Oct
29
Billionaires Keep Bubbling Up in China’s Soaring Property Market
By-
Country’s property moguls more than double wealth in 2017
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Limited liquidity, crossholdings common among billionaires
Nowhere on Earth is wealth being created faster than in China’s mainland property market.
The collective net worth of the country’s richest developers has rocketed upward since the start of the year, adding $44.3 billion to the fortunes of seven real estate tycoons.
As China’s regulators move to tame a frenzied property market, investors are betting that the largest companies will squeeze out smaller competitors and extend their dominance in a consolidating industry…
Billionaires Keep Bubbling Up in China’s Soaring Property Market
