It is official that China has become the country with the second largest population of billionaires in the world, just behind the US.

Revealed by the World Entrepreneur magazine, a list of 2007’s top 500 Chinese magnates determined their combined wealth more than 587 billion dollars.

Though the list included many from Chinese mainland, Taiwan, Hong Kong and Macao, the Kwok brothers of Sun Hung Kai Properties in Hong Kong topped the list.

The report suggests that there are more than 18,000 people in the country who have more than a hundred million yuan in wealth, and 440,000 people with 10 million.

Source Thaindian – Photos: Daylife