The annual list of Chinese individuals with wealth of 2 billion yuan (US$310 million) or more has tripled in the past decade. 2,918 Chinese billionaires now own wealth worth $5.3 trillion, rising 24% in a year.
Technology titans, on the other hand, plunged in rankings following a crackdown by Beijing on the sector. The net worth of Alibaba cofounder Jack Ma, who topped the list last year, fell 36% to $39.6 billion.
Meanwhile, assets of property magnate Hui Ka Yan, founder of debt-stricken China Evergrande Group, declined almost 70% over the past year. Read more
