Whitepaper

It's Raining Billionaires in China!

Investment Insights

Fifteen years ago, the world’s most populous country had no billionaires. As the Chinese economy flourished over the years, the number of billionaires grew to 373 (97% of them being self-made) with a total wealth of $1.1 trillion at the end of 2017. This growth has been spurred by excellent economic and market conditions, a population that is unprecedented in terms of size, innovations in areas such as technology and e-commerce, and China’s protectionism against global tech competitors. China has overtaken the US as the place where exceptional wealth is created at the fastest rate. At this pace, China could eventually overtake the US as the global “billionaire hotspot.”

To know more...




Authors

Related Topics

SG Analytics_Investment Insigts_Whitepaper_China Real Estate

Whitepapers

China Real Estate - In Desperate Need of More Policy...

China’s real estate sector has been significantly impacted by the introduction of the three red lines policy, eventually leading to a liquidity crunch...

SG Analytics Whitepaper European Defence Spending

Whitepapers

The Super Cycle in European Defence Spending

Regardless of its errors in judgment, political blunders, and glaring lack of soft power, Russia will only be able to win in Ukraine if it has a military...

SG Analytics Whitepaper China Real Estate 3

Whitepapers

China Real Estate Signs of Moderation in Free Fall

Since the announcement of China's three red lines policy in August 2020, the real estate sector has been heavily impacted by it, eventually leading to a...

We bring comprehensive data driven insights to everyone, everywhere