China’s 100 Richest 2024: Combined Wealth Climbs Back To $1 Trillion After A Two-Year Decline

Stimulus measures fueled a stock market rally that boosted fortunes of the majority of China’s richest.

A raft of measures designed to halt the property slump and fire up economic growth energized mainland China’s stock market, though concerns over structural challenges still linger. The benchmark CSI 300 index rose 12% since we last measured fortunes a year ago, propelling collective wealth, which had fallen below $1 trillion two years ago, to once again breach the 13-figure mark. That’s up 15% over last year’s combined $895 billion. The minimum net worth to make China’s top 100 increased to $3.9 billion, up from $3.4 billion in 2023.

raft of measures designed to halt the property slump and fire up economic growth energized mainland China’s stock market, though concerns over structural challenges still linger. The benchmark CSI 300 index rose 12% since we last measured fortunes a year ago, propelling collective wealth, which had fallen below $1 trillion two years ago, to once again breach the 13-figure mark. That’s up 15% over last year’s combined $895 billion. The minimum net worth to make China’s top 100 increased to $3.9 billion, up from $3.4 billion in 2023.