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Hurun Report Releases China Rich List 2017 in Association with 36G

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The Hurun Research Institute today released the Hurun Rich List 2017 in association with China-based training platform 36G.

XU JIAYIN OF EVERGRANDE CHINA’S RICHEST PERSON WITH US$43BN, AFTER 6MTH GAIN OF US$30BN

 

PONY MA OF TENCENT OVERTAKES JACK MA OF ALIBABA TO CLAIM SECOND PLACE.

 

ASTOUNDINGLY 43 INDIVIDUALS FROM ALIBABA AND ANT FINANCIAL MAKE LIST

 

2130 INDIVIDUALS WITH US$300M, TOTAL WEALTH USD 2.6 TRILLION, EQUIVALENT TO THE UK GDP

 

AVERAGE WEALTH GROWS 12.5%, ALMOST DOUBLE GDP, WITH TOP 100 SHOOTING UP 60%

 

647 DOLLAR BILLIONAIRES, UP 53 FROM LAST YEAR AND UP 396 FROM 5 YEARS AGO

 

‘CAR KING’ LI SHUFU OF GEELY UP US$12BN TO BREAK INTO TOP 10 FOR FIRST TIME

 

‘BIKE SHARING KING’ DAI WEI, 26, OF OFO YOUNGEST SELF-MADE ENTREPRENEUR

 

SOUTH CHINA’S ‘SILICON VALLEY’ LEADS WITH 467 INDIVIDUALS, AHEAD OF BEIJING

 

HURUN REPORT - LEADING AUTHORITY ON CHINA’S WEALTHY - RELEASES CHINA RICH LIST 2017 IN ASSOCIATION WITH LEADERSHIP TRAINING PLATFORM 36G

 

l  1184 saw their wealth increase, of which 348 are new faces. 2130 individuals, up 74 since last year, with a wealth cut-off of US$300 million. Average wealth rose 12.5% to US$1.2 billion, with the Top 100 shooting up 60% yoy. Rupert Hoogewerf, Hurun Report Chairman and Chief Researcher, said, “This year we found more than 2000 individuals with US$300m, double that of five years ago and four times that of ten years ago. Overall, though, the Hurun Rich List has grown faster than any year since 2007, with the possible exception of 2015.””

l  Property tycoon Xu Jiayin, 59, of Evergrande, saw his wealth all but quadruple to US$43bn, to become the twelfth person to top the list since records began 19 years ago. Pony Ma, 46, of Tencent, rose 52% to US$37bn, surpassing Jack Ma, 53, of Alibaba to second place. “The ‘Big Two’ are still from real estate and IT, however this year Xu Jiayin replaced Wang Jianlin, and Pony Ma replaced Jack Ma.” said Hoogewerf.

l  Three new faces made the Top 10: real estate developer Yang Huiyan, 36, of Country Garden, ‘Delivery King’ Wang Wei of SF Express, and Li Shufu of Geely.

l  Alibaba and its affiliate Ant Financial have 43 shareholders on this year’s list. Rupert Hoogewerf said: “China’s entrepreneurs have come a long way.  Back in 1999, when I put out the first list, I managed to rank 50 people. Today we have almost that number just from Alibaba!” According to the latest records, Jack Ma’s holdings in Ant Financial have sunk from 35% down to 1.2%, which is on a par with Ren Zhengfei’s shareholding in Huawei.  Hoogewerf continued, “Had Jack Ma kept his 35%, he would have been China’s Number One.”

l  By industry, the Big 3 wealth creating industries are manufacturing, real estate and IT. Real estate is down slightly on number of individuals compared with last year.

l  Big winners. Real estate developer Sun Hongbin of Sunac, Ant Financial CEO Peng Lei, Zhang Yiming, 34, of Toutiao (wealth up more than ten-fold in one year) and newly-listed Furniture Tycoon Yao Liangsong of Oppein broke into the Top 100.

l  Down. Jia Yueting of LeEco dropped down from 31st place last year to 1978th place, after supply chain and cashflow problems that resulted in his wealth down by 95%.

l  Industries. Manufacturing is now by far the key industry for the rich list, for 28% of the list, up 2% on last year and 8% on five years ago. Second comes real estate, the key industry for 15% of the list, down 1% on last year and 5% on five years ago. TMT, investments and healthcare grew slightly to 12%, 11% and 7% of the list, up 7%, 2% and 1% on five years ago. “It has been a good year for manufacturing, cars, education, TMT and healthcare,” says Hoogewerf.

l  Millennials. ‘Education King’ Zhang Bangxin, 37, of TAL officially becomes the richest millennial after seeing his wealth triple to US$6bn, followed by ‘Drone King’ Wang Tao, 37, of DJI Innovations. There are 148 individuals under 40, 33 less than last year, of which 71 are self-made, up 7. “There has been a strong surge in entrepreneurship amongst university graduates in the past five years,” says Hoogewerf.

l  Average age 54 years, one more than last year. Rupert Hoogewerf said: “The rich lister started out 24 years ago on average at the age of 29.”

l  Residence. Beijing is still the preferred city of residence for 300 individuals, down 22 from last year, ahead of Shenzhen with 224, 29 up on last year. Hangzhou is catching up Shanghai fast. Shanghai hangs on to third spot with 173, up 11, followed by Hangzhou with 153, up 30.

l  Birthplace. Guangdong entrepreneurs overtook Zhejiang for the first time, up 52 to 284.

l  26% are women, 2% more than last year, of which 70% are self-made. Yang Huiyan reclaimed the title of richest woman in China for the first time in 11 years.

l  Political appointments up. 213 individuals or 10%, up from 9.4% last year, are delegates to the National People's Congress or CPPCC, with the NPC delegates up by 26 to 125, and CPPCC delegates up by 11 to 88. 3 are delegates to the 19th Party Congress starting on 18 October. “The Hurun Rich Listers have become important stakeholders in the economy, with the companies they founded employing the best part of 2% of the workforce and paying 6% of the total tax revenues.”

l  Going global. “Foreign exchange restrictions put in place recently have made it harder for rich listers to move money overseas,” says Hoogewerf.

l  In trouble with the law. 5 of trouble with the authorities, with Xiao Jianhua of Tomorrow Holdings the highest profile. Xiao still makes the list with US$4.5bn. US-based Guo Wengui is off the list this year.

l  Chinese star signs. It has been a good year for those born in the Year of the Dragon, although Rabbits lead the way for the umpteenth year.

l  Hurun Research has grown to become the World’s Largest Rich List compiler.

