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CHINA’S RICH ARE GETTING POORER IN NEW HURUN RICH LIST
    Hurun Report    2012-09-24        Back

 

CHINA’S RICH ARE GETTING POORER IN NEW HURUN RICH LIST

NO. OF BILLIONAIRES DOWN AFTER 6 YEARS OF GROWTH

LEADING AUTHORITY ON CHINA’S WEALTHY RELEASES CHINA RICH LIST 2012

  • 67-year old Zong Qinghou is richest man in China for second time in three years with personal fortune of US$12.6bn.
  • Of the Top 1000 of the Hurun Rich List, 469 saw their wealth shrink, of which 37 shrunk by over 50%, mainly those from solar, textiles and retail sectors.  291 saw their wealth grow, 114 stayed the same and there were 150 new faces.
  • Cut-off to make list down 9% to US$290 million, but still triple the cut-off of five years ago.
  • The number of dollar billionaires is down 20 to 251 individuals this year, but still considerably up from six years ago when there were only 15.
  • Yang Lan (198th, US$1.1bn)and Pan Shiyi (32nd, US$3bn) are China’s most popular microbloggers from the Hurun Rich List 2012 with over ten million followers each.
  • Property loses top spot as source of wealth for first time since records began in 1999, when half the Rich List had property as their main source of wealth. Manufacturing takes over with 20.7% of the individuals on the Rich List. Individuals counting investments as one of their main industries have seen the sharpest rise to 8.6% of the list.
  • Wu Yajun (8th)is China’s richest woman and richest self-made woman in the world for the second year running with a personal fortune of US$6bn.
  • Vehicle maker and 18th Party Congress delegate Wei Jianjun (39th) was the fastest riser this past year, seeing his wealth shoot up from US$1bn to US$2.8bn on the back of a domestic listing of vehicle-maker Great Wall Motors.
  • The Rich List has engaged in record size deals this past year.  Jack Ma (55th, US$2.4bn)led a US$7.1bn buy back of 20% of Alibaba’s shares from Yahoo; Wang Jianlin bought US cinema chain for US$2.6bn; lastyear’s Number One Liang Wengenbought 90% of Putzmeister, a German machinery manufacturer for US$400 million; Mi Enhua of Hualing bought 90% of Basis Bank in Tbilisi, Georgia for US$100 million and is planning on investing a further US$450 million into the country; Yan Bin of Reignwood started development of a US$200 million luxury residential and private club in London.
  • 7 individuals on the Hurun Rich List 2012 are delegates to the 18th Party Congress, including Liang Wengen. 150 individuals were delegates to either the NPC or CCPCC, including 4 members of the NPC standing committee.
  • There were more individuals born in the year of the Rabbit than Pig and Ox combined.  Rabbits dominated with 12.8% of the Hurun Rich List 2012.
  • Hainan Clearwater Bay of Agile title sponsor of the Hurun Rich List 2012 for the 4th successive year

 

(24 September 2012, Shanghai) The Hurun Research Institute today released the Hurun Rich List 2012, an annual ranking of the 1000 richest individuals in China. The Hurun Rich List 2012 is sponsored by Hainan Clearwater Bay of Agile. Wealth calculations are a snapshot of 15 August 2012. This is the fourteenth year of the China Rich List, since Hurun Report founded it in 1999 and the fifth year it has covered 1000 individuals.

 

In a year when the Shanghai Stock Exchange fell 23%, 469 of the Hurun Top 1000 saw their wealth shrink, 291 saw their wealth grow, 114 stayed the same and there were 150 new faces and .37 individuals saw their wealth shrink by over 50%.

 

There were 251 dollar billionaires in China ranked this year, down 20 on last year, but still hugely up on as little as six years ago when there were only 15 billionaires.

 

The average wealth of the Hurun Top 1000 is down 9% to US$860 million, but still almost double that of 2008 when it was US$439 million.

 

Solar, textiles and retail have been the hardest hit this year. Entertainment, IT, natural gas and property developers sitting on large landbanks, have had a good year.

 

Rupert Hoogewerf, Hurun Report Chairman and Chief Researcher said, “Although this year has seen some significant wealth bloodletting, it is worth remembering that these entrepreneurs are still up 40% on two years ago and almost ten times ten years ago.”

