The Nanfang / Blog

More Chinese Billionaires Come From This Guangdong Town Than Anywhere Else

Posted: 08/26/2014 7:02 pm

billionaire birthplaceWe know wealth is accumulating in China faster than anybody thought possible, but where do these billionaires come from? The answer might surprise you.

A study jointly published by English business magazine Spear’s and financial consulting company Wealth Insight has listed the cities which spawned the most number of billionaires. Beijing isn’t on the list at all, and Shanghai turns up with five born-and-raised billionaires. But the top city in Mainland China? Foshan, in Guangdong Province.

It tied with Hangzhou for top spot in Mainland China, but both were behind Taipei (eight billionaires) and way behind Hong Kong with its 17.

Globally, it may come as no surprise that New York finished first.

billionaire birthplace

While there might be something in the water in Foshan, it has a long way to go before it gets near New York’s crown. One in every 21 New Yorkers is a millionaire, a ratio not likely replicated in the PRD anytime soon.


Photos: Business Insider


Nanfang TV: Guangzhou holds private party for billionaires seeking wives

Posted: 05/24/2012 7:00 am

For many people in China, the naked pursuit of money and power is nothing to be ashamed of.  After all, practicality and money trumps outdated concepts like love and courtship, right?

That is definitely the case for 28,000 women who painstakingly filled out application forms in an attempt to bag one of 11 billionaires who are seeking wives.  A private party was held at the Garden Hotel in Guangzhou last Sunday (May 20) featuring 320 of the finalists – those whose applications were deemed sufficient for closer inspection.  The billionaires themselves weren’t apparently in attendance; rather, their minions had the task of sorting the wheat from the chaff, so to speak.

Free More News reports the average age of the women applying was 28, with the youngest being only 19:

Among all the applicants, a lot of them have received higher educations. Some have studies abroad and hold master’s degrees. One of the billionaire claimed to have over ten billions yuan of assets. He said he was under 50, divorced, and looking for a beautiful woman who must be a virgin around 20 to 26 years old.

We present the long-song filled footage from the private party in today’s Nanfang TV.

Keep in Touch

What's happening this week in Shenzhen, Dongguan and Guangzhou? Sign up to be notified when we launch the This Week @ Nanfang newsletter.

sign up for our newsletter

Nanfang TV