Chinese billionaires post biggest gains in history, fueled by IPOs


Source: eminetra.com eminetra.com

Key Topics in this News Article:

News Snapshot:

Amol Rajput 3 mins ago Jack Ma, Alibaba Group Jean Chung | Bloomberg | Getty Images A wave of IPOs and strong technological growth have helped Chinese billionaires add $ 1.5 trillion to their wealth, bringing the total value of Chinese billionaires to $ 4 trillion, according to a new report, which describes the increase as the country’s fastest growing. China hit 257 billionaires over the past year – an average of five new billionaires a week – bringing the total to 878, according to the Hurun Rich List 2020, which tracks wealth in China. That total would exceed the...