China’s rich under-40s

Updated 2017-07-05 09:30:05 Shanghai Daily

More than 80 percent of the world's billionaires aged 40 or under are from the US and China, the latest ranking by the Hurun Under 40 Rich List shows, thanks to the booming entrepreneurship and startup firms in the two countries.

The US topped the list with 20, closely followed by China with 18.

Globally, 47 billionaires were included in the self-made rich list with an average age of 36, with 14 debuting in this year's Hurun list.

On average, self-made billionaires' wealth increased 29 percent.

The biggest gainers included Snapchat's Bobby Murphy and Evan Spiegel, who saw their wealth nearly triple to a combined US.9 billion after an initial public offering on the New York Stock Exchange this year.

San Francisco is home to the most billionaires with 12, followed by Beijing with eight. The telecom, media and technology segment accounts for the most billionaires with 33, followed by Investment with three.

Wang Tao, founder and CEO of civilian drone maker DJI Technology Co is the highest ranking Chinese on the list and one of only two Asians in the top 10 with US billion.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58September 24 2017 14:35:51

Nicole Kidman Recalls Oscar Glory: Loneliest Time

Attending Shanghai International Film Festival, Nicole Kidman talks about her role in "Grace of Monaco".

Labor Day Travel Peak Starts
Also in the News2014/05/01 12:16September 24 2017 14:35:51

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18September 24 2017 14:35:51

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'

Hollywood star Johnny Depp's speech in the upcoming new film "Transcendence" has been disclosed on Friday, April 11th.

Most Watched

News:
China World Business Sports Showbiz Audio
Video:
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
Photos:
China World Fun Travel Entertainment Sports
Travel:
Beijing Shanghai Guangzhou
Lifestyle:
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords