Jack Ma leads the pack as Chinese billionaires’ 2020 fortunes grow by the size of Russia’s economy

//Jack Ma leads the pack as Chinese billionaires’ 2020 fortunes grow by the size of Russia’s economy

Jack Ma leads the pack as Chinese billionaires’ 2020 fortunes grow by the size of Russia’s economy

The Covid-19 pandemic has not stopped Chinese billionaires from getting even richer. A stock market boom and a flurry of new listings has further boosted their fortunes, according to the latest Hurun China Rich List.The super-rich – with wealth of at least 2 billion yuan (US$300 million) to make the list – added US$1.5 trillion to their collective nest eggs in the past year, equivalent to Russia’s annual economic output.They now own a combined fortune of US$4 trillion, more than the gross…

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By | 2020-10-20T03:13:15+00:00 October 20th, 2020|Headlines|Comments Off on Jack Ma leads the pack as Chinese billionaires’ 2020 fortunes grow by the size of Russia’s economy