China: Richest Individuals, by net worth
Wealthiest people in ChinaWealth,
in billion USD
Zhong Shanshan (YST)69
Ma Huateng (Tencent)39
Zhang Yiming (ByteDance)37
Zeng Yuqun (CATL)35
Huang Zheng (Pinduoduo Online Shopping)31
Ding Lei (NetEase)27
He Xiangjian & family (Midea)27
Ma Yun & family (Alibaba)25
Qin Yinglin & Qian Ying (Muyuan)23
Li Shufu & family (Geely)22
Liu Yongxing (East Hope)22
Yan Hao (China Pacific Construction)22
Wang Wei (Shunfeng Express)21
Chen Jianhua & Fan Hongwei (Hengli)20
Lü Xiangyang & Zhang Changhong20
Wang Chuanfu (BYD)20
Wei Jianjun & Han Xuejuan (Great Wall Motor)19
Huang Shilin (CATL)18
Pang Kang (Haitian)18
Li Xiting (Mindray)17
Xu Hang (Mindray, Parkland)17
Zhang Zhidong (Tencent)17
  • Region: China
  • Time period: Jan 16, 2023
  • Published: Mar 2023

Data Analysis and Insights

Updated: Apr 12, 2024 | Published by: Statistico | About Us / Data / Analysis

Zhong Shanshan leads with a significant margin

Zhong Shanshan of YST holds the title of the wealthiest person in China, boasting a fortune of 69 billion USD, outpacing the second wealthiest, Ma Huateng of Tencent, by a 30 billion USD margin. This substantial lead underscores Zhong's dominant position in China's wealth landscape.

Tech industry prominence among the wealthiest

The tech industry significantly contributes to the wealth of China's richest, with 5 out of the 22 listed individuals, including Ma Huateng (Tencent), Zhang Yiming (ByteDance), and Ding Lei (NetEase), highlighting the sector's vital role in generating substantial personal fortunes.

Tight competition in the mid-range wealth bracket

A notable cluster of wealth is observed in the range of 20 to 27 billion USD, where 12 individuals are tightly grouped. This clustering indicates a highly competitive mid-range bracket among China's richest, with minimal differences in wealth separating the individuals.

Diversity in industries represented

The list showcases a diverse array of industries, from technology and automotive to renewable energy and consumer goods, demonstrating the varied paths to achieving significant wealth in China. Notably, individuals such as Zeng Yuqun (CATL) and Li Shufu (Geely) represent the breadth of sectors contributing to China's economic landscape.

Family representation among the wealthiest

Several entries include family collaborations in wealth accumulation, with He Xiangjian & family (Midea) and Li Shufu & family (Geely) , among others, illustrating the role of family dynasties in maintaining and growing their fortunes in China's competitive economic environment.

Close wealth figures among the top 22

The wealth figures of the listed individuals are relatively close, with a 52 billion USD gap between the wealthiest and those at the bottom of the list. This proximity in wealth levels underscores the competitive nature of wealth accumulation within the country.

Geographical implications of wealth distribution

Given the global influence of Chinese enterprises, the wealth distribution among these individuals likely has significant implications for investment patterns both within China and internationally. The strategic decisions made by these wealthy individuals and their companies can influence global market trends and investment flows.

Frequently Asked Questions

Who is the wealthiest person in China?

The wealthiest person in China is Zhong Shanshan of YST, boasting a fortune of 69 billion USD.

What industry has a significant presence among the wealthiest in China?

The tech industry significantly contributes to China's wealthy, with 5 out of the 22 richest individuals coming from this sector.

What is noticeable about the mid-range wealth bracket in China?

There's a significant clustering of wealth in the range of 20 to 27 billion USD, where 12 individuals are tightly grouped.

What role does family collaboration play among the wealthiest in China?

Family collaborations play a crucial role in wealth accumulation, with families such as He Xiangjian & family (Midea) and Li Shufu & family (Geely) among the list.

Terms and Definitions

Refers to persons who have amassed significant wealth, often ranking at the top of lists based on their net worth. Wealth may derive from various sources such as inheritance, entrepreneurship, investments in stocks and bonds, real estate and other business ventures.

This term refers to the total value of all assets owned by an individual minus any debts. This includes cash, investments, properties, and valuable goods. It is often used to compare financial status among individuals or to track wealth changes over time.

Net worth is calculated by subtracting a person's total debts from their total assets. Assets could include cash, investments, property, and anything else of value. Debts might be mortgages, loans, and other financial obligations.

A billionaire is an individual who has a net worth of a billion or more in their currency. This classification often involves the accumulation of assets throughout various sectors including business, real estate, and investments.

This is the process of designing, launching, and running a new business, which often starts as a small business, such as a startup company, offering a product, process, or service for sale or hire.

This term references all or part of a person's estate/assets that is given to an individual upon the person's death. An inheritance might include cash, investments, properties, and other valuables or assets.
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