[–] hyperoperation 0 points 3 points 3 points (+3|-0) ago
A lot of US billionaires invest their dollars overseas and a lot of Chinese billionaires buy land and other investments within the US. In a globalized economy billionaires really don't have borders. I'd be more interested in seeing where billionaires worldwide are investing their money.
[–] tpdplsio 0 points 1 point 1 point (+1|-0) ago
You hit it with US real estate for the Chinese. Real estate in London and Switzerland for billionaire Russians trying to escape inflation in the ruble and so they have somewhere safe for their families to live. Lots of people making more speculative investments in Africa but real estate in the US/London/Switzerland is considered a safe bet.
[–] ScientiaPotentia 0 points 1 point 1 point (+1|-0) ago
While the Chinese work 60 hour weeks for the betterment of their nation and people, the US and Europe are invaded by the 3rd World wasting trillions and the entire reason for their existence.
[–] Imapopulistnow ago
We are in denial which is a typical emotional reaction to change, but the bottom line is that China's economy in real terms is already the largest in the world and its long term trend is to grow much faster than the developed world economies.
Very soon China will be the global power in many areas that we have taken for granted to be America's domain. Global currency being just one example. People will need to adjust to the fact that the American dominance and quite possibly its prosperity are in permanent decline.
[–] pumeler 0 points 6 points 6 points (+6|-0) ago (edited ago)
1.35 Billion in total population versus 319 million. Remember that the top 1% that we hear so much about would be over 3 million people (the article states that there are 537 Billionaires in the US). Yeah it sucks as an american to see us on the decline, but some perspective on this helps.
[–] frankenham ago
Holy crap, 500?
[–] Veni_Vidi_Vici ago
If you spread it around a bit you could easily make 500.000 millionaires, which is still a fraction of the 9.630.000 the US already had in 2014.