 

 

(12 October 2017, Shenzhen) The Hurun Research Institute today released the Hurun Rich List 2017 in association with China-based training platform 36G. This is the 19th annual ranking of the richest individuals in China. Wealth calculations are a snapshot of 15 August, the same date as previous years.

 

Over the past year, 1184 saw their wealth increase, of which 348 are new to the list. 2130 individuals found, up 74 since last year, with a wealth cut-off of US$300 million. Average wealth rose 12.5% to US$1.2 billion, with the Top 100 shooting up 60% yoy. Total wealth amounted to US$2.5 trillion.

 

The HK stock market had a good year, up 19% to 27,000 points, whilst the Shanghai index was up 4% over the last year.

 

Dima Xiuer, CEO and founder of 36G, said “So many of China’s entrepreneurs have grown into world-class business leaders over the past few years. We are delighted to be working with the world’s largest rich list compiler Hurun Report on this list.”

 

This is an English language summary of the full Chinese press release which can be found at www.hurun.net. For media enquiries please contact our public relations team whose contact details can be found at the end of this report.

 

 

 

The Top 10

There are 3 new entries to the Top 10: Yang Huiyan of Country Garden, Wang Wei of SF Express and Li Shufu & Li Xingxing of Geely. 4 made their money from IT, same as than last year, 3 are real estate tycoons. The cut-off to make the Top 10 increased 41%, to US$16.4bn. All would now make the Top 100 of the Hurun Global Rich List. Average age is 49, five less than last year. Half of the Top 10 are based in Guangdong, South China.

 


Name

Wealth US$bn

Change in Wealth

Age

Company

1↑

Xu Jiayin

43

272%

59

Evergrande

2↑

Pony Ma   Huateng

37

52%

46

Tencent

3↓

Jack Ma   Yun & family

30

-2%

53

Alibaba

4 *

Yang   Huiyan

24

230%

36

Country   Garden

5↓

Wang   Jianlin & family

23

-28%

63

Wanda

6 *

Wang Wei

22

new

47

SF

7↑

Li Yanhong   & Ma Dongmin

19

28%

49, 47

Baidu

8↑

He   Xiangjian & He Jianfeng

17

47%

75, 50

Midea

8↓

Yan Hao   & family

17

15%

31

China   Pacific Construction

10↓

Ding Lei

16

10%

46

Netease

10 *

Li Shufu   & Li Xingxing

16

261%

54, 32

Geely

Source: Hurun Rich List 2017, in association with 36G

↑Rank increase yoy ↓Rank decrease yoy *New to Top 10

 

 

Xu Jiayin, 59, of Evergrande saw his wealth soar almost four-fold to US$43bn to become China's Number One for the first time, taking on the mantle of Wang Jianlin, last year’s Number One, who dropped down to 5th place.

 

Pony Ma Huateng, 46, climbs to second place with a net worth of US$37bn. Tencent's share price has surged more than 60% this year, on the back of WeChat’s continued domination, and a strong performance in its online games. Pony Ma has been one of the most aggressive dealmakers this past year, taking – amongst others – a 5% stake in Tesla for US$1.8bn. Tencent saw its market value soar to US$400 billion and break into the Fortune Global 500 for the first time.

 

Jack Ma Yun, 53, & family dropped down one place to third, with his wealth down 2% to US$30bn, despite a doubling in the stock value of Alibaba. The main reason for his drop, was a reduction in his ownership of Ant Financial, the mother ship of Alipay, from 35.5% last year to 1.2% this year, which resulted in an increase of 25 shareholders in Ant Financial making the list this year.

 

Yang Huiyan, 36, of Country Garden, saw her wealth triple to US$24bn, shooting her back into the Top 10 straight into 4th spot, ahead of last year’s Number One Wang Jianlin. Country Garden, set up by her father Yang Guoqiang, had sales in the first three quarters of this year of US$60bn.

 

Wang Jianlin, 63, of Wanda, and family wealth shrank by 28% to fifth spot with US$23bn. This is the first time Wang has fallen out of the Top Three in five years. In July, Wang sold off much of Wanda’s theme parks and hotels to Sunac and R&F, run by fellow billionaires Sun Hongbin and Zhang Li. Wang continues to derive much of his wealth from his cinema chain. Wang ranked 6th on the Hurun Philanthropy List 2017 with a donation of US$100 million.

 

‘Express Delivery King’ Wang Wei, 47, of SF Express, came in at sixth with US$22bn, after a successful IPO in February this year. Last year, SF’s sales hit CNY 57.5 billion.

 

Robin Li Yanhong & Melissa Ma Dongmin of Baidu rose one spot to 7th place after a 28% rise to US$19bn.

 

He Xiangjian & He Jianfeng, of Midea, rose to 8th after a 47% surge to US$17bn. One of the most aggressive cross-border dealmakers in the past year, Midea has acquired businesses in Germany, Japan and Italy, and has ambitions to become a world leader for robotics.  Midea currently has 130,000 employees.

