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Business trends

China keeps title as home to billionaires even as global wealth falls

Founder of scandal-hit conglomerate Adani Group loses 35% of wealth

Amazon founder Jeff Bezos, Chinese online retailer Pinduoduo founder Colin Huang and Indian billionaire Gautam Adani. (Source photos by Getty Images and Reuters) 

HONG KONG -- China kept its title as home to the most billionaires last year but the world's wealthiest lost 10% of their fortunes amid a stock market rout and the Ukraine war, according to a new report.

The latest JDYD Liquor-Hurun Global Rich List 2023 revealed the number of billionaires dropped by 269 to 3,112 globally, with China's richest accounting for most of the reduction.

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