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SHANGHAI: More than 400 people lost their billionaire status last year, most from China, as global monetary tightening, Covid-19 disruptions and Beijing’s crackdown on major tech companies hurt the super wealthy, a ranking of the world’s wealthiest showed. China lost 229 billionaires from the Hurun Global Rich List 2023, accounting for more than half of the 445 people who disappeared from …
Read More »China’s super rich population drops as tech crackdown, global factors hurt wealth
March 24, 2023