The Billionaire Capital Of The World
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
Winter Staples To Consider
As the weather slowly moves towards winter and as we all begin to shiver a little at night, we slowly start changing how we dress. Every time we leave our house at night, we grab a hoodie or a jacket on the way out, just in case it gets chilly. Throughout the summer, we scrolled online and found websites advertising winter clothing, thinking about how we could incorporate those into our outfits in the coming here. However, even as new styles roll in regularly, some styles will always be staples
The Game Of Golf
Golf is a sport played by millions of people all over the world. It is a sport that requires both mental fortitude and apt strategy, as well as a great degree of physical strength in order to pivot your body and fire the ball down the course. Many individuals think golf is simply a sport, played by retired, wealthy men on the court of the cost of entry to the sport, yet in reality, it is the younger players that often do the best given their enhanced flexibility, as well as their resilience to p
Healthy Snacks for Study Dates
With exam season around the corner, group study sessions and all-nighters are inevitable. However, powering through these sessions and staying motivated can take a lot of effort. Spicing up the study sessions with creative and energizing snacks can help you, and your group members stay focused for prolonged periods and turn them into the ultimate study date with the right foods. The key to keeping yourself from getting tired is to consume healthy foods. And healthy foods do not necessarily have
Skating On Ice
Hockey, sometimes known as "ice hockey" or "just hockey," is a team sport that is played on ice skates on a surface that has been specially marked out for the activity. It is a member of the hockey family of sports. A closed, vulcanized rubber disc called a "puck" is controlled, advanced, and shot into the opposing team's goal by two opposing teams using ice hockey sticks. One point is awarded for each goal. The winning team is the one with the most goals scored. In a formal game, each side has
Netflix’s Impact On Cinema
Watching cinemas has historically been a solely communal experience that would bring families and communities together. The cinema, by that standard, was a shared space where every viewer’s responses to the amplification of sound and visuals were affected, if not neatly mapped onto the other viewer. Despite the efforts of cynophobic individuals, people only steered away from the cinema once streaming platforms began to penetrate the market. This also placed conditions on who could view the cin