Wednesday, 16 January 2008

Growing numbers of billionaires in India and China

The city with the most billionaires is no longer London, or New York - and even Moscow might not make the top place...

Increasingly, the really big money individuals are in emerging markets. Cities like Shanghai, Beijing, Mumbai and Dubai (pictured) are fast eclipsing their rivals in the West. Moscow has already being doing this for a number of years...

The Chinese billionaires club is growing faster than anywhere else on the planet - remarkable for a country that considered capitalism to be such a dirty word until quite recently.

The list of dollar billionaires in China has grown from a single member in 1999 to 106 this year, a massive increase on last year's figure with just fourteen, according to the Hurun China Rich List released last October.

No comments: