INSPITE OF PREVIOUS WORLD FINANCIAL CRISIS AND RECENT SLOW RECOVERY THE USA AND CHINA HAVE GAINED SEVERAL NEW BILLIONAIRES AND MULTI-BILLIONAIRES TO MANY PEOPLE SURPRISE.


Amidst previous world financial crisis, the USA and China had surprisingly added several names of the wealthy to the lists of new billionaires, despite the crisis that shook the world's major financial markets,while the Chinese billionaires have continuously made rebounds from recession setback that took them off the lists of new billionaires and multi-billionaires and the American's wealthiest have continuously experienced creation and not recreation of new billionaires and multi-billionaires that have accounted for the biggest number of billionaires and multi-billionaires, when compared to any country in this world.
Ironically the emphasis on the USA gradual economic down trend attributed to slow recovery , currency devaluation struggle,recession and outsourcing meant minimal loses at the domestic markets and much gains in the foreign markets for the USA over four hundred billionaires and multi-billionaires functioning efficiently with, or without direct, or indirect link to the USA huge and dominating world economy.


Written by Godfrey Ohia.