Business |
October 29, 2019

The Hurun Research Institute unveiled on Thursday, the 2019 LEXUS·Hurun China Rich List, a ranking of the richest individuals in China. The wealth calculations are a snapshot of Aug 15.

However, the number of people on the list continued to shrink for two consecutive years, with nearly 40 percent of entrepreneurs dropping out of the list since last year. It is “the biggest drop since records began 21 years ago,” Rupert Hoogewerf, chairman and chief researcher of Hurun Report, said.

On the other hand, 19 people on this year’s list saw their fortune exceed 100 billion yuan, the biggest jump.

The threshold for the top 50 richest Chinese people rose by 10 billion to 51 billion yuan. The average fortune of the richest individuals increased to 9.8 billion, while the richest Chinese 15 years ago had only 10 billion yuan.

Let’s take a look at the top 10 richest Chinese.

No 9: Zhang Yong and Shu Ping (husband and wife)

Wealth: 120 billion yuan

Company: Haidilao

Zhang Yong, founder and CEO of Haidilao International Holding Ltd, poses during the ceremony for the listing of Chinese hotpot chain Haidilao at the Hong Kong Stock Exchange (HKEX) in Hong Kong, China, Sept 26, 2018.

No 9: Yan Hao

Wealth: 120 billion yuan

Company: China Pacific Construction

Yan Hao, chairman of the board of Pacific Construction Group, delivers a speech at a forum.

No 9: Wang Jianlin and family

Wealth: 120 billion yuan

Company: Wanda

Wang Jianlin, chairman of Dalian Wanda Group, poses for a picture at the World Economic Forum Annual Meeting of the New Champions in Dalian, Northeast China’s Liaoning province, Sept 11, 2013.

No 8: Ding Lei

Wealth: 125 billion yuan

Company: Netease

Ding Lei, CEO of Netease, attends the sub-forum, “International Cooperation along the Digital Silk Road”, during the 5th World Internet Conference, also known as the Wuzhen Summit, in Wuzhen town, Tongxiang city, Jiaxing city, East China’s Zhejiang province, Nov 8, 2018.

No 7: Huang Zheng

Wealth: 135 billion yuan

Company: Pinduoduo

Huang Zheng, chief executive officer and founder of Pinduoduo, attends a sub-forum, “Charity and Poverty Alleviation Through the Internet: Eliminating Hunger and Poverty”, during the 5th World Internet Conference, also known as the Wuzhen Summit, in Wuzhen town, Tongxiang city, Jiaxing city, East China’s Zhejiang province, Nov 8, 2018. 

No 5: Yang Huiyan and family

Wealth: 175 billion yuan

Company: Country Garden

A screenshot of Vice-Chairwoman of Country Garden Yang Huiyan with her husband at their wedding ceremony, held at the end of 2006 in Shanghai. 

No 5: Sun Piaoyang and Zhong Huijuan (husband and wife)

Wealth: 175 billion yuan

Company: Hengrui, Hansoh

Sun Piaoyang, chairman of Jiangsu Hengrui Medicine Co Ltd, speaks at a panel discussion during the First Session of the 12th National Committee of the National People’s Congress in Beijing, China, March 6, 2013. 

No 4: He Xiangjian and He Jianfeng (father and son)

Wealth: 180 billion yuan

Company: Midea

He Xiangjian, chairman of Midea, delivers a speech at the inauguration of the new Midea headquarters building in Guangzhou city, South China’s Guangdong province, Oct 29, 2010. 

No 3: Xu Jiayin

Wealth: 210 billion yuan

Company: Evergrande

Xu Jiayin, chairman of Evergrande, attends a press conference in Guangzhou, South China’s Guangdong province, Nov 9, 2017. 

No 2: Pony Ma

Wealth: 260 billion yuan

Company: Tencent

Pony Ma, founder of Tencent at the Media Integration and Development Forum in Shenzhen, South China’s Guangdong province, on Sept 10, 2018.

No 1: Jack Ma and family

Wealth: 275 billion yuan

Company: Alibaba

Jack Ma, chairman of Alibaba Group, attends the World Economic Forum annual meeting in Davos, Switzerland on Jan 23, 2019. 

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