Friday, October 16, 2015

China overtakes United States in number of billionaires

China has officially passed the United States in the number of billionaires for the first time. China has 596 billionaires while the United States has 537 billionaires. If you count  Hong Kong, Taiwan and Macao, China would have an additional 119 billionaires bringing the total to 715. The most surprising number in report is the increase of 242 billionaires were created in one year. You can read the Hurun Global Rich List report here.

Artisan Business Group will host the China Private Equity Forum in Los Angeles on January 20th to focus on Chinese direct investment into US real estate projects. 

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