The Hurun Research Institute has released its twelfth annual listing of China's billionaires, i.e., those with fortunes in excess of one billion Chinese yuan (roughly US$150 million). There are 189 that the institute "knows of" who qualify as U.S.-dollar billionaires, and the report estimates there are likely 200 to 300 more, which would make China home to more dollar-denominated billionaires than any other country in the world.
Other interesting tidbits include the appointment of 173 on the list to "significant government advisory posts," which should come as no surprise given the Chinese Communist Party's continued willingness to bring "capitalists" into its ranks.
With great wealth comes great responsibility--at least one might like to think so. Among such curses of affluence as obesity and divorce, China must now debate the role of its wealthiest citizens with respect to socio-economic stability. Welcome to "our" world.
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