China billionaires pass 300 as richest get richer
BEIJING (AFP) - The number of dollar billionaires in China has passed 300 for the first time, an annual ranking of wealth in the world's second-largest economy showed on Wednesday.
The Hurun Report, a luxury magazine publisher, named property tycoon Wang Jianlin as China's new richest person, saying he had more than doubled his worth to US$22 billion (S$28 billion).
There were a total of 315 dollar billionaires in the country, it said, up 64 from a year ago.
The average fortune of the top 1,000 stood at US$1.04 billion - more than double their US$440 million during the global financial crisis five years ago.