The Chinese economy is known for its distinctive difficulties and chances. Aging demographics, slumping productivity, shrinking labor force, the U.S. and other nations limiting tech transfer, the real estate market correcting its bubble, high unemployment among the younger generation, corruption, and regulatory alterations can all affect businesses and, hence, the wealth of billionaires. CEOWORLD Magazine features the 20 most significant decreases in the net worth of Chinese billionaires in recent times.
China’s development will not come close to restoring the rapid growth experienced during the period from 1980-2010, when annual growth was close to 10%. This has caused dismay among global leaders and investors, who can no longer rely on China to provide a buffer against economic insecurity.
With that said, below are the Chinese billionaires affected by the myriad of economic factors and how much their net worth has been impacted in 2023.
- Zhang Yiming
Net worth: $42.3 billion
Year to Date (YTD) Loss:-$12.6 billion - Pang Kang
Net worth: $9.33 billion
Year to Date (YTD) Loss:-$7.79 billion - Zhong Shanshan
Net worth: $61.3 billion
Year to Date (YTD) Loss:-$6.22 billion - Richard Liu
Net worth: $8.16 billion
Year to Date (YTD) Loss:-$5.08 billion - Yang Huiyan
Net worth: $5.22 billion
Year to Date (YTD) Loss:-$4.66 billion - Li Shu Fu
Net worth: $9.92 billion
Year to Date (YTD) Loss:-$4.49 billion - Jin Baofang
Net worth: $5.20 billion
Year to Date (YTD) Loss:-$4.48 billion - Wang Wei
Net worth: $10.4 billion
Year to Date (YTD) Loss:-$4.41 billion - Qin Yinglin
Net worth: $13.6 billion
Year to Date (YTD) Loss:-$3.84 billion - Lin Jianhua
Net worth: $5.28 billion
Year to Date (YTD) Loss:-$3.59 billion - Chen Bang
Net worth: $9.57 billion
Year to Date (YTD) Loss:-$3.33 billion - Wu Yajun
Net worth: $6.39 billion
Year to Date (YTD) Loss:-$3.21 billion - Wang Xing
Net worth: $9.74 billion
Year to Date (YTD) Loss:-$2.87 billion - Jack Ma
Net worth: $29.5 billion
Year to Date (YTD) Loss:-$2.74 billion - Chen Jianhua
Net worth: $5.96 billion
Year to Date (YTD) Loss:-$2.55 billion - Zhong Huijuan
Net worth: $6.06 billion
Year to Date (YTD) Loss:-$2.35 billion - Li Shuirong
Net worth: $7.72 billion
Year to Date (YTD) Loss:-$2.29 billion - Cao Renxian
Net worth: $5.10 billion
Year to Date (YTD) Loss:-$2.10 billion - Xu Yangtian
Net worth: $21.5 billion
Year to Date (YTD) Loss:-$2.01 billion - Wang Chuan-Fu
Net worth: $18.2 billion
Year to Date (YTD) Loss:-$1.78 billion
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