in 2024 while some of India’s most prominent billionaires had their wealth gains cut short the counterparts in China saw their fortunes rise for the first time in years Mukesh Amani Asia’s richest person took a hit from weak earnings in his petrochemicals business and a Slowdown in his retail arm the stronghold of his Telecom business would come under threat if Elon Musk is permitted to launch starink in India meanwhile a $265 million bribery charg by us authorities has contributed to a more than $40 billion wipe out from gam madani’s Fortune since its peak in June in China billionaires are now starting to recover their wealth after a rough ride thanks to president G’s common Prosperity Drive Low consumer spending and a persistent property crisis 10 cents pony m was the biggest winner this year the tech billionaire saw his fortune so $48 billion while xiaomi’s rapid push into the electric vehicle space helped its founder late June add another $12 billion to his wealth while the two richest Indian Ty ended up dropping out of the100 billion Club is still rank higher than China’s wealthiest on Bloomberg’s billionaire index but Chinese billion has still outnumber Indian peers by a sizable margin