 

 

Hurun Rich List2012 - The Top 10

 

 

Wealth

US$bn

Company

Source of Wealth

1 ↑

Zong Qinghou & family

12.6

Wahaha

Drinks

2 ↑

Wang Jianlin

10.3

Wanda

Property, cinemas

3 -

Li Yanhong

8.0

Baidu

Search engine

4 -

Yan Bin

7.9

Reignwood

Red Bull, property, investments

5 ↓

Liang Wengen

7.3

Sany

Heavy machinery

6 ↑

Liu Yongxing & family

7.1

East Hope

Aluminium, feed

7 ↑

Ma Huateng *

6.5

Tencent

IT

8 ↓

Wu Yajun & family

6.0

Longfor

Property

9 ↓

Xu Jiayin

5.5

Evergrande

Property, Soccer Team

10 ↑

Chen Lihua *

5.4

Fu Wah Int’l

Property

Source: Hurun Rich List 2012 sponsored by Hainan Clearwater Bay of Agile

↑ Rank increase yoy  ↓ Rank decrease yoy  - No Rank change yoy  * New to Top 10

 

 

The Top 10

 

‘Drinks King’ Zong Qinghou, 67, of the Wahaha Group has regained the top berth he held in 2010 and becomes only the third person in 14 years to retain the crown. Zong tops the Hurun Rich List 2012 with a personal fortune of US$12.6 billion, based on his 80% holding of soft drinks brand Wahaha, which last year reported net profits of over US$1bn.

 

58-year-old Wang Jianlin’s wealth jumped 44% to US$10.3 billion, bouncing Wang into second place. Earlier this year, Wang shook up the entertainment industry with the announcement of a US$2.6bn acquisition of US cinema chain AMC Entertainment, the largest international acquisition by someone from the Hurun Rich List to date. Wanda’s core business remains its property arm, particularly its shopping malls, which continue to spring up all over the country and last year turned over US$16bn.

 

Robin Li Yanhong,44, is in third place again with a net worth of US$8 billion, based on his 16% of Baidu. Google’s withdrawal from the Chinese market two years ago has allowed Baidu to cement its position as the number one choice for Chinese-language internet search services. Baidu has a market cap of over US$50bn.

 

Yan Bin, 57, of Reignwood, is fourth again with US$7.9 billion, and is the second member of the drinks industry to make the Top Five. Yan holds the Chinese rights for the Red Bull energy drink and has this year invested into a US$200 million property in London, which he is planning to turn into a hub for Chinese business people in Europe.

 

Last year’s Number One, Liang Wen'gen saw his share price drop, resulting in a fall to fifth place. Liang is one of only seven individuals on the Hurun Rich List that has been appointed as a delegate to the 18th Party Congress, the once in a decade leadership change. The Sany Group, in which Liang owns 58%, has contributed seven individuals to this year’s Top 1000, more than any other single company. This past year, Liang purchased a German machinery builder for US$400 million, in the largest Sino-German acquisition to date.

 

Liu Yongxing, the richest man in 2001, jumped two places to sixth this year with a total wealth of US$7.1 billion.

 

Pony Ma Huatengcomes in at seventh with a personal wealth of US$6.5bn. Tencent Holdings is the largest company by market share of anyone on this year’s Hurun Rich List, with a market cap of US$65bn.

 

Wu Yajun, 47, keeps the title of richest woman in China and the richest self-made woman in the world for the second year running. The property tycoon has built Longfor into one of China’s premier developers, placing her at 8th place with US$6 billion.

 

Xu Jiayinstays in the top ten this year but falls 4 places to 9th after suffering a dramatic drop in his share price. Xu has been spending heavily on his soccer team, which won the Chinese Super League this past season.

 

71-year-oldChen Lihua is the second self-made woman to make the top ten of the Hurun Rich List 2012. Chen’s US$5.4bn fortune derives from her prime commercial property in the heart of Beijing.

 

The average age of the Top Ten is 56 years, four years older than the average of the Top 1000.

 

 

Last Year’s Missing Top 10

 

He Xiangjian, 70, saw his fortune halve from US$6.3bn to US$3.3bn this year, pushing him down from ninth place to 25th. Midea Group’s share price was hit hard this past year, cumulating in He resigning as chairman in August this year.

 

Yang Huiyan, 31, saw the value of property developer Country Garden drop slightly, to ease her into 11th place with a personal fortune of US$5.2bn.

 

 

Political Appointments

 

Seven individuals on the Hurun Rich List are delegates to the 18th Party Congress, including Liang Wengen (5th, US$7.3bn), Zhou Haijiang (151st, US$1.3bn), Wei Jianjun (39th, US$2.8bn), Li Denghai (442nd, US$620m), Chen Xueli (764th, US$360m), the sister ofFeng Hailang (131st, US$1.4bn) Feng Yali andZhang Yubo (207th, US$1bn).

 

There are 76 (up from 74 last year) delegates to the NPC and 74 (up two from last year) delegates to the CCPCC. There are four member of the standing committee of the National People’s Congress on the Hurun Rich List 2012, namely Wang Jianlin (2nd, US$10.3bn), Lu Zhiqiang (10th, US$4.7bn), Wang Yusuo (40th, US$2.8bn) and Liu Hanyuan (64th, US$2.1bn).

