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China lost nearly 100 billionaires in 2024 as the country went from supercharging global wealth creation to diluting it, according to a recent UBS report. Meanwhile, the number of APAC billionaires dropped below 1,000 as wealth growth flattened. Mainland China had 427 billionaires in 2024, down from 520 in 2023. While it minted 42 new billionaires this year, China also…
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