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Rise of the Emerging Market Billionaire: China posts more billionaires than the U.S. for the first time

Rise of the Emerging Market Billionaire:

China posts more billionaires than the U.S. for the first time

Emerging nations such as China and India have long been touted as having the fastest-growing economies in the world; we can now add fastest-growing billionaire population to that list. According to a survey released on October 15, 2015 by Huron Reports Inc., China has overtaken the U.S. as the country with the most billionaires. The number of U.S. dollar billionaires in mainland China more than doubled to 596 from last year’s 242, this is compared to 537 American billionaires. “Despite the slowdown in the economy, China’s richest have defied gravity, recording their best year ever, and creating more wealth than any country has ever done before in a year,” said Rupert Hoogewerf, publisher of the Huron Report.

Excel Funds Management Inc. has long-spotted this trend of billionaire growth across the world and as a result recently launched the Excel Billionaire Leaders Fund which allows investors to capitalize on the earnings power and future potential of publicly traded companies in which billionaires have a vested interest. As a specialist in developing markets, Excel Funds also recognizes that it is impossible to ignore nations like China and India as the firm truly believes this is where value-add and outperformance lies. Investment holding company, Tencent Holdings Limited, owned by Chinese billionaire Ma Huateng came in 4th on the Huron Report’s “China Rich List” and is also a top ten holding of the Excel Billionaire Leaders Fund. 1

1 Excel Investment Counsel Inc., as at September 30, 2015.

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