China has the second largest billionaire population in the world

Billionaires in U.S. are being followed by non other then those in China! It is official that China has become the country with the second largest population of billionaires in the world, just behind the US. Revealed by the World Entrepreneur magazine, a list of 2007’s top 500 Chinese magnates determined their combined wealth more than 587 billion dollars. Though the list included many from Chinese mainland, Taiwan, Hong Kong and Macao, the Kwok brothers of Sun Hung Kai Properties in Hong Kong topped the list.

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A news paper attributed this increase in Chinese entrepreneurs to a boom in the stock and property markets .