China has 168 billionaires
Publish date: Thu, 17 Oct 2013, 02:01 PM
BEIJING: China recorded 168 billionaires in the 2013 Forbes China Rich List, up from last year's 113 tycoons, according to the list unveiled on Wednesday.
The total fortune of the tycoons in the country also increased 35 per cent from the previous year to US$570 billion, Xinhua news agency reported.
Over the past decade, China has become home to one of the world's fastest-growing billionaire population.
Wang Jianlin, Chairman of Dalian Wanda Group, one of the largest real estate enterprises in China topped this year's list with a net worth of US$14.1 billion.
Wang knocked off last year's richest man, Chinese beverage tycoon, Zong Qinghou, the Chief Executive Officer of Wahaha Co Ltd. Zhou comes in second with a total fortune of US$11.2 billion.
The list also showed that players in the mobile phone and online industry appeared top of the list, including third-ranked Li Yanhong, Chief Executive Officer of Baidu, China's largest search engine, worth US$11.1 billion. -- BERNAMA
The total fortune of the tycoons in the country also increased 35 per cent from the previous year to US$570 billion, Xinhua news agency reported.
Over the past decade, China has become home to one of the world's fastest-growing billionaire population.
Wang Jianlin, Chairman of Dalian Wanda Group, one of the largest real estate enterprises in China topped this year's list with a net worth of US$14.1 billion.
Wang knocked off last year's richest man, Chinese beverage tycoon, Zong Qinghou, the Chief Executive Officer of Wahaha Co Ltd. Zhou comes in second with a total fortune of US$11.2 billion.
The list also showed that players in the mobile phone and online industry appeared top of the list, including third-ranked Li Yanhong, Chief Executive Officer of Baidu, China's largest search engine, worth US$11.1 billion. -- BERNAMA
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CS Tan
4.9 / 5.0
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KC Loh
This is only the end result. The cleverer ones invested in china the day Deng Xiaoping open it to capitalism two decades ago.
2013-10-17 14:28