China minted 1 new billionaire each day in 2024: Report
China saw a rise in its ultra-rich population in 2024, with a new billionaire being minted almost every day, Hurun's China Rich List reported. This was driven by bull market in stocks, with leaders of “new economy” companies emerging as primary beneficiaries. Last year, 1,434 individuals made it to the list, while latest list shows an increase of 340 individuals.