Top 10 richest people in China, property magnate Wang Jianlin retains his crown

wang jianlin

The Hurun Research Institute has released the Hurun Rich List 2016 in association with Forest City. This is the 18th annual ranking of the richest individuals in China.

Rupert Hoogewerf, Hurun Report Chairman and Chief Researcher, said, “Despite a 20% drop in the domestic stock markets and a slowdown in the economy, the Forest City Hurun Rich List swelled by 179 to 2056 individuals, double that of three years ago and up ten-fold from ten years ago.”

According to the list, property magnate Wang Jianlin of Dalian Wanda, 62, tops the list of 594 billionaires in the country. Alibaba’s Jack Ma was second, with his wealth having risen 41% from last year.

There are 4 new entries to the Top 10: Yao Zhenhua of Baoneng, Ding Lei of Netease, Xu Jiayin of Evergrande and He Xiangjian & son He Jianfeng of Midea.

 

NameWealth US$bn Wealth US$bn Change      Age      Company
1 = Wang Jianlin & family 32.1 -2% 62 Wanda Real estate, entertainment
2 = Jack Ma & family 30.6 41% 52 Alibaba, Ant Financial E-commerce, financial services
3 ↑ Pony Ma 24.6 38% 45 Tencent Communications, online games
4 * Yao Zhenhua 17.2 820% 46 Baoneng Investments, real estate
5 ↓ Zong Qinghou & family 16.7 -17% 71 Wahaha Drinks
6 = Yan Hao & family 14.9 10% 30 China Pacific Construction Roads
6 * William Ding Lei 14.9 96% 45 Netease Online games
8 ↑ Robin Li & Melissa Ma 14.7 15% 48,46 Baidu Search engine
9 ↑ Lu Zhiqiang & family 12.7 2% 64 Ocean Wide Real-estate, investments
10↑ Xu Jiayin 11.6 30% 58 China Evergrande Real estate, investments
10↑ He Xiangjian & He Jianfeng 11.6 30% 74,49 Midea Home appliances
10= Yan Bin 11.6 20% 62 Reignwood Red Bull, real estate
10↓ Zhang Jindong 11.6 -4% 53 Suning Retail, real estate

↑Rank increase yoy ↓Rank decrease yoy –No rank change yoy *New to top 10

Source: Forest City Hurun Rich List 2016

 

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