The number of Chinese billionaires has increased by 257 in the last year, an average of five per week, and the total number has reached 878. This total is over the number of 788 billionaires in the United States, calculated by Wealth-X.

However, Wealth-X and other analytics companies use different methodologies for China and place the number of Chinese billionaires below that of the United States.

“The world has never seen such a great fortune in just one year. The performance of Chinese entrepreneurs far exceeded expectations. Despite Covid-19, their numbers have risen to record levels, “said Rupert Hoogewerf, president and chief researcher of Hurun Report.

The growth of stock exchanges, the numerous initial public offerings and the strong development of the technological sector have contributed to this positive evolution.

Jack Ma, co-founder and former executive chairman of Alibaba e-commerce group, is China’s richest man for the third year in a row, with a fortune of $ 59 billion. Its wealth rose by 45%, mainly due to the future public offering of the Ant technological financial services group.

Hurun China Rich List found that the wealth created this year is greater than the combined wealth of the past five years, suggesting that the structure of the economy has evolved, moving away from traditional sectors such as manufacturing and real estate, moving towards the economy. new type, ”Hoogewerf said.

As in the United States, in the first two months of the Covid-19 pandemic, there was a massive destruction of assets, followed by a V-turn for the stock markets, and then a massive digital boom, according to Hurun.

In second place in the top of the billionaires is Pony Ma, founder, president and CEO of technology conglomerate Tencent. Its assets increased by 50% to $ 57.4 billion, supported by Tencent’s strong gaming business and Wechat growth. In third place is Zhong Shanshan, president of YST, which manufactures bottled water.

Significant increases were made by the “king of food supplies”, Wang Xing, the owner of Meituan-Dianping, whose fortune quadrupled to $ 25 billion after gaining market share from Alibaba.

“Express delivery king” Wang Wei, who owns SF Express, has doubled his fortune to $ 35.3 billion, the report said.

Zhou Qunfei of Lens, a touch screen maker, has tripled her fortune to $ 17 billion, making her one of the three richest women in the world.

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