Billionaires no more: Covid-19, market rout and trade war drove 160 Chinese tycoons from Hurun’s 2022 wealth rankingUnited States & Canada – South China Morning Post

Source: United States & Canada – South China Morning PostChinese tycoons suffered the biggest setback among the world’s US dollar-based billionaires as 160 of them slipped out of the ranking, outnumbering those from any other countries, according to a new list published by Hurun Report.They made up nearly half of the 337 drop-offs since the start of the year due to a combination of wealth-destroying events, according to the Hurun Global Rich List 2022 published on Thursday. The US and Russia lost 32 and 13 billionaires, respectively.“Covid-19 and the…Read More

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