China occupies the world’s real estate business, with 139 out of the world’s 239 real estate billionaires are Chinese.
Leaving other countries including the US far behind, China possesses 58 percent of the world’s real estate billionaires.
According to the latest Hurun Global Real Estate List, the US has 26 real estate billionaires, followed by the UK with 17. Moreover, the list indicated that Hong Kong alone is home to 25 real estate billionaires, the highest global concentration.
Chinese billionaire Xu Jiayin topped the List with a net worth estimated at $37 billion. US President Donald Trump came in the 82nd spot with $3 billion.
Developers from China occupied the top four spots on the list. Li Ka-Shing of Hong Kong reserved the second spot with $29 billion, and Lee Shau Kee of Henderson Development with $27 billion.
In addition, the only real estate female billionaire, in the top 10, was none but the one and only Yang Huiyan of Country Garden arriving in fourth spot with $23 billion.
Chairman of California-based Irvine Donald Bren was ranked as the richest US real estate billionaire with a net worth of $17 billion, nearly 6 times more than Trump’s estimate.
According to the report, American Adam Neumann of WeWork is the only self-made real estate billionaire under age 40 with a net worth estimated at $6.5 billion and a company’s value at $42 billion.
Chairman of Hurun Research Institute Rupert Hoogewerf said in a report related to the list that the urbanization trend in China has prompted the biggest wealth records, with most of the world’s biggest developers being Chinese.
The Hurun Global Rich List used data of 2,470 billionaires across the world to produce its report.