Hawker Beechcraft Eyes China’s New Rich

“The population of wealthy [individuals] and their wealth [itself] is growing rapidly in China,” said Sean McGeough, Hawker Beechcraft vice president Europe, Middle East, Africa and Asia, at a press conference here at ABACE yesterday. There are now 1.3 million high-net-worth individuals with a combined wealth of $4.3 trillion in China, he said. Some 8,000 are ultra-high-net-worth individuals worth more than $30 million each, with a combined wealth of $1.1 trillion.