New York City is considered as the highly ranked city all over the world in matters of fashion and a super chilled out lifestyle. People in New York work hard and earn hard and then spend harder. It has been considered as “the billionaire capital” for many decades now but now this title has been shifted to the China’s Capital. Yes, this news is true. Recently, Beijing has been labeled as the new billionaire capital.
Beijing has a total of 100 billionaires whereas New York has a total of 95 billionaires and in fact Beijing had seen new 32 billionaires in the past one year only and New York had gained just 4. Not just the capitals but the whole countries- China and USA, have also superseded each other in this respect. According to latest statistics, China has a total of 568 billionaires and USA has 535.
The statistics have been provided by Hurun, a Shanghai based company who releases the business related statistics every year. Hurun’s Chairman Mr. Rupert Hoogewerf said that his calculations of wealth were based on stock prices as of 15 January and he also took into account the Chinese market’s fluctuations over the past half year but if the calculations had been made at the market’s scenario in last summer then the Chinese billionaires count would have been increased from 100 to 150. Rupert was astonished to see China’s growth in wealth during sluggish economy and unstable conditions of the stock market.