39-year old Huang Guangyu is the richest man in China for the third time in five years with a personal fortune of US$6.3 billion. Huang made his fortune with Gome, a household appliance retailer, and has since been expanding into Beijing property and private equity investments. Huang is also China’s cash-richest individual, having cashed out US$1.9 billion to date by selling privately-held retail outlets to Gome’s HK-listed vehicle, in which he still retains a 35% shareholding. Since dropping out from school aged sixteen, Huang has built Gome into China’s largest retailer by sales with 1400 outlets and sales last year surpassing US$10 billion. His Suning rival Zhang Jindong also makes the Top Ten with a personal fortune of US$3.2 billion.
13 October 2008, Shanghai. The Hurun Research Institute today released the Hurun 2008 Richest Women in China List, one of fourteen industry rich lists from the 2008 Hurun Rich List series. This is the third annual Hurun Richest Women in China List ranking the fifty richest Chinese female entrepreneurs.
Yang Huiyan of Country Garden is number one for the second consecutive time but sees her fortune dwindle by 72% to US$4.9 billion.
The 27 year old’s fortune originates from her 59.5% share in property developer Country Garden, founded by father Yang Guoqiang, who transferred his shares to Yang on her graduation from university in the US. Country Garden was floated on the Hong Kong Stock Exchange in April 2007. Yang is looking to invest in energy after she cashed-out US$470.5 million.
15 October 2008, Shanghai. The Hurun Research Institute today released the Hurun 2008 Energy Rich List, one of fourteen industry rich lists from the 2008 Hurun Rich List series. This is the fourth annual Hurun Energy Rich List ranking the 50 richest Chinese entrepreneurs in the energy sector.
Peng Xiaofeng is number one for the second consecutive time, despite a 25% decrease in fortune, with US$4 billion. Peng’s company, LDK Solar, designs, develops, manufactures and distributes multicrystalline solar wafers.
Shi Zhengrong, after a 19% increase in fortune, is second with US$3.2 billion. Shi’s company, Suntech Power, designs and manufactures a number of solar energy solutions.
15 October 2008, Shanghai. The Hurun Research Institute today released the Hurun 2008 Property Rich List, one of fourteen industry rich lists from the 2008 Hurun Rich List series. This is the third annual Hurun Property Rich List ranking the 50 richest Chinese entrepreneurs from the property sector.
Yang Huiyan is top for the second consecutive time, despite her fortune plummeting 77% to US$4 billion.
The 27 year old’s fortune originates from her 59.5% share in property developer Country Garden, founded by father Yang Guoqiang, who transferred his shares to Yang on her graduation from university in the US. Country Garden was floated on the Hong Kong Stock Exchange in April 2007. Yang is looking to invest in energy after she cashed-out US$471 million.
15 October 2008, Shanghai. The Hurun Research Institute today released the Hurun 2008 IT Rich List, one of fourteen industry rich lists from the 2008 Hurun Rich List series. This is the sixth annual Hurun IT Rich List ranking the 50 richest Chinese entrepreneurs from the IT sector.
Li Yanhong is top for the second consecutive time, despite a fortune decrease of 21%, with US$1.9 billion. Li is the founder of Baidu, China’s leading search engine. In December 2007, Baidu was the first Chinese business to be listed on the NASDAQ-100.
In second place is Ma Huateng with US$1.8 billion after a 13% fortune increase. Ma’s company, Tencent, was founded in 1998 and in June 2004, Tencent went public on the main board of the Hong Kong Stock Exchange. Tencent’s main product is the instant messaging platform “QQ”.
9 October 2008, Shanghai. The Hurun Research Institute today released the Hurun 2008 Retail Rich List , the first in a series of sub-lists taken from the 2008 Hurun Rich List series. This is the fifth annual Hurun Retail Rich List ranking the 30 richest Chinese entrepreneurs from the retail sector.
Huang Guangyu is back at number one for the fourth time in five years with a fortune of US$3.6 billion.
Huang made his fortune with Gome, a household appliance retailer, and has since been expanding into Beijing property and private equity investments. Huang is also China's cash-richest individual, having cashed out US$1.9 billion to date by selling privately-held retail outlets to Gome's HK-listed vehicle, in which he still retains a 35% shareholding. Since dropping out from school aged sixteen, Huang has built Gome into China 's largest retailer by sales with 1400 outlets and sales last year surpassing US$10 billion.
14 October 2008, Shanghai. The Hurun Research Institute today released the Hurun 2008 Apparel Rich List, one of fourteen industry rich lists from the 2008 Hurun Rich List series. This is the fourth annual Hurun Finance Rich List ranking the 25 richest Chinese entrepreneurs from the finance sector.
Liu Yonghao is top once again, making this his second consecutive time in first place, despite a reduction in fortune of 57% to US$1.32 billion.
Liu Yonghao owns New Hope Group which is engaged in industrial operations and strategic investment. The massive decrease in his fortune has been due to the current economic turbulence and the resultant collapse of his China Minsheng Bank shares.
20 October 2008, Shanghai. The Hurun Research Institute today released the Hurun 2008 Steel Rich List, one of fourteen industry rich lists from the 2008 Hurun Rich List series. This is the third annual Hurun Steel Rich List ranking the 30 richest Chinese entrepreneurs from the steel sector.
