Chinese Billionaires’ 2020 Fortunes Grow By The Size Of Russia’s Economy

The Covid-19 pandemic has not stopped Chinese billionaires from getting even richer. A stock market boom and a flurry of new listings has further boosted their fortunes, according to the latest Hurun China Rich List. The super-rich – with wealth of at least 2 billion yuan (US$300 million) to make the list – added US$1.5 trillion to their collective nest eggs in the past year, equivalent to Russia’s annual economic output.

Read Here | South China Morning Post

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.