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875,000 Chinese Millionaires
Chinese millionaire's (and billionaires) continue to grow in numbers.  Highlights from the prestigious Hurun Rich List were published this October. Hurun Report is widely recognized as the foremost authority in tracking the rapid changes amongst China’s high net worth individuals. “People often aren’t considered truly rich until anointed by Hurun Report…”Wall Street Journal US Edition Jan 2008"  
     
Below are highlights from the list. To see the full report, click here.• Today there are 1363 individuals with billion Chinese Yuan (US$150 million),up from 1000 last year and only 24 ten years ago. There are 189 US Dollar billionaires that we know of, suggesting that China today has more billionaires than anywhere else in the world, 400 to 500 billionaires, surpassing even the US.• China has 875,000 individuals with personal wealth of more than 10 million Yuan (USD 1.5 million) and 55,000 individuals with more than 100 million Yuan, according to the Hurun Wealth Report 2010, released in May. The average Chinese with 10 million Yuan was born in 1970, with 100 million Yuan was born in 1966.• Most of China’s wealth creation has been driven by its massive urbanization programme, led by property and related industries. The urban population is expected to increase ... more

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