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Quantity billionaires China has fallen 11% this year, the biggest decline in 24 years, according to the rankings Hurun China Rich List published on Tuesday.
This list includes individuals with a fortune of more than 5 billion yuan (691 million dollars).
This time, only 1,305 people entered the classification, down 11% from last year, the highest in 24 years.
In addition, the global wealth of these billionaires it also fell 18% to $3.5 trillion.
The fortunes of China’s mega-rich have been affected by the strict “zero COVID” policy enforced ever since. Beijingwhich disrupts production and supply chains.
They also suffered from the fall of stock markets after a two-year campaign to control the technology industry and from geopolitical instability caused by events such as the Revolutionary War. Ukraine.
by the list gurunthe real estate and healthcare sectors were particularly hard hit.
The richest
The top three richest people in the country are the same as a year ago, with Zhong shanghanfounder of Nongfu Spring bottled water company with $65 billion.
Alibaba Founder, Jack Mafell from fifth to ninth place after losing 29% of his fortune to $25.7 billion.
Nearly 300 people have dropped out of the list this year, most of them from the real estate industry, which is facing a serious debt crisis following a series of restrictions imposed by the government in 2020. (AFP)
Source: RPP
I am Dylan Hudson, a dedicated and experienced journalist in the news industry. I have been working for Buna Times, as an author since 2018. My expertise lies in covering sports sections of the website and providing readers with reliable information on current sporting events.