The rich will get richer in 2015

China Daily (Canada) - - FRONT PAGE -

Mem­bers of China’s ul­tra-high net worth pop­u­la­tion, those with a net worth of $30 mil­lion and more, are ex­pected to add $80 bil­lion this year, up 5.2 per­cent from the pre­vi­ous year, ac­cord­ing to the firm Wealth-X.

The ex­pan­sion of China’s mid­dle class will also drive an in­crease in the low­est tier of the ul­tra-high net worth in­di­vid­u­als – those with a net worth be­tween $30 mil­lion to $49 mil­lion.

Wealth-X also re­leased a list of the top 10 rich­est Chi­nese in­di­vid­u­als in the world, with Hong Kong busi­ness mag­nate Li Ka Shing lead­ing the list with a net worth of $30.6 bil­lion. In sec­ond place is Hong Kong ty­coon Lee Shau Kee with $26.6 bil­lion, Alibaba Chair­man Jack Ma is ranked third, with his net worth surg­ing to $26.5 bil­lion in the wake of the e-com­merce gi­ant’s 2014 IPO. (Photo 2)

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