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

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

20230323 Billionaire

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

PAK YIU, Nikkei staff writer

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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