China’s Economy Generates Billionaires By The Dozen – David Barboza

From International Herald Tribune:

The United States has more billionaires than any other country: 415 by Forbes’s last count.

No. 2, and closing fast? China.

A year ago, there were 15 billionaires in China. Now, there are more than 100, according to the widely watched Hurun survey, and 66, according to Forbes.

Unlike America’s rich, China’s are hardly famous, even in China. Gates, Buffett and Brin are known around the world. But Yang, Guo and Zhang?

Yet, who they are, and what they decide to do – or are allowed to do – with their money and newfound influence will have political and economic consequences in China and probably far beyond, analysts say. [Full Text]

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