nov 8 reuters  chinas superrich saw their wealth tumble by the most in over two decades this year as the russiaukraine war beijings zerocovid measures and falling mainland and hong kong stock markets pummelled fortunes an annual rich list said on tuesday the hurun rich list which ranks chinas wealthiest people with a minimum net worth of 5 billion yuan 692 million said only 1305 people made the mark this year down 11 from last year their total wealth was 35 trillion down 18 meanwhile the number of individuals with 10 billion fell by 29 to 56 and the number of dollar billionaires dropped by 239 to 946 this year it added this year has seen the biggest fall in the hurun china rich list of the last 24 years said rupert hoogewerf chairman and chief researcher of research firm hurun report which compiles the list the global economic outlook has this year been heavily impacted by the war in ukraine and slowing economic growth in china that has in turn been exacerbated by the countrys ultrastrict covid policies and a prolonged property slump a twoyear regulatory crackdown that has hit chinas biggest tech names such as alibaba group 9988hk and tencent holdings 0700hk and concerns that president xi jinping will sacrifice growth for ideology in his third term have also weighed on investor confidence with hong kong and mainland stock markets tumbling in recent weeks yang huiyan the businesswoman behind country garden holdings co ltd 2007hk which like many other chinese developers has been battling debt issues saw her wealth fall by 157 billion the biggest drop on the 2022 list zhong shanshan whose listed companies are water bottler nongfu spring 9633hk and vaccine developer beijing wantai biological pharmacy enterprise 603392ss took first place on the list for the second year running with a fortune that grew 17 to 65 billion the founder of tiktok owner bytedance zhang yiming took second place but saw his wealth fall 28 to 35 billion due to a drop in bytedances valuation in third place was zeng yuqun chairman of battery giant catl 300750sz tencent founder pony ma posted the second largest drop in wealth of 146 billion amid sliding tech stock prices to take fifth place on the list alibaba founder jack ma and his family tumbled four places to be ranked no 9