Journal : Global Times (Chinese) Date : Author : NA Page No. : NA
URL : NA

A March 3 article by Deutsche Presse-Agentur, originally titled: “China has the most billion-dollar billionaires” reports that  Musk, the founder of U.S. Tesla Motors, is currently the richest man in the world, with a fortune of about 1.28 trillion yuan. But the country with the largest number of billion-dollar billionaires like him is China.

According to the Hurun 100 list released Tuesday, mainland China and Hong Kong added 259 new billion-dollar billionaires last year, bringing the total to 1,058. That means China became the first country to have 1,000 billion-dollar entrepreneurs. This number also surpasses the combined number of billion-dollar billionaires in the United States, India and Germany, which are next in line. The U.S. has 696 billion-dollar billionaires, 70 more than last year. The U.S. and China together account for 54 percent of the world’s billionaires.

China has created so much wealth in the past year that even Hurun Hu, chairman and chief research officer of Hurun Billionaire, was surprised. One possible reason: China is one of the few economies to achieve positive economic growth in 2020.  On the list of the Chinese rich, the 67-year-old Zhong Suansui, founder of Nongfu Spring, reached the top with a fortune of 550 billion yuan. He was also the first Chinese entrepreneur to enter the top 10 of the world’s richest list, ranking seventh in the world. He owns some shares in vaccine manufacturers. Zhong also replaced the Indian businessman Mukesh Ambani as the richest man in Asia.

Ranked second and third on the Hurun China 100 Rich List are Tencent founder Ma Huateng (480 billion yuan) and Pinduoduo founder Huang Zheng (450 billion yuan). Jack Ma (360 billion yuan) ranks No. 4 in China. The 38-year-old Zhang Yiming, the founder of TikTok’s parent company, ranked among the top 5 for the first time with a fortune of 350 billion yuan.

(By Bikirter Eger, translated by Aoki)

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