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2013 Hurun Report: The Growth of the Super-Rich Slowing Down

According to the 2013 Hurun Report released on April 15, 2013, the number of super-rich Chinese, defined as individuals with a net worth of 100 million yuan, grew two percent to 64,500 individuals, the slowest growth in the past four years. Beijing is home to more millionaires than any other city in China, accounting for 475,000 millionaires (in US dollars), followed by Shanghai with 390,000.

Eighty percent of these people are business owners, 15 percent are real estate investors, and five percent are day traders in the stock market.

These estimates of the 2013 Hurun Report are based on the macro-statistics from the National Bureau of statistics of China and on micro-statistics, including ownership of luxury homes and automobiles, income tax returns, sales of other luxuy items and registered capital of businesses.

Source: Xinhua, April 18, 2013