Home / news / Billionaires’ wealth falls as Chinese economy stalls – For the first time in a decade, the world’s weathiest saw their riches drop in value last year as stock markets spluttered. American billionaires bucked the trend but only just.

Billionaires’ wealth falls as Chinese economy stalls – For the first time in a decade, the world’s weathiest saw their riches drop in value last year as stock markets spluttered. American billionaires bucked the trend but only just.

Billionaires’ wealth falls as Chinese economy stalls – For the first time in a decade, the world’s weathiest saw their riches drop in value last year as stock markets spluttered. American billionaires bucked the trend but only just.

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7 comments

  1. Billionaires are such a broken fucking concept

    What other proof do you need that nothing trickles down only up

  2. “Oh no! I only made 50 million this week instead of the usual 100 million!”

  3. Poor things. You have to feel for them.

  4. The guy on the right owns the stock market

  5. This is the best tl;dr I could make, [original](https://www.dw.com/en/billionaires-wealth-falls-as-chinese-economy-stalls/a-51162568) reduced by 86%. (I’m a bot)
    *****
    > The world's billionaires became poorer to the tune of $388 billion in 2018 as wobbling stock markets and a downturn in the Chinese economy hurt their wealth.

    > Over the previous five years, billionaires saw their wealth grow 34.5%, much of it due to the strong performance of global stock markets, the annual UBS and PwC Billionaires Insights report revealed.

    > The downturn prompted the net worth of Chinese billionaires to decline by 12.3%. The number of Chinese billionaires fell by 48 to 325.

    *****
    [**Extended Summary**](http://np.reddit.com/r/autotldr/comments/dtdv1u/billionaires_wealth_falls_as_chinese_economy/) | [FAQ](http://np.reddit.com/r/autotldr/comments/31b9fm/faq_autotldr_bot/ “Version 2.02, ~440940 tl;drs so far.”) | [Feedback](http://np.reddit.com/message/compose?to=%23autotldr “PM’s and comments are monitored, constructive feedback is welcome.”) | *Top* *keywords*: **Billionaire**^#1 **wealth**^#2 **year**^#3 **market**^#4 **number**^#5

  6. Wealth concentration causes recession. So it’ll be their fault when you’re eating your boot.

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