China's billionaires see biggest gains ever, adding more than $1.5 trillion to their fortunes [MSNBC.com]
Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share (BABA)
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Source: MSNBC.com
A spate of IPOs and robust tech growth helped 's billionaires add $1.5 trillion to their wealth, bringing the total worth of 's billionaires to $4 trillion, according to a new report, which described the increase as the country's fastest growth ever. minted 257 billionaires over the past year — averaging five new billionaires a week — bringing the total to 878, according to the Hurun Rich List 2020, which tracks wealth in . That total would exceed the 788 billionaires in the U.S., as measured by -X. (-X and others, however, use different methodologies for and put 's billionaire count lower than that of the U.S.)"The world has never seen this much wealth created in just one year," said Rupert Hoogewerf, Hurun Report chairman and chief researcher. "'s entrepreneurs have done much better than expected. Despite Covid-19, they have risen to record levels."'s soaring stock markets, a flood of initial public offerings and surging growth in the tech sector have all helped to fuel the country
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BABA
Earnings
- 2/7/24 - Beat
BABA
Sec Filings
- 4/30/24 - Form 6-K
- 4/2/24 - Form 6-K
- 3/26/24 - Form 6-K
- BABA's page on the SEC website