With the rise in the stock market, more than 200 new billionaires were added to China last year. The number of billionaires in China has more than doubled in the past five years, according to a list released by the Hurun Global Rich List on Tuesday. China, the world’s second-largest economy, has seen rapid growth over the past few years. Although the coronavirus epidemic has severely affected the economy in most countries of the world, China has made good progress in 2020 after dramatically controlling the coronavirus in a timely manner. According to Hurun, by 2020, 259 billion people have entered the list. Including this, the total number of billionaires in China has reached 1,058. China has become the first country in the world to cross the 1,000-billion mark. In comparison, 70 new billionaires have emerged in the United States, the second-best developing country. Including this, the total number of billionaires in the United States has reached 696. Zhong Shanshan, the founder of Nongfu, which trades water in China, has a net worth of 85 billion. With the rise in the stock market.
Zhong, who has been involved in construction in the past, was able to raise 11 billion in cash by issuing an initial public offering (IPO) in Hong Kong last year. In one year, three people have amassed a fortune of more than 50 billion. According to the survey, the fortunes of Alan Musk of Tesla, Jeff Bezos of Amazon and Colin Huang of Pinduodu have increased by 50 billion. Overall, China is leading the world in terms of wealth creation. According to Hurun, China has added 490 new billionaires in the past five years, while the United States has added 160. Rupert Hugworth, chairman of the Hurun Report, said that despite the coronavirus epidemic, some people had managed to earn the most in a decade last year. The main reasons for this are the listing of new companies in the stock market and the rise in the stock market. He says Asia has probably created more billionaires than the rest of the world in the last 100 years. The survey also shows that the highest number of billionaires is now in Chinese cities. Six of the world’s top 10 billionaire cities are in China. For the past six consecutive years, Beijing has been in the first place. With the rise in the stock market.
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