 

The higher up the list, the more likely they are to have a senior political appointment.  6 of the Top 10, and 39% of the Top 50 are either delegates to the 18th Party Congress, the NPC or CPPCC.

 

 

Beijing is Home to 123 of theHurun Rich List

 

Beijing is the city with the most Hurun Rich Listers with 123 making the capital their homebase, up 12 on last year. Shanghai snatched back second place from Shenzhen as the second most popular city with 80 individuals.

 

By province, Guangdong continues to lead the way with 174 individuals, followed by Zhejiang on 141.  Interestingly, Inner Mongolia, famous for its coal miners, has overtaken HK for the first time, with 29 individuals based there compared with only 23 for Hong Kong. This year, for the first time, we had entrepreneurs from every region in China, including the first one based in Qinghai and four based in Tibet.

 

By birthplace, Zhejiang is head and shoulders above those born in Guangdong and Jiangsu.  157 individuals were born in Zhejiang, compared with 114 and 96 for Guangdong and Jiangsu respectively.

 

 

City

No. of indiv

1

Beijing

123

2

Shanghai

80

3

Shenzhen

74

4

Hangzhou

52

5

Guangzhou

39

6

Suzhou

29

7

Hong Kong

23

8

Chengdu

22

9

Nanjing

21

10

Ningbo

19

10

Wenzhou

19

12

Shaoxing

18

13

Ordos

17

13

Tianjin

17

15

Chongqing

15

15

Fushan

15

15

Dongguan

15

17

Changsha

13

18

Fuzhou

12

18

Xiamen

12

 

 

 

Property Usurped for First Time.

 

For the first time since the Hurun Rich List began in 1999, property has dropped into second place as the key source of wealth, behind manufacturing.

 

Individuals counting investments or media/entertainment as their main industries have been sharply on the rise, whilst individuals counting property, natural resources (especially mining), retail and new energy have declined in numbers.

 

 

Industry

2012  %

2011 %

Richest Person

Company

Wealth

US$ billion

1

Manufacturing

20.1%

19.1%

Liang Wen’gen

Sany

7.3

2

Property

19.8%

23.5%

Wang Jianlin

Wanda

10.3

3

Finance & Investment

8.5%

6.7%

Liu Yonghao and family

New Hope Group

4.4

4

Natural Resources

7.5%

8.9%

Yang Xuegang & Lu Xiaomei

Risun Group

2.4

5

Pharmaceuticals

5.8%

5.5%

Li Jinyuan

Tiens

4.4

6

IT

5.2%

5.1%

Robin Li

Baidu

8

7

Apparel

4.4%

4.2%

Zhou Chengjian & family

Metersbonwe

3.2

8

Retail

4.2%

5.8%

Zhang Jindong

Suning

1.8

9

Services

4.1%

3.3%

Yu Minhong

New Oriental

0.85

10

New Energy

3.8%

4.6%

Wang Yusuo & Zhao Baoju

ENN Group

2.8

11

Food & Beverages

3.3%

2.9%

Zong Qinghou

Wahaha

12.6

12

Iron & Steel

3.2%

3.4%

Shen Wenrong

Sha Steel

4.4

13

Construction

2.7%

2.4%

Zhu Xingliang

Gold Mantis

2.4

14

Agriculture

2.5%

2.0%

Liu Hanyuan & Guan Yamei

Tongwei

2.1

15

Media & Entertainment

2.3%

1.4%

Ma Huateng

Tencent

6.5

16

Transportation

2.2%

1.3%

Gao Yanming

North China Shipping

2.4

Source: The Hurun Research Institute 2012

 

 

Individuals on the Hurun Rich List with the Largest Social Media Followings

 

Yang Lan (198th, US$1.1bn)is the Queen of the Social Media, with more than 10 million fans on both of Sina and Tencent, China’s two largest microblog platforms. Others of note include property tycoon Pan Shiyi (32nd, US$3bn), film star Jet Li (982nd, US$300 million), gamer and investor Shi Yuzhu (36th, US$2.8bn) as well as education provider Yu Minhong (288th, US$850 million).

 

 

 

Sina Weibo ‘000 Fans

 

 

 

Tencent Weibo

‘000 Fans

1

Yang Lan

13,360

 

1

Yang Lan

10,800

2

Pan Shiyi

12,200

 

2

Jet Li Lianjie

9,700

3

Shi Yuzhu

6,450

 

3

Yu Minhong

5,890

4

Yang Zi

6,230

 

4

Chen Guangbiao

5,550

5

Xu Xiaoping

5,830

 

5

Lei Jun

5,330

6

Li Lianjie

4,700

 

6

Shi Yuzhu

4,810

7

Zhang Xin

4,310

 

7

Jiang Xipei

3,490

8

Zhou Hongwei

3,940

 

8

Liu Qiangdong

3,240

9

Wu Zheng

3,670

 