 

‘Road King’ Yan Hao, 31, & family held on to eighth with US$17bn, up 15%. China Pacific Construction made the Top 100 of the Fortune Global 500 for the second year running, and has 300,000 employees. Earlier this year, it moved its global headquarters to Xinjiang, to take advantage of the building spree generated by the One Belt One Road policy.

 

William Ding Lei, 46, dropped down four places to tenth despite growing his wealth by 10%.

 

Li Shufu, 54, and son Li Xingxing, 32, saw their wealth surge almost four-fold to break into the Top 10 for the first time with US$16bn. Last year, Geely sold 770,000 vehicles, with annual sales volume reaching up 80% year on year. Li has overtaken Wang Chuanfu of BYD to become the ‘Car King’ of China.

 

 

Out of Top 10

 

Five dropped out of last year’s Top 10. Three whose wealth declined: Yao Zhenhua of Baoneng, who was banned from the insurance industry for 10 years; Zong Qinghou of Wahaha, who saw sales decline by a third; Yan Bin of Reignwood, who is currently in dispute with Red Bull over the China rights to the brand. And two whose wealth did not manage to grow fast enough to keep pace with the Top 10: Zhang Jindong of Suning and Lu Zhiqiang of Oceanwide.

 

 

Industry Analysis

 


Industry

2017%

2016%

Richest Individual

Company

1 -

Manufacturing

27.9%

26.2%

He   Xiangjian

Midea

2 -

Real   estate

14.6%

15.4%

Xu Jiayin   *

Evergrande

3 -

IT

11.9%

11.8%

Pony Ma*

Tencent

4 -

Finance,   investments

10.9%

10.8%

Lu   Zhiqiang*

Oceanwide

5 -

Pharmaceuticals

6.7%

6.6%

Sun   Piaoyang & Zhong Huijuan

Hengrui   Medicine

6↑

Natural   Resources

4.9%

4.5%

Wang   Qingtao *

Zhongrong   Xinda

7↑

Foods,   drinks

3.3%

3.3%

Zong   Qinghou

Wahaha

7↑

Services

3.3%

2.4%

Wang Wei*

SF

9 -

Apparel

3.2%

3.2%

Zhou   Jianping

Heilan

10↓

Media   Entertainment

3.0%

3.2%

Pony Ma

Tencent

11↓

Retail

2.9%

4.7%

Jack Ma   Yun

Alibaba

12 -

Agriculture

2.5%

2.1%

Liu   Yonghao

New Hope

13↑

Construction

2.0%

1.8%

Yan Hao

China   Pacific Construction

14 -

Iron +   Steel

1.7%

1.9%

Shen   Wenrong

Sha Steel

15↓

New Energy

1.3%

2.1%

Zhu   Gongshan

GCL

Source: Hurun Rich List 2017, in association with 36G

↑ Rank increase yoy  ↓ Rank decrease yoy  - No Rank change yoy  *New to this

 

 

Residences

Beijing leads, followed by Shenzhen.  Shanghai hangs on to third spot from Hangzhou.

 


Residence

%

Number of indiv. (Change yoy)

1 -

Beijing

14.0%

300 (-22)

2 -

Shenzhen

10.5%

224 (+29)

3 -

Shanghai

8.2%

173 (+11)

4 -

Hangzhou

7.2%

153 (+30)

5 -

Guangzhou

4.2%

89 (+11)

6 -

Suzhou

2.5%

53 (+4)

7 -

Hong Kong

2.3%

50 (+12)

8↑

Foshan

1.8%

39 (+5)

9 -

Ningbo

1.7%

37 (+1)

10↓

Chengdu

1.6%

34 (-3)

11↑

Nanjing

1.55%

33 (+8)

12 -

Dongguan

1.5%

32 (+5)

13↓

Shaoxing

1.46%

31 (+0)

14↑

Wuxi

1.4%

30 (+6)

15↓

Chongqing

1.36%

29 (+2)

16↓

Xiamen

1.3%

28 (+1)

16↑

Tianjin

1.3%

28 (+5)

18*

Changzhou

1.2%

25 (+3)

18↓

Taizhou

1.2%

25 (+0)

20 *

Shantou

1.1%

24 (+4)

Source: Hurun Rich List 2017, in association with 36G

↑ Rank increase yoy  ↓ Rank decrease yoy  - No Rank change yoy  *New to this

 

 

Companies with the largest number of rich listers


Company Name

No. of indiv.

1

Alibaba   & Ant Financial

43

2

Rizhao   Iron and Steel

9

2

Sha Steel

9

4

SF Express

8

4

WENS

8

6

Meijing   Energy

7

6

Xinwei

7

8

CDH

6

8

Haitian

6

8

HNA

6

8

JD Capital

6

8

Zhongrong   Xinda Group

6

Source: Hurun Rich List 2017, in association with 36G

 

Political appointments

 

3 are delegates to the 19th Party Congress: ‘Shandong Corn King’ Li Denghai (US$1bn), for the third session, ‘Hubei Alcohol Tycoon’ Wu Shaoxun (US$1.3bn) and ‘Milk King’ Pan Gang of Yili (US$900m).

 

213 are delegates to the NPC or CPPCC, up 19 from last year. Delegates to the NPC are up 26 to 125, and CPPCC up by 11 to 88. 7 are standing committee members of the CPPCC: Xu Jiayin, Lu Zhiqiang, Wang Wenbiao, Nan Cunhui, Sun Yinhuan, Liu Changle and Mao Yonghong.

 

9 are vice chairmen of the All-China Federation of Industry and Commerce: Robin Li Yanhong, Li Hejun, Xu Guanju, Su Zhigang, Zhou Haijiang, Pan Gang, Xu Jiankang, Sun Yinhuan and Mao Yonghong.

