The richest 130,000 families account for more of the elite’s collective fortunes, as Beijing tries to fire up growth.

Last year, an employee at Citigroup accidentally initiated a fund transfer to a customer’s account that would have made them ...

Both are owned by ByteDance. Zhong Shanshan is China’s richest person, according to the Bloomberg Billionaires Index. Yet he and his company, Nongfu Spring, have had a tumultuous year.