Backed by a booming tech sector and surging asset prices, the wealth of mainland China’s billionaires jumped 22.2 per cent year on year to US$1.77 trillion in the 12 months to early April, according to the report published on Thursday.
With 70 new entrants, mainland China’s billionaire count rose to 470 from 427 – second only to the United States globally.
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Hong Kong’s billionaire population reached 76 in 2025 after five people joined the list and three dropped out. The city’s ultra-rich held US$328 billion in total wealth, up US$2 billion from last year.
Wang and Lu Xiangyang, founders of BYD – the world’s largest EV maker by units sold – recorded the tech sector’s second-biggest wealth gain after SpaceX founder Elon Musk, who topped the list.
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