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China’s billionaires have global plans- Hurun
March 1, 2013, 10:29 am


The Hurun Global Rich List 2013 says more wealth is now being created in the East [AP]

Two hundred and twelve Chinese billionaires have been added to the Hurun rich list of 2013, and with this China surpasses the US in creating billionaires this year, says new research.

According to the latest Hurun Global Rich List 2013, three BRICS countries, China, Russia and India are in the top 5 nations with the most billionaires.

Hurun research sees this as a telling sign of growing Chinese global ambitions.

“Chinese entrepreneurs are preparing their international expansion plans,” said Rupert Hoogewerf, chairman and chief researcher of the Hurun Report.

“It is a very new concept but growing very fast….China’s entrepreneurs want to see the global context of their recent success,” said Hoogewerf.

Wang Jianlin, a real estate tycoon was compared to Nike founder Phil Knight and Paul Allen, the founder of Microsoft – the three of them are valued at around $12 billion on the list.

Jianlin is the owner of Dalian Wanda Group who acquired AMC Entertainment Holdings Inc, a leading US movie exhibitor, creating the world’s largest theatre chain operator.

“In China, we’ve seen a huge urbanization boom and that has created a lot of wealth in property,” said Hoogewerf.

According to the latest Hurun Global Rich List 2013, more wealth is now being created in the East.

Moscow, home to 76 billionaires, is the billionaire capital of the world, followed by New York, Hong Kong, Beijing and London, according to the report.

The report shows Chinese billionaires have an average age of 63 and of the total 357, some 153 are female, 262 live on the Chinese mainland, 54 in Hong Kong and 32 in Taiwan.

Source: Agencies