“Asia sprouted a new crop of millionaires over the past year, with growth of wealth in China topping the charts. According to a report this week by Credit Suisse, the country now has 6% of the world’s total of ultra-high-net-worth individuals, or those with fortunes in excess of $50 million. That’s second only to the United States, which commands nearly half the world’s total. Fan Cheuk-wan of Credit Suisse credited such growth in China to the country’s capital market’s development and the large number of companies being listed during the period the report covered — mid-2012 to mid-2013.”
http://blogs.wsj.com/chinarealtime/2013/10/11/number-of-chinese-billionaires-skyrockets/
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