Wealth of Chinese billionaires soars as asset prices rally in post-lockdown resurgence

Wealth of Chinese billionaires soars as asset prices rally in post-lockdown resurgence

REUTERS/Petar Kujundzic

The wealth of China’s ultrarich jumped 41 per cent from April 2019 to the end of July this year, gaining from the rally in asset prices after the trough in March brought on by the coronavirus pandemic, helping the country’s richest citizens to collectively break the $1.5 trillion mark and boost global billionaire wealth to a record high.

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