Hurun Report has published its annual rich list, ranking over 3,300 billionaires from 2,500 companies and 69 countries – including South Africa.
Despite the Russia-Ukraine war, Covid-19 and the US-China Trade War, the past 12 months have been good for the world’s richest people.
“China continued to pull away from the US in the past year, up 75 to 1,133 ‘known’ billionaires, compared with the US, which added 20 to 716. The inflection point came in 2016 when China’s billionaires first overtook the US. Since then China’s billionaires have more than doubled in number compared whilst those in the US grew by a third,” it said.
Crypto billionaires also made a mark, Hurun said, with crypto markets producing 17 “known” billionaires – led by Singapore-based Cz Zhao Changpeng, of Binance fame, with an estimated net worth of $23 billion. Crypto billionaires are generally associated with cryptocurrency exchanges, as their source of wealth.
The top 10 added $235 billion over the year and are now worth $1.3 trillion or 9% of the total list. Seven are from the US, two from France and one from India.
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