China’s super-rich see wealth plunge

China’s super-rich have seen the biggest fall in their wealth in over two decades, as the Ukraine war, Beijing’s ultra-strict Covid policies and falling local stock markets slashed fortunes
   

Zhong Shanshan
CEO of water bottler Nongfu Spring

Zhang Yiming
Founder of ByteDance, owner of TikTok

Zeng Yuqun
Founder of battery manufacturer CATL


TOP TEN RICHEST IN CHINA

Net worth (as of Sep 15, 2022)	Change in wealth (year-to-date)

1. Zhong Shanshan		Nongfu Spring 	$65 billion (+17%)
2. Zhang Yiming			ByteDance	$35bn (-28%)
3. Zeng Yuqun			CATL		$32.9bn (-28%)
4. Li Ka-shing & family 	Cheung Kong	$31.4bn (+2%)
5. Ma Huateng			Tencent		$30.7bn (-32%)
6. Ding Lei			NetEase		$27.9bn (+14%)
7. He Xiangjian & family 	Midea		$27.1bn (-11%)
8. Qin Yinglin & Qian Ying 	Muyuan 		$26.4bn (+9%)
9. Ma Yun & family		Alibaba		$25.7bn (-29%)
10. Huang Zheng			Pinduoduo	$24.3bn (-26%)
	

DOLLAR BILLIONAIRES

2022: Number of dollar billionaires drops by 239 to 946 from 2021 figure. Number of individuals with $10bn down by 29 to 56

0    3  7  18 106 101 129 189 254 251 315 354 596 594 647 620 621 878 1,185 946    
2003 04 05 06 07  08  09  10  11  12  13  14  15  16  17  18  19  20  2120  22
      

Source: Hurun China Rich List 2022 
Pictures: Newscom, Getty Images 
© GRAPHIC NEWS