9

Li Guoqing

3,200

10

Lei Jun

3,430

 

10

Pan Shiyi

2,650

11

Jiang Nanchun

3,220

 

11

Jack Ma Yun

2,400

12

Chen Guangbiao

3,200

 

12

Ding Shuibo

2,200

13

Ji Qi

2,810

 

13

Neil Shen Nanpeng

1,810

14

Li Yifei

2,780

 

14

Yan Jiehe

1,630

15

Wang Changtian

2,771

 

15

Zong Qinghou

1,120

16

Wang Chaoyong

2,770

 

16

Li Yifei

810

Source: Sina and Tencent Weibo websites September 2012

 

 

Best of the Rest

 

469 individuals saw their wealth decline with 37 of them seeing it halve or more, many of them in solar.  Wu Jianlong (789th, US$350 million) saw his wealth decline 69%, solar tycoonZhu Gongshan (168th, US$1.2bn) and Ni Kailu and daughter Ni Na (829th, US$300 million)were both down 59%. Another solar tycoon,Shi Zhengrong (571st, US$470 million) saw the share price of Suntech collapse by 90% and today just makes the cut with US$450 million. Peng Xiaofeng of LDK Solar in 2007 was sixth on the list with US$6bn, but this year did not even make the cut as his stock plummeted by over 95%. 

 

Going International.The Rich List has engaged in record size deals this past year.  Wang Jianlinbought a US cinema chain for US$2.6bn; Last year’s Liang Wengenbought 90% of Putzmeister, a German machinery manufacturer for US$400 million; Mi Enhua of Hualing bought 90% of Basis Bank in Tbilisi, Georgia for US$100 million and is planning on investing a further US$450 million into the country; Yan Bin of Reignwood has begun development of a US$150 million luxury residential and private club in London.

 

Deals not yet done.  Jiang Zhaobo of Pengxin is still in process of trying to win approval from the New Zealand government to purchase a diary business for US$120m.  Huang Nubo of Zhongkun is still in the process of trying to win approval from the Icelandic government to purchase close to 300 square kilometers of Iceland for US$200 million.

 

Textiles have had a dreadful year.  Qiu Guanghe (58th, US$2.2bn) of Senmir, Li Ning (574th, US$0.47bn) and Zhou Chengjian (27th, US$3.7bn) of Metersbonwe have seen their wealth plummet by 59%, 45% and 36% respectively.

 

Others that dropped off the list include Li Guoqing of Dang Dang, agricultural magnate Guo Hao and Peak Sport’s Xu Jingnan.

 

Winners. 18th Party Congress delegate Wei Jianjun (39th, US$2.8bn) was the fastest riser this past year, with his wealth shooting up from US$1bn to US$2.8bn on the back of a domestic listing of vehicle-maker Great Wall Motors. This past year, Wei became the first Chinese car maker to start producing cars in the EU, with a plant in Bulgaria.

 

Jack Ma (55th, US$2.4bn) of Alibaba Group saw his wealth rise to US$2.4bn after successfully leading a buyback of 20% of Alibaba Group’s shares from Yahoo for US$7.1bn. Jack Ma also courted controversy earlier in the year when he personally took control of Alipay, an online payment business, from the Alibaba Group.

 

Of the 150 new faces,60 came from newly listed companies, led by Wang Wenxue (119th, US$1.6bn) of Fortune Land Development, Li Yinhui (165th, US$1.2bn) of Qinghai Huzhu Barley Wine and Wang Junmin (260th, US$0.95bn) of Haisco Pharmaceutical.

 

Interesting new faces include China’s largest lingerie business and answer to Victoria’s Secrets, the female entrepreneur Zhang Rongming (968th, US$320 million) of Aimer, who came in at US$320 million.  Others include the Noodle King Chen Keming (945th, US$320 million).

 

Title sponsor of Hurun Rich List.Agile Property, controlled 63.6% by Chen Zhuolin & family (24th, US$3.4bn), is title sponsor of theHurun Rich List for the fourth year running.

 

Some have been in disputes.  Zhang Changhong (359th, US$710 million) of Great Wisdom is embattled in a law suit with Bloomberg. Du Shuanghua (33rd, US$2.9bn) of Rizhao Steel is currently going through a high profile divorce case, which is expected to be the most expensive divorce in China to date.  Mining tycoon Zhou Furen (90th, US$1.7bn) has made the papers recently after an investment in North Korea turned sour.  Education tycoon Yu Minhong (298th, US$0.85bn) has seen his share price hit after allegations of improper control of New Oriental’s China operations. Zhang Jindong (21st, US$3.7bn) Liu Qiangdong (870th, US$320m) and Huang Guangyu (26th, US$3.3bn) have been waging a price war for the future of the household electronics retailing sector.

