South China Morning Post CENTER (0.0) Reliability: 7.5/10

China minted a new billionaire every day last year as wealthy class swelled to a record

✍️ Daniel Ren 📅 October 28, 2025 10:00 AM 🕐 Scraped: October 28, 2025

Summary: A record 1,434 individuals, each with a net worth of more than US$700 million, have made it onto Hurun’s list of China’s richest people.

China saw a remarkable increase in the number of ultra-wealthy individuals over the past year, driven by a bull market in stocks, with leaders of “new economy”

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Author

Daniel Ren

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🌍 South China Morning Post

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Published Date

October 28, 2025 at 10:00 AM

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