On Wed, 5 Mar 2008 19:40:17 -0800 (PST), visualseeplus@[EMAIL PROTECTED]
>Forbes ranks Asia's booming billionaires
>by James Hossack
>
>NEW YORK (AFP) - The number of billionaires in Asia jumped more than
>30 percent last year, with tycoons from India and China leading the
>charge, according to Forbes magazine's annual billionaires list.
>
>In total, this year saw 1,125 people around the world making the list,
>up from 946 last year, representing a total net worth of 4.4 trillion
>dollars and a dramatic increase from 3.5 trillion dollars in 2007.
This self-evidently represents a rapid concentration of wealth. The
rich are getting richer largely at the expense of those lower down.
>"A lot of the fortunes in China and Asia in general are in real estate
>and infrastructure development as the booming economies basically
>build up to handle all of the growth," she said.
Hehe. Own land in a booming economy, and become a billionaire for
doing precisely nothing.
>Property magnate K.P. Singh came in eighth on the list, with a fortune
>estimated at 30 billion dollars.
Wow. Pocketed quite a bit of publicly created land value for doing
nothing, didn't he?
>Twenty-six-year-old Yang inherited her 7.4-billion-dollar wealth when
>her father transferred his shares in the Country Garden Holdings
>property company he founded into his daughter's name.
A double parasite! Daddy pockets billions in publicly created land
value at the expense of the public that created it, in return for
contributing absolutely nothing, then daughter also gets it in return
for doing precisely nothing.
-- Roy L
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