 

 

Social Media Impact

Alibaba Pictures investor and actress Zhao Wei is the ‘Hurun Rich List Social Media Queen’ with 80m fans. Wang Sicong, son of Wang Jianlin, passed Jack Ma to take third place with 23.4m fans.

 


Name

Weibo Followers million (Change yoy)

1 -

Zhao Wei

80.5 (+2)

2

Wang   Sicong

23.4   (+2.6)

3 -

Wang   Sicong

22.7   (+1.6)

4

Pan Shiyi

18.4 (-)

5

Jia   Yueting

16.5 (+2)

6

Lei Jun

15.1   (+1.6)

7 -

Yu Minhong

14.5   (+0.1)

8

Zhou   Hongyi

11.8   (+0.3)

9 -

Xu   Xiaoping

11.7 (-)

10

Zhang Xin

10.1 (-)

11

Wang   Changtian

8.8 (-)

12

Jiang   Nanchun

8.2 (-)

13

Shi Yuzhu

7.8 (+)

14

Li Yifei

7.2 (-)

15

Jiang   Xipei

6.9 (-)

16

Wang   Chaoyong

5.3 (-)

17

Cai   Wensheng

4.7 (-)

18

Chen   Guangbiao

4.7 (+)

19

Li Guoqing

4.5 (+)

Source: Weibo as of 28 September 2017

↑ Rank increase yoy Rank decrease yoy - No Rank change yoy

 

 

Largest Market Capitalizations

Alibaba and Tencent led the way for the companies with the largest market caps.

 


Company Name

Market Value US$Bn

1

Alibaba

450

2

Tencent

420

3

PingAn

150

4

Huawei

110

5

Baidu

85

6

Ant   Financial

60

7

JD.com

55

8

Evergrande

50

9

Didi

49

10

Hikvision   Digital Technology

44

Source: Hurun Rich List 2017, in association with 36G

 

 

Shared Economy. A few entrepreneurs are taking on a leadership role in the shared economy. Cheng Wei of taxi app Didi, Dai Wei of bike app ofo, Li Bin of rival bike app Mobike, Mao Daqing of URwork are leading the way. “The next story is AI, driverless cars, biotech, but these industries have not found their way into the Hurun list yet,” says Hoogewerf.

 

Other Important IPOs include Beijing Genomics, jewelry brand Chow Tai Seng and Leysen Jewelry.

 

Dong Mingzhu of state-owned Gree. One of China’s highest-profile women entrepreneurs, Dong this year makes the list for the first time for her share of a Zhuhai new energy vehicle manufacturer, co-invested by Wang Jianlin.

 

Chen Feng of HNA makes the list for the first time, together with five other shareholders of HNA.

 

Most employees. Seven companies started by rich listers have more than 100,000 employees: Taikang with 27,000 direct employees and 650,000 insurance sales agents; BYD 190,000; Huawei 170,000; Wanda 156,000; Midea 130,000; SF 120,000; Evergrande 100,000.

 

Increased status of entrepreneurs. Guo Guangchang of Fosun became the first rich lister to be allowed to take a stake in a PPP railway construction project.

 

In trouble with the law. 5 of last year’s list are in trouble with the authorities. The highest profile are Xiao Jianhua of Tomorrow Holdings, who still makes the list, and Guo Wengui, who is now in the US and no longer makes the list. Huang Guangyu of Gome is in prison; Zhang Keqiang of Poly has not yet been sentenced; Bai Fengming of Xintong are under investigation; Zhu Yicai of Yurun is under house detention.  

 

Bankruptcy. Lin Binlan of Xinyijia owed US$100m and began liquidation.

 

Deaths. Three of last year’s list died. Qian Sanbao of Hengbao, Wang Dong of Dayu and Wang Deyan of Zhongguang.

 

 

Interesting domestic M&A deals

l  Wang Jianlin of Wanda sold theme parks to Sunac for US$6.5bn and 77 hotels to R&F Properties for US$3bn.

l  Shen Wenrong of Sha Steel announced plans to purchase 88% stake of Qingfeng in Suzhou and Daily-Tech Beijing by 22.9 billion RMB and 2.9 billion RMB. Qingfeng's core assets are 49% of Global Switch, a UK third-party database provider.

l  Zhang Xuhao of Ele.me bought out Baidu Deliveries in an US$800m acquisition.

l  Jack Ma of Alibaba spent US$800m to take control of logistics platform Cainiao, and bought a stake in Chen Fashu’s Xinhuadu stores.

l  Zhang Jin of Cedar acquired Sinoer, a men's apparel brand.

l  Zuo Hui of property agency Lianjia attracted CNY 3 billion of investment from Vanke and CNY 2.6 billion from Sunac.

l  Cheng Wei of Didi invested US$200m into RenRenChe, a second-hand car trading platform.

l  Chen Fashu became the largest shareholder of former state-controlled Yunnan Baiyao.

 

 

Cross-border M&A

Chen Feng of HNA led the way with cross-border deals this year

 

l  US: Chen Feng of HNA acquired a 25% stake in Hilton Worldwide from Blackstone LP for US$6.5 billion. HNA also bought US technology distributor Ingram Micro for US$6 billion.

Lu Zhiqiang of Oceanwide struck a deal to buy Genworth Financial for $2.7 billion and IDG Inc, a media and market research.

Pony Ma of Tencent led a 5% stake in Tesla for US$1.8bn

Jack Ma of Ant Financial, the digital payments arm of e-commerce giant Alibaba, is buying US-based payments firm MoneyGram for US$880m.

