China passes U.S. in number of billionaires, driven by mfg

Nov. 3, 2015 – The Associated Press is reporting that a survey has found China has passed the United States in the number of billionaires, driven by the rise of fortunes in manufacturing and information technology.

The Hurun Report, which follows China’s wealthy, said that the number of mainland Chinese billionaires rose by 242 this year to 596, surpassing the 537 company found in the U.S.

— With files from The Associated Press