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.
The total number of billionaires recorded around the globe is currently at 2,694.
Chinese billionaires added more to their wealth than the rest of the world in 2017, according to a new report.
The Bloomberg Billionaires Index — a daily ranking of the world’s 500 richest — reported that all 38 Chinese billionaires added $177 billion to their fortune, the largest gain among 49 countries listed.
Asia is now leading the world in the most number of billionaires, even surpassing the United States for the very first time, a new study has revealed.
A report released by financial institution UBS and global auditing firm PricewaterhouseCoopers on Thursday indicated that the world’s billionaires increased their wealth by 17% to $6 trillion based on 2016 data.
Zetian Zhang, also known as “Milk Tea Sister”, was named China’s youngest female billionaire in May by New Fortune magazine at the age of 24.
Zhang married Richard Liu Qiangdong, founder and CEO of Chinese e-commerce giant JD.com, back in 2015, and has helped drive company growth by actively promoting its fashion and luxury portfolios.
U.S. President Donald Trump may have accused China of manipulating currency and stealing American jobs, but that rhetoric is not stopping Chinese billionaires from making more money today.
Data from the Bloomberg Billionaires Index showed that the 36 Chinese billionaires it tracks have increased their fortune by 13.2% since Trump was elected on November 8. That’s a $39.2 billion bump that puts their combined net worth to a whopping $336 billion.