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- ByteDance Ltd. founder Zhang Yiming is a rare Chinese internet tycoon to see his fortune grow this year, gaining $19.5 billion based on a valuation in a SoftBank Group Corp. filing this year.
www.bloomberg.com/news/articles/2021-12-29/china-s-tech-moguls-see-80-billion-of-wealth-evaporate-in-2021China’s Tech Moguls See $80 Billion of Wealth Evaporate in 2021
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Aug 9, 2024 · As a result, Huang, now 44, has become China’s richest person, according to the Bloomberg Billionaires Index. With a $48.6 billion fortune, he displaces Zhong Shanshan, the country’s bottled ...
- Zhong Shanshan
- Zhang Yiming
- MA Huateng
- He Xiangjian
- William Lei Ding
- Wang Wei
- Qin Yinglin
- Li Shufu
- Jack MA
- Huang Shilin
RESIDENCE: HANGZHOU
Zhong chairs bottled water and tea drink producer Nongfu Spring. He holds on to the No. 1 richest in China spot he grabbed last year after the company’s September 2020 IPO in Hong Kong. Zhong also chairs Beijing Wantai Biological Pharmacy, a maker of Covid-19 tests.
RESIDENCE: BEIJING
Zhang is the main founder of ByteDance, which operates the wildly popular short video social media app TikTok and ranks as one of the world’s most valuable unicorns. Zhang stepped down as chairman of ByteDance in November 2021 after resigning as CEO in May.
RESIDENCE: SHENZHEN
Ma is CEO of web-media giant Tencent. The company’s Hong Kong-traded shares fell by nearly half in the past year amid slower growth and a shift in Communist Party rules toward Internet businesses. In March, Ma said China’s internet industry was “restructuring” and “shifting to a healthy mode.”
RESIDENCE: FOSHAN
Home appliance billionaire He Xiangjian is a cofounder of Shenzhen-listed Midea Group; he stepped down as chairman in 2012. His family also controls Midea Real Estate, whose business has been hurt by oversupply in the mainland property market. His fortune contracted by about 25% in the past year.
RESIDENCE: HANGZHOU
Ding is CEO of Nasdaq-listed NetEase, one of China’s largest online gaming businesses. The company raised $422 million in a Hong Kong IPO of its music app, Cloud Village, last December. His fortune fell from $33 billion on the 2021 list.
RESIDENCE: SHENZHEN
Wang founded and chairs package delivery firm S.F. Holdings, known as the Fedex of China. His fortune declined 37% in the past year as lower profit and tough competition hurt its Shenzhen Stock Exchange-listed shares.
RESIDENCE: NANYANG
Qin chairs Muyuan Food, one of China’s largest pig breeders. He started the business with his wife, fellow billionaire Qian Ying, with 22 pigs in 1992.
RESIDENCE: HANGZHOU
Li Shufu (also known as Eric Li), China’s richest entrepreneur in the auto industry, chairs Zhejiang Geely Holding, which holds direct and indirect stakes in automakers that include Volvo and electric vehicle maker Polestar.
RESIDENCE: HANGZHOU
Once China’s richest person, the formerly outspoken Alibaba cofounder has gone quiet amid shifting government policies toward internet companies, overseas listings and wealth accumulation, as well as a 60% plunge in Alibaba’s share price during the past year.
RESIDENCE: NINGDE
Huang is one of two vice chairmen at Contemporary Amperex Technology, one of the world’s largest suppliers of batteries to electric vehicle assemblers.
- Russell Flannery
Aug 9, 2024 · Former Google engineer Colin Huang quickly ascended the ranks of the world’s richest people, with his net worth peaking at US$71.5 billion (S$94.65 billion) in early 2021. PHOTO: BLOOMBERG.
- Zhong Shanshan. NET WORTH: $68.9 BILLION. SOURCE OF WEALTH: BEVERAGES. RESIDENCE: HANGZHOU. (Photo by Jiang Xin/VCG via Getty Images) VCG via Getty Images.
- Ma Huateng. NET WORTH: $65.8 BILLION. SOURCE OF WEALTH: INTERNET MEDIA. RESIDENCE: SHENZHEN. His web-media giant, Tencent, which owns stakes in Tesla, Snap and Spotify, notched another win with the February public offering of video-sharing app Kuaishou.
- Colin Zheng Huang. NET WORTH: $55.3 BILLION. SOURCE OF WEALTH: E-COMMERCE. RESIDENCE: SHANGHAI. (Photographer: Qilai Shen/Bloomberg) © 2017 Bloomberg Finance LP.
- Jack Ma. NET WORTH: $48.4 BILLION. SOURCE OF WEALTH: E-COMMERCE. RESIDENCE: HANGZHOU. (Photo by Wang HE/Getty Images) Getty Images. The Alibaba cofounder has been lying low since the dual listing of his fintech giant, Ant Group, was halted by Chinese regulators in November.
Shanshan Zhong (net worth of USD 64.3 billion), the richest man in China and the founder of beverage company Nongfu Spring, took a USD 5 billion lead ahead of Zhang. Zhang and TikTok's success witnessed the transaction of Chinese online entertainment from the traditional internet to the mobile era.
Jan 22, 2021 · 1. Zhong Shanshan. Company: Nongfu Spring; YST. Location: Hangzhou. Industry: Beverages and vaccines. Forbes Estimated Net Worth: US$91.1 billion. Hurun Estimated Net Worth: US$53.7 billion. Age: 66. Zhong Shanshan is a bottled water magnate, and now the richest man in Asia.
Sep 20, 2024 · According to the latest Bloomberg Billionaires Index, Pony Ma, co-founder of Tencent Holdings, is once again China’s richest person, now with a net worth of more than A$65 billion, placing...