Qiu Jianping of GreatStar Industrial, a leading global developer, manufacturer and supplier of hand and power tools, announced that it has entered into an agreement to acquire Arrow Fastener from parent company Masco Corporation for US$1.25m.

l  Germany: Chen Feng of HNA has overtaken Blackrock to become Deutsche Bank's biggest shareholder after increasing its stake in the firm to nearly 10%. Guo Guangchang of Fosun has acquired a 34,000 square meter office complex in Frankfurt for just over US$50 million from New York’s Fortress Investment Group.

l  UK: Zhang Songqiao of Zhongyu Industry bought the Leadenhall Building, the tallest Building in the city of London for US$1.3 billion and office building One Kingdom Street for US$390 million. Chen Hongtian of Cheung Kei brought 20 Canada Square for US$540 million. Gao Jisheng of Lander bought 80% of Southampton FC for GBP 210 million. Pony Ma of Tencent bought a 9% stake in Cambridge-based gaming company Frontier Developments, in a deal worth £17.7 million.

l  Japan: Wang Jianfeng of Joyson paid US$1.6 billion to merge KSS from Japanese airbag maker Takata.

l  Southeast Asia: Jack Ma of Alibaba paid US$1 billion to boost Alibaba’s stake in Lazada, a Southeast Asian e-commerce platform to 83%. Chen Feng of HNA announced its plan to buy Singapore’s logistics provider CWT for US$1bn.

l  India: Guo Guangchang of Fosun bought 74% of India Gland Pharma for US$1.1 billion.

l  Italy: Ye Yuanxi of Grandland acquire 100% of the shares of Permasteelisa, Grandland will pay an acquisition price of US$549 million.

l  Russia: Guo Guangchang of Fosun paid US$160m for a building in Moscow.

l  SwitzerlandGuo Guangchang of Fosun and Fujian Septwolves believed to be among the suitors vying for the €600 million luxury leather goods company Bally.

 

 

Missing from the list? Whilst Hurun Research has made every effort to dig up China’s most successful entrepreneurs, some are inevitably missed.  People we suspect ought to be on the list but whom we cannot prove it include Zhang Ruimin of Haier, Peter Ma Mingzhi of PingAn, Sun Yafang of Huawei. “For every one we have found, we estimate there to be two that we have missed,” suggests Hoogewerf.

 

 

Philanthropists

China’s Most Generous Philanthropist Xu Guanju & family donated US$430m to Transfar Charity Foundation last October. The foundation focuses on relieving poverty, health, education and technology, green and ecology, agriculture and rural development, staff development and protection. Tencent co-founder Chen Yidan donated US$320m rank 2nd, setting up the Yidan Award, one of the world's largest education awards in Hong Kong. Real estate tycoon Xu Jiayin of Evergrande donated US$180m ranked 3th, mainly to an area within Guizhou Province, and US$1.5m to Harvard University for research.

 

Hurun Philanthropy List 2017 Top 10

 


Name

Donation $m

Cause

Company

Age

1 *

Xu Guanju   & family

430

Social   welfare

Chuanhua

56

2 -

Chen Yidan

320

Education

Tencent

46

3↑

Xu Jiayin

180

Poverty   alleviation, Social welfare, Education, Culture

Evergrande

59

4↑

Lu   Zhiqiang

165

Poverty   alleviation, Education

FanHai

65

5 *

Chen   Tianqiao & Luo Qianqian

115

Medical   research

Shanda

44

6↓

Wang   Jianlin & family

92

Poverty   alleviation, Social welfare

Wanda

63

7↓

Huang   Rulun

65

Education,   Poverty alleviation, Public infrastructure

Century   Golden Resources

66

8 *

Hu Baosen

65

Public   infrastructure, Education

Henan   Jianye

67

9 *

Yang   Guoqiang & Yang Huiyan

64

Poverty   alleviation, Social welfare, Education

Country   Garden

62, 36

10 *

Xiong   Xinxiang

56

Education


49

Source: Hurun Research

↑ Rank increase yoy  ↓ Rank decrease yoy  - No Rank change yoy  * New

 

 

 

Chinese Star Signs


Star Sign

%

2016 Rank

Richest Individual

1

Rabbit

12.4%

1

Zhang   Jindong

2

Dragon

10.4%

3

Jack Ma

3

Snake

9.5%

2

Gong   Hongjia

4

Tiger

8.7%

4

Yan Hao

5

Monkey

8.4%

5

Li Yanhong

6

Dog

8.0%

6

Xu Jiayin

7

Ram

7.6%

7

He   Jianfeng

8

Horse

7.5%

8

Wang   Jianlin

9

Rooster

7.2%

9

Yang   Huiyan

10

Rat

6.9%

9

Zhang   Zhidong

11

Pig

6.8%

11

Pony Ma

12

Ox

6.6%

12

Fang Wei

Source: Hurun Rich List 2017, in association with 36G

 

 

Chinese Surnames


Chinese   Surname

2017%

2016   Rank

1

Wang

7.1%

1

2

Zhang

6.5%

2

3

Li

6.4%

3

4

Chen

5.6%

4

5

Liu

3.9%

5

6

Huang

2.7%

6

7

Yang

2.5%

6

8

Wu

2.4%

8

9

Zhou

2.2%

9

10

Xu

2.1%

11

11

Lin

1.8%

10

11

Zhao

1.8%

12

11

Zhu

1.8%

12

14

Guo

1.7%

14

15

Sun

1.6%

15


Source: Hurun Rich List 2017, in association with 36G

 

 

Global Distribution of China's Billionaires

A massive 36% of the world’s known billionaires are now from China.

