By Dat Nguyen  November 2, 2025 | 03:45 pm PT
Mainland China has seen its number of billionaire rising by 5.6% last year to 321, reversing a drop in recent years, according to a new report.
This makes China the second biggest home for billionaires behind the U.S. with a headcount of 1,135 by last year, according to a recent report by New York-based data analyzing firm Altrata.
Mainland Chinese billionaires collectively held about US$1.29 trillion in wealth, while their American counterparts had $5.74 trillion.
Germany came third with 184 billionaires, followed by the U.K and Russia, both with 128.
Altrata said that portfolios of the ultra-wealthy Chinese had been impacted by the property sector distress, regulatory pressure, softer domestic consumption and volatile capital markets.
The global billionaire population climbed 5.6% in 2024 to reach a new high of 3,508 individuals.
This was the strongest expansion since 2020, with wealth holdings bolstered by another year of robust equity returns.
The total net worth of the billionaire class surged by 10.3% to a record US$13.4 trillion.
This means that although billionaires comprise less than 1% of the global ultra-high net worth population, they hold almost a quarter of the groups’ total wealth.