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2009 China Rich List

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10/25/2009 Caimeiju Staff

China has the second largest number of billionaire residents according to a October 24th 2009 CNN report . The report, based off the popular Hurun Rich List, counted 130 billionaires’ in China which increased from 101 just one year ago . In addition to 29 new billionaires, 825,000 people had personal wealth of more than $1.5 million.

 Most business owners who made the Hurun list -- both as billionaires and millionaires -- made their fortune in real estate and related industries.

Hurun.net -

"Despite the greatest wealth destruction in the West in the past seventy years, China’s rich are getting richer and putting the credit crunch firmly behind them. The average wealth of the Hurun 1000 grew 30% to US$571 million, surpassing the China boom of 2007."

hurunreportlogoen.gif

Other highlights from the list:

From CNN:

Less than 1 percent on the list inherited their wealth, compared with 25 percent in the United Kingdom and 35 percent in the United States.

• The typical rich list member is a 50-year-old self-made man who started out 16 years ago and has made his money from property development.

• 102 women were among China's 1,000 richest. Chinese women make up more than half the world's richest self-made women.

• The top three hobbies of wealthy Chinese are travel, swimming and golf. The United States, Australia and France are their preferred destinations

 

 

 


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