 


Place of Residence

Numbers

1

Mainland   China

647

2

Hong Kong

66

3

Taiwan

35

4

Singapore

13

5

Thailand

8

5

USA

8

5

Indonesia

8

8

Philippines

6

9

Malaysia

5

10

Macao

1


Total

797

Source: Hurun Global Rich List 2017 and Hurun Rich List 2017, in association with 36G

 

 

 

Historical Stats

Year

No. of Dollar Billionaires

No.  of   people on list

Cut-off   US$m

Number One

Age

Wealth   US$bn

1999

1

50

6

Rong Yiren

83

1

2000

2

50

42

Rong Yiren

84

2

2001

1

100

60

Liu Yongxing, Liu Yonghao & brothers

53, 50

1

2002

0

100

84

Larry Rong Zhijian

60

0.85

2003

0

100

110

William Ding Lei

32

0.9

2004

3

100

150

Huang Guangyu

36

1

2005

7

400

60

Huang Guangyu

37

2

2006

18

500

100

Zhang Yin & family

49

3

2007

106

800

105

Yang Huiyan

25

18

2008

101

1000

100

Huang Guangyu

39

6

2009

129

1000

150

Wang Chuanfu

43

5

2010

189

1363

150

Zong Qinghou

65

12

2011

254

1000

320

Liang Wen’gen

55

11

2012

251

1000

290

Zong Qinghou

67

12.6

2013

315

1000

325

Wang Jianlin

59

22

2014

354

1271

330

Jack Ma Yun

50

25.8

2015

596

1877

310

Wang Jianlin

61

34.4

2016

594

2056

300

Wang Jianlin

62

32.1

2017

647

2130

300

Xu Jiayin

59

43

Source: Hurun Rich List 2017, in association with 36G

 

 

Cut-off

“The top of the Hurun Rich List has grown faster than any year since 2007, with the possible exception of 2015,” says Hoogewerf.

 

Year

Top   10 Cut-off US$m

Top   50 Cut-off US$m

Top   100 Cut-off US$m

Top   500 Cut-off US$m

Top   1000 Cut-off US$m

2010

5,240  

2,300  

1,510  

440  

240  

2011

5,710  

2,700  

1,750  

590  

320  

2012

5,400  

2,400  

1,670  

560  

290  

2013

6,100  

3,000  

1,970  

660  

325  

2014

7,500  

3,300  

2,300  

750  

400  

2015

10,200  

4,700  

3,200  

1,090  

610  

2016

11,600

4,500

3.300

1,100

600

2017

16,000

6,000

4,000

1,190

670

Source: Hurun Rich List 2017, in association with 36G

 

 

 

Methodology

The Hurun Rich List is a snapshot of wealth as of August 15, the same date as that used for each of the last few years. The exchange rate used for the US dollar was CNY 6.7, for the Hong Kong dollar was CNY 0.85.

 

The list relates to Mainland Chinese only, defined as someone born and brought up in Mainland China, no matter what passport they might hold today.

 

Valuing the wealth of China’s richest is as much an art as it is a science. We have missed some people, many of whom go to extraordinary lengths to hide their wealth, but we believe the Hurun Rich List to be the most serious attempt to identify China’s top entrepreneurs and to measure their holdings. Our team of researchers has - for the nineteenth year running - traveled the length and breadth of the country cross-checking information with entrepreneurs, local government, industry experts, journalists, bankers and regulators, as well as previous years’ databases. For non-listed companies our valuation was based on a comparison with their listed equivalents using prevailing industry Price/Earnings ratios.


 

Hurun Rich List 2017, in association with 36G - Top 100

For the full list of 2130 people, see www.hurun.net

 

