in September, saw his fortune rise to $38.2 billion in 2019, from $34.6 billion in 2018.economic growth may be easing but the country's savvy entrepreneurs continue to find ways to create new businesses and fortunes," said Russell Flannery, editor-in-chief of Forbes China. "Access to capital markets also notably helped."
The Chinese economy has been facing some headwinds as the protracted trade war with the U.S. continues to weigh on investor sentiment and outlook. TheStill, the total wealth of the 400 people on Forbes' China Rich List this year rose to $1.29 trillion this year from $1.06 trillion in 2018, according to the magazine. That's an increase of more than 20% compared to a year ago.
There were 60 newcomers this year — only those with a minimum net worth of $1 billion each could make the list.. The Chinese business magnate, who's CEO and co- founder of the tech conglomerate, saw his net worth reach $36 billion.— one of the largest real estate developers in China. Hui's net worth is $27.7 billion.
In fact, more than half of those who made the list saw their wealth climb in 2019, and about a quarter saw their fortunes decline, Forbes said.1) Jack Ma, founder of e-commerce giant
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