Feb 252016

beijing Billionaire Capital

Beijing Move over New York City, Beijing is the new “Billionaire Capital of the World”.

The Chinese capital has overtaken the Big Apple as home to the most billionaires, 100 to New York’s 95, figures from Shanghai-based company Hurun, which releases yearly rankings and research about the 1 per cent, show.

The Hurun Global Rich List 2016 highlights how China’s elite are continuing to accrue vast wealth despite a wobbling sharemarket and tepid economy.

Contributed By Sonia Narula

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