The 10 Richest Chinese Billionaires In 2022
From the person
behind Tik Tok to a drinking water mogul, China’s billionaires have had a
bounce-back year, as its ten richest roughly doubled their fortunes compared to
a year agone.
In a
record-setting year, China leads the pack in have bouncebacks on Forbes’
thirty-fifth annual World’s Billionaires list. the center Kingdom is currently
home to 626 billionaires—up from 388 last year—and is once more solely second
to the U.S., which has 724 billionaires. China’s blistering stock exchange and
fast recovery from the Covid-19 pandemic diode to 205 newcomers, whereas
another fifty-three UN agencies had born off the list in previous years created
the cut this landing approach. China’s count doesn't embrace metropolis and
Macao, which Forbes lists one by one.
Not solely will
China have additional billionaires than ever, however, its richest even have
larger fortunes. The 626 Chinese
billionaires’ collective web value of $2.5 trillion is over double last year’s
total once the Chinese moguls on the list were valued at $1.2 trillion. the typical
web value of a have from the Japanese nation is $4 billion—a thirty-third jump
from last year. along with the highest 10 area unit value $447 billion, nearly
double the $224 billion that they had a year agone. Chinese billionaires currently
account for nearly a fifth of the entire wealth of the list, which has a pair
of,755 billionaires with a collective web value of $13.1 trillion.
The biggest
winner, in each greenback and share terms, is drinking water business leader
Zhong Shanshan, UN agency is up to $66.9 billion within the past year once he
took Nongfu Spring public on the metropolis stock market. Zhong, a UN agency
reportedly born out of college at age twelve and once worked as an artificer and
dysfunction pill salesperson, supported the liquid firm in 1996. He still owns
eighty-four of the firm.
Some prime ten
mainstays have had a disruptive year however still over up richer. Jack Ma, UN
agency co-founded e-commerce conglomerate Alibaba, has seen his company return
below increasing scrutiny by the Chinese political party because the
government seeks to limit on massive school. His fintech big hymenopter
cluster, which was designing a record-setting twin listing in Shanghai and
metropolis, conjointly saw its IPO force by regulators simply days previous its
November 5 debut. however with lockdowns driving a surge in online searching,
Ma remains $9.6 billion richer than last year, tho' he fell from being China’s
richest person to No. 4.
Social media superstar Zhang Yiming conjointly had to navigate some turbulent political waters. His brief video app success TikTok was ordered to sell its U.S. operations by former president Donald Trump, tho' the new Biden administration has reportedly placed those plans on ice. In Gregorian calendar month, TikTok parent company Bytedance raised another $2 billion at a $180 billion valuation, boosting Zhang’s web value by $19.4 billion.
#1 | Zhong Shanshan
NET
WORTH: $68.9 BILLION
SOURCE OF
WEALTH: BEVERAGES
RESIDENCE:
metropolis
Nongfu
Spring Chairman Zhong Shanshan
The Sep 2020 IPO of his bottled-water firm, Nongfu Spring, drove up his fortune by three,345%, creating him the year’s biggest share gainer and China’s new richest person. Zhong conjointly chairs the capital of Red China Wantai Biological Pharmacy, which went public on the Shanghai stock market in April 2020.
#2 | Ma
Huateng
NET
WORTH: $65.8 BILLION
SOURCE OF
WEALTH: net MEDIA
RESIDENCE:
SHENZHEN
His web-media big, Tencent, which owns stakes in Tesla, Snap, and Spotify, notched another win with the Feb public giving of video-sharing app Kuaishou. Tencent, which is best identified for its electronic messaging and social media app WeChat, owns eighteen of the Hong Kong-listed firm.
