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China has more billionaires than US: Hurun Report
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CHINA'S Hurun Report said the country has currently 568 billionaires surpassing the United States' 535, owning the largest population of billionaires in the world.
The Hurun Report, a monthly magazine best known for its "China Rich List", a ranking of the wealthiest individuals in China. The "godfather" of the list is Rupert Hoogewerf, a qualified chartered accountant.
According to Hurun, the number of China's billionaires first beat the US in August, and grew by a total of 90 last year.
Wang Jianlin, chairman of the Dalian Wanda Group won the richest man in China again with US$26 billion.
The main source of wealth for China's billionaires is real estate, producing 117 billionaires, while manufacturing created 94 of their billionaires and technology made 68, the report said.
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