Rank

Rank   change

Name

Wealth   US$m

change in   wealth

Company

Key Source   of Wealth

Headquarters

Age

1

9

Xu Jiayin

43,000

272%

Evergrande

Real   estate, investments

Guangdong

59

2

1

Ma Huateng

37,000

52%

Tencent

IT,   entertainment

Guangdong

46

3

-1

Ma Yun   & family

30,000

-2%

Alibaba

E-commerce,   fintech

Zhejiang

53

4

18

Yang   Huiyan

24,000

230%

Country   Garden

Real   estate

Guangdong

36

5

-4

Wang   Jianlin & family

23,000

-28%

Wanda

Real   estate, culture

Beijing

63

6

new

Wang Wei

22,000

new

SF Express

Express delivery

Hong Kong

47

7

1

Li Yanhong   & Ma Dongmin

19,000

28%

Baidu

Search   engine

Beijing

49, 47

8

2

He   Xiangjian & He Jianfeng

17,000

47%

Midea

Home   appliances

Guangdong

75, 50

8

-2

Yan Hao   & family

17,000

15%

China   Pacific Construction

Roads

Xinjiang

31

10

-4

Ding Lei

16,000

10%

Netease

IT,   entertainment

Guangdong

46

10

40

Li Shufu   & Li Xingxing

16,000

261%

Geely

Car   manufacturing

Zhejiang

54, 32

12

5

Zhang   Zhidong

14,900

79%

Tencent

IT,   entertainment

Guangdong

45

12

-7

Zong   Qinghou & family

15,000

-11%

Wahaha

Drinks

Zhejiang

72

14

-10

Yao   Zhenhua

14,200

-17%

Baoneng

Investments,   real estate

Guangdong

47

15

-5

Zhang   Jindong

13,900

19%

Suning

Retail,   real estate

Jiangsu

54

16

-7

Lu   Zhiqiang & family

12,800

1%

Oceanwide

Real estate,   finance, investments

Beijing

65

17

-3

Wang   Wenyin & Liu Jiehong

11,900

23%

Amer

Cable and   copper products

Guangdong

49, -

18

-8

Yan Bin

11,200

-4%

Reignwood

Red Bull,   real estate

Beijing

63

19

327

Sun   Hongbing

10,700

658%

Sunac

Real   estate

Tianjin

54

20

5

Zhou   Qunfei & Zheng Junlong

10,700

55%

Lens

Manufacturing

Hunan

46, 45

21

5

Liu   Qiangdong

10,400

54%

JD

E-commerce

Beijing

43

22

-8

Lei Jun

10,100

5%

Xiaomi

Mobile   phones, investments

Beijing

48

23

-7

Zhang   Shiping & family

9,800

7%

Weiqiao   Pioneering

Textiles,   aluminum

Shandong

71

24

15

Gong   Hongjia & Chen Chunmei

9,700

81%

Hikvision   Digital Technology

Video   surveillance products

Zhejiang

52, 52

25

3

Guo   Guangchang

9,300

40%

Fosun

Investment,   steel, pharmaceuticals

Shanghai

50

26

-7

Shi Yuzhu   & family

9,100

13%

Giant

Finance,   online games, investments

Shanghai

55

27

1

Sun   Piaoyang & Zhong Huijuan

8,800

33%

Hengrui   Medicine

Pharmaceuticals

Jiangsu

59

28

75

Wang   Qingtao

8,600

167%

Zhongrong   Xinda Group

Coal

Shandong

55

28

-6

Wang   Wenxue

8,600

19%

Fortune   Land Development

Real   estate

Beijing

50

30

-6

Liu   Yongxing & family

8,500

21%

East Hope

Aluminium,   feed

Shanghai

69

30

16

Wu Yajun   & family

8,500

73%

Longfor

Real   estate

Beijing

53

32

-5

Xu Shihui   & family

8,400

24%

Dali

Food

Fujian

60

33

-12

Xu Rongmao   & family

8,100

9%

Shimao

Real   estate

Shanghai

67

34

4

Pan   Zhengmin & Wu Chunyuan

8,100

48%

AAC   Acoustic Technologies

Acoustics

Guangdong

50

34

3

Wang Yusuo   & Zhao Baoju

8,100

46%

ENN

Gas,   energy

Hebei

53, 52

36

-16

Chen Lihua

7,500

0%

Fu Wah

Real   estate, Red sandalwood Museum

Beijing

76

37

-19

Lu Guanqiu   & family

7,300

-11%

Wanxiang

Car parts,   real estate, agriculture

Zhejiang

72

38

15

Fang Wei

7,200

62%

Fangda

Carbon,   steel, coal

Beijing

44

39

-7

Yuan Yafei

7,000

18%

Sunpower

IT   retailer, real estate, investments

Jiangsu

53

40

17

Chen   Jianhua & Fan Hongwei

6,900

60%

Wujiang   Henli Chemical Fibre

Textiles,   chemical fiber, real estate

Jiangsu

46

41

25

Chen   Dongsheng & family

6,700

73%

Taikang

Insurance

Beijing

60

41

8

Zhang Yin   & family

6,700

45%

Nine   Dragons Paper

Paper   & Packaging

Guangdong

60

43

1

Liu Yiqian   & family

6,400

25%

Sunline

Investments

Shanghai

54

44

-14

Liu   Yonghao & family

6,300

0%

New Hope

Agriculture,   finance

Sichuan

66

45

0

Sun   Guangxin

6,300

24%

Guanghui 

Car sales,   energy, real estate

Xinjiang

55

46

-14

Li Jinyuan

6,000

1%

Tiens

Healthcare  

Tianjin

59

46

0

Ma   Xingtian & family

6,000

23%

Kangmei

Pharmaceuticals

Guangdong

48

48

-16

Li Hejun

6,000

0%

Hanergy

Solar

Beijing

50

48

298

Peng Lei

6,000

321%

Alibaba

E-commerce,   fintech

Zhejiang

46

48

165

Zhang   Bangxin

6,000

208%

TAL

Education

Beijing

37

48

-7

Zhou   Jianping & family

6,000

13%

Heilan

Apparel,   investments

Jiangsu

56

52

-16

Wei   Jianjun & Hang Xuejuan

5,800

-1%

Great Wall   Motor

Car   manufacturing

Hebei

53

53

-3

Yan Zhi

5,700

26%

Zhuoer

Real   estate, investments

Hubei

45

54

133

Nie   Tengyun & Chen Liying

5,500

155%

Yunda

Logistics

Shanghai

41, 42

55

22

Wang Tao

5,400

50%

DJI-Innovations

Drones

Guangdong

37

56

59

Lin Li

5,200

75%

Liye

Finance,   investments

Guangdong

54

56

17

Xiong   Xuqiang

5,200

40%

Yinyi

Real   estate, mining, investments

Zhejiang

61

56

1

Xu Jingren

5,200

21%

Yangtze   River Pharmacy

Pharmaceuticals

Jiangsu

73

56

33

Yu Yong

5,200

56%

Cathay   Fortune Corp

Molybdenum   minerals

Shanghai

-

60

17

Lin   Xiucheng & Lin Zhiqiang

5,100

44%

Sanan

LED

Fujian

