The rich will get richer in 2015
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)