The number of multimillionaires in Mainland China is ever increasing. China Merchants Bank and Bain & Company reported yesterday that in the end of 2014, there were more than 1 million Chinese with personal assets worth 10 million Yuan or more.
The number of multimillionaires in China has doubled since 2010, and has increased by 330,000 since 2012.
The released report, titled “2015 China Private Wealth Report,” predicts that the number of Chinese multimillionaires will reach 1.26 million in 2015.
The development of the Internet and other innovative industries has created an ultra wealthy class of “new rich,” in China today. Nearly 80% of China's new multimillionaires are under the age of 50.
130,000 of China's multimillionaires live in Guangdong, and 50,000 live in Beijing.
Source: inew.qq.com
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Keywords: China multimillionaires Wealthy Chinese Chinese millionaires
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Lovely news. I recently found out the annual school fees charged by my "public" school employer. Was told this is "an education institution, not a business" before I joined last year. Just another shady business run by shady businessmen pretending to be a "school". All hail the Communist Party!
May 27, 2015 21:43 Report Abuse
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