China now has more billionaires than the United States




For the first time, there are now more billionaires in China than in the United States

The country boasts 596 billionaires, up 242 from last year, having added an astonishing five new billionaires each week in the past year, according to the 2015 Hurun Rich List. By comparison, there are 537 billionaires in the United States

“China is now officially the most exciting country in the world for entrepreneurship. Just look at the sheer numbers of top entrepreneurs, eclipsing the US for the first time in its history,” Rupert Hoogewerf, Hurun Report chairman and chief researcher, said in the report. “The China Century seems to have started earlier than many expected, although it will be a few years more before China overtakes the US in terms of GDP.” Read more…

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