 

Some have had brushes with the law.  After losing the battle to retain the rights to manufacture popular drink Wang Laoji, Chen Hongdao (164th, US$1.3bn) has set up a new brand called Jiaduobao, and has recently been charged with bribery. Xu Ming (212th, US$1.03bn) of Shide has disappeared since being implicated in the Bo Xilai case, but still makes the list at US$1bn. At the end of last year, Zhang Keqiang (298th, US$840 million) of Poly Property Group was arrested on charge of bribery but still makes the list with US$840 million.

 

Some are in prison.  Huang Guangyu of GoMe, and Zhang Wenzhong of Wumart.

 

One person died.On 15 May, Wu Huitian of Malata died, and leaving his wealth to son Wu Kaiting (542nd, US$500million).

 

Some have resigned.  This past year, He Xiangjian (25th, US$3.3bn) of Midea, Zhu Yicai (43rd, US$2.5bn) of Yurun and Shi Zhengrong (571st, US$470 million) of Suntech have all resigned as chairman of the businesses they founded.

 

Some have delisted.  With stock market prices in the doldrums, it is a good time to think about delisting.  Chen Tianqiao (81st, US$1.9bn), the youngest self-made dollar billionaire on the Hurun Rich List 2012, delisted the Shanda holding company after being on the Nasdaq, whilst Jack Ma (55th, US$2.4bn) led the delisting of Alibaba from the HK stock exchange.

 

IT.  For IT, the big winner this year was Jiang Bin (30th, US$3.2bn) of GoerTek, a supplier of electronic components to Samsung, who has seen his share price surge.  Other winners were shareholders of Lenovo, including its CEO Yang Yuanqing (322nd, US$0.79bn) and investor Lu Zhiqiang (12th, US$4.7bn). The post Facebook IPO era has seen continued bloodletting in Renren’s share price, which fell over 50% this year, dropping Chen Yizhou’s (791st, US$350 million) wealth to US$350 million. 

 

Healthcare had some good performers, led by Liang Yunchao & family (1327th, US$1.4bn) of BY-Health, whose wealth doubled to US$1.4bn.  Another was Lin Baolin and family (68th, US$2.1bn) of Jointown, a pharmacy chain. The Lin family’s wealth surged 73% to US$2.1bn.  One pharma tycoon that had a second bad year was Li Li & family of Hepalink.  After going public in 2010, Li shot up from nowhere to second place with a personal fortune of US$6bn, but since then the share price has tanked by almost three quarters to take their wealth to US$2.2bn.

 

The industries with the youngest entrepreneurs are IT, entertainment and restaurants. Their average age is 48yrs, four years younger than the average of the whole list.

 

 

Chinese Star Signs

Rabbits continue to make the best entrepreneurs, dominating the Hurun Rich List almost every year since its inception.  This year rabbits outnumbered pigs and oxes combined, with 12.8% of the Hurun Rich List 2012.

 

 

 

%

Richestperson

1

Rabbit

12.8%

Liu Yonghao

2

Snake

10.4%

Chen Lihua

3

Dragon

9.6%

Wu Yajun

4

Tiger

9.0%

Xu Rongmao

5

Horse

8.6%

Wang Jianlin

6

Dog

8.4%

Xu Jiayin

7

Ram

8.0%

Tong Jingquan

8

Monkey

7.6%

Li Yanhong

9

Rooster

7.2%

Zong Qinghou

10

Rat

6.4%

Liu Yongxing

11

Pig

6.1%

Ma Huateng

12

Ox

6.0%

Lv Hui

Source: The Hurun Research Institute 2012

 

 

Number Ones Over the Years

Since 1999, ten individuals have taken the top spot.  This year’s number one Zong Qinghou is top for the second time. Rong Yiren and son Larry Rong together with Huang Guangyu have been Number One three times each.

 

Year

Name

Age

Wealth

US$bn

1999

Rong Yiren

83

1

2000

Rong Yiren

84

2

2001

Liu Yongxing, Liu Yonghao & brothers

53, 50

1

2002

Larry Rong Zhijian

60

0.85

2003

William Ding Lei

32

0.9

2004

Huang Guangyu

35

1

2005

Huang Guangyu

36

2

2006

Zhang Yin & family

49

3

2007

Yang Huiyan

25

18

2008

Huang Guangyu

39

6

2009

Wang Chuanfu

43

5

2010

Zong Qinghou

65

12

2011

Liang Wen’gen

55

11

2012

Zong Qinghou

67

12.6

Source: The Hurun Research Institute 2012

 

 

Methodology

The Hurun Rich Listis a snapshot of wealth on 15 August 2012. US$ figures are a conversion of the RMB figures as of 15 August 2012 and the exchange rate used for US$ was RMB 6.3.  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, but we believe the Hurun Rich List is the most serious attempt to identify China’s top entrepreneurs and to measure their holdings.  Our team of researchers has - for the fourteenth year running - traveled the length and breadth of the country cross-checking information with entrepreneurs, 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/Earning ratios.

