superrich

Alibaba’s Jack Ma and China’s super-rich see billions wiped off fortunes as economy slows

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China’s super-rich saw their wealth tumble by the most in over two decades this year, as the Russia-Ukraine war, Beijing’s zero-Covid measures and falling mainland and Hong Kong stock markets pummeled fortunes, according to an annual rich list. The Hurun rich list, which ranks China’s wealthiest people with a minimum net worth of 5 billion … Read more

China’s super-rich see fortunes plunge as economy slows

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China’s super-rich saw their wealth tumble by the most in over two decades this year, as the Russia-Ukraine war, Beijing’s zero-COVID measures and falling mainland and Hong Kong stock markets pummelled fortunes, an annual rich list said on Tuesday. The Hurun Rich list, which ranks China’s wealthiest people with a minimum net worth of 5 … Read more