Here's your Forbes Daily Briefing for Saturday, November 9th.

Today on Forbes, China's 100 Richest 2024, combined wealth climbs back to $1 trillion

after a two-year decline.

This past year in China, stimulus measures fueled a stock market rally that boosted fortunes of the majority of the

country's richest. A raft of measures designed to halt the property slump and fire up economic

growth energized mainland China's stock market, though concerns over structural challenges

still linger. The benchmark CSI-300 index rose 12% since Forbes' last-measured fortunes a year ago,

propelling collective wealth, which had fallen below $1 trillion two years ago,

to once again breach the 13-figure mark.

That's up 15% over last year's combined $895 billion.

The minimum net worth to make China's top 100 increased to $3.9 billion, up from $3.4 billion

in 2023.

A total of 60 fortunes are up this year, but 22 bucked that trend to record net worth declines.

A notable person in the latter category is water and beverage tycoon, Zhang Shan Shan,

founder of Nang Fu Spring, which has faced an intense price war in China's bottled water

market.

Zhang's wealth shrank by $9.3 billion, the biggest drop in dollar terms, to $50.8 billion, though he retained the number one rank

as China's richest person for the fourth year in a row. The biggest dollar gainer is Ma Hua Tang,

chairman of 10-cent Holdings, who added $14.7 billion to take his fortune to $46.8 billion

and moved up two places to number two, a position he last held in the $1,7 billion to take his fortune to $46.8 billion and moved up two places to number two,

a position he last held in 2020. Shares of the internet behemoth jumped 49% over the past year

on higher revenue from online games, streaming services, and advertising.

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