Top 20 Chinese Billionaires Who Have Lost the Most Wealth in 2023

The Chinese economy is known for its distinctive difficulties and chances. Aging demographics, slumping productivity, shrinking labor force, the U.S. and other nations limiting tech transfer, the real estate market correcting its bubble, high unemployment among the younger generation, corruption, and regulatory alterations can all affect businesses and, hence, the wealth of billionaires. CEOWORLD Magazine features the 20 most significant decreases in the net worth of Chinese billionaires in recent times.

China’s development will not come close to restoring the rapid growth experienced during the period from 1980-2010, when annual growth was close to 10%. This has caused dismay among global leaders and investors, who can no longer rely on China to provide a buffer against economic insecurity.

With that said, below are the Chinese billionaires affected by the myriad of economic factors and how much their net worth has been impacted in 2023.

1. Zhang Yiming
   Net worth: $42.3 billion
   Year to Date (YTD) Loss:-$12.6 billion
2. Pang Kang
   Net worth: $9.33 billion
   Year to Date (YTD) Loss:-$7.79 billion
3. Zhong Shanshan
   Net worth: $61.3 billion
   Year to Date (YTD) Loss:-$6.22 billion
4. Richard Liu
   Net worth: $8.16 billion
   Year to Date (YTD) Loss:-$5.08 billion
5. Yang Huiyan
   Net worth: $5.22 billion
   Year to Date (YTD) Loss:-$4.66 billion
6. Li Shu Fu
   Net worth: $9.92 billion
   Year to Date (YTD) Loss:-$4.49 billion
7. Jin Baofang
   Net worth: $5.20 billion
   Year to Date (YTD) Loss:-$4.48 billion
8. Wang Wei
   Net worth: $10.4 billion
   Year to Date (YTD) Loss:-$4.41 billion
9. Qin Yinglin
   Net worth: $13.6 billion
   Year to Date (YTD) Loss:-$3.84 billion
10. Lin Jianhua
    Net worth: $5.28 billion
    Year to Date (YTD) Loss:-$3.59 billion
11. Chen Bang
    Net worth: $9.57 billion
    Year to Date (YTD) Loss:-$3.33 billion
12. Wu Yajun
    Net worth: $6.39 billion
    Year to Date (YTD) Loss:-$3.21 billion
13. Wang Xing
    Net worth: $9.74 billion
    Year to Date (YTD) Loss:-$2.87 billion
14. Jack Ma
    Net worth: $29.5 billion
    Year to Date (YTD) Loss:-$2.74 billion
15. Chen Jianhua
    Net worth: $5.96 billion
    Year to Date (YTD) Loss:-$2.55 billion
16. Zhong Huijuan
    Net worth: $6.06 billion
    Year to Date (YTD) Loss:-$2.35 billion
17. Li Shuirong
    Net worth: $7.72 billion
    Year to Date (YTD) Loss:-$2.29 billion
18. Cao Renxian
    Net worth: $5.10 billion
    Year to Date (YTD) Loss:-$2.10 billion
19. Xu Yangtian
    Net worth: $21.5 billion
    Year to Date (YTD) Loss:-$2.01 billion
20. Wang Chuan-Fu
    Net worth: $18.2 billion
    Year to Date (YTD) Loss:-$1.78 billion

Have you read?
Revealed: The Biggest Beer Companies in the World, 2023.
Ranked: Most Popular Dog Breeds in the U.S. of 2023.
Revealed: Countries With the Highest Suicide Rates, 2023.
Ranked: These Are The Most Dangerous Jobs in the World, 2023.
America’s Best Investment Advisory Firms, 2023.