China’s Billionaire Boom: Surging Wealth Hits Record High Despite Economic Woes

China has experienced a significant surge in the number of ultra-wealthy individuals, with a new billionaire minted every day last year, as reported by the Hurun Research Institute. The latest China Rich List reveals 1,434 individuals each possessing a net worth of at least 5 billion yuan, showing an increase of 31% from the previous year.…

This data comes from the ChinaPulse.com media intelligence and smart news insights monitoring platform.