INTERNATIONAL: China Has 58% of World’s Real Estate Billionaires, Leaving U.S. Far Behind

PHOTO: Hong Kong has 27 real estate billionaires, compared to 9 in New York. GEORGE ROSE/GETTY IMAGES

With 139 of the world’s 239 real estate billionaires, China accounted for a whopping 58% of the world’s total, leaving other countries far behind, according to the Hurun Global Real Estate Rich List released Thursday. The runner-up, the U.S. has 26 real estate billionaires, followed by the U.K., with 17.

Hong Kong had the highest concentration of real estate billionaires in the world with 25.

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“The urbanization megatrend in China has driven the biggest wealth explosion in the history of world, with the result that most of the world’s largest real estate developers today come from China,” Rupert Hoogewerf, chairman and chief researcher of Hurun Research Institute, publisher of the list, said in a statement.