beijing, china, mandarin

China is minting billionaires at an astonishing pace

ChinaRichList

Despite a deceleration in China’s economic growth, the country is minting billionaires at an astonishing pace.

The number of billionaires in the world’s second-largest economy hit a fresh record high of 315 in 2013, compared with 251 a year earlier, and zero a decade ago, according to the annual Hurun Wealth Report – a ranking of the 1,000 wealthiest individuals in the nation. The U.S., by comparison, is home to 442 billionaires, according to Forbes.

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