Home » Business » Jack Ma is still the richest, the total wealth of the super rich Chinese is US $ 1.5 trillion

Jack Ma is still the richest, the total wealth of the super rich Chinese is US $ 1.5 trillion

ILLUSTRATION. Jack Ma, founder and executive chairman of Alibaba Group, is still the richest man in China.

Source: Channel News Asia | Editor: SS Kurniawan

KONTAN.CO.ID – BEIJING. The total wealth of China’s super-rich soared this year to US $ 1.5 trillion, a new record high, following business e-commerce and game developed rapidly during the coronavirus pandemic.

Launch Channel News AsiaAn additional 257 people have joined the billionaire US dollar club in the world’s number two economy after two years of membership shrank, according to the Hurun Report released Tuesday.

China now has a total of 878 yuan billionaires. The United States, meanwhile, had 626 people in the super-rich group at the start of the year, according to Hurun on a global list they launched last February.

The Hurun report also said that there were around 2,000 people with a net worth of more than 2 billion yuan (US $ 300 million) last August, bringing their combined net worth to US $ 4 trillion.

Also Read: Profile of Ye Guo Fu, the founder of MINISO, a steel factory worker who became a billionaire in China

Jack Ma, the founder of giants e-commerce Alibaba, once again topped the list after his fortune surged 45% to US $ 58.8 billion, as online shopping companies saw a boom in business during the pandemic.

The pandemic has kept people indoors for months during China’s tight lockdown to stem the spread of the coronavirus.

In the next position there is Pony Ma with a fortune of US $ 57.4 billion. Giant boss wealth game Tencent and WeChat are up 50%, despite concerns about the company’s US outlook.

The US government has threatened to block WeChat for reasons of national security.

Zhong Shanshan, known for his bottled water brand Nongfu, jumped to third place with a fortune of US $ 53.7 billion, after holding his Hong Kong IPO in September.

Also Read: Wow, the world’s billionaire wealth reached a record high of US $ 10.2 trillion

“The world has never seen this much wealth created in just one year,” said Head Researcher of the Hurun Report Rupert Hoogewerf in a statement. Channel News Asia.

“This year’s list shows China moving away from traditional sectors, such as manufacturing and real estate, towards a new economy,” he added.




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