beijing, china, mandarin

China Boasts Most Billionaires After US


Wealthy Chinese look around Bentley’s showroom in Beijing on June 6, 2013.

China now has more billionaires than any country in the world except the U.S., according to a report published by Wealth-X and UBS last month.

According to the Billionaire Census 2013, China now has 157 billionaires with a combined net worth of $384 billion. Reflecting China’s rapid economic rise of recent years, nearly all of the surveyed billionaires are self-made — fewer than one in 10 inherited their wealth. The country’s new super-rich are also relatively young. China’s billionaires have an average age of 53 — nine years younger than the global average.

Read more: China Boasts Most Billionaires After U.S.


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