Chinese billionaires boost their fortunes at record pace despite coronavirus crisis

not stopped

Covid-19 has not stopped China’s super-rich from making more money. Thanks to booming share prices and new stock listings, they now own a combined fortune of $4 trillion – a sum greater than the economy of Germany.

This year has seen the biggest wealth increase in the 22-year history of the Hurun China Rich List, according to researcher Rupert Hoogewerf, the founder of Hurun Report and ‘godfather’ of the rating. The list includes the wealthiest people in China – those whose fortunes exceed two billion yuan, or nearly $300 million.

Continue reading https://on.rt.com/asv4