Assets of the Wealthy Shrink, and Internet Technology Moguls Drop on China’s Rich List

Tycoons in beverage, vaccine, pig breeding sectors rise in the rich ranking

Rupert Hoogewerf (R), best known as Hurun, announces this year's "Rich List" in Beijing, on Oct. 19, 2012. Wang Zhao/AFP via Getty Images

News Analysis

A newly released list of China’s 100 richest people indicates that the total wealth of entrepreneurs, in particular fortunes in Internet technology, diminished significantly. Experts believe that this may be related to the overall economic decline and that their assets would be further reduced from a future trend.