More than 330 billionaires in the world have dropped in the list of the rich, China accounts for nearly half

According to the Shanghai-based Hurun Report, Chinese billionaires are among the group with the most wealth deficit among global billionaires, with 160 billionaires falling down the wealth chart. The number 160 makes China the country with more billionaires than any other country in the world.

The “Hurun Global Rich List 2022” ranking announced by Hurun Report on March 17 shows that since the beginning of this year due to the impact of activities causing asset deficit, 337 billionaires have dropped in rank on the ranking list. world and Chinese billionaire property has up to 160 characters. In which, the US and Russia have 32 and 13 billionaires, respectively, whose assets have been reduced in value.

“The Covid-19 pandemic and the prolonged US-China trade war have led to a decrease in the list of affected countries. Chinese billionaires are the ones who have been hit hard,” said Rupert Hoogewerf, president and chief research officer of Hurun Report, according to the South China Morning Post (SCMP).

The tech industry overhaul last year cost Chinese tech companies at home and abroad more than $1 trillion. The fortunes of billionaires continue to suffer because recently the number of Covid-19 cases is increasing at the highest level since the epidemic appeared in Wuhan city of Hubei province 2 years ago. as well as Russia’s war in Ukraine, and US pressure measures on the Chinese stock market and geopolitical instability.

China’s richest billionaires who are also seeing the biggest decline in wealth this year include CEOs in e-commerce, real estate, education, pharmaceuticals and e-cigarettes. Specifically, in the list of 10 world billionaires with the most asset deficit, 9 are Chinese citizens and the other is Meta founder Mark Zuckerberg.

Also according to Hurun Report, Colin Huang Zhen, founder of e-commerce platform Pinduoduo, saw his net worth drop by $50 billion to $19 billion as of January 14. This is double the amount that billionaire Zuckerberg lost during the same period.

Although the wealth of hundreds of billionaires has decreased, China continues to lead the world in the number of billionaires with 1,133 people, an increase of 75 people compared to the previous billionaire ranking. The US has 716 billionaires headed by Tesla CEO Elon Musk with a fortune of $205 billion. Reliance Industries’ billionaire Mukesh Ambani ranks first among India’s 214 billionaires.

Overall, the 3,381 billionaires living in 69 countries around the world increased their total net worth by 4% to $15.2 trillion. According to Hurun Report, the top 10 billionaires in the world own a fortune of more than 100 billion USD each.

Due to the decline in property values ​​and global volatility, philanthropy has also been greatly affected. Accordingly, only 5 of the top 10 billionaires in the world have donated more than 1 billion USD in 2021.

According to Minh Thu