Despite the slump, China remains top of the list with 814 billionaires, a new report says.
China has lost a total of 155 billionaires after slowing growth wiped off wealth, according to a new report.'China is down 155 billionaires but still world number one with 814,' a Hurun Global Rich List 2024 report said on Tuesday.The Hurun Research Institute, a China-based research firm, unveiled the 'Hurun Global Rich List 2024' on Tuesday, revealing major shifts in China's wealth landscape.
This makes it the global leader, closely followed by the U.S., which has 800 billionaires after adding 109 to its ranks. Together, these two powerhouses account for 49 percent of the globe's billionaires, a slight decrease from previous years.Notably, 40 percent of the billionaires featured in the Hurun Global Rich List from two years ago have since lost their billionaire status. Even so, China has introduced 120 new members to this exclusive club.
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