China, Billionaire | featured news

Which country has the largest number of billionaires, China or America? China. According to the latest Hurun Global Rich List 2013, China had 212 billionaires in 2013, compared to 211 in America.

In a lengthy explainer on Monday night, MSNBC host Rachel Maddow illustrated how a risky bet and some seemingly shady dealings in China helped earn casino mogul Sheldon Adelson tens of billions of dollars, and possibly even some criminal charges.

An Australian mining magnate has commissioned a Chinese shipyard to build a replica of the ill-starred Titanic; complete in every detail but equipped with modern technology to prevent a repeat of the original's fateful maiden voyage 100 years ago.

Liang Wengen of Sany Heavy Industry is the new number one with a net worth of $9.3 billion, followed by Robin Li.

Move over Anthony Weiner, there is a new Casanova on Twitter. Chinese billionaire Wang Gongquan announced on the social media website that he was leaving his wife for his mistress, according to the Daily Mail. "I am giving up everything and eloping with Wang Qin. I feel ashamed and so am leaving without saying goodbye. I kneel down and beg forgiveness," he Tweeted.

Only 14 women in the world have earned their own 10-figure fortunes, and half of them struck it rich in China.

China ranks second only to the United States in the number of billionaires, according to an annual report of the 1,000 richest people in the country.