China Passes US in Number of Billionaires


Although the Chinese economy has been cooling over the last few months, there are now more billionaires in China than in the US.

Survey finds China passes US in number of billionaires

BEIJING (AP) — China has passed the United States in the number of billionaires, driven by the rise of fortunes in technology and manufacturing, according to a survey released Thursday. Despite a cooling economy, the number of Chinese billionaires rose by 242 this year to 596, according to The Hurun Report, which follows China’s wealthy. It said that surpassed the 537 the company found in the United States. The report reflected the success of online retailing, entertainment and other service
See all stories on this topic

Leave a Comment