Hong Kong is now the world’s multi-millionaire and billionaire capital after outranking New York as the city with the most ultra-wealthy residents, a new report from net worth intelligence and data company Wealth-X suggests.
According to the sixth edition of the World Ultra Wealth Report, Hong Kong’s population of people worth at least $30 million (ultra-high net-worth individuals) is now 10,010 which equates to a 31% increase from last year, Business Insider reported.
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.
The elite title is now being held by Tencent founder Ma Huateng, AKA Pony Ma, who currently has an estimated net worth of $37.4 billion. He just edged out the Alibaba CEO, who now has $36.2 billion, by over $1 billion.
Jack Ma just became $2.8 billion richer overnight after Alibaba Group’s value jumped by 13.3% on the New York Stock Exchange by Friday morning.
The Alibaba CEO, who now has a net worth of $41.8 billion, jumped several notches on the Bloomberg Billionaires Index, landing on #14. Currently China’s richest man, Ma has definitely gained a comfortable lead over his rival, Wang Jianlin ($31.5 billion), Bloomberg reports.
A Chinese national in Malaysia who proclaimed himself as the “future richest man in the world” has organized a charity dinner attended by around 1,000 guests.
Zhang Jian held his dinner party at Chai Leng Park in Butterworth, Penang, on Sunday, promising guests a RM 1,000 ($235) incentive if they show up with the “right look.”
Wang Wei is the founder of SF Express, a company that came to be known as “China’s FedEx”.
This map shows the richest person in each state of the US. Courtesy of real estate blog Movoto, you can see that the gap between even the richest in America is pretty large.
Bill Gates is sitting up in Washington as the richest in the U.S. and the world, while the “poorest” rich person lives in Alaska. Not everyone made their money the same way either; they are all either entrepreneurs, heirs or heiresses, and widows. Sam Walton, the founder of Wal-Mart, is responsible for three of those heirs in Arkansas, Texas and Wyoming.