Billionaire boom for Asia: Chinese survey

Breaking News February 25, 2014 00:00

BEIJING - Asia experienced a billionaire boom last year, with more than 200 people from the continent seeing their net worth pass into 10 figures, a Chinese publisher said Tuesday.

A total of 824 Asians were included among the 1,867 people named as dollar billionaires on the Hurun Report's global rich list.

That was an increase of 216 on the previous year, accounting for just over half the overall rise of 414.

Among individual countries, the United States led with 481 billionaires, the most in the world, followed by China's 358, it added.

At the top of the table, US technology giant Microsoft's co-founder Bill Gates overtook Mexican telecom tycoon Carlos Slim as the world's richest person, the luxury magazine publisher said.

"The US economic recovery and an IT boom have driven the world's billionaires to record levels," Hurun Report chairman Rupert Hoogewerf said in a statement accompanying the survey.

The richest person in mainland China -- property magnate Wang Jianlin -- shot up to 26th spot on the global list with his net worth doubling over the past year to $25 billion. He ranked 72nd last year, according to the report.

Hoogewerf told reporters that 90 Chinese billionaires held "senior political advisory positions", including 31 delegates to the National People's Congress, China's rubber-stamp parliament, and three representatives to the last Communist Party Congress.



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