On March 2, Hurun Report printed the Hurun World Wealthy Listing 2021, which provides a rating and breakdown of the world’s billionaires (in USD).
In keeping with Rupert Hoogewef, president and chief researcher of Hurun Report, “China has added extra new faces than the remainder of the world mixed” up to now 12 months, electrical autos, e-commerce, blockchain and biotechnology being the quickest rising sectors specifically.
The mixed wealth of billionaires in China is $ 4.5 trillion, greater than Germany’s GDP.
Listed here are six staggering statistics on China’s super-rich elite.
is the variety of “identified” greenback billionaires in China – greater than the whole of the next three nations (US, India and Germany). In 2020, China added 256 billionaires and is the primary nation to have greater than 1,000 billionaires. Hoogewerf stated the variety of greenback billionaires in China may very well be nearer to 2,500 – which represents undisclosed property.
is the variety of Chinese language cities within the high 10 for the best focus of greenback billionaires. Beijing has taken the crown because the billionaire capital of the world for the sixth 12 months in a row, with 145 billionaires residing within the metropolis.
Beijing, the town of billionaires. Picture through Unsplash
Shanghai is ranked second adopted by Shenzhen (# 4), Hong Kong (# 6), Hangzhou (# 8) and Guangzhou (# 9). Final 12 months, the capital added 35 billionaires.
$ 85 billion
is the web price of ‘Bottled Water King’ Zhong Shanshan, who grew to become the primary Chinese language nationwide to seem within the High 10 of the Hurun World Wealthy Listing. Recognized for the well-known Nongfu Springs bottled water model, Zhong additionally has a enterprise within the pharmaceutical sector and is now Asia’s richest man. Drink!
Nongfu Spring. Picture through @syyy sang /Weibo
is the share of the 231 “identified” self-made billionaire girls who dwell in China. China’s checklist is led by Zhong Huijuan, CEO of drugmaker Hansoh, with $ 23 billion.
That is the age of the founding father of the Relx vaping model, Wang Ying. With a internet price of $ 11 billion, she is essentially the most profitable feminine entrepreneur beneath the age of 40 on the earth.
READ MORE: How this Chinese language model of digital cigarettes is vaporizing the competitors
That is how a lot the wealth of Huawei founder Ren Zhengfei fell in 2020. Ren was one of many few to lose wealth in a 12 months that has seen lots of the world’s richest earn more money than by no means. Ren’s wealth is intently tied to Huawei, which has needed to take care of US sanctions in addition to allegations of mental property theft.
With so many new billionaires, there generally is a noticeable distinction within the revenue distribution of Chinese language households. In 2019, China’s Gini coefficient – a statistical measure meant to characterize wealth inequality – was 0.465, based on CEIC. This represents a big revenue hole and is akin to that of many developed nations all over the world, together with america.
[Cover image via Unsplash]
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