Time for the billion-dollar question in China
“With money, you can buy a clock but not time,” according to a Chinese proverb. If that’s true, Fabergé clock sales in the world’s most populous country look set to rocket. The latest Forbes Billionaires list, published this week, includes a record 2,755-dollar billionaires, with China supplying 205 new entrants to this most exclusive of rich lists.
But how likely are the newly ultra-wealthy in China to find themselves buying or flying in private jets? There seem to be mixed signs from this most complicated of countries. David Dixon, president, Jetcraft Asia told Corporate Jet Investor he did not expect to find an extra 205 prospective clients outside his office door on Monday morning waiting to buy an aeroplane.