China's Rich See Decline in Wealth

(Beijing) – China's richest entrepreneurs bagged a little less wealth last year amid a slowing economy, according to a recent report by the Hurun Research Institute.

The Hurun Rich List for 2012 found that nearly 50 percent of China's top 1,000 high net worth individuals saw their assets decline. The report also found that 77 percent of entrepreneurs had listed companies which dipped in market value.