Over the past week ending on September 30, the combined wealth of the 54 Chinese billionaires tracked by the Bloomberg Billionaires Index surged by approximately 19%, marking the largest weekly gain since the list began tracking the world's wealthiest 500 individuals in 2016. During this period, the total wealth of Chinese billionaires increased by nearly $130 billion.
The Chinese stock market has seen an impressive rise of over 25%, significantly impacting the fortunes of the country's wealthiest individuals. Tencent Holdings Ltd. co-founder, Ma Huateng, emerged as one of the biggest beneficiaries of the stock market rebound. His net worth has grown nearly 50% this year, reaching $51 billion, driven by the success of Tencent's recent hit game, "Black Myth: Wukong."
