These are the 10 richest Chinese billionaires: ForbesBillionaires
ven as markets roiled around the world, China’s wealthiest experienced a bounceback year. A record 389 Chinese citizens made theWorld’s Billionaires List, up from 324 in 2019 and besting the previous record of 372 in 2018. Though the Middle Kingdom is still recovering from the effects of the coronavirus pandemic, its billionaires boast a collective net worth of $1.2 trillion — up from $982 billion a year ago — and have an average fortune of $3.1 billion, also up from $3.0 billion in 2019.
Overall, China’s wealthiest 10 people, a cohort that also includes TikTok creator Zhang Yiming and real estate tycoon Hui Ka Yan, have a combined fortune of $224 billion, down from $234.8 billion a year ago. The biggest loser is the country’s one-time richest person, Wang Jianlin, who has shed $8.6 billion in the past year as his real estate empire declined and his movie theater chains experienced a sharp downturn in the face of coronavirus.
China’s richest pig breeder, Qing Yinglin, is both the country’s and the list’s biggest gainer. His fortune skyrocketed $14.2 billion in the past year, as shares of his Shenzhen-listed Muyuan Foodstuff nearly tripled, fueled by higher pork prices driven by the African swine fever, which reduced China’s pig population. Qing’s wife, Qian Ying, who sits on the board of Muyuan, is a newcomer to the list, with a $1.4 billion fortune.
Other notable newcomers include Larry Xiangdong Chen, who joined the three-comma club after his Beijing based GSX Techedu, which provides online after-school tutoring for K-12 students, went public on the New York Stock Exchange in June 2019. Its stock has almost quadrupled since the IPO, thanks to China’s rising middle class and increased demand for virtual education during the coronavirus crisis.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Lindsay Lohan's 10 Essential Songs, Ranked
Read more »
10 things in tech you need to know today - Business InsiderApple has begun designing and producing face shields to protect health care workers during the coronavirus pandemic.
Read more »
From 'Contagion' to '28 Days Later:' 10 pandemic movies that are worth streaming right nowStay home and watch these relatable films.
Read more »
January Jones, 42, Shares the Skincare Products That Make Her Look 10 Years YoungerJanuary Jones, 42, Shares the Skincare Routine That Makes Her Look 10 Years Younger
Read more »
'Walking Dead' Boss Breaks Down the End of Season 10 (For Now)The Hollywood Reporter checks in with showrunner Angela Kang about the AMC zombie drama's delayed finale, and bringing one of the most challenging comic book characters to live-action life.
Read more »