BEIJING — More than 200 billionaires were created in China last year as booming stock markets and a flood of new listings offset the ravages of the virus pandemic, according to a global tally released Tuesday.
The size of China’s exclusive billionaire’s club has almost doubled in the past five years as the world’s number two economy continued to outpace most others, and its ability to mostly avoid the worst of the coronavirus meant it was one of the few to expand in 2020.
And the Hurun Global Rich List showed 259 people breaking into the billion-dollar bracket — more than the rest of the world combined — taking China total to 1,058, the first country to break the 1,000 mark.
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Keep on reading: China’s billionaires club swells as market rally offsets virus pain