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Wealth of China's super-rich individuals plummets as economy slumps

News Snapshot:

The wealth of Chinese super-rich persons has declined due to the economic slump with the number of affluent Chinese individuals going down by 11 per cent from last year and their total wealth shrinking by 18 per cent, China Daily reported. The new Hurun Research Institute report released on Tuesday, reported that the number of affluent Chinese individuals is down 11 per cent from last year. Their total wealth has also shrunk 18 per cent year-on-year to 24.5 trillion yuan. The report further added that a total of 1,305 individuals with a minimum personal wealth of 5 billion yuan entered…

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