The numbers from Hurun, a Chinese-based wealth research and luxury-advisory company, differ from those of Forbes, which said in March that China had only 213 billionaires, compared with 536 in the U.S. (For more on the fuzzy math of calculating billionaires see here.)
Yet they nonetheless suggest that despite widespread fears of a slowdown in China's economy and the government's crackdown on the wealthy, the Chinese super-rich continue to prosper. According to the report, the total combined wealth of China's billionaires was $2.1 trillion.
The richest man in China as of August was Wang Jianlin, chairman of conglomerate Dalian Wanda, who snatched the top spot back from Jack Ma of Alibaba.
With a net worth of $34.4 billion, Wang Jianlin and Dalian Wanda have made a string of high-profile purchases in recent years, including a $20.4 million Monet he bought at Sotheby's this spring.