Top 10 richest people in China

Published 25 Sep,2020 via China Daily - Business

Jack Ma, founder of Alibaba Group, topped a new list of the 500 richest Chinese with wealth of over 300 billion yuan ($42.29 billion), Sina Finance reported.

His wealth increased 80 billion yuan in the past year, which means he made 9.13 million yuan per hour, more than many top executives of listed companies.

Let's take a look at the top 10 richest people in China.

No 1 Ma Yun ( aka) Jack Ma, founder of Alibaba Group

Ma Yun, founder of Alibaba Group, attends the founding meeting of the Zhejiang Internet Commerce Bank in Hangzhou, East China's Zhejiang province, on June 25, 2015. [Photo/Sipa]

No 2 Ma Huateng, chairman and CEO of Tencent

Pony Ma Huateng is chairman and CEO of Tencent. [Photo provided to China Daily]

No 3 Xu Jiayin, chairman of Evergrande Group

Xu Jiayin, chairman of Evergrande Group, speaks at a football club meeting in Guangzhou, on Feb 25, 2019. [Photo/Xinhua]

No 4 Yang Huiyan of Country Garden

Yang Huiyuan is vice-chairwoman of Country Garden Holdings.[Photo/forbes.com

No 5 Sun Piaoyang and Zhong Huijuan - Jiangsu Hengrui Medicine Co,

Sun Piaoyang, chairman of Jiangsu Hengrui Medicine Co Ltd, is interviewed in Beijing. [Photo/Xinhua]

No 6 He Xiangjian, founder of Midea

He Xiangjian is founder of Midea. [Photo/CCTV]

No 7 Wang Jianlin and Wang Sicong - Wanda Group

Wang Jianlin, chairman of Wanda Group, attends a ceremony in Beijing on Sept 25, 2010. [Photo/Sipa]

No 8 Huang Zheng

Huang Zheng is chairman and CEO of Pinduoduo. [Photo from the blog of Colin (Zheng) Huang

No 9 Ding Lei, founder and CEO of NetEase

NetEase Founder and CEO Ding Lei addresses the 2019 NetEase future conference in Hangzhou, East China's Zhejiang province, on Nov 23, 2019. [Photo/Sipa]

No 10 Zhang Yong and Shu Ping

Zhang Yong started his hot pot business in 1994 and Haidilao has expanded to more than 40 outlets across the country. [Photo by Zhang Wei / China Daily]

Huang Zheng, chairman and CEO of Pinduoduo Inc, made the top 10 list for the first time by grabbing eighth place.

Zhang Yong and his wife, Shu Ping, of hotpot chain Haidilao rose to 10th place with wealth of 117.2 billion yuan, up from the 20th spot last year.

Sun Piaoyang, chairman of Jiangsu Hengrui Medicine Co Ltd, and his wife, Zhong Huijuan, chairwoman of Hansoh Pharmaceutical Group, made the top 10 list with the fastest wealth growth of 110 billion yuan.

The is the 18th list released by New Fortune magazine since 2003 and it is an annual list of China's core assets.

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Source: https://global.chinadaily.com.cn/a/202009/25/WS5f6d2040a31024ad0ba7bb30.html