 

 

Stats

Cut-offto make list in 2012 is down 9% at US$290 million, although still triple that of five years ago. The number of dollar billionaires may have been down slightly on last year with 260 individuals, but a far cry from six years ago when there were only 15.

 

Year

Cut-off US$m

No. of people on list

Top 50

Cut-off US$m

No. of US$ billionaires

1999

6

50

6

1

2000

42

50

42

2

2001

60

100

110

1

2002

84

100

145

0

2003

110

100

180

0

2004

150

100

230

3

2005

60

400

320

7

2006

100

500

525

15

2007

105

800

1,600

106

2008

100

1000

1,500

101

2009

150

1000

2,100

130

2010

150

1363

2,300

189

2011

320

1000

2,700

271

2012

290

1000

2,400

251

Source: The Hurun Research Institute 2012

 

Cut-off

 

 

2012 US$m

2011 US$m

2010 US$m

Top 10

5400

5710

5240

Top 100

1670

1750

1510

Top 200

1110

1190

1000

Top 500

560

590

440

Top 1000

290

320

240

Source: The Hurun Research Institute 2012

 

 

Size of Market

 

China today has 2.7 million dollar millionaires, 1.02 million individuals with personal wealth of 10 million Yuan or more (GBP 980,000/ EUR 1.2 million/ USD 1.5 million), and 63,500 individuals with personal wealth of 100 million Yuan or more (GBP 9.8 million/ EUR 12 million/ USD 15 million), according to the Hurun Wealth Report 2012 released in August 2012.

 

For more info, refer to www.hurun.net



Hurun Rich List 2012 – Top 100, sponsored by Hainan Clearwater Bay of Agile

For the full list of the Top 1000, please refer to www.hurun.net

 

Name

Wealth US$m

%

change

Company

Age

Industry

 
 

1

Zong Qinghou & family

12,600

18%

Wahaha

67

Drinks

 

2

Wang Jianlin

10,300

44%

Wanda

58

Property, Cinemas

 

3

Li Yanhong

8,000

-9%

Baidu

44

Search engine

 

4

Yan Bin

7,900

0%

Reignwood

58

Drinks, property, investments

 

5

Liang Wengen

7,300

-34%

Sany Group

56

Heavy machinery

 

6

Liu Yongxing & family

7,100

10%

East Hope

64

Aluminium, feed

 

7

Ma Huateng

6,500

21%

Tencent

41

IT

 

8

Wu Yajun & family

6,000

-10%

Longfor Properties

48

Property

 

9

Xu Jiayin

5,500

-24%

Evergrande Property

54

Property, soccer team

 

10

Chen Lihua

5,400

3%

Fu Wah International

71

Property

 

11

Yang Huiyan & family

5,200

-8%

Country Garden

31

Property

 

12

Lu Zhiqiang

4,700

0%

FanHai

60

Property, finance, investment

 

12

Xu Rongmao & family

4,700

20%

Shimao

62

Property

 

14

Shen Wenrong

4,400

-18%

Sha Steel

66

Steel

 

14

Liu Yonghao & family

4,400

-7%

New Hope

61

Agriculture, food, chemicals, property, financial

 

14

Li Jinyuan

4,400

27%

Tiens

54

Health products

 

17

Sun Guangxin

4,300

-10%

Guanghui

50

Property, LPG, car trading, coal

 

18

Lu Guanqiu & family

4,100

-13%

Wanxiang

66

Car parts, property, agriculture, non-ferrous metals, finance

 

19

Zhang Shiping & family

3,900

-17%

Weiqiao Pioneering

66

Textiles, aluminium

 

19

Ding Lei

3,900

14%

Netease

41

Web portal, online games

 

21

Zhang Jindong

3,700

-33%

Suning

49

Household appliance retail, property

 

22

Zhu Mengyi & family

3,500

-15%

Hopson / Pearl River Investment

53

Property

 

22

Tong Jinquan

3,500

-4%

Changfeng Property

57

Property

 

24

Chen Zhuolin & family

3,400

-19%

Agile Property

50

Property

 

25

He Xiangjian & family

3,300

-48%

Midea Group

70

Home appliances

 

25

Huang Guangyu & family

3,300

-36%

Pengrun Investment

43

Household appliance retail, property

 

27

Zhou Chengjian & family

3,200

-36%

Metersbonwe

47

Textiles

 

27

Chen Fashu

3,200

-21%

Xinhuadu Industrial Group

52

Retail, gold, tourism, wine

 

29

Zhang Yin & family

3,200

-29%

Nine Dragons Paper

55

Paper

 

29

Jiang Bin & family

3,200

54%

Goertek

46

IT

 

