China's wealth surges(again)

Discussion in 'Economics' started by Grandluxe, Sep 8, 2011.

  1. September 7th, 2011
    02:00 PM ET

    China's billionaires double
    CNN

    The number of billionaires in China has doubled in the past two years, according to the latest rich list by Hurun Report magazine, giving China the second-largest number of billionaires in the world.

    Liang Wengen, chairman of construction company Sany, topped this year’s list with a fortune worth about $11 billion. He is now one of 271 US dollar billionaires on the list – up from 130 in 2009 – meaning China is now second only to the United States by this measure.

    According to this year’s list, four of the top 10 made their fortunes in property, while a fifth made his in property and investments. The youngest on the list is Ohio State University graduate Yang Huiyan, majority shareholder of Country Garden Holdings, who is aged just 30.


    http://globalpublicsquare.blogs.cnn.com/2011/09/07/china-billionaires-double/?hpt=hp_bn1