China’s billionaire population drops: Super-rich suffer as stock losses, yuan depreciation knock 229 off Hurun Global Rich List

China lost 229 billionaires in the last year as a faltering economy, sliding stocks and a depreciating yuan hit the country’s super-rich harder than their peers in any other nation, according to a new list published by Hurun Report.

Chinese moguls accounted for more than half of the 445 people worldwide who lost their status as US-dollar billionaires and dropped off of the Hurun Global Rich List. The number represents the biggest decline in Chinese billionaires since the list was first published in 2013.