Top Ten Wealthiest people in China

 Here is a list of the 10 wealthiest people in China

#1 Jack Ma

Founder and Executive Chairman, Alibaba Group

Net Worth 61.9B

·       A former English teacher, Jack Ma cofounded Alibaba Group, one of the world's largest e-commerce businesses.

·       On Nov. 3, 2020 regulators halted a planned IPO of fintech giant Ant Group-where Ma is the largest individual shareholder-in Hong Kong and Shanghai.

·       In September 2019, Jack Ma stepped down as Alibaba's executive chairman and was succeeded by CEO Yong Zhang, also known as Daniel Zhang.

·       Ma's investments beyond Alibaba include a stake in Chinese media and entertainment company Huayi Brothers.

·       Alibaba's 2014 IPO in New York set a record as the world's biggest public stock offering, raising $25 billion.

 

#2 Ma Huateng, 49

Chairman and CEO, Tencent Holdings

Net worth $57.6B

·       Ma Huateng (also known as Pony Ma) chairs Chinese Internet giant Tencent Holdings, which ranks among the nation's largest businesses by market cap.

·       Tencent's popular social messaging app WeChat has more than 1 billion users.

·       The group listed its music-streaming subsidiary, Tencent Music, on the New York Stock Exchange in December 2018.

·       In contrast to his outgoing rival at Alibaba, Ma has a low-profile style that befits his engineering background.

·       Ma cofounded Tencent in 1998

#3 Zhong Shanshan, 66

Net worth 62.4B

·       Zhong Shanshan chairs Nongfu Spring, a bottled water company, which listed its shares in Hong Kong in September 2020.

·       Hangzhou-born Zhong dropped out of elementary school during China's chaotic Cultural Revolution.

·       He later had jobs as a construction worker, a newspaper reporter and a beverage sales agent before starting his own business.

·       Zhong also controls Beijing Wantai Biological Pharmacy, which went public on the Shanghai Stock Exchange in April 2020.

#4 Sun Piaoyang, 62

Net worth 35B

·       Sun Piaoyang turned formerly state-led Jiangsu Hengrui Medicine into one of China's largest producers of anti-infection and tumor-treating medicines.

·       Sun became the head of Jiangsu Hengrui in 1990 when he was 32 years old.

·       Sun's wife Zhong Huijuan is the chair of Hansoh Pharmaceutical, a drug maker that listed on the Hong Kong Stock Exchange in June 2019.

#5 He Xiangjian, 78

Founder, Midea Group Co. Ltd.

 

Net worth 32.2B

·       Entrepreneur He Xiangjian built Midea Group into one of the world's largest appliance makers.

·       In 1968, He led a group of 23 residents from the town of Beijiao in Guangdong Province to form a lid production workshop that became Midea.

·       Midea Group, whose shares trade on the Shenzhen Stock Exchange, now has more than 200 subsidiaries, including Germany-based robotics firm Kuka.

·       He stepped down from its operations in 2012.

·       His son He Jianfeng is a director of Midea Group and Midea Real Estate Holding.

#5 Wang Wei

Chairman, SF Express

Net worth 32.2B

·       Wang Wei chairs S. F. Holding, a package delivery service known as the "Fedex of China"; it's also called SF Express.

·       In March 2018, the company obtained China's first license for drone deliveries.

·       S.F. was founded in the city of Shunde in Guangdong Province in 1993; Wang owns roughly 60% of the shares.

·       Wang took the package delivery firm public through a reverse merger on the Shenzhen Stock Exchange in early 2017.

#7 Colin Zheng Huang, 40

Net worth 30.6B

·       Colin Huang, who also goes by Huang Zheng, is chairman of online discounter Pinduoduo, one of China's largest e-commerce sites.

·       Pinduoduo raised $1.6 billion in a U.S. IPO in July 2018 amid criticism over its alleged sale of counterfeit products.

·       A serial entrepreneur, Huang earlier founded online game company Xinyoudi and online e-commerce platform Ouku.com.

·       Huang interned at Microsoft in both Beijing and Seattle before starting his career at Google in the U.S. in 2004.

·       Huang holds a master's degree from the University of Wisconsin at Madison, where he majored in computer science.

#8 Yang Huiyan & family, 39

Country Garden Holdings

Net worth 28.5B

·       Yang Huiyan owns 57% of real estate developer Country Garden Holdings, a stake largely transferred to her by her father Yeung Kwok Keung in 2007.

·       Yang's younger sister Ziyang also sits on Country Garden's board.

·       Yang chairs Bright Scholar Education Holdings, a Chinese education company that went public on the New York Stock Exchange in 2007.

·       Yang's aunt, Yang Meirong, holds a stake in Bright Scholar and was a member of the 2017 Forbes China Rich List.

·       Yang holds a degree from Ohio State University.

#9 Zhang Yiming, 36

Networth 27.7B

·       Zhang Yiming chairs Beijing ByteDance, one of China's largest media content platforms.

·       The privately held company raised fresh investment funds at a valuation of $75 billion in 2018.

·       ByteDance is most known for its news app Toutiao and social video app TikTok; its shareholders include Sequoia Capital China.

·       In August 2020, President Trump ordered ByteDance to sell TikTok's U.S. operations; a proposed transaction with Walmart and Oracle is still ongoing.

·       Zhang was a member of the 2013 Forbes China 30 Under 30 List.

#10 Hui Ka Yan, 62

Chairman, China Evergrande Group

Net Worth 27.1B

·       Hui Ka Yan is chairman of Hong Kong-listed Evergrande Group, one of China's biggest real estate developers.

·       Evergrande, which Hui took public in 2009, has over 800 projects in more than 280 cities.

·       Hui worked as a technician in a steel factory for 10 years after graduating college in 1982.

·       Hui started Evergrande in Guangzhou in 1996 and began picking up low price properties in small markets. Its first project was Jinbi Garden.

·       Hui's son Xu Zhijian, who holds an MBA from prestigious Tsinghua University, is a vice president at Evergrande