Do you know who are the top 10 Richest Persons in China? In a record-setting year, China leads the pack in billionaire in World’s Billionaires list. As China’s richest grow, so do its billionaires.
These are the Top 10 Richest Persons in China.
#1 | Zhong Shanshan
$68.9 BILLION IN NET WORTH
WEALTH SOURCE: BEVERAGES
HANGZHOU IS THE RESIDENCE
He comes first on the list of richest persons in China. He became China’s new richest person and the world’s biggest percentage gainer after his bottled water company, Nongfu Spring, went public in September 2020. The company recently listed on the Shanghai Stock Exchange under the name Beijing Wantai Biological Pharmacy.
#2 | Ma Huateng
$65.8 BILLION IN NET WORTH
WEALTH SOURCE: Internet Media
RESIDENCE: SHENZHEN
A video-sharing app called Kuaishou, which he owns shares of, became public in February through the Chinese Web giant Tencent, which owns Tesla, Snap, and Spotify. The Hong Kong-listed firm is owned by Tencent, the company best known for its messaging app WeChat.
#3 | Colin Zheng Huang
$55.3 BILLION IN NET WORTH
WEALTH SOURCE: E-COMMERCE
RESIDENCE: SHANGHAI
He gave up his role as CEO of online retailer Pinduoduo last July; he stepped down from his role as chairman in March for pursuits in food and life sciences. Only five years after Huang started Pinduoduo, it surpassed Alibaba to become China’s leading e-commerce platform in 2020 with 788.4 million users. In comparison, Pinduoduo’s annual revenues ($9.1 billion) are dwarfed by the latter’s ($72 billion).
#4 | Jack Ma
$48.4 BILLION IN NET WORTH
WEALTH SOURCE: E-COMMERCE
RESIDENCE: HANGZHOU
In November, Chinese regulators halted Ant Group’s dual listing, which led to the co-founder of Alibaba going underground. He is also facing pressure from Chinese regulators, which began investigating his e-commerce empire in December.
#5 | Wang Wei
$39 BILLION IN NET WORTH
WEALTH SOURCE: PACKAGE DELIVERY
RESIDENCE: SHENZHEN
Revenue of his S.F. Express—the “FedEx of China”—rose 37% in 2020 as e-commerce boomed during China’s Covid-19 lockdowns. Through a reverse merger, Wang took the company public 24 years after founding the company. He still owns 60% of the company.
#6 | He Xiangjian
$37.7 BILLION IN NET WORTH
WEALTH SOURCE: HOME APPLIANCES
RESIDENCE: FOSHAN
According to reports, Midea Group’s co-founder, who used explosives to break into his home, escaped a kidnapping attempt last June. His son swam across the river to alert authorities after getting out of the house. Although he stepped down as chairman of Midea in 2012, his family still controls the company.
#7 | Zhang Yiming
$35.6 BILLION IN NET WORTH
TIKTOK IS THE SOURCE OF WEALTH
RESIDENCE: BEIJING
She founded ByteDance, the creator of the popular short-video app TikTok, in an apartment with four bedrooms in 2012. After smashing the Chinese market with Toutiao, the company took the world by storm with TikTok. An investment round in December valued the unicorn at $180 billion.
#8 | Qin Yinglin & family
$33.5 BILLION IN NET WORTH
WEALTH SOURCE: Pig breeding
RESIDENCE: NANYANG
With only 22 pigs and his wife Qian Ying, Qin founded China’s largest hog producer, Muyuan Foodstuff Co. The group is expected to produce more than 18 million pigs in 2020 with 140,000 employees. The company’s chairman is Qin, and its board is dominated by billionaire Qian. He truly deserves to be on the list of the richest persons in China.
#9 | William Lei Ding
$33 BILLION IN NET WORTH
WEALTH SOURCE: ONLINE GAMES
RESIDENCE: HANGZHOU
As a result of pandemic lockdowns, NetEase’s revenues jumped 24% in 2020.In addition to “Harry Potter: Magic Awakened”, “The Lord of the Rings: Rise to War” and “Pokémon Quest,” the company is developing “The Lord of the Rings: Rise to War.”
#10 | Yang Huiyan & family
$29.6 BILLION IN NET WORTH
WEALTH SOURCE: REAL ESTATE
RESIDENCE: FOSHAN
Among her interests is Country Garden Holdings, a real estate developer. In the company, her father founded it and serves as chairman, and he transferred her a stake to her. Yang, the younger, is the chairman of Bright Scholar Education Holdings, a U.S.-listed education firm.
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