The meltdowns of the stock market in 2018 are shuffled by $ US1 trillion ($ NZ1.5t) of the fortunes of the world's richest individuals, with more than 212 Chinese tycoons losing their dollar billionaire status, according to a list of wealth compiler Hurun Report
The report, China's version of the Forbes rich list, showed Chinese billionaires still outnumbered those from any other country as of January 31, at 658. Several newly minted ones amassed wealth through big share offerings. The US had 584 billionaires.
Trader Jonathan Mueller works in a cabin on the floor of New York City, with the most billionaires at 1
But while Chinese and other Asians are steadily gaining wealth, Amazon founder Jeff Bezos led the world's wealthiest for the second year running, with wealth estimated by the Hurun Global Rich List at $ US147 billion . Bill Gates ranked second with $ US96 billion and Warren Buffett was third with $ 88 billion. The wealthiest Chinese was Alibaba's founder Jack Ma, with $ US39 billion.
* The debt-clogged world near the tipping point of recession
* Gates' fortune rose $ US6 billion in 2018, said * Jeff Bezos becomes the richest person in modern history
* Billionaires compared to the rest of US Hurun Report CEO Rupert Hoogewerf, despite his enthusiasm for philanthropy