Mainland China has added 70 new billionaires, with 98% of these Chinese billionaires being self-made.

Recently, UBS released the 11th "Billionaire Report", providing insights into the wealth landscape of individuals with assets exceeding $1 billion. The data shows that by 2025, the number of billionaires will increase to 2,919, with a total wealth of a record $15.8 trillion, a 13% increase. In the Asia-Pacific region, the number of billionaires increased from 981 to 1,036, topping the global rankings. Mainland China added 70 new billionaires by 2025, bringing the total to 470, second only to the United States. It is worth noting that in 2025, 196 self-made billionaires globally added $386.5 billion to their wealth, second only to the 360 in 2021. They come from diverse fields such as marketing software, infrastructure, catering, genetics, and liquefied natural gas, with notable figures including Ben Lamm, founder of Colossal Biosciences, Michael Dorrell, co-founder of Stonepeak Partners, and the Zhang brothers of China's Mei-Xue Ice City. In fact, the trend of the rising number of self-made billionaires has been continuing for many years. Lu Zijie, Head of Wealth Management for UBS China, pointed out that in terms of growth data, the Greater China region is the largest growth engine for billionaires globally - the total wealth of mainland Chinese billionaires reached $1.8 trillion, a 22.2% year-on-year increase. More notably, 98% of the individuals mentioned are self-made entrepreneurs, consistent with the characteristics of most Chinese first-generation entrepreneurs.