|China's Super-rich Feel Slowdown Says Report|
Some of China's richest people have felt the effects of economic slowdown in the country, their wealth reducing in the last year, according to the Hurun Rich List.
China has 251 people worth $1bn (£616m) or more, 20 fewer than last year. However, the number is still a huge increase compared to 2006, when there were only 15. It is the first time in seven years that the number of billionaires in China has fallen.
The Chinese economy has slowed in recent months with growth falling to a three year low of 7.6%, compared to the previous year.
The benchmark guage of shares listed at the Shanghai Stock Exchange has fallen 23% this year and the property market has declined, subdued by government measures to bring down prices.
Of the 1,000 richest people tracked by Hurun, nearly half saw their wealth shrink in the past year.
Topping the list this year is Zong Qinghou, from the beverage company Wahaha, who is worth $12.6bn.
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Published on our website on September 27, 2012