India Markets open in 3 hrs 24 mins

The Number of Ultra Wealthy Families in Greater China Hits 88,800

Fang Block

The number of ultra-high net-worth families in Greater China—those with at least US$30 million—reached 88,800 in 2017, rising 12.5% year-over-year, according to a Hurun Wealth Report released Tuesday. Beijing has 13,500 ultra wealthy families, the highest concentration in the region including China’s mainland, Taiwan, Hong Kong, and Macau. It’s followed by Hong Kong, which has 8,500 ultra-wealthy families, increasing 6.3%.