China's billionaires rise to 130 despite global crisis

Car battery tycoon Wang Chuanfu topped a new list of China's 1,000 richest people released Tuesday, which has 130 dollar billionaires in an emphatic declaration of the Asian giant's economic arrival. Most of the super-wealthy on the Hurun Rich List, unlike Wang, made their fortunes in the property and stock markets.China's wealth is growing at breakneck speed, Rupert Hoogewerf, the founder of the Shanghai-based Hurun Report which publishes the annual list, told a press conference. You can double the real number of billionaires in China to 260, Hoogewerf said, noting China has the most known dollar billionaires after the United States.