China Sees Decline in Billionaires in 2024 Amid Financial and Property Struggles
In 2024, China experienced a notable decline in the number of billionaires, driven largely by turmoil in its property and financial markets. According to UBS, the economic challenges have significantly impacted the country’s wealthiest individuals. The downturn has reduced their net worth and, in some cases, caused them to lose their billionaire status. The China