The stories of the individuals on the Hurun China Rich List tell the story of the Chinese economy," said Rupert Hoogewerf, Hurun's Chairman and Chief Researcher.
The number of China's billionaires has dropped by a third since 2021, according to an annual rich list... the total peaked in 2021 with 1,185 billionaires, a figure which fell to 753.
Most new faces this year came from Taiwan, which has enjoyed a relatively strong stock market, underpinned by its semiconductor industry.
Some wealthy citizens are looking for covert ways to move their wealth out of China.
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