China is home to more than 10% of the world's billionaires — and a whopping 94% of them are self-made, according to a new report from Wealth-X. Over the last several years, China's billionaire population has grown rapidly thanks to robust developments in tech, retail, and real estate. The average Chinese billionaire has a net worth of $2.7 billion. But since so many Chinese billionaires are relatively new to the 10-figure club, according to Wealth-X, "most are still in the wealth-creation rather than the wealth-preservation stage," and have far less liquid cash than their American and European counterparts.