According to the latest Forbes billionaires list for 2024, China now has more billionaires than the United States, with 814 Chinese billionaires compared to 800 American billionaires.

This marks a huge shift from previous years, where the US consistently had the highest number of billionaires in the world. Despite China’s slowing economic growth and challenges faced by some of its major tech companies, the country’s billionaire population has continued to rise, reflecting the increasing wealth and influence of China’s business elite on the global stage.