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Thursday September 12, 2013 MYT 12:00:00 AM
Thursday September 12, 2013 MYT 7:48:07 AM
BEIJING: 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.
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 US$22bil (RM72.6bil).
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 US$1.04bil (RM3.4bil) – more than double their US$440mil during the global financial crisis five years ago.
But some were dogged by scandal. Three of last year’s 10 richest people in Chengdu, the capital of Sichuan, have been detained amid a corruption crackdown in the province.
Two others on the list are in prison, while Xu Ming, who joined this year at No. 676 with US$490mil (RM1.6bil), was a key witness against Bo Xilai last month in China’s biggest political corruption trial in decades.
According to court transcripts, Xu said he gave Bo 21 million yuan (RM11.2mil) in bribes, including purchasing a villa in the French resort of Cannes for his wife.
Real estate businesswoman and recent divorcee Wu Yajun fell from No. 8 to No. 22 and her wealth dropped nearly a quarter to US$4.6bil (RM15.1bil) after she gave her ex-husband US$3bil (RM9.9bil) – propelling him into the Top 50 in his own right. — AFP
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