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Dongguan home to 18,000 multi-millionaires
2012-08-09  read:16066

According to the "Hurun Wealth Report" for 2011, released on 31st July this year, there were 1.02 million mainland Chinese with more than 10 million RMB. This was a 6.3% rise over 2010 and the first time it broke the 1-million mark. The report showed that Dongguan had 18,000 individual multi-millionaires. This was an increase of 3,400 over 2010, and also the first time Dongguan ranked among Hurun's top 10 multi-millionaires in China.

The report showed that Guangdong Province had 167,000 multi-millionaires. This was itself an increase of 6.3% over 2010, and ranks Guangdong second in China's rich list. Beijing was ranked first, and Shanghai third. The Guangdong multi-millionaires are mainly from Guangzhou, Shenzhen and Dongguan, 55,000, 52,000 and 18,000 respectively.

(By Stefanie Tan and Sev Pischl)