Wealthy Chinese in the mainland are becoming richer at a faster rate than their overseas compatriots, China News Agency reported quoting a blue book of overseas Chinese - Annual Report on Overseas Chinese Study (2014) - published on Monday.
The report shows that in 2013, the wealth growth rate of the 180 richest in the Chinese mainland was four times than that of the 180 richest overseas Chinese businessmen. And the total wealth of the 100 richest in the mainland exceeded that of the richest 100 overseas Chinese in the ASEAN.
Jack Ma, the 50-year-old founder of China's biggest e-commerce company Alibaba, surpassed Li Ka-shing, the Hong Kong property tycoon who has held the top spot in Asia since April 5, 2012. Wang Jianlin, founder of property developer Dalian Wanda Group, trails the two, according to the Bloomberg Billionaires Index.
According to the report, both the mainland and overseas rich started empty-handed and have now expanded their businesses into multiple fields, especially real estate.
Compared with the mainland rich, business of the overseas Chinese are more international and diversified and they move slowly on the rich list.
They face more pressure from their family business and suffer from poor stability of their business growth.
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