Career Testing
Career Testing
Career Testing
SUCCESS STORIES / FEB. 21, 2015
version 3, draft 3

Top 10 Richest People in China

China
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China boasts a population of over 1.35 billion people, and according to the U.S National Bureau of Economic Research, the country had the “second most equal distribution of wealth in the world” in 2000. Today however, the wealth gap is much more distinct. China hosts some of the richest people in the world. Let’s take a look at the Top 10 Richest People in China according the Forbes’ 2014 China’s Rich List. Please note that net worth is take from Forbes’ October 2014 estimations.

 #1 Jack Ma

Image source: qz.com

Residence: Hangzhou, China
Net worth: $19.5 billion
Wealth: Jack Ma (born 1964) is a self-made billionaire and made his billions from the e-commerce industry. Owner of e-commerce giant Alibaba Group, Jack became the richest person in China when the Group was floated on the New York Stock Exchange with an IPO of $25 billion.

#2 Robin Li

Image source: Chinainternetwatch

Residence: Beijing, China
Net worth: $14.7 billion
Wealth: Robin Li (born 1968) is a well-known Chinese internet entrepreneur and made his wealth in internet search. He is the founder and CEO of Baidu which is the biggest search engine in China. Li has an impressive portfolio of successful investments and acquisitions which have helped him expand into mobile business too. He is also ranked as the 119 richest man in the world.

#3 Ma Huateng

Image source: Forbes

Residence: Shenzhen, China
Net worth: $14.4 billion
Wealth: Another internet media billionaire, Huateng (born 1971) founded Tencent Inc which is considered to be one of the biggest internet companies in China. His experience is primarily in internet, gaming, and media, and the WeChat mobile app (created by Tencent) has boomed with around 440 million active users.  

#4 Wang Jianlin

Image source: procinema

Residence: Beijing, China
Net worth: $13.2 billion
Wealth: Jianlin (born 1954) made his wealth in real estate and is considered to be one of the largest real estate developers in China. Jianlin is Chairman of Daliam Wanda Group (real estate company) and AMC Entertainment (entertainment business).  Wang Jianlin was ranked as #1 on last year’s China’s Richest People list by Forbes.

#5 Li Hejun

Image source: Chinaspeakersbureau

Residence: Beijing, China
Net worth: $13 billion
Wealth: Hejun (born 1967) made his wealth in renewable energy and is a self-made billionaire. He is the Chairman of Hanergy Holdings which owns one of the largest hydropower plants in the world, and recently became a published author with his first book, titled: China’s New Energy Revolution.

#6 Zong Qinghou

Image source: Forbes

Residence: Hangzhou, China
Net worth: $11 billion
Wealth: Zong (born 1945) is the founder, Chairman and CEO of Hangzhou Wahaha Group which is considered to be the largest beverage company in China. His billions derive from the beverages industry with bottled water and teas being the core products. In 2012, Zong was ranked as China’s richest man, but currently resides in 6 position.

#7 Wang Wenyin

Image source: Fortune

Residence: Shenzhen, China
Net worth: $10 billion
Wealth: Wang (born 1968) is the Chairman of Amer International Group; a company that produces metals (cable and copper products). The company also has interests in the mining industry, however, Wang is known for making his billions in the metals industry. With six industrial parks, Amer International Group is a vast metals conglomerate.

#8 Lei Jun

Image source: Jumpymovil

Residence: Beijing, China
Net worth: $9.1 billion
Wealth: Jun (born 1969), is a self-made billionaire Chinese businessman who made his wealth in the smartphones industry. He is the co-founder of Xiaomi - a mobile company – which has become the world’s 5 largest supplier. Jun also has interests in the gaming industry and currently is the chairman of Kingsoft and Cheetah Mobile

#9 He Xiangjian

Image source: ceoworld

Residence: Beijing, China
Net worth: $7.5 billion (2015 estimated wealth is $9.3 billion)
Wealth: Xiangjian (born 1942) made his billions in the appliances industry. He is the co-founder of Midea which is well-known as one of China’s largest appliance makers.  He Xiangijan is another ‘self-made’ billionaire.

#10 Liu Qiangdong

Image source: FT

Residence: Beijing, China
Net worth: $7.1 billion
Wealth: Liu Qiangdong (born 1974) is also commonly known as Richard Liu. Liu is a highly respected Chinese entrepreneur who is the co-founder of JD.com – an e-commerce industry leader. He made is billions in the e-commerce industry and the success of his online shopping site JD.com has resulted in his addition to the Top 10 Rich List in China.

So there you have it; China’s Top 10 Richest People according to Forbes and Wikipedia. It is evident from researching the rich lists from previous years that the rankings seem to change each year, so it will be interesting to see the official 201 rankings once they are released. 

SOURCES
Forbes
Wikipedia
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