Hong Kong Billionaires Top the World’s List
Over 50% of the Hong Kong billionaires ranked among the world’s 500 richest people derive their fortunes from property, controlling $119-B in total net worth.
Property moguls from the US, a country with more than 40X HK’s population and almost 9X the representation on the Billionaires Index are worth a combined $78-B.
The world’s richest property mogul is Chinese developer Wang Jianlin, who’s worth $31-B. He was born in Y 1954, he served in the Army between Y’s 1970 and 1986, at which time he was appointed Office Director of the Xigang District Government in Dalian.
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Have a terrific weekend.