For the very first time since the 2008 financial crisis, global household wealth plunged as the interest rates ascended and inflation remained tenaciously elevated.

Over 3.5 million people lost 'dollar millionaire' status last year: Report

Over the previous 11 months, China has cracked down on its internet behemoths. As China begins to silence its internet billionaires, companies like Tencent, Alibaba Group, Ant Group, Didi, and others have faced growing regulatory pressure.

China cracks down on tech titans: Billionaire loses $27 billion in world's biggest wealth drop

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