China adds now 3 billionaires per week

2020-08-27
China

Chinese billionaires buying real estateOver the last decade, China has been able to grow its economy in a rapid pace. This has resulted in a huge increase in the number of millionaires in China. Thousands of chinese citizens have become rich and some have become very rich. In 2019, China was adding 2 new billionaires per week. The recent IPO mania has increased that number to 3 new billionaires per week.  This is expected to continue to increase the amount of money that Chinese will spend on overseas real estate.

Read all the details about the new billionaires in China here on Bloomberg.

In the Media

Forbes
Bloomberg
South China Morning Post
CNBC
iMoney
Shanghai Times
Squarefoot
Shanghai Office
Capital Weekly
The New York Times
TheStreet.com
Financial Times