Fortune magazine published 40 Under 40 list last month and Tang Yan (35 yeas old), who is founder and CEO of Momo getting listed on NASDAQ, ranking 24, is the only one from China.
china rich list
Half of the top 10 richest men in China on Forbes Rich List 2014 are internet entrepreneurs, on top of which is Alibaba’s co-founder and chairman Jack Ma.
Jack Ma of Alibaba, becomes the number one in Hurun Rich List 2014, with a fortune of US$25 billion, surpassing Wang Jianlin of Wanda in second place with US$24.2 billion.
Hurun released the richest Chinese women list this week. The list shows there are 50 Chinese richest women who each has assets worth over RMB 5 billion ($0.81 billion) and 70% of them are self-made and 30% inherited wealth from their families.
There are about 2.7 million HNWIs (High Net Worth Individuals) in China each of whose assets totals over $0.95 million. And, the number of ultra high net worth individuals (UHNWIs), each with personal assets worth over $15.8 million, reached 63,500.
The founder and chairman of Alibaba Group, Jack Ma (or Ma Yun), has a net worth of $21.8 billion, according to Bloomberg.
Fortune China released a list of Best 500 Chinese companies based on total revenue in 2013, among which JD (Jingdong) showed up on top of all Chinese internet companies with a total revenue of 69.34 billion yuan (USD 11.12 billion) in 2013, ranking 79th on Fortune China’s Best 500 2014 list. Sinopec, Petrochina and China State […]
Forbes China studies the revenues of China’s public listed companies for three consecutive years and came up with a “China’s Best CEO” list today. The average salary of Forbes’ this year’s best ceo is about RMB 1.89 million, less than a third of last year’s because some of the top paid CEOs such as Tencent’s […]
The Hurun Research Institute recently conducted an investigation about luxury consumption towards 551 rich men and women from 31 cities. Among the rich, 69 people were billionaires. The average age of multimillionaires and billionaires was 38 and 40 years old respectively. And the average money they spent yearly was 1.77 million yuan (USD 290,000), less […]
Tuhao has been a hot word all over the media, it represents rich Chinese who love to show off their wealth on internet while claiming to be poor. According to an article from Sydney Morning Herald, China’s vulgar rich: befriended but unloved, a crowdsourced translation call on China’s social media yielded “new money,” “slumdog millionaire,” the “riChinese” […]
Forbes published its China Rich List 2013 on October 16, Baidu CEO Robin Li ranked the third in China Rich List. Tencent’s CEO Pony Ma and Alibaba’s founder Jack Ma were all on the top 10 list. Forbes’ China Rich List collected 168 billionaires, much more than last year’s 113 billionaires. The total wealth of […]
Hurun Report, a monthly magazine best known for its China Rich List, released its China IT Rich List on September 23 2013. This is the 11th time that Hurun released the top 50 China IT Rich List. Pony Ma, Tencent’s CEO, surpassed Robin Li the first time in four years to be the richest man […]