229 businessmen from the Asian giant have seen their status as billionaires vanish due to Beijing's anti-covid policy and the war in Ukraine. Chinese tycoons accounted for more than half of the 445 entrepreneurs who have lost their status.

The richest man in China and fifteenth in the world is Zhong Shanshan, creator of the Nongfu Spring bottled water empire. Zhong, who ranks first on the national list since 2020, saw his net worth decline 4% year-on-year.