Chapter 63 8. China's millionaires and billionaires

China's millionaires and billionaires are multiplying and setting new records! Whether they are from mainland China, Hong Kong, Taiwan, Macau, or Singapore, or the Chinese settlements around the world, their number in China is increasing at a rate of 60% every year.That's why they are the best customers in China and France! A lot of wealth was squandered in Beijing, Shanghai, Hainan Island (in the south of China) and abroad... They made their fortunes through their companies, real estate, stocks, entertainment industries, coal mining, steelmaking or paper making.They bought a car worth 800,000 euros in one hour, and bought houses and castles in France.

A Chinese tourist purchased a record-breaking 46,423 euros worth of commodities and famous wines at Paris Airport, including a large bottle of 1991 wine produced by Chateau La Tache-sur-Rhône, worth 19,990 euros!These billionaires are also keen on recreational activities like swimming, golf or hockey, but their favorite is travel. China will become the world's largest luxury consumer market by 2020 to meet the needs of these wealth and businessmen. These new tycoons have constructed a real El Dorado for the world's luxury brands.China has the world's largest population and a rapidly developing economy, and the Chinese market has a bright future!

In a few years, Beijing has become the third largest market in the world for Rolls-Royce after Dubai and Abu Dhabi.Cartier, a world-renowned jeweler that already has more than 20 stores in China, has just reopened its old store in Hong Kong's Prince's Building. China has become a showcase for luxury and ultra-luxury... Related companies showcased themselves at the Hainan Convention and Exhibition, a tropical island in southern China. An example: To become a member of the Hong Kong Jockey Club (a famous gaming and equestrian club established during the British colonial period), you need to spend 25,000 euros per year.

China currently ranks second in the world with a huge number of billionaires, second only to the United States. China's richest family Name Business Industry 1 Zong Qinghou Wahaha Beverage 2 Li Li Family Hepalink Pharmaceuticals 3 sheets of Nine Dragons Paper 4 Liang Wengen Sany Heavy Industry Machinery 5 Robin Li Baidu search engine 6 Yan Bin Huabin drinks, real estate, etc. 7 Liu Yongxing Hope Group Animal Feed 8 Wang Jianlin Wanda Real Estate 9 Near East Suning home appliances, real estate 10 Xu Rongmao Shimao Real Estate Despite the economic crisis, China still has more than 200 billionaires and about 415,000 millionaires (in euros).This number will still increase!

China has the third most millionaires in the world and will soon be number one! The ranking of "China's rich" varies according to different criteria from Western or Asian institutes.According to the results of the Hurun survey, only one-third of the wealthiest people in China may be members of the Communist Party of China. Among the 128 billionaires with ten-figure assets, 9 are under the age of 40 and 11 are women.Shenzhen, a southern metropolis adjacent to Hong Kong, is home to the largest number of billionaires (17), followed by Beijing (15) and Shanghai (10). It is worth noting that, according to the Forbes Asia list, 10% of the 400 richest people in China derive part or all of their wealth from Chinese industries.According to this list:

Zong Qinghou topped the list: In 2010, the chairman of Wahaha Beverage had a wealth of 8.75 billion euros; Robin Li ranks second with 5.3 billion euros after earning 3 billion euros (he ranks fifth on the Hurun rankings). In 2010, shares of his company, Baidu, rose 143%. Liang Wengen ranks third with assets of 4.3 billion euros (he ranks fourth on the Hurun list). Wang Chuanfu's ranking dropped.After shrinking by 1.1 billion euros, its assets stood at 3.13 billion euros. More than half of the richest women in the world are Chinese.Wu Yanju is the richest woman in China, and together with her family she has a net worth of 3.4 billion euros.There are many rich or very wealthy women in China.Their particularity is that they all accumulated wealth through themselves.

Shenzhen, Beijing and Shanghai are home to the most millionaires, along with Guangdong province and Zhejiang province, which borders Shanghai.Among the atypical Chinese millionaires are those like Mr. Wang who were born into a poor peasant family in Hainan province.After making his fortune in real estate in Shenzhen, he bought a part of Sanya Beach to build a seaside casino. In China, Huaxi Village is also often mentioned as a southern village famous for its "Road to Wealth" and "Village of Wealth".It was taken as a model of socialist science.This is a place where socialism and capitalism go hand in hand.According to the villagers, wealth is not considered a sin here and it brings happiness.

In this village, the average income of residents increased significantly to nearly 7,000 euros in 2010, which is 20 times the average income of Chinese farmers.Of course, this has not reached the millionaire level we mentioned above, but compared with the past, the income of Chinese farmers has indeed increased significantly. For example, a female villager in Huaxi Village told us that a female elementary school teacher in Huaxi Village can earn 22,400 euros a year.She and her family own several cars and a very nice house.The village derived its wealth from textiles, industry and metallurgy.Only those who live in the village are entitled to receive the wealth distributed by shares.

The 42-year-old was born in a very poor family in Jiangsu.His childhood was spent in "starvation" and multiple poverty.Today, he is very rich!Yet instead of leaving his wealth to his children, he left it to the poorest."I'm not going to leave a penny to my kids. I'm self-made and they can do the same," he said. Chen Guangbiao earned more than 56 million euros through his blasting and recycling companies.In his view, the Chinese should be more united.He decided to donate all his property to the poor after his death.The Chinese entrepreneur and philanthropist managed to convince more than 100 compatriots.He responded to a fundraiser launched by US billionaires Warren Buffett and Bill Gates.

Chen Guangbiao has become the darling of the Chinese media. This sample was widely reported in the media in China.The new millionaires and billionaires are keen to enjoy a life of affluence and comfort. In China, when people have a little power or money, they will show it off.If a man is lonely, that is a quality of being a rich man, because "he made it". All wish to be rich...but quite a few of them have not forgotten their roots, live simpler and more modestly.