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Comment by phil248 | Hacker News Reader

China.

"Although the U.S. will remain a world leader in the number of millionaires, reaching as many as 20.5 million over the next five years, Credit Suisse forecasts that China will mint new seven-figure fortunes at more than three times the rate over the same period."

https://www.bloomberg.com/news/articles/2018-10-18/u-s-to-re...

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But, with China having 4x the U.S. population, wouldn't "odds of becoming a (b/m)illionaire" still be higher in the States, even if raw amount of new millionaires is higher in China?

This is another oddly plucked stat from another Bloomberg clickbait article. Their internal rate of new millionaires is increasing, because they have fewer millionaires and more people. They’re still creating net less new millionaires than the US per year.

That makes sense given that China has ~4x the population of the United States.

well only if your chinese. chinese tend to not work well with non chinese.

I'd encourage you to read this book, it certainly made me think differently about China: Dealing with China: An Insider Unmasks the New Economic Superpower by Henry M. Paulson

https://www.amazon.com/Dealing-China-Insider-Economic-Superp...

I'd rather take economic and business advice from the hobo outside my bus stop screaming at pigeons than take advice from Hank Paulson.

It's not a self help book it's a story

Are you Chinese yourself? I have a number of really great native-born Chinese colleagues.

PHGamer's comment could have been phrased better. But I suspect the actual point is this: It might be hard for a non-Chinese to become rich in China - harder, say, than for a non-US-citizen to become rich in the US.

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