Hurun Report, a leading authority on China’s wealthy, released the Hurun 2009 Wealth Report in April 2009, detailing the number of millionaires in China by region for the first time. The picture that emerges is somewhat surprising- not only are China’s millionaires spread across the country, but they profess themselves relatively unscathed by the global downturn.
Millionaires in China
China has clearly come a long way since opening up to the rest of the world in the late 1970s. The Wealth Report focuses on individuals with a net worth of more than 10 million yuan (USD 1.46 million, or GBP 1 million), who total 825,000, and those with more than 100 million yuan, who total 51,000. One person in every 1700 in China has at least 10 million yuan.