, Macau and Taiwan in the past year, while the United States only added 19 to its list.


BEAMSTART

7 Mar, 2018

China Made 210 Billionaires in 2017 — The U.S. Only Made 19 | BEAMSTART News

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The total number of billionaires recorded around the globe is currently at 2,694.

With a combined net worth of $2.5 trillion, China has 819 recorded billionaires, which accounts for more than 30% of the billionaires in the world.

Of the 819 billionaires in the country, 131 of them live in China’s capital city of Beijing — 37 more than last year’s count — earning the title of the billionaire capital of the world for the third year in a row.

Beijing is followed by New York City on the list, with Hong Kong in the third spot, Shenzhen in fourth, and Shanghai in fifth place.

Photo via Flickr/TechCrunch (CC BY 2.0)

Hurun listed Tencent CEO, Pony Ma, as for the richest man in China — or in Asia — with a total net worth of $47 billion. Ma is followed by Evergrande Group founder, Xu Jiaying, with a net worth total of $41 billion, Shanghaiist reported.

Meanwhile, everyone’s favorite Michael Jackson-dancing CEO, Alibaba’s Jack Ma, took fourth place on the list with a total of $32 billion, after Hong Kong real estate tycoon, Lee Shau-kee, pushed him down from third place with a total net worth of $34 billion.

Yang Huiyan, 36, who serves as vice-chairman of Chinese property developer Country Garden Holdings, landed in fifth place. She is among the 80% of the world’s self-made female billionaires who make up the list, and holds a 55% stake in Country Garden.

However, in 2016, Hurun chairman Rupert Hoogewerf made a comment that there might be a few names missing on the list.

“For every billionaire that Hurun Report has found, I estimate we have missed at least two. Some people deliberately make their wealth a secret because … they gained it through illegal ways. Some others simply prefer to keep a low profile,” he said.


Author Info:
This article was first published by Bryan Ke on NextShark

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