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>> UBS AG Latest News

SEP 12, 2013 - Time

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Chinese Ultra-Rich Increase, Some Escape to Hong Kong

Property developer Wang Jianlin pushed beverage mogul Zong Qinghou into second place of the annual ranking of China’s wealthiest people, after doubling his personal fortune to $22 billion. The Hurun Report, as China’s rich list is called, said that the number of Chinese worth at least $1 billion has now reached 315 — up from none in 2003. According to the annual survey’s chairman and chief researcher Rupert Hoogewarf, “strong performances in real estate and IT” is why new records are being set by China’s ultra-rich. Meanwhile, a separate report from private-wealth consulting ... Read More

Tags: Chinese Ultra-Rich Increase, Some Escape to Hong Kong,  Ubs Ag Latest News