China - Where billionaires flourish - Behind only U.S. in superrich

[Anthony Ng]

Now you know where to sell your domains.

http://www.yahoo.com/s/1145654:

China's super-rich have bounced back from the financial crisis with a vengeance, and China now has more known dollar billionaires than any other country bar the United States, according to a new report released on Tuesday.

The annual Hurun Report said China has 130 known dollar billionaires, up from 101 last year. The number in the United States is 359 while Russia has 32 and India 24, according to Forbes magazine.
...
Hoogewerf said the actual number of dollar billionaires could be higher than estimated.

"Either they are super-discreet, or perhaps they haven't come to the surface," he said. "Having said that, the transparency of wealth ... is now very much in the open. There's many more listed companies."

Hoogewerf said people who probably should have been listed, but about whose wealth not enough in known, included Liu Chuanzhi, chairman of the world's No. 4 PC maker Lenovo ...

EDIT Yahoo URL

 

[vtraffic]

I think you can sell your Chinese style domains at superrich Price.


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[katherine]

"We will bury you"

 

[cleverlyslick]

it was only a matter of time before they come up. 1 billion population right?

 

[Anthony Ng]

it was only a matter of time before they come up. 1 billion population right?

Yes, China is the most populous country on earth with 1.3 billion, or one-fifth of the world total. But I guess the size of population is a double edged sword, because it has clearly been one of the reasons why China was so poor in the past. That China becomes relatively much richer over the last 2 - 3 decades is probably because of the accrued or cumulative demand and productivity that had long been suppressed.

Yes, the disparity is definitely there, but there are enough middle class or well off people to substantiate a market or aftermarket, for e.g. domain names.

By the way, the population of India (now standing at almost 1.2 billion) will probably surpass that of China in a decade or less, but that's a champion that few Chinese are looking to keep.