China’s Growing List of Billionaires Fuel our Emerging Ultra-Wealthy Investing Theme
Ask most people and they will likely think that China is one of the key countries fueling the Rise part of our Rise & Fall of the Middle Class investing theme. Given the population size and rising disposable incomes that’s rather true, but digging into things most are surprised to find that China is also one of the key countries behind our soon to be announced Emerging Ultra Wealthy investing theme. Much the way we are seeing companies like Disney, Nike, Under Armour and Starbucks looking to ride the rising middle class in China, odds are companies like Ferrari, Volkswagen, LVMH Moet Hennessy Louis Vuitton SE and the like are or will be doing the same with China’s growing list of ultra-wealthy.
China is home to more self-made female billionaires than any other nation, according to Hurun Report. The Shanghai-based research firm marked International Women’s Day on March 8 by sharing its latest numbers. It counts 88 such billionaires in the world, and says China has 56 of them.
Other findings from Hurun include:
- 2257 BILLIONAIRES IN WORLD, UP 69 ON LAST YEAR; UP 55% OR 804 OVER LAST 5 YEARS.
- CHINESE BILLIONAIRES PULL AWAY FROM USA, 609 TO 552, UP 41 AND 17 RESPECTIVELY.
- 652 BILLIONAIRES OF CHINESE ORIGIN, OR 29% OF HURUN LIST. CHINESE MAKE UP 20% OF WORLD POPULATION.
Source: No country comes even close to China in self-made female billionaires — Quartz
