China Beats US in Number of Dollar Billionaires With 594 Richest People

Discussion in 'China' started by Hidden, Oct 15, 2016.

  1. Hidden

    Hidden Regular Member

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    China Beats US in Number of Dollar Billionaires With 594 Richest People

    https://sputniknews.com/society/201610131046296241-china-us-billionaires/

    MOSCOW (Sputnik) — The number of billionaires in mainland China exceeds that of their peers in the United States by 59, making China lead with a total of 594 billionaires, according to a 2016 Rich List published by the Hurun Report media group on Thursday.

    "Mainland China has 594, down 2 from last year; HK, Taiwan and Macao have 94; and there are 66 others in the world, mainly in SE Asia. This compares with 535 billionaires in the US," Rupert Hoogewerf, the Hurun Report chairman, was quoted as saying in a press release accompanying the Rich List.

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    © Flickr/ Stacy Clinton
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    At the top of the list comes Wang Jianlin of Dalian Wanda, the real estate and entertainment mogul retained his spot at the top despite a two percent loss, with a total wealth of $32.1 billion. He comes ahead of Jack Ma of Alibaba who scored a 41 percent surge in his wealth but still came in second with a net worth of $30.6 billion. The third place went to Pony Ma of Tencent with a total wealth of $24.6 billion despite donating $2.1 billion last year.
    Yao Zhenhua of Baoneng recorded the biggest rise this year, jumping up 200 places to reach the fourth place on the list, increasing his net worth by nine folds with an total of $17.2 billion. Beijing real estate queen Chen Lihua is leading the list of the most successful business women. Ninety-five percent of China's richest are self-made.

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    © Flickr/ leighklotz
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    The report showed that despite a 20 percent drop in domestic stock markets and slowdown in the economy, 179 new names where added to the Hurun Rich List to lift the number to 2,056 individuals, which is double the number registered three years ago. Beijing is still the city of preference for China's richest followed by Shenzhen and Shanghai.
    Hurun Report's rich list is considered to be the most popular and accurate assessment of wealth in China.
     
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  3. Mikesingh

    Mikesingh Senior Member Senior Member

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    But how much are these Chinese billionaires going to donate to a bankrupt Porkistan who are their adopted midgets?

    upload_2016-10-15_18-12-3.jpeg
     
  4. IndianHawk

    IndianHawk Regular Member

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    This is pathetic to the core.
    Pakistan has nothing positive about itself so it's keep talking about china.:scared2:
     
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  5. SexyChineseLady

    SexyChineseLady Regular Member

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    Some of the American billionaires like Zuckerberg and Murdoch have Chinese-American wives.
     
  6. IndianHawk

    IndianHawk Regular Member

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    So your point ??
    China might have more billionaires but chinki girls will still go for white ones .
    Chinese guy can become rich but never desirable :pound::pound:
     
  7. SexyChineseLady

    SexyChineseLady Regular Member

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    Do Indians always need to be so racist? Chinese being desirable by whites doesn't mean anything other than that. Besides, there are more than enough pretty girls in China to go around.
     
  8. IndianHawk

    IndianHawk Regular Member

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    Do Chinese girls need to prove their sexyness on India defense forum:biggrin2:

    And it's humor not racism . I love women of all colors.
     
  9. Indx TechStyle

    Indx TechStyle Perfaarmance Naarmal Senior Member

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    Re: China beats up US in number of billionaires
    India also has just beaten up Germany last year and now 3rd highest ranked country on list in terms of billionaires.
    after PRC and USA.

    http://www.forbes.com/billionaires/list/

     
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  10. SexyChineseLady

    SexyChineseLady Regular Member

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    Good for India! It is a fine achievement! :balleballe:
     
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  11. cw2005

    cw2005 Regular Member

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    I do not believe this is anything to be proud of. Disparity is getting worse in China and India, both are developing nation with so much to be done for the not-so-rich citizen.
     
  12. cw2005

    cw2005 Regular Member

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    Duplicate, please delete this - I do not believe this is anything to be proud of. Disparity is getting worse in China and India, both are developing nation with so much to be done for the not-so-rich citizen.
     
  13. Indx TechStyle

    Indx TechStyle Perfaarmance Naarmal Senior Member

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    No it's only happening in China with gini index much higher than US. India's gini is at a good low for a market based developing economy.

    And for Nigeria, you have per capita income almost same as that of India but way higher poverty and much lower HDI.
     
  14. busesaway

    busesaway Regular Member

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    And people still think we should boycott China...
     
  15. IndianHawk

    IndianHawk Regular Member

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    Nope nobody rational could ever say that.
    But can china boycott us by cosying up with Pakistan .:)

    And we need to boycott substandard Chinese junk by improving quality parameters for electronics import and hopefully minimize them by2020.
     
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  16. Bharat Ek Khoj

    Bharat Ek Khoj Senior Member Senior Member

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    Increasing Billionaires is not a good news. Big pocket controls lot of things.
    I hardly watch tv, but there are news that number of people and business persons boycotting Chinese products here in Gujarat.
     
  17. IndianHawk

    IndianHawk Regular Member

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    People can do whatever they want. Govt as a policy will have to comply to WTO norms .

    Nope nothing wrong in having billionaires.
    What we need is stronger regularity framework to ensure fair play.

    Actually if an economy is more competitive it will create parallel business models that will check each other's influence.

    Monopolies are born when competition is curtailed.
     
  18. Project Dharma

    Project Dharma Senior Member Senior Member

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    It is wrong if the benefits don't trickle down to the lower class which is true in the case of India and China to a lesser extent. More regulation is not the answer, India regulated everything in the 60s and 70s and look where it got them. The answer is to raise money from the billionaire class and invest in education/growth of the lower middle class.
     
  19. IndianHawk

    IndianHawk Regular Member

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    Not industrial regulations but fair market regulations like competition commition , rbi , SEBI we need to strengthen them.

    All over the world efforts to raise money from billionaires have effectively failed.
    These are very smart people protected by laws , rules of corporations.
    These policies are the reason why Indian MNC open headquarters in Singapore .

    The best way forward is to channel the wealth into investment that promotes efficiency and competition .
    Free market with powerful watchdogs is what we need
     
  20. Bharat Ek Khoj

    Bharat Ek Khoj Senior Member Senior Member

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    Nothing keeps them in check. Ambani running Firstpost and if i'm not wrong, have invested in NDTV too.
     

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