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The richest people in the world
Main article: The richest people in the world
2023
$1 million - the threshold for entering the number of 1% of the richest people in the country
More millionaires left China in a year than in any other country
In 2023, China became the world leader in the net outflow of dollar millionaires. Approximately 13.5 thousand people left the country, whose fortune exceeds $1 million. At the same time, at the end of 2023, about 862.4 thousand millionaires live in the PRC, including 2352 centimillionaires (with capital from $100 million) and 305 billionaires. Such data are given in a study by Henley & Partners and New World Wealth, the results of which were published on January 30, 2024. Read more here.
Chinese property tycoons' fortunes plummet
2022
Owner of bottled water producer Nongfu Spring Zhong Shanshan becomes richest Chinese
In November 2022, the Hurun Research Institute updated the ranking of the richest residents in China. The owner of the local bottled water company Nongfu Spring, Zhong Shanshan, came in at the top of that list. His fortune for the year increased 17%, to $65 billion.
The founder of ByteDance, which owns the TikTok service, Zhang Yiming took second place, but his fortune decreased by 28% to $35 billion due to the fall in the ByteDance quotes. In third place was Zeng Yukun, chairman of the board of directors of battery giant CATL. Alibaba founder Jack Ma and his family dropped four spots to finish ninth.
Forbes magazine, meanwhile, estimates Zhong Shanshan's fortune at $57.2 billion by November 2022, more than Tencent's Pony Ma and Alibaba founder Jack Ma ($56.3 billion and $50.4 billion, respectively).
According to data to the publication, the richest person China now ranks 17th in the world in terms of fortune, just below the co-founders and. Google Larry Page Sergey Brin
Zhong owns an 84.4% stake in the bottled water giant, up about 77% from its public offering on September 8, 2022 in Hong Kong, when the company raised about $1.1 billion in one of the largest public offerings on the stock exchange in 2022.
Zhong Shanshan also owns a majority stake in Wantai Biological, which claims to be among several Chinese companies developing a vaccine against COVID-19. Since the public offering of shares on the Shanghai Stock Exchange in April 2022, Wantai shares have grown by more than 2 thousand%.[1]
Map of billionaire origins in China and elsewhere
2021: The richest 1% of citizens account for 30.5% of the population's assets
2020
2nd in the world in terms of the number of billionaires - 389
The ranking of the richest Chinese has been released
On October 20, 2020, the Chinese magazine Hurun published a rating of the richest citizens of the PRC. U.S. sanctions on Chinese telecom giant Huawei have undermined the personal fortune of the company's founder, Ren Zhengfei, even as efforts to develop 5G positively affect the fortunes of other billionaires in China.
Alibaba founder Jack Ma and his family topped the Hurun list for the third year in a row with $58.8 billion, up 45% from 2019. Alibaba owns the South China Morning Post. The founder of Tencent Holdings, Pony Ma, took second place, his fortune over the past year grew by 50% and amounted to $57.4 billion. Hurun's findings suggest this was due to Tencent's better-than-expected gaming business performance, as well as a good return on some of the company's investments, including in Tesla, Meituan Dianping, Pinduoduo and JD.com.
Shenzhen-based Huawei has become one of the main victims of rising tensions between the United States and China. The Trump administration added the company to its 2019 sanctions entity list and pressured its allies, in particular the UK, to exclude Huawei from partners to roll out 5G networks.
The fortune of the 76-year-old founder of Huawei over the past year has decreased by 10% to 19 billion yuan ($2.8 billion). Zhengfei's position in the Hurun ranking, where entrepreneurs with a fortune of at least 2 billion yuan are represented, fell by more than a hundred positions - from 162 in 2019 to 277 in 2020.
The development of 5G has positively affected the performance of Xiaomi founder Lei Jun. His fortune has more than doubled from 75 billion yuan to 170 billion yuan in the past year. The fortune of the founders of Vivo and Oppo, Shen Wei and Chen Minjyona, whose fortune, according to the latest rating, is 18 million yuan and 17.5 million yuan, respectively, has also increased.[2]
Zhong Shanshan becomes China's richest man
In September 2020, Zhong Shanshan, owner of bottled water and vaccine companies, topped the list of the richest people in China. According to Bloomberg's Billionaires Index, he overtook Alibaba founder Jack Ma and also became Asia's second-best entrepreneur.
Notes
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