Chinese billionaires’ wealth plummets by one third

Chinese billionaires lost almost a third of their combined wealth in the past year as Asia’s mega-rich experienced the biggest drop in their total net worth compared to anywhere else in the world, a new study shows.

The group’s fortunes shrunk by a whopping $160 billion in the year to July 31.

See Rajeshni Naidu-Ghelani’s story at Business Insider.

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