The Hurun Global Rich List published on Tuesday revealed that a record 430 billionaires lost their status in 2018. However, 201 fresh faces have joined the list as well.
Altogether, the people on the list are worth $9.6 trillion, a drop of $950 billion from the previous year. “Poor stock market performances and an appreciating dollar were the main reasons for this year’s record drop in billionaires,” Rupert Hoogewerf, founder and lead researcher of Hurun Institute, stated.

Amanda Blankenship is a full-time stay-at-home mom. Her family recently welcomed their second child, a baby boy, into the world. She loves writing about various topics, including politics and personal finance. In her spare time, Amanda loves to play with her kids, make food from scratch, crochet, and read.
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