Millionaires and Billionaires

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Various lists have come out recently that detail China richest (see here and here). It’s a testament to the madness of the stock market that Bill refers to below the country now boasts no less than 345,000 millionaires and–get this–106 billionaires, second only to the U.S. A lot of it is funny money/paper money but the figures are still pretty amazing. I wonder if there’s a figures for “hundredaires” (which I just invented) , those people whose income is a hundred bucks or less a year. To be fair not many of those left in China (actually, having checked, it’s 35.5 million beloiw 958 RMB, which is about $125), but “thousandaires”….that’s a different story.

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