31

Huang Wei & Li Ping

3,000

-32%

XinHu Group

53

Property, finance

 

31

Pan Shiyi & Zhang Xin

3,000

-10%

SOHO China

49, 47

Property

 

33

Li Shuirong & family

2,900

-47%

RongSheng Holdings

56

Chemical fibres, property, coal, investment

 

33

Du Shuanghua

2,900

-31%

Rizhao Iron and Steel

47

Steel, investment

 

35

Rong Zhijian

2,800

-18%

Citic Pacific

70

Investments

 

35

Shi Yuzhu & family

2,800

-10%

Giant Investments

50

Online games, finance

 

35

Huang Shizai & family

2,800

6%

Great China International

61

Property, investment

 

35

Ye Lipei

2,800

6%

Super Ocean Group

68

Property

 

35

Wei Jianjun

2,800

186%

Great Wall Motor

48

Cars

 

40

Wang Yusuo & Zhao Baoju

2,800

3%

ENN Group

48, 47

Gas distribution, property, pharmaceuticals

 

40

Gong Hongjia & Chen Chunmei

2,800

17%

Hikvision Digital Technology

47, 47

Video surveillance products

 

42

Liang Qingde & family

2,700

0%

Galanz Group

75

Household appliances

 

43

Zhu Yicai & Wu Xueqin

2,500

-24%

Yurun Group

48

Food, property

 

44

Shi Wenbo

2,400

3%

HengAn Group

62

Sanitary napkins, diapers

 

44

Zhu Xingliang & family

2,400

29%

Gold Mantis

53

Construction

 

46

Shen Guojun

2,400

-27%

China Yintai

50

Retail, property

 

46

Gao Yanming

2,400

-21%

North China Shipping

55

Shipping

 

46

Huang Rulun

2,400

-12%

Century Resources Industry Group

61

Property, finance, mining

 

46

Zhu Linyao

2,400

-12%

Huabao International

42

Fragrances, flavouring

 

46

Xu Lianjie

2,400

3%

HengAn Group

59

Sanitary napkins and diapers

 

46

Song Zuowen & family

2,400

11%

Nanshan Group

65

Diversified

 

46

Yang Xuegang & Lu Xiaomei

2,400

15%

Risun Group

47

Coke, financial

 

46

Yang Keng

2,400

25%

Languan Group

50

Property, drink

 

46

Zhang Li & Zhang Liang

2,400

36%

Modern Group

59

Property, mining

 

46

Ma Yun & family

2,400

50%

Alibaba

48

E-market place, online auction

 

46

Wei Shaojun

2,400

50%

Longjitaihe

49

Property

 

57

Liu Canglong & Liu Hailong

2,300

-40%

Hongda Group

57

Metallurgical industry, chemicals, property, finance

 

58

Qiu Guanghe  & family

2,200

-59%

Semir Group

61

Textiles

 

58

Li Li & family

2,200

-33%

Hepalink

48

Pharmaceuticals

 

58

He Qiaonv & Tang Kai

2,200

8%

Orient Landscape

46, 42

Forestry

 

58

Zhang Zhidong

2,200

12%

Tencent

41

IT

 

58

Gao Dekang & family

2,200

17%

Bosideng Group

60

Textiles

 

58

Lin Dingqiang

2,200

\

Kamfei Group

\

Property

 

64

Liu Hanyuan & Guan Yamei

2,100

13%

Tongwei Group

48

Agriculture, new energy

 

64

Zhang Hongwei

2,100

13%

Orient Group

58

Finance, building materials distribution, ports, energy, mining

 

66

Zhang Zhixiang

2,100

-24%

Jianlong Steel

45

Steel, shipbuilding, electromechanical industry

 

66

Du Sha & family

2,100

8%

Homeworld Group

65

Private equity

 

66

Liu Baolin & Liu Shulin & Liu Zhaonian

2,100

73%

Jointown Group

59, 55

Pharmaceutical distribution

 

66

Xu Yu & Li Shanhu

2,100

\

Trendy International Group

\

Textiles

 

70

Guo Guangchang

2,000

-24%

Fosun

45

Investments

 

70

Huang Nubo

2,000

32%

Zhongkun Group

56

Property, tourism, vacation

 

70

Pan Zhengmin & Wu Chunyuan

2,000

39%

AAC Acoustic Technologies

43

Acoustics

 

73

Huang Maoru & Zhang Jing

1,900

-35%

Maoye Group

47

Property, retail

 

73

Lv Xiangyang

1,900

-33%

Guangzhou Youngy Management & Investment Group

50

Autos, mobile phones, batteries, mining

 

73

Huang Wenzai

1,900

-25%

Hongyu Group

59

Property, wood

 

73

Zhou Zerong

1,900

0%

Kingold Group

58

Property

 

