New Chinese billionaires outpace US by 3 to 1 past year

New Chinese billionaires outpace US by 3 to 1 past year

Shanghai, China. Photo: Kin Li

China minted three times as many new billionaires than the United States in the past year, with fortunes made in drugs and online entertainment after a mini-boom from the coronavirus outbreak, a ranking of the world’s wealthiest people shows.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter