Sunday, March 3, 2013

Chinese entrepreneurs on the short list of the super-rich

The last Hurun report found that Asia had 608 dollar billionaires, compared with North America's 440 and 324 in Europe. It is believed to be the first time Asia has been named as home of the largest proportion of super-rich on any global list.

China ranked second with 317 super-rich individuals, which the report noted were "all self-made" and, with an average age of 58, were on the younger end of the spectrum. The Sino super-rich make their billions predominantly from real estate, manufacturing and investments, said the report. Seven of the top 20 real estate tycoons on the list live in China, a stat it attributed to the urbanisation boom in recent years.

Hong Kong real estate tycoon Li Ka-Shing kept his title of Asia's richest man with $32 billion, ranking him the seventh wealthiest person in the world.

Zong Qinghou, who heads soft-drink producer Wahaha, and Wang Jianlin of property developer Wanda were the only two from mainland China to make it into the top 100.

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