73

Ma Xingtian & family

1,900

4%

Kangmei

43

Pharmaceuticals

 

73

Ni Zhaoxing & family

1,900

9%

Zhongrong Group

56

Property, oil

 

73

Cui Zhixiang

1,900

20%

Shandong Fangyuan Nonferrous Metals Group

49

Copper

 

73

Lv Hui & Chen Ningning

1,900

20%

Pioneer Metals Holdings

63, 41

Rare earth, steel

 

73

Chen Tianqiao & family

1,900

33%

Shanda

39

Online games

 

82

Zhang Zhirong & family

1,800

-55%

Hengsheng Holding, Rongsheng Heavy Industry

43

Property, shipping

 

82

Liu Zhongtian & family

1,800

-12%

Zhongwang Group

48

Extruded aluminium products

 

82

Lin Congyin & family

1,800

0%

Jiumuwang

52

Textiles

 

82

Zan Shengda

1,800

5%

Zongyi Group

49

New energy, IT, baijiu, investments

 

82

Li Shufu

1,800

83%

Geely Group

49

Automotive

 

87

Xiu Laigui

1,700

-21%

Xiuzheng Group

58

Pharmaceuticals

 

87

Xu Maogen

1,700

-21%

Zhejiang Yuandong Huaqian Group

58

Fiber

 

87

Huang Zelan & family

1,700

-8%

Zhangyuan Tungsten

57

Mining

 

87

Zhou Furen

1,700

-4%

Xiyang Group

61

Fertilizer, steel, fireproof materials

 

87

Liu Yiqian

1,700

0%

Sunline Group

49

Investment

 

87

Miao Shouliang

1,700

10%

Fuyuan Group

57

Property, utilities, polysilicon, education

 

87

Dou Zhenggang

1,700

38%

Jinjiang Group

59

Energy, non-ferrous metals, chemical

 

87

Fu Liquan & Chen Ailing

1,700

47%

Dahua Technology

45, 45

Software development, electronics and communications products

 

95

Zhu Zhiping

1,700

6%

Tongfang Unite

50

Property, new energy

 

96

Fang Wei

1,700

-30%

Liaoning Fangda Group

39

Carbon

 

96

Lin Xiucheng & Lin Zhiqiang

1,700

-16%

Sanan Group

61, 38

Steel, LED

 

96

Dai Zhikang

1,700

-5%

Zendai Group

48

Property, investments

 

96

Yuan Yafei

1,700

-5%

Hisap Group

48

IT chain, electronics manufacturing, property, investment

 

96

Ding Xinxin & Zhang Xingjuan

1,700

11%

Yasha Decoration

54,49

Building decoration

 

96

Ma Jianrong & family

1,700

31%

Shenzhou Group

47

Textile, clothing

 

Source: The Hurun Rich List 2012, sponsored by Hainan Clearwater Bay of Agile

*For the rest of the Hurun Rich List, refer to www.hurun.net

 

 

About Hainan Clearwater Bay of Agile

Developed by Agile Property Holdings Limited, Hainan Clearwater Bay is a large-scale project based in the South of Hainan Island, close to Sanya.

 

Covering an area of 15,000 mu, with over 10 million square meters of development and a total investment of RMB20 billion, Hainan Clearwater Bay of Agile is listed as a key construction projects of the "12th Five-Year Plan” of the Hainan government.

 

Hainan Clearwater Bay is developed by Agile Property Holdings Limited, a listed company in Hong Kong in collaboration with Morgan Stanley, and is well placed to become a world-class new coastal holiday resort. The project boasts high-end supporting facilities including 6 international five-star resort hotels (including Jumeirah, Raffles, Intercontinental, JW Marriott, Hilton Resorts and Outrigger) and 2 world-class marinas to be built along the 16-kilometer landscape avenue and 12-kilometer coastline. It will take the lead in implementing Hainan’s international tourism island development strategy and becoming a new image of the international tourism island by leveraging the scarcity of global natural resources, forward-looking integrated development planning, and world-class award-winning supporting high-end facilities.

 

At present, after approximately 5 years of development and construction, this holiday resort is maturing. A group of six development including Golfer’s Paradise (金色果岭), Côte d'Azur (蔚蓝海岸), Silver Sand (瀚海银滩), The Galaxy (星海传说), Azure Oasis (蔚蓝高尔夫) and River Park (碧海帆影) are completed. Among them, Golfer’s Paradise, Côte d'Azur and The Galaxy have been put into service. The lakeside Commercial Street of the Côte d'Azur has started to business in October 2009, can meet the requirements of property owners. The large comprehensive farmers market built by the domestic renowned commercial management company will be open in the first half of this year…

 

The slogan “It is Your Second Life” has struck a chord amongst China’s wealthy elite, attracting 8,000 of them to become owners. The ultimate dream for coastal living.

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