Chinese President Xi Jinping may have launched a war on poverty in China, but the wealth effects of the nation’s growth have had profound effects among the upper echelon, as a group of 2,130 individuals now have fortunes equivalent to the economy of the UK, according to the Hurun Report’s 2017 rich list.
At least 74 individuals joined the group with fortunes of more than US$300 million in this year’s list, adding to the 2,056 who made last year’s list, bringing their combined assets to US$2.6 trillion, roughly the same size as the GDP of the UK, the world’s fifth largest economy.