Study: Billionaires galore in China by 2023
THE number of billionaires on China’s mainland is expected to exceed the combined number of billionaires in the United Kingdom, Russia, France and Switzerland by 2023, a report said yesterday.
The growth in billionaire numbers is fueled by positive outlook for wealth creation in the country which is set to add an extra US$1 trillion to global GDP every year from 2013 to 2023, according to an annual wealth report by Knight Frank.
The number of ultra high-net wealth individuals (UHNWIs), with US$30 million or more in net assets excluding their main residence, meanwhile, is forecast to jump 80 percent to exceed 14,200 in China by 2023, said the world’s leading independent property consultancy, which released the eighth edition of the annual report this year.
In Asia, the number of UHNWIs is set to exceed 58,500 by 2023, overtaking the total number in North America.
Based on the growth forecast in terms of UHNWI populations over the next 10 years, 19 of the top-20 cities are from Asia where Ho Chi Minh City in Vietnam emerged top. And 15 of the cities are from China.
- About Us
- |
- Terms of Use
- |
- RSS
- |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证:沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证:31120180004
- |
- 网络视听许可证:0909346
- |
- 广播电视节目制作许可证:沪字第354号
- |
- 增值电信业务经营许可证:沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.