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China's superrich decimated as economic downturn wipes out billions

Por: Newsweek World November 08, 2022

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China's wealthy lost hundreds of billions of dollars in 2022 as the global economic downturn also shook up the country's typically high-growth industries, according to an annual rich list published on Tuesday.The number of Chinese entrepreneurs worth 5 billion Chinese yuan ($710 million) or more on September 15 fell by 11 percent, or 160 people, to 1,305, compared to the same time in 2021, said Hurun Report, which is led by Rupert... + full article



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