62, 43

61

34

Cai Kui   & family

5,100

55%

Longfor

Real   estate

Beijing

56

61

47

Fu Liquan   & Chen Ailing

5,100

62%

Dahua Technology

Software,   Electronic and communication products

Zhejiang

50, 50

61

71

Xie Zhikun   & family

5,100

89%

Zhongzhi

Finance,   investments, mining

Beijing

56

61

20

Lin Yi

5,100

48%

Shenglong

Property

Shanghai

-

65

-26

Lyu   Xiangyang & Zhang Changhong

4,900

-8%

Guangzhou   Youngy

Investments

Guangdong

55,56

65

-12

Zhao Tao

4,900

10%

Buchang

Pharmaceuticals

Beijing

51

65

-12

Zhou   Xiaoguang & Yu Yunxin

4,900

10%

Xinguang

Jewelry,   real estate, investments

Zhejiang

55

68

3

Pang Kang

4,900

27%

Haitian

Food   flavorings

Guangdong

61

69

-8

Zhu Mengyi   & family

4,800

14%

Hopson

Real   estate, investments

Guangdong

58

70

9

Chen Fashu

4,700

34%

Xinhuadu

Retail,   mining, investment

Fujian

56

70

1

Ma   Jianrong & family

4,700

24%

Shenzhou

Textiles, apparel

Zhejiang

52

70

125

Yu Huijiao   & Zhang Xiaojuan

4,700

125%

YTO

Express   delivery

Shanghai

51,49

70

-17

Zhang Jun

4,700

5%

Fu De

Finance,   real estate

Guangdong

-

74

38

Jiang Bin   & Hu Shuangmei

4,600

49%

GoerTek

Acoustics   and multimedia products

Shandong

51,51

75

6

Chen   Hongtian & Yao Lini

4,500

30%

Cheung Kei

Investment,   real estate

Guangdong

58, -

75

-32

Jiang   Nanchun

4,500

-14%

FocusMedia

Digital   new media, investment

Shanghai

44

75

57

Shen   Guojun & family

4,500

67%

Yintai

Retail,   Real estate

Beijing

55

75

-34

Wang   Chuanfu

4,500

-15%

BYD

Car   manufacturing, Mobile phone parts, batteries

Guangdong

51

75

-43

Xiao   Jianhua & Zhou Hongwen

4,500

-33%

Tomorrow   Holdings

Financial   Services

Beijing

46,47

75

6

Zhang Jin

4,500

30%

Cedar

Investment,   real estate

Guangdong

46

81

124

Ji Haipeng   & family

4,400

119%

Logan   Estate

Real   estate

Guangdong

50

81

-20

Song   Zuowen & family

4,400

5%

Nanshan

Aluminium,   apparel, real estate

Shandong

70

83

new

Yao   Liangsong

4,300

new

Oppein

Furniture

Guangdong

53

83

1820

Zhang   Yiming

4,300

1350%

TouTiao

TMT

Beijing

34

85

-25

Che   Jianxing & Chen Shuhong

4,300

0%

Macalline

Furniture   malls

Shanghai

51

85

-28

Huang Wei   & Li Ping

4,300

-2%

XinHu

Real   estate, finance

Zhejiang

58, -

87

64

Li Zhaoting

4,200

65%

Tunghsu

Photoelectric   display,  photovoltaic

Beijing

52

87

40

Liu   Hanyuan & Guan Yamei

4,200

51%

Tongwei

Agriculture,   new energy

Sichuan

53,  -

87

-37

Sun   Xishuang

4,200

-8%

Yifang

Real   estate, investment

Beijing

64

91

56

Huang   Qisen & family

4,100

57%

Thaihot

Real   estate

Fujian

52

91

79

Jiang   Weiping & Zhang Jing

4,100

67%

Tianqi

Mining

Sichuan

62, 56

93

28

Chen   Jinxia

4,000

42%

Yongjin

Pharmaceutical,   Investment

Shanghai

49

93

-12

Chen   Tianqiao & Luo Qianqian

4,000

17%

Shanda

Investment,   online games

Shanghai

44

93

65

Gao   Tianguo

4,000

69%

Guozhijie

Investments

Shanghai

66

93

2

Ou   Zongrong

4,000

23%

Zhenro

Real   estate

Shanghai

53

97

35

Chen   Ailian & Wu Liangding

4,000

47%

Zhongbao

Automobile   parts

Zhejiang

5971

97

6

Du   Jiangtao & Hao Hong

4,000

23%

Junzheng

Coal,   thermoelectricity, energy

Inner   Mongolia

48, -

97

18

Fu Jun

4,000

33%

Macrolink

Mining,   real estate, investments

Beijing

60

97

-22

Geng   Jianming & Yang Xiaoqing

4,000

8%

RiseSun

Real   estate

Hebei

55, -

97

22

He Qiaonv   & Tang Kai

4,000

36%

Orient   Landscape

Landscaping  

Beijing

51, 47

97

-34

Jiang   Zhaobai

4,000

-2%

Pengxin

Dairy,   real estate, investment

Shanghai

54

97

-16

Miao   Shouliang

4,000

15%

Fuyuan

Real   estate, hydroelectricity, new energy

Guangdong

62

97

-22

Wang   Qicheng & Wu Yan

4,000

8%

Hakim

IT, media,   real estate, investment

Zhejiang

37, 36

97

61

Wang Xing

4,000

66%

Meituan

IT

Beijing

38

 

 


 

 

About 36G

 

36G is a leadership training platform, set up by Matishower in association with Hurun Report and well-known business host Wang Mudi.

 

36G started out by building a platform bringing together investors with exciting new companies.

 

 

About Hurun Report Inc.

 

Nobody Knows China’s Rich Better!

 

Established as a research unit in 1999 by British accountant Rupert Hoogewerf, Hurun Report Inc. has grown into a leading research house, media and lifestyle investments business based in Shanghai, China, best-known for its rankings of the richest people in China, India and the rest of the world.

 

Hurun Report Inc. has four divisions: Hurun Research Institute; Hurun Media; Hurun Conferences and Training, an active events division targeting entrepreneurs and high net worth individuals; and Hurun Lifestyle and Investments, with investments in education, interior design, horses, bespoke tailoring, media and retail.

 

  

For media inquiries, please contact:

Hurun Report

Porsha Pan

Tel: +86-21-50105808*601

Mobile: +86-139 1838 7446

Email: porsha.pan@hurun.net

 


 

Download:

Hurun Rich List 2017 ENG 171012.docx

新闻稿:《36计 胡润百富榜2017》171012.docx

Hurun Rich List 2017 ENG&CHN 171012.xlsx


Keywords:Hurun China Rich List
Editor:Porsha Pan