Hong Kong’s Top 10 Billionaires Worth 35% of City’s GDP: Chartby and
The top 10 billionaires in Hong Kong have a combined net worth equivalent to 35 percent of the city’s economy, compared with ratios of 5.2 percent in India and 1.4 percent in China, according to calculations based on the Bloomberg Billionaires Index and International Monetary Fund estimates of gross domestic product. Growing inequality and the influence of tycoons are fueling discontent in the city and Zhang Dejiang, the Communist Party’s third-ranked leader, said on a visit last week that politics were a "distraction." The highest proportions in Europe are Sweden at 25 percent, Switzerland at 9.2 percent and Russia at 8.8 percent. Only economies with at least 10 billionaires on the index are shown.