Subscribe free to our newsletters via your
. Military Space News .




TRADE WARS
Billionaire boom for Asia: Chinese survey
by Staff Writers
Beijing (AFP) Feb 25, 2014


Asia experienced a billionaire boom last year, with more than 200 people from the continent seeing their net worth pass into 10 figures, a Chinese publisher said Tuesday.

A total of 824 Asians were included among the 1,867 people named as dollar billionaires on the Hurun Report's global rich list.

That was an increase of 216 on the previous year, accounting for just over half the overall rise of 414.

Among individual countries, the United States led with 481 billionaires, the most in the world, followed by China's 358, it added.

At the top of the table, US technology giant Microsoft's co-founder Bill Gates overtook Mexican telecom tycoon Carlos Slim as the world's richest person, the luxury magazine publisher said.

"The US economic recovery and an IT boom have driven the world's billionaires to record levels," Hurun Report chairman Rupert Hoogewerf said in a statement accompanying the survey.

The richest person in mainland China -- property magnate Wang Jianlin -- shot up to 26th spot on the global list with his net worth doubling over the past year to $25 billion. He ranked 72nd last year, according to the report.

Hoogewerf told reporters that 90 Chinese billionaires held "senior political advisory positions", including 31 delegates to the National People's Congress, China's rubber-stamp parliament, and three representatives to the last Communist Party Congress.

"I think it's a co-option... it's part of the whole package of being successful," he said.

"They would like access to the political elite, plus the political elite wants to hear their opinions, because they are big taxpayers and they are big employers."

But inclusion on a Hurun rich list can be a mixed blessing for wealthy Chinese, intensifying public and government scrutiny of them and their companies.

Some have subsequently been investigated or imprisoned, among them Huang Guangyu, who was proclaimed China's highest net worth individual three times, most recently in 2008.

Huang was jailed for 14 years in 2010 for illegal business operations, insider trading and corporate bribery.

Businessmen "don't really want to be on the list", Hoogewerf admitted, but said they were becoming more willing to talk about their wealth as they expand their activities overseas.

The world's dollar billionaires had a total wealth of $6.9 trillion, more than Japan's entire GDP, the report said.

Gates replaced Slim, chairman of mobile phone carrier America Movil, as the globe's wealthiest individual with his net worth rising 26 percent to $68 billion as of January 17, it said.

US investment guru Warren Buffett and Amancio Ortega, founder of Spanish textile giant Inditex, which owns global fashion brand Zara, ranked second and third on the Hurun Global Rich List 2014, with assets of $64 billion and $62 billion respectively, it showed.

Slim and his family took fourth spot, after their wealth fell nine percent year-on-year to $60 billion due to currency and share price movements, the report said.

Slim remained the world's richest person with assets of $73 billion on the 2013 ranking by US-based Forbes magazine, followed by Gates on $67 billion. It listed a total of 1,342 billionaires.

.


Related Links
Global Trade News






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








TRADE WARS
Armani ends fashion week, Chinese firm buys Krizia
Milan (AFP) Feb 24, 2014
Giorgio Armani closed Milan Fashion Week on Monday, as historic label Krizia said it was being bought by a Chinese firm and luxury giant LVMH announced a deal with a young Italian designer in key signs of change for the industry. Dressed entirely in black, Italy's 79-year-old fashion king bowed and applauded at the end of his catwalk show, which featured a sober colour palette with lime gree ... read more


TRADE WARS
First US missile shield destroyer arrives in Europe

NATO gets first US destroyer for missile shield

Israel to help India develop missile defense shield

Israel shoots down rocket fired from Gaza: reports

TRADE WARS
Raytheon demonstrates Griffin Block III missile

Israel FM slams 'warmongering' Iran's missile tests

Iran says will not negotiate missile programme

Raytheon receives Maverick missile contract from South Korea

TRADE WARS
Lockheed Martin Receives Contract For SMSS-KMAX Cooperative Teaming Demo

Lockheed Martin Team Surpasses Millionth Hour of In-Theater Airborne Surveillance

Meet ARES: DARPA's newest transformer-style drones under development

Killer robot drones are like drugs: regulate, but resist the urge to ban them

TRADE WARS
Lockheed Martin Mobile "Network in a Box" Upgraded

ASC Signal Receives Multi-Antenna Contract for Kuwait Ministry of Information

US Marines Reach Milestone For New General Dynamics-built Aviation CCS

MUOS Satellite Tests Show Extensive Reach In Polar Communications Capability

TRADE WARS
China soldiers too big for outdated tanks: report

From gas to submarines, Great War was crucible for deadly innovation

Researcher: Nazis experimented with mosquitoes as weapons

Indonesia takes final delivery of BMP-3F vehicles

TRADE WARS
India drops anti-piracy charges against Italian marines

BAE Systems counts cost of US defence cuts

Russia FM talks weapons, Syria during Iraq visit

Irregularities found in Colombian military contracts: official

TRADE WARS
US taking advantage of Ukraine crisis to upset Russia-Germany relations

Obama, Putin speak after Ukraine deal

China, Japan need dialogue to avoid 'miscalculations': US general

Obama throws support behind Dalai Lama, Tibet rights

TRADE WARS
The thousand-droplets test

Molecular Traffic Jam Makes Water Move Faster through Nanochannels

Physicists at Mainz University build pilot prototype of a single ion heat engine

Quantum dots provide complete control of photons




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.