Quote:
Originally Posted by Dragon Horse
Ta ma de! Remember that China is a country where a good percentage of the population still lives on $2 or less a day and the average income per years (even with purchasing power parity) is less than $8K a year, real dollars are $2K a year. Mexico by contrast has 1 billionaire and $11K (PPP) per capita, real $8K per year.
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The number of billionaires per capita is China is still very low, which is compatible with the fact that China has low income per capita. If you want to make a mathematical comparison between the rich Chinese and average Chinese, you have to compare the total number of billionaires and the total amount of wealth China has.
It is already clear that the number of billionaires boosts this year due to the stock market. This wealth is not stable and volatile. America has 400 billionaires, which are real billionaires. Chinese billionaires can become homeless tomorrow.