Du Shuanghua leaps thirteen places to top with a wealth of US$5.1 billion – an increase of 862%. Du is Chairman of Rizhao Steel which was established in March 2003.
Zhang Zhixiang is this year’s number two, increasing his wealth 16% to US$1.97 billion. Zhang’s company, Jianlong Steel, is a manufacturer of steel ingots, pig iron, and various kinds of steel.
10 October 2008, Shanghai. The Hurun Research Institute today released the Hurun 2008 Pharmaceutical Rich List, one of fourteen industry rich lists from the 2008 Hurun Rich List series. This is the second annual Hurun Pharmaceutical Rich List ranking the 30 richest Chinese entrepreneurs from the pharmaceuticals sector.
Li Jinyuan of Tiens is number one for the second consecutive time with a fortune of US$2.4 billion. Tiens’s business is direct sales of health foods, health care, skincare and household products, significantly all of which are sold outside China. Since Tiens creation, Li and Tiens have donated US$200 million to public welfare and social charities.
Second place is filled by Xiu Laigui with US$1 billion. Established in 1999 his company, Xiuzheng Group, produces Western medicines, natural remedies and Traditional Chinese Medicine.
14 October 2008, Shanghai. The Hurun Research Institute today released the Hurun 2008 Cash-Out List, part of a number of sub-lists taken from the 2008 Hurun Rich List series. This is the second annual Hurun Cash-Out List ranking the 30 richest Chinese entrepreneurs in terms of sold share value or share dividends.
Huang Guangyu is again top of the list after selling out shares in GOME at a value of US$1.9 billion in September 2007 and early 2008.
Du Sha is number two after collecting US$880 million. Du is a self-proclaimed retiree after selling his business for US$1.2 billion he has paid back his debts of US$309 million. He is now “looking to go into private equity, play golf, take pictures and write books”.
17 October 2008, Shanghai. The Hurun Research Institute today released the Hurun 2008 Restaurant Rich List, one of fourteen industry rich lists from the 2008 Hurun Rich List series. This is the second annual Hurun Restaurant Rich List ranking the 13 richest Chinese entrepreneurs from the restaurant sector.
Pan Wei is top once again, despite a 42% fall in fortune, with a valuation of US$510 million. Pan’s business, Ajisen Ramen, is a Japanese noodle restaurant brand. In March the company was listed in Hong Kong. According to its stock price on 1 September, the company’s capacity is as much as US$853 million. Pan Wei holds 50.9% equity of the company. In first half of 2008, the company made revenue of US$98m.
This year’s runner-ups are Wei Dong and Yao Juan with US$320 million, after suffering a 61% decrease in wealth. Their company, Fu Ji Catering, was established in 1999 and in 2004 was listed in Hong Kong. They provide catering services, own a number of restaurants and convenience food brand.
10 October 2008, Shanghai. The Hurun Research Institute today released the Hurun 2008 Apparel Rich List, part of a number of sub-lists taken from the 2008 Hurun Rich List series. This is the second annual Hurun Apparel Rich List ranking the 30 richest Chinese entrepreneurs from the apparel sector.
15 October 2008, Shanghai. The Hurun Research Institute today released the Hurun 2008 Mining Rich List, one of fourteen industry rich lists from the 2008 Hurun Rich List series. This is the inaugural Hurun Mining Rich List ranking the 25 richest Chinese entrepreneurs from the mining sector.
Chen Fashu is the first number one for the Hurun Mining Rich List with a fortune of US$1.1 billion. Chen has a 92.69% share of Xinhuadu Industrial Group, which also has an 11.89% stock-share of Zijin Group.
In second place is Liu Canglong with US$1 billion. Liu’s company, Sichuan Hongda was founded in 1979. It engages in the smelting, mining, and processing of zinc and sulphide ores and products. Its products include zinc ingots, oxidized zinc ores, zinc sulphide mineral concentrate, lead sulphide, and monoammonium phosphates.
17 October 2008, Shanghai. The Hurun Research Institute today released the inaugural Hurun Manufacturing Rich List, one of fourteen industry rich lists from the 2008 Hurun Rich List series. The Hurun Manufacturing Rich List ranks the 50 richest Chinese entrepreneurs from the manufacturing sector.
Zhang Yin is top, despite losing 74% of her fortune, with US$2.6 billion. Zhang Yin owns Nine Dragons Paper, a paper recycling company, and is the second richest self-made woman in the world. Nine Dragons Paper was listed on the Hong Kong Stock Exchange in March 2006.
Second place is Liang Wen’gen of Sany Heavy Industry with US$1.8 billion. Sany, which produces construction equipment, was established in 1994 and listed on the Shanghai Stock Exchange in July 2003.
20 October 2008, Shanghai. The Hurun Research Institute today released the Hurun 2008 Venture Capitalist Rich List, one of fourteen industry rich lists from the 2008 Hurun Rich List series. This is the first annual Hurun Venture Capitalist Rich List ranking the 5 richest Chinese venture capitalists.
Shen Nanpeng, of Sequoia Capital, is top with US$510 million. In second place is He Boquan, of Invest Today, valued at US$440 million. Third place is taken up by Zhu Min, of Cybernaut, with US$290 million.
