[lbo-talk] China super-rich hit 150,000, growing fast - report

uvj at vsnl.com uvj at vsnl.com
Mon Aug 20 15:48:35 PDT 2007


Reuters India

China super-rich hit 150,000, growing fast - report http://in.reuters.com/article/businessNews/idINIndia-28991420070815

Wed Aug 15, 2007

SHANGHAI (Reuters) - China has 150,000 super-rich with personal wealth of $5 million or more and their ranks are rising fast, pushing up prices for golf, yachting, villas and other luxuries, researcher Rupert Hoogewerf said on Wednesday.

"The number of wealthy individuals in China is growing very fast, based on the economic boom," Hoogewerf, who compiles an annual China "rich list", said in an interview. http://in.reuters.com/article/businessNews/idINIndia-28991420070815



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