[Ratings] Top 10 richest individuals in China in 2019
Jack Ma, chairman of Alibaba Group, attends the World Economic Forum annual meeting in Davos, Switzerland on Jan 23, 2019. [Photo/VCG]. Sketched by the Pan Pacific Agency.
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.
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. [Photo/IC]. Sketched by the Pan Pacific Agency.
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. [Photo/chinadaily.com.cn]. Sketched by the Pan Pacific Agency.
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. [Photo/VCG]. Sketched by the Pan Pacific Agency.
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. [Photo/IC]. Sketched by the Pan Pacific Agency.
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. [Photo/IC]. Sketched by the Pan Pacific Agency.
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. [Photo/IC]. Sketched by the Pan Pacific Agency.
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. [Photo/IC]. Sketched by the Pan Pacific Agency.
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. [Photo/VCG]. Sketched by the Pan Pacific Agency.
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. [Photo/VCG]. Sketched by the Pan Pacific Agency.
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. [Photo/VCG]. Sketched by the Pan Pacific Agency.
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. [Photo/VCG]. Sketched by the Pan Pacific Agency.
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