Tencent’s Pony Ma or Alibaba founder Jack Ma – who tops China’s rich list, and how much are the 15 wealthiest billionaires in China worth?
The total wealth of the 10 richest people in China hit a record high of US$266.3 billion, or 1.88 per cent of the country’s GDP, according to CEOWORLD magazine
Tencent Holdings chairman and CEO Pony Ma Huateng is the wealthiest person in China with an estimated net worth of US$44.9 billion, according to CEOWORLD magazine’s rich list index for 2020. Alibaba founder Jack Ma takes second spot with a net worth of US$44.7 billion. (Alibaba owns South China Morning Post.)
Hui Ka-yan, chairman and the largest shareholder of real estate developer Evergrande, is third with a net worth of US$35.5 billion. According to the financial publication, the total wealth of the 10 richest people in China hit a record high of US$266.3 billion. The top 10 account for 1.88 per cent of China’s GDP.
Yang Huiyan, vice-chairman of Chinese property developer Country Garden Holdings, and He Xiangjian, founder of home appliance-maker Midea Group, complete the five wealthiest people in China with US$27.4 billion and US$26 billion, respectively.
To identify the wealthiest people in China, CEOWORLD magazine reviewed numerous national and international media reports. Additional information about the billionaires came from Forbes global index, Bloomberg Billionaires Index, CEOWORLD magazine’s rich list index, Hurun rich list. CEOWORLD magazine’s rich list was compiled using shareholding and financial information obtained from the media reports and individuals, analysts, stock exchanges and regulatory agencies. This list encompasses family fortunes, including those shared among extended families of multiple generations. The minimum to make the list was US$1 billion.
Who are China’s wealthiest billionaires?
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