MANILA, Philippines — Most Chinese billion-dollar businessmen who have ventured out of China have settled in Southeast Asia, significantly contributing to the economic status of the region and the countries where they are in, a recent Global Rich List by Hurun Report showed.
The latest report by theresearch, media, and investments firm found that out of the 20 billionaires in the Philippines, nine or 45 percent are of Chinese descent.
Meanwhile, a large portion of Singapore’s wealthiest is Chinese, with a total of 65 percent or 23 out of 35 billionaires.
On the other hand, at least a quarter of Indonesia’s and Malaysia’s billionaires are Chinese, while …
Keep on reading: 45% of billionaires in PH are Chinese — study