While the vast majority of Hongkongers are already well aware of the ever-widening gap between the poor and the rich, it’s always good to have facts to back up your arguments.
Lo and behold, the grim facts: the combined net worth of Hong Kong’s top 10 wealthiest men is equal to 35 percent of the city’s gross domestic product, Bloomberg reports. In comparison, China’s top 10 billionaires only account for 1.4 percent of the country’s GDP.
In order of their ranking on the Bloomberg Billionaires Index, Hong Kong’s top 10 richest men are Li Ka-shing, Lee Shau-kee, Cheng Yu-tung, Yeung Kin-man, Thomas Kwok, Raymond Kwok, Peter Woo, Joseph Lau, and Lui Che-woo.
The calculations for Bloomberg’s “Billionaires’ Club” were made using the Billionaires Index and the International Monetary Fund’s estimates of GDP, and only the results from economies with at least 10 billionaires are available.
Top 10 billionaires’ wealth as a percentage of gross domestic product, in descending order:
1. Hong Kong
2. Sweden
3. Switzerland
4. Russian Federation
5. France
6. Brazil
7. India
8. Germany
9. Canada
10. United States
11. United Kingdom
12. China
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