CHINA'S BILLIONAIRES ARE slowly starting to recover their wealth after three years of losses from a property crisis and Xi Jinping's push for common prosperity at the expense of powerful private business owners.
The combined fortunes of 55 of the nation's wealthiest tracked by the Bloomberg Billionaires Index have risen 16% to $809.6 billion since the beginning of January, after a roller-coaster year marked by sweeping easing measures from Beijing that ultimately drove stocks higher.
Tech tycoons are leading the rebound. Tencent's Pony Ma is the biggest winner of the year, with his fortune surging by more than a third to $47.9 billion, according to Bloomberg's wealth index, which tracks the world's 500 richest people. He was followed by Lei Jun, founder of smartphone maker Xiaomi, which has surged on its rapid push into electric vehicles. The tech billionaire has added $12.8 billion.
Diese Geschichte stammt aus der December 19, 2024-Ausgabe von Financial Express Kolkata.
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Diese Geschichte stammt aus der December 19, 2024-Ausgabe von Financial Express Kolkata.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
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