• About
  • Advertise
  • Contact
Friday, August 12, 2022
  • Login
WRITE FOR US
Economy.pk
  • Economy
  • Politics
  • Technology
  • Education
  • Life & Style
  • Health
  • World
No Result
View All Result
Economy.pk
  • Economy
  • Politics
  • Technology
  • Education
  • Life & Style
  • Health
  • World
Economy.pk
Home Business

China’s Grand Entreé among the Global Billionaires

bySidra Butt
March 13, 2021
in Business, Economy, Main, New
Reading Time: 2 mins read
0
Billionaires club
75
SHARES
593
VIEWS
Share on FacebookShare on Twitter

On Tuesday, according to the global tally more than 200 billionaires were created in China, Due to the virus pandemic last year it had a damaging effect on the booming stock markets and flood of new listings offsets.


China’s exclusive billionaire’s club has almost doubled in volume in the past five years.

RelatedPosts

Double whammy for Karachiites as NEPRA approves Rs11.10 hike in power tariff amid load shedding

Police Demand new vehicles worth 8 billion

Prices of Superior Kerosene Oil and Light Diesel Oil expected to increase

The world’s number two economy continued to outrun most others, Its ability to avoid the worst of the coronavirus meant it was one of the few to expand in 2020.


The Hurun Global Rich list showed that 259 people broke into the billion-dollar bracket more than the rest of the world amalgamated taking China in total to 1,058, making China the first country to break the 1,000 marks with comparison to the United States which witnessed 70 new billionaires created taking its total to 696.


The chief of the Chinese pack was Zong Shanshan of bottled water giant Nongfu, which for the first time entered the list with an $85 billion fortune, putting them in number one in Asia as well as in the Hurun’s global top 10. Last year a former construction worker Zhong, made his cash following a $1.1 billion initial public offering in Hong kong.


However, a suppression on e-commercing giant Alibaba saw tycoon Jack Ma fall down. The beloved of China’s entrepreneurs has come under pressure from regulators, who have reined in Fintech, Ant group, Alibaba, and on anti-trust issues.


A survey found that the three global individuals who are known to be one of China’s fastest-growing e-commerce players added more than $50 billion within a single year. It’s comprised of Tesla’s Elon Musk, Colin Huang of Pinduoduo, and Amazon’s Jeff Bezos.

Tags: AliBabaAmazonNongfuTesla
Sidra Butt

Sidra Butt

Related Posts

Double whammy for Karachiites as NEPRA approves Rs11.10 hike in power tariff amid load shedding

Double whammy for Karachiites as NEPRA approves Rs11.10 hike in power tariff amid load shedding

On Thursday the National Electric Power Regulatory Authority (NEPRA) notified an increase in the power tariff by Rs11.10 per unit...

Police wish-list to cost exchequer Rs8 billion

Police Demand new vehicles worth 8 billion

Punjab Police has demanded new vehicles worth Rs. 8 billion from the provincial government. The department has sent a proposal...

Next Post
Stock Exchange.

Stocks rose to 370 points with Aggressive Investment.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Making Pakistan Proud; Pakistani Filmmaker Hamza Baig Selected as a Mentee for Forecast 7 in Germany

Making Pakistan Proud; Pakistani Filmmaker Hamza Baig Selected as a Mentee for Forecast 7 in Germany

Double whammy for Karachiites as NEPRA approves Rs11.10 hike in power tariff amid load shedding

Double whammy for Karachiites as NEPRA approves Rs11.10 hike in power tariff amid load shedding

Crow stuck in kite strings saved on LHC premises

Crow stuck in kite strings saved on LHC premises

Pakistani Cricketers will Now Get Rs. 838,000 Per Test Match

Pakistani Cricketers will Now Get Rs. 838,000 Per Test Match

Police wish-list to cost exchequer Rs8 billion

Police Demand new vehicles worth 8 billion

Chinese national safely rescued from Arabian Sea near Karachi

Chinese national safely rescued from Arabian Sea near Karachi

Connect with us

Twitter

Economy.pk

Economy.pk touches diverse topics with a lighter note and is geared toward audiences with various interests and all ages. Come and explore Economy.pk. Ample details and analysis are provided in extraordinarily readable manner making them compelling and interesting at the same time.

Category

  • World
  • Politics
  • Business
  • Technology
  • Education
  • Health
  • Life & Style
  • Opinions

Social Media

  • Facebook
  • Instagram
  • Twitter
  • Linkedin

Sitelinks

  • Sitemap

Download our APP

download on android app download on apple app
  • About
  • Advertise
  • Contact

© 2022 All Rights Reserved Economy.pk | Designed & Developed by Digital Otters

  • LATEST
  • World
    • Europe
    • Americas
    • Asia
    • Oceania
    • Africa
    • Canada
    • Middle East
  • Finance
  • Politics
  • Business
    • Economy
    • Finance
    • Entrepreneurship
    • Real Estate
  • Technology
    • Cyber Security
    • Mobiles
    • Social Media
  • Education
  • Sports
  • Life & Style
    • Personalities
    • Art
    • Culture
    • History
    • Entertainment
    • Fashion
    • Food
    • Health
      • Environment
      • Fitness
  • Sponsored

© 2022 All Rights Reserved Economy.pk | Designed & Developed by Digital Otters

No Result
View All Result

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In