The Billionaire Capital Of The World
May 12, 2018
Top Stories
The Billionaire Capital of the World is once again, Beijing. For the third year in a row, the Hurun Global Rich List has released a report showing that China has a staggering increase in billionaires.
China had an entire 210 new billionaires, with a current 819 total. In comparison to the US which ranks second, China has 40% more billionaires.
Beijing has become the ‘Billionaire Capital of the World’ for the third year running, according to the recently released Hurun Global Rich List 2018.
The capital city of China, Beijing is reported to have more rich men that any city in the world, with 131 billionaires. Five other Chinese cities, including Hong Kong, Shanghai, Shenzhen, Hangzhou and Guangzhou were in the top 10 cities for 2018.
In America, New York is the only city that has made it to the top 10, with 92 billionaires. Regardless, seven out of the ten richest men are from the U.S. No Chinese billionaires have made it to the top 10, with the best being in 15th place globally, Poney Ma Huateng.
This incredibly rapid growth in billionaires in China suggests a highly alarming income inequality. According to a Peking University report, the rich own a third of the county’s fortune. The poorest population own just one percent of China’s wealth.
You may also like
The Life of the Incredible Kevin De Bruyne
The Ginger Pele, one of the most decorated midfielders in soccer history was recently pulled out of a fateful game versus Chelsea in the Champions League final. A tactical genius, one of soccer's sharpest minds, a disciplined hard worker, and a contender for 2021 player of the year, De Bruyne's absence obviously had something to do with the fact that the universally desired Champions League trophy had eluded Manchester City's grasp yet again. And while his greatness is undeniably true, what el
Read More
The Most Unorthodox Pieces of Classical Music
To our modern ears, classical music can sometimes seem like somewhat of a snoozefest. The rigid accuracy, the overly-pedantic obsession with tradition, the long pieces; all these make for an experience very much at odds with what a modern audience tends to gravitate to. Yet, the world of classical music is vast and, at times, surreal. These are some of the weirdest pieces of classical music we know about.
Read More
The Dark Underside of Studio Ghibli
No offense to Disney and Dreamworks, but Japan is and has been the world capital of animated works for quite some time now not only in the east but also in the west. And while there are plenty of amazing animation studios and genius animators widely known in Japan, many of them don't actually get to enjoy the same amount of notoriety and success in the west. This, however, isn't true for the renowned Studio Ghibli, who have proved time after time that they are the undisputed kings of blockbuster
Read More
The Hottest and Coldest Record-Breakers in Music
Look, there's no getting around it. An overwhelming majority of musicians and aspiring artists are destined to be, at best, pretty good. Not amazing, and definitely not unprecedented or record-breaking. But there are a handful of bands who've managed to do the impossible and cement their singular place in music history. For better or worse. These are some of the most interesting musical records ever set!
Read More
Who Was William Shakespeare?
On this day, 412 years ago, William Shakespeare's sonnets were published in London for the first time. Yet, even today, the question of Shakespeare's identity pertains. His character is still shrouded in mystery, leading many paranoid enthusiasts to question the authenticity of his personhood. The tradition of doubting Shakespeare's existence as William Shakespeare, the humble son of a glover, has been around since the late 19th century at the least. Shakespeare skeptics are adamant that there i
Read More