The translation of the heading to English is: "China's Billionaires in Decline: One-Third Less Since 2021.

The number of dollar billionaires in China has dropped by more than a third over the past three years, according to a report by the Hurun research group. Government crackdowns, economic weaknesses, and weak stock markets are taking their toll. From a peak of 1,185 in 2021, the number has fallen to just 753, a decline of an impressive 36 percent. This dramatic reduction contrasts with a moderate ten percent depreciation of the renminbi against the dollar over the same period. In the last twelve months alone, there has been a 16 percent decline in dollar billionaires, while the renminbi lost only 2.5 percent against the dollar. Notably, the composition of the list has changed: older entrepreneurs, particularly in the real estate sector, are yielding to younger, innovative players like Zhang Yiming from ByteDance, who became China’s richest person for the first time with a fortune of 49 billion dollars. Zhang Yiming displaced Zhong Shanshan, the so-called "bottled water king," from the top spot. He leads the company Nongfu Spring, whose stock value fell by 40 percent after being criticized on social media as "pro-Japanese." Prominent names from Hong Kong, Macau, and Taiwan are also on the list. Rupert Hoogewerf, chairman of the Hurun Report, notes that the list has been shrinking for three consecutive years, reflecting the challenges of China's economic and stock markets. The wealth estimates were made at the end of August and do not take into account the strong stock market rally in September following the announcement of a monetary stimulus package. Former giants of the real estate industry have been decimated by the property market crash, while E-commerce billionaires like Pony Ma and Colin Huang remain more resilient despite government measures. In 76th place is Chris Xu Yangtian from Shein with a fortune of seven billion dollars. With 30 representatives, there are now also many billionaires outside mainland China, especially in the USA and Singapore, indicating the increasing popularity of Asian city-states as offshore addresses for China's wealthy. The list also highlights the growing influence of entrepreneurs in smartphones and renewable energy, with representatives like Robin Zeng from CATL, Li Zhenguo from Longi, Lei Jun from Xiaomi, and Wang Tao from DJI.