Sunday, November 16, 2008

The Year of the Rat takes a bite from China's billionaires



The Year of the Rat has been challenging for China's billionaires as well.

According to Forbes: "the combined net worth of the 400 richest [Chinese] dropped to $173 billion from $288 billion."

Liu Yongxing, president of East Hope Group, is now number one in China as his wealth has risen from $0.6 billion to $3 billion.