News Snapshot:
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 more than half of the 445 people who disappeared from the list, which ranks moguls with a minimum net worth of $1-billion, the Hurun Report said on Thursday. The world’s second biggest economy also added 69 new billionaires to the list during the period. “The number of billionaires in the world...
