The stock market meltdowns in 2018 obliterated $US1 trillion ($NZ1.5t) of the fortunes of the world's richest individuals, with more than 212 Chinese tycoons losing their dollar billionaire status, according to a list by wealth compiler Hurun Report. The report, China's version of the Forbes rich list, showed Chinese billionaires still outnumbered those from any other country as of January 31, at 658. RICHARD DREW/AP Trader Jonathan Mueller works in a booth on the floor of the New York Stock Exchange. MICHAEL NAGLE/BLOOMBERG A monitor displays stock market information on the floor of the New York Stock Exchange in New York on January 2 this year. Their total overall wealth fell by $US950 billion from the year before to $9.6 trillion thanks to stock market gyrations and a strong US dollar, it said.

Source: Stuff February 27, 2019 09:56 UTC