May
2012
Tuesday, April 19, 2011
IPU.com, 

China’s Economic Growth Produces Nearly 1 Million Millionaires

BEIJING, April 12 (UPI) -- China's incredible economic growth has produced a burgeoning class of millionaires. According to this UPI.com article, there are nearly 1 million Chinese with personal fortunes of $1.5 million.

According to Group M Knowledge-Hurun Wealth Report 2011, nearly half of the total number of millionaires acquired their wealth from private business. 60,000 individuals were tagged as being super-rich with assets in excess of $15 million.

2011 showed a 10% increase in the number of Chinese millionaires. It's a safe bet that number will increase by a minimum of 10% over the course of the year. 

Posted by Editor on 04/19/11 at 08:45 AM •  (0) Comments

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