How many rich people in china

This means about one in 14 adults in America is a millionaire. In China, there are 4. There are an estimated 1. The Brexit-led decline in the value of the pound caused the number of UK millionaires to drop by 27, to 2. However, both the stock market and exchange rate showed increased volatility over the summer, reflecting the heightening of Brexit worries. Yan Wu, 39, and husband Qicheng Wang, 40, are the co-founders of Hakim Unique, an internet, media and real estate company.

Don't miss: Asia-Pacific has more billionaires than any other region, as pandemic boosts wealth. Like this story? Skip Navigation. Jennifer Liu. Huiyan Yang and family, 39, Country Garden. Zhang Zetian, Chinese businesswoman and chief fashion advisor at e-commerce company JD. Zetian Zhang, 27, JD.

Zhang Yiming, founder of internet company ByteDance, the parent company of video sharing platform TikTok. The billionaire was particularly proactive with the Covid epidemic, remitting cash to Wuhan one day after its lockdown and donating millions of dollars to medical research. Second, tinker with your share structure. As a result, big tech and green tech billionaires, such Amazon. Chinese tech billionaires have to figure out how to contain the way their net worth soars when their company stocks rally in the market.

To do this, a dual-class share structure can come in handy. Tech entrepreneurs often use this strategy to retain control as their startups seek rounds of venture capital funding and later a public listing. But Chinese businessmen can use it to suppress their billionaire rankings too. Put another way, if you are an aspiring Chinese unicorn founder on the cusp of a mega-IPO, it pays to have dual-class structure.

Finally, if he decides being No. His wealth is an accounting matter. He can sleep easy. A record newcomers joined the list globally last year, roughly one new billionaire every 17 hours, according to Forbes. India had the third-highest number of billionaires, with Jeff Bezos, founder and chief executive of Amazon, remains the world's richest person for the fourth consecutive year. Kim Kardashian West joins billionaires' club.

Billionaire fortunes hit record high during pandemic. Image source, Getty Images.