Stacy Summary: It was only yesterday that the UK & US media were coming down from their orgy of heehawing about Yanukovych’s ‘lavish mansion.’ And yet, they mock not the Chinese billionaires they welcome with open arms. Fine. But you can’t mock one set of corrupt officials and then hail another.
China minted 41 new billionaires over the past year, driven largely by growth in the technology industry, according to a new rich list.
The mainland now boasts a total of 358 U.S. dollar billionaires who have amassed a total worth of $963 billion, the report compiled by the country’s Hurun research institute said.
That puts China second only to the U.S., which spawned 72 new billionaires, pushing its total to 481, based on a “snapshot” of data on January 17.