China's economy has seen a significant impact, with over a third of its billionaires losing their status. According to a recent report, the number of Chinese billionaires has decreased by 33% due to economic fluctuations. This development highlights the challenges faced by China's wealthy elite as they navigate the country's shifting economic landscape.

Source: https://www.ft.com/content/0895e824-baee-4bcc-bb68-28558050dd48