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Business trends

Select Chinese billionaires gain riches amid coronavirus turmoil

Xu Hang, founder of ventilator maker Mindray, now wealthier than Samsung chairman

The Shanghai Stock Exchange. Chinese stocks have fared better than their overseas peers during the pandemic, boosting the fortunes of some billionaires.    © Reuters

SHANGHAI -- The surge in demand for medical equipment, online learning and videoconferencing amid the coronavirus outbreak has increased the wealth of a number of Chinese billionaires by as much as 77% in just two months, according to Shanghai research company Hurun Research.

Tracking the impact of COVID-19 on the assets of the richest 100 globally over February and March, Hurun Research said Monday that nine of its Global Top 100 -- all Chinese -- grew wealthier while 86 saw a fall in their assets and five witnessed no change.

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