In spite of crisis, the country counts 130 multimillionaires in dollars

In spite of crisis, the country counts 130 multimillionaires in dollars
The first of them, Wang Chuanfu (photo), whose destiny is estimated at 5,1 thousand million dollars, is the boss of the group BYD, specialised in the production of batteries in litium-ion and in the car manufacturing.
By Dispatch (text)

AFP - In spite of crisis, China counts 130 multimillionaires (in dollars) and the first of them is the number one of the group BYD (batteries and electric cars), according to the annual classification of 1.000 richest Chineses published on Tuesday by the magazine Hurun.

However, contrary to Wang Chuanfu, the CEO of BYD, most his peers make a fortune thanks to real estate and Stock Market, the two of the sectors which used clear liquid assets to the full by the plan of revival of the government.

"Chinese wealth grows at a dizzy speed", determined Rupert Hoogewerf, founder of the magazine, during a press conference.

"You can double the real number of multimillionaires in 260. There is another big number of multimillionaires who are not known and succeeded in accumulating their destiny far from the attention of the public from real estate, of the Stock Market and of investments", he asserted.

Wang Chuanfu, who made of its firm the number two for the production of batteries in the lithium-ion and launched into the car manufacturing in 2003, advanced of 102 places after the multiplication of its destiny by more than five or 5,1 thousand million dollars (3,5 thousand million euro).

The list includes 180 new members, even if the "entrance ticket", in comparison with last year, augmented from 50 % to 150 million dollars.

New seven heaved themselves in ten first, that is the most important confusion since the creation of the list in 1999.

The number one of last year, Huang Guangyu, boss of Gome, first Chinese distributor of electrical and electronic equipment, tumbles down on the 17th place having been stopped at the end of the year last, suspected of manipulation of Stock Exchange prices.

"Since 2004, the number of persons with an at least 150 million dollar destiny was multiplied by ten", raised Mr Hoogewerf, adding that they had passed from 100 to 1.000.

According to the magazine, the stock exchange and property markets in full boom allowed to 1.000 persons the richest in China to have a complete 571 thousand million dollar destiny in September 15th, against 439 thousand million dollars per last year.