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back to article Top UK billionaires considerably richer than Chinese ones ... for now

A rundown of the richest people in China has revealed that the very wealthiest British billionaires collectively boast more cash than their counterparts in the People's Republic. The top ten wealthiest Chinese citizens are worth a total of £69.31billion ($109.3billion), according to an annual analysis by the Hurun Research …

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WTF?

What?

'Hurun Research estimated that a quarter of its Rich List 2013 were members of the Communist Party.'

On the face of it, they're hardly sharing the wealth around are they?

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MrT
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Any Old Majors on the list?

'All animals are equal, but some animals are more equal than others.'

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Re: What?

Hurun Research estimated that a quarter of its Rich List 2013 were members of the Communist Party. ®

That's rich!

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Meh

Re: What?

"'Hurun Research estimated that a quarter of its Rich List 2013 were members of the Communist Party.'"

The 1st duty of the revolutionary is to preserve himself (and his fortune of course) for the revolution.

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Re: What?

Chinese communism has nothing but the name and the authoritarianism in common with traditional Marxist communism. It's effectively fascism with communist rhetoric duct-taped on top.

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@ Vociferous

"Chinese communism has nothing but the name and the authoritarianism in common with traditional Marxist communism. It's effectively fascism with communist rhetoric duct-taped on top."

ALL forms of communism are "fascism with communist rhetoric duct-taped on top."

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Coat

Ah, duct tape. Is there anything it can't do ?

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Anonymous Coward

Re: What?

Only a quarter? that has to be wrong... how can the party allow such people to gain riches without being party members!

I am very disappointed.....

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At least ten people in China will be able to afford the price that Apple have set the iPhone 5S at then.

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French Revolution N°2

What will we call it when the world's population has had enough of learning how rich the rich are ?

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Re: French Revolution N°2

As Reg readers are probably all in the global top ten percent of wealthy people (if compared with the entire global population), we probably won't be around to care what it's called.

There's a cheery thought

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The UK's main business now is banking.

And banks, bankers and traders have amazing sweetheart deals with the state, better than they'd ever get in Switzerland or Hong Kong or USA.

So there's really very little wonder that the super-ultra-mega rich congregate in London.

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Re: The UK's main business now is banking.

Can we therefore presume that MPs accept cheaper backhanders in London than anywhere else. ....

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I can't help noticing

that I am considerably richer than Yu.

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Facepalm

British or not British

Did I misread something?

The subtitle reads

However, note that we didn't say British billionaires there

and while headline does indeed avoid saying British, the first paragraph undoes this with:

A rundown of the richest people in China has revealed that the very wealthiest British billionaires collectively boast more cash than their counterparts in the People's Republic.

So, are the "British" billionaires cohort more cash-rich than the Chinese ones or just the UK billionaire cohort?

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Re: British or not British

this is in reference to the numerical value "British billion", which is IMHO much more logical and sensible than the system adopted in the 70's, as you only add a new description when you need it, not just every three 0's

a billion is 1,000,000,000

a british billion is 1,000,000,000,000 - ie you have 1 hundred thousand million before going to the billion.

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Re: British or not British

I would argue that it is necessary to give a new name after every three 0s. In the same manner as a we have in IT Mega, Giga, Terra, Peta, Exa etc ....

I think is easier to think in terms of "2.7 Giga" than it is to think about "two thousand seven hundred Megas", or worse, "two thousand seven hundred million bytes" or even worse "twenty one thousand six hundred million bits". And this is only at the Gigabyte level....( although that is roughly where the Billionaires are for the moment)

it is also far easier to write.....

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Re: British or not British

You are describing the difference between short scale and long scale. Short scale, a billion is a 1000 millions, in long scale a billion is a million millions.

Anyway, it's funny that you call it a "British billion", since historically long scale has been used by the French, the Spanish, the Dutch and the Portuguese (and hence, their colonies), who all call 10⁹ a "millard" (miljard/milhar/millardo) and 10¹² a billion. The British use the short scale.

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British billionaires

Every British heart must swell with pride at news that we've greater concentrations of wealth than China.

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Re: British billionaires

Not forgetting what the proverb states about what comes before a fall.......

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