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He’s not the richest man in China
- Thanks to Baidu’s success, Robin Li has amassed an astounding $16.3 billion dollar. While this is definitely impressive, he’s not the richest man in China. He’s currently the 8th richest man in China. (In 1st place is Jack Ma, the founder and CEO of Alibaba with $36.2 billion.)
moneyinc.com/10-things-didnt-know-baidu-founder-robin-li/
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Nov 8, 2023 · The collective wealth of the 100 richest was down a tad to $895 billion from $907.1 billion, in line with the 1% dip in the benchmark CSI 300 Index since we last measured fortunes.
3 days ago · The wealth of China’s Internet search leader, Baidu CEO Robin Li, dropped by $1.8 billion yesterday in connection with the release of a fourth-quarter earnings report that failed to satify ...
2 days ago · The majority of Li's wealth is derived from his 19% stake in Beijing-based Baidu, China's biggest search engine.
- Zhong Shanshan
- Zhang Yiming
- MA Huateng
- Colin Zheng Huang
- William Lei Ding
- Jack MA
- He Xiangjian
- Wang Wei
- Li Shufu
- Wang Wenyin
Net Worth: $68 Billion | Source Of Wealth: Beverages, pharmaceuticals | Residence: Hangzhou
Zhong chairs bottled water and tea drink producer Nongfu Spring. He holds onto the No. 1 richest in China spot, which he won in 2021 after the company’s September 2020 IPO in Hong Kong. An uptick in shares of beverage producer Nongfu Spring offset a decline in shares of his Covid test supplier Beijing Wantai Biological Pharmacy, a maker of Covid-19 test kits, which he chairs.
Net Worth: $45 Billion | Source Of Wealth: Internet media | Residence: Beijing
Zhang is the founder of ByteDance, which operates the wildly popular short video social media app TikTok. TikTok ranks as one of the world’s most valuable unicorns, though its valuation has taken a hit in the past year amid speculation that it may be banned in the U.S. market. Our estimate of its valuation slid to $225 billion from $250 billion a year ago amid speculation that it may be banned in the U.S. market. Zhang stepped down as chairman of ByteDance in November 2021 after resigning as...
Net Worth: $35.3 Billion | Source Of Wealth:Internet media | Residence: Shenzhen
Ma, also known as Pony Ma, is CEO of web-media giant Tencent and owns a 7.4% stake. The company’s Hong Kong-traded shares fell by nearly 10% in the past year amid slower growth and a tightening of in Communist Party rules toward Internet businesses. One of Tencent’s most successful investments is in U.S. company Epic Games, maker of the hugely popular game Fortnite; it acquired 40% of the company in 2013 for $300 million, a stake now worth more than $6.8 billion.
Net Worth:$30.2 Billion | Source Of Wealth: E-commerce | Residence: Shanghai
Huang is the founder of PDD Holdings, the Chinese e-commerce company that changed its name from Pinduoduo in February. PDD’s Nasdaq-traded shares have more than doubled over the past year, aided by the launch in September 2022 of Temu, a budget shopping site in the U.S. that competes with Shein, led by fellow Chinese billionaire Chris Xu. Huang, who owns nearly 28% of PDD Holdings, stepped down as chairman of the company in March 2021.
Net Worth: $26.7 Billion | Source Of Wealth:Online games | Residence: Hangzhou
Ding is CEO of Nasdaq- and Hong Kong-listed NetEase, one of China’s largest online gaming businesses. Shares – and Ding’s fortune – rose in recent months after China eased restrictions on the import of foreign games after a two-year crackdown.
Net Worth:$23.5 Billion | Source Of Wealth: E-commerce | Residence: Hangzhou
Once China’s richest person, the Alibaba cofounder and former chairman, and icon of mainland private sector success, made waves this March by returning to China after several months overseas. He had gone quiet amid shifting government policies toward internet companies, overseas listings and wealth accumulation. Ma still owns an estimated 3.8% of Alibaba, which announced in late March that it would split itself into six companies.
Net Worth: $23.4 Billion | Source Of Wealth: Home appliances | Residence: Foshan
Home appliance billionaire He Xiangjian is a cofounder of Shenzhen-listed Midea Group; he stepped down as chairman in 2012. Shares of Midea fell in the past year amid slower growth in China, knocking His fortune down from $28.3 billion a year ago. Midea is selling its ovens and refrigerators in the U.S. and Europe,looking to offset the weaker sales in China.
Net Worth: $21.2 Billion | Source Of Wealth: Package delivery | Residence: Shenzhen
Wang founded and chairs package delivery firm S.F. Holdings. The Shenzhen-headquartered business ranks as the largest integrated express logistics service provider in China and the fourth largest in the world based on revenues. Wang’s fortune declined from $24.3 billion in the past year as Covid fallout hurt business and his company’s Shenzhen Stock Exchange-listed shares.
Net Worth:$19 Billion | Source Of Wealth: Automobiles | 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, Daimler, Geely Automotive and Polestar. His fortune fell by $4.7 billion over the past 12 months, as Geely Automotive shares fell. Car purchases in China rose in 2022, but at a slower pace than in previous years.
Net Worth: $19 Billion | Source Of Wealth: Non-ferrous metals | Residence: Shenzhen
Wang is the founder of privately held Amer International Group, one of the world’s largest suppliers of non-ferrous metals. He owns an estimated 75% of the Shenzhen-headquartered business, which has more than 30,000 employees and had about $112 billion in 2021 revenue, according to Fortune. Amer’s company slogan: “The unity of knowledge and action can help us to fulfill our dreams.”
- Russell Flannery
4 days ago · IssueTime：2024-10-29. The Hurun Research Institute today released, in association with premium baijiu brand Hengchang Shaofang, the Hurun China Rich List 2024, a ranking of the richest individuals in China. The cut-off was CNY 5 billion (equivalent to US$700 million), and wealth calculations were from 30 August. This is the 26th year of the list.
Robin Li Yanhong (Chinese: 李彦宏; pinyin: Lǐ Yànhóng; born 17 November 1968) is a Chinese software engineer and billionaire internet entrepreneur who is the co-founder and chief executive officer of Chinese multinational technology company Baidu. [1] As of June 2023, his net worth was estimated at US$8.6 billion by Forbes.
Dec 13, 2017 · He co-founded China’s equivalent of Google, known as Baidu (pronounced ‘buy-DOO’), and has since become one of the richest people in China, with a net worth of US$20 billion.
