Core Insights - China experienced a significant increase in ultra-wealthy individuals, with a record 1,434 individuals on the Hurun Rich List, marking a 31% increase from the previous year [1][6] - The collective wealth of these individuals reached 30 trillion yuan, reflecting a 42% rise compared to last year [2] - The surge in wealth is attributed to a bull market in stocks and the emergence of leaders from "new economy" companies [1][7] Individual Wealth Highlights - Zhong Shanshan reclaimed the top position with a fortune of 530 billion yuan, a 56% increase [3] - Zhang Yiming, founder of ByteDance, fell to second place despite a 34% increase in his wealth to 470 billion yuan [4] - Li Ka-shing and his son Victor Li saw their wealth rise 18% to 235 billion yuan, although they dropped from sixth to ninth place overall [5][8] Market Dynamics - The record number of individuals on the Hurun list is largely driven by a strong rally in stock markets [6] - The technology sector's growth and increased exports contributed to the expansion of the billionaire club [7]