China’s ultra-rich feel a very small pinch

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Chinese billionaires saw their net worth drop by 12% in 2018. That’s steeper than peers globally. But the number of super-tycoons shrank too, a reminder that wealth is concentrating in China, even at the very top of the economic pyramid. sharonlamhk

A model displays both a 100.20 carats and a 25.59 carats, that is known as 'The Sunrise Ruby', diamond rings at a pre-auction viewing at Sotheby's in Hong Kong April 3,2015. According to a press release by Sotheby's, the 100.20 carats diamond, described as"internally flawless" by Sotheby's, is expected to fetch between $19-25 million in a New York auction on April 21, 2015.

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