Continuing its rapid post-COVID economic recovery, it has been revealed that China created more billionaires in 2020 than the rest of the world combined.
According to the Hurun Global Rich List, 259 billionaires broke into the exclusive club, meaning China now boasts a total of 1,058 billionaires and is the first country in the world to break the 1,000 level.
In comparison, the United States created 70 new billionaires in 2020, although people who were already billionaires like Jeff Bezos and Bill Gates saw their profits surge during the pandemic.
“China – the country where Covid first emerged and which has been accused of covering up its early spread, leading to the pandemic – has seen its economy boom while the rest of the world’s finances have been hammered by the disease,” reports the Daily Mail.
Read More: China Created More Billionaires Than Every Other Country Combined During Pandemic