#3 | Colin
Zheng Huang
NET
WORTH: $55.3 BILLION
SOURCE OF
WEALTH: E-COMMERCE
RESIDENCE:
SHANGHAI
Pingduoduo
chief operating officer and Founder Colin Huang Interview
(Photographer:
Qilai Shen/Bloomberg) © 2017 BLOOMBERG FINANCE LP
The founding father of online wholesale house Pinduoduo stepped down as its chairman in March to pursue analysis in food and life sciences; he gave up his chief operating officer role last July. In 2020, Pinduoduo surpassed Alibaba as China’s most well-liked e-commerce company with 788.4 million users, simply 5 years once Huang launched the firm. The latter’s annual revenue ($72 billion) still dwarfs Pinduoduo’s ($9.1 billion.
#4 | Jack Ma
NET
WORTH: $48.4 BILLION
SOURCE OF
WEALTH: E-COMMERCE
RESIDENCE:
metropolis
2019 Jack Ma
Awards Rural academics & Headmasters In China
(Photo by
Wang He/Getty Images) GETTY pictures
The Alibaba co-founder has been lying low since the twin listing of his fintech big, Ant Group, was halted by Chinese regulators in a Gregorian calendar month. His e-commerce empire is additionally below pressure; Chinese regulators launched associate degree anti-monopoly investigation into the corporate in a Gregorian calendar month.
#5 | Wang
Wei
NET
WORTH: $39 BILLION
SOURCE OF
WEALTH: PACKAGE DELIVERY
RESIDENCE:
SHENZHEN
Revenue of
his S.F. Express—the “FedEx of China”—rose thirty-seventh in 2020 as e-commerce
boomed throughout China’s Covid-19 lockdowns.
Wang supported the corporate in 1993 and took it public on the Shenzhen
stock market twenty-four years later through a reverse merger; he still owns
nearly an hour of the stock.
#6 | He
Xiangjian
NET
WORTH: $37.7 BILLION
SOURCE OF
WEALTH: HOME APPLIANCES
RESIDENCE:
FOSHAN
The co-founder of electric-appliance maker Midea cluster reportedly on the loose a seizure try last Gregorian calendar month, once many men tried to interrupt into his home victimization explosives. His son allegedly got out of the house and swam across a stream to alert the authorities. He, UN agency stepped down as Midea’s chairman in 2012, still owns a dominant stake together with his family.
#7 | Zhang
Yiming
NET
WORTH: $35.6 BILLION
SOURCE OF
WEALTH: TIKTOK
RESIDENCE:
capital of Red China
Digital
Media Company ByteDance
Zhang supported ByteDance, creator of standard short-video app TikTok, in a very four-bedroom flat in 2012. the corporate 1st hit it massive with news collector app Toutiao in China, before taking the planet by storm with TikTok. A Gregorian calendar month funding spherical valued the imaginary creature at $180 billion.
#8 | Qin
Yinglin & family
NET WORTH:
$33.5 BILLION
SOURCE OF
WEALTH: PIG BREEDING
RESIDENCE:
NANYANG
Qin supported China’s prime hog producer, Muyuan Foodstuff Co., in 1992 with partner Qian Ying and simply twenty-two pigs. The cluster currently has one hundred forty,000 staff and created over eighteen million pigs in 2020. Qin is chairman, while Qian, United Nations agency is additionally a have, sits on the board.
#9 | William
Lei Ding
NET
WORTH: $33 BILLION
SOURCE OF
WEALTH: on-line GAMES
RESIDENCE:
urban center
Revenue at his Nasdaq-listed NetEase rose pure gold in 2020 as pandemic lockdowns drove demand for its online vice and remote-learning product. The brand pipeline of games contains “Harry Potter: Magic woke up,” “The Lord of the Rings: Rise to War” and “Pokémon Quest.
#10 | Yang
Huiyan & family
NET
WORTH: $29.6 BILLION
SOURCE OF
WEALTH: realty
RESIDENCE:
FOSHAN
The inheritress is the largest stockholder of land developer Country Garden Holdings. Her stake was transferred to her from her father Yeung Kwok Keung, the UN agency supported the corporate and still is the chairman. The younger principal chairs U.S.-listed education firm Bright Scholar Education Holdings.
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