China claims Asia is home to more billionaires than N. America

The Hurun Report, which compiled the list, suggests there were1,453 people around the world with a personal wealth of $1 billionor more as of January 2013, including 608 in Asia, 440 in NorthAmerica and 324 in Europe.It is believed to be the first time Asia has been named as hometo the largest commune of super-rich on any global list.The report estimated the total wealth of the world’s dollarbillionaires at $5.5 trillion, roughly the size of the Japaneseeconomy last year as the net assets of the 10 richest people on thelist allegedly rose 22 percent over the year, or $250 million aday.Elsewhere, the Chinese confirmed the United States and China arethe top two resident countries for those in the list having 408 and317 billionaires respectively and followed by Russia, Germany andIndia.The Mexican telecoms tycoon Carlos Slim, remains the Richest Manon the Planet, having a personal fortune of $66 billion, while HongKong investor Li Ka-shing also kept his title of the Richest Man inAsia and the seventh wealthiest person in the world with $32billion.However, Forbes research brings the figures into doubt, at leastthe part concerning the number of billionaires in Asia. Its mostrecent international rich list in 2012 shows the Asia-Pacificregion had 315 billionaires, compared to 450 from North America and310 in Europe.In other words, the number of fat-cats in Asia almost doubled inless than a year. Rupert Hoogewerf, chairman and chief researcherof the Hurun Report, who previously compiled the Forbes rich list,seems to know the reason why setting China as an example.”In China we’ve seen a huge urbanisation boom and that hascreated a lot of wealth in property,” he told AFP.It remains to be seen what Forbes will publish this year. By nowthe only thing the two reports agree on is that Moscow has morebillionaires than any other city in the world with the Hurun Reportsuggesting 76 names, and the Forbes – 78. Well, Alisher Usmanov andCo. won’t argue against it.

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China claims Asia is home to more billionaires than N. America


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