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March 8, 2017

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China again leads US in billionaires

CHINA has more billionaires than the United States for the second year and the two countries combined have half the number of billionaires in the world, according to the Hurun Rich List released yesterday.

As of January, the number of Chinese billionaires rose by 41 from a year ago to 609, while in the US the figure climbed by 17 to 552, the list showed.

The Hurun Global Rich List 2017 ranked 2,257 billionaires from 68 countries and regions and from 1,811 companies, and their total wealth jumped 16 percent to US$8 trillion. The combined net worth of the Chinese billionaires was US$1.6 trillion.

Wang Jianlin remains the richest man in China, with his wealth adding 15 percent to 205 billion yuan (US$30 billion) while his global ranking rose two notches to No. 19.

SF Express Chairman Wang Wei shot to third spot following a listing in February, which propelled his wealth to US$27 billion, just behind Wang Jianlin and Alibaba’s Jack Ma.

Baoneng Group Chairman Yao Zhenhua saw his wealth grow the fastest on the list, with his net worth rising almost eight-fold to US$15 billion.


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