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China billionaires pass 300 as richest get richer

From google.com

The number of dollar billionaires in China has passed 300 for the first time, an annual ranking of wealth in the world's second-largest economy showed Wednesday. The Hurun Report, a luxury magazine publisher, named property tycoon Wang Jianlin as China's new richest person, saying he had more than doubled his worth to $22 billion. There were a total of 315 dollar billionaires in the country, it said, up 64 from a year ago. The average fortune of the top 1,000 stood at $1.04 billion -- more than double their $440 million during the global financial crisis five years ago. But some were dogged by scandal. Three of last ... (full story)

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