China

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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