With 594 Richest People, China Has Outdone America In The Number Of Billionaires, 2016

With a personal fortune of $32.1 billion, property mogul Wang Jianlin, the chairman of Dalian Wanda Group, held off Alibaba’s high-profile Founder Jack Ma to retain the crown of China’s richest man, according to Shanghai-based luxury magazine publisher Hurun Report, 2016.

Wanda boss Wang Jianlin was followed by Alibaba’s Jack Ma, ranked the 2nd richest with a net worth of $30.6 billion and Ma Huateng also known as Pony Ma, head of the online gaming and communications giant Tencent, ranked the 3rd richest with a net worth of $24.6 billion.

The biggest riser this year was mysterious tycoon Yao Zhenhua, the 46-year old chairman of property and insurance conglomerate Baoneng, powered 200 places up the list to become China’s 4th richest person, with a net worth of $17.2 billion, the report said.

China now has more billionaires than America for the first time in history:

Despite economic slowdown in China, there are now 754 Chinese billionaires in the world, China has 594; Hong Kong, Taiwan, and Macao have 94; and there are 66 others in the world, mainly in Southeast Asia —- compared with 535 in America.

Around 24% of the rich list consist of women, a 3% increase from last year – with a net worth of $7.54 billion, Fuwah founder Chen Lihua is the 20th richest person in China. Most of China’s billionaires live in Beijing, followed by Shenzhen, Shanghai and Hangzhou.

2016 Chinese billionaires list: Top 20 Richest People in China

1. Wang Jianlin & family, net worth of $32.1 billion
Company: Wanda
Key Source of Wealth: Real estate, culture

2. Jack Ma & family, net worth of $30.6 billion
Company: Alibaba, Ant Financial
Key Source of Wealth: E-commerce, financial services

3. Pony Ma, net worth of $24.6 billion
Company: Tencent
Key Source of Wealth: IT, entertainment

4. Yao Zhenhua, net worth of $17.2 billion
Company: Baoneng
Key Source of Wealth: Investments, real estate

5. Zong Qinghou & family, net worth of $16.7 billion
Company: Wahaha
Key Source of Wealth: Drinks

6. Yan Hao & family, net worth of $14.9 billion
Company: China Pacific Construction
Key Source of Wealth: Roads

6. William Ding Lei, net worth of $14.9 billion
Company: Netease
Key Source of Wealth: IT, entertainment

8. Robin Li & Melissa Ma, net worth of $14.7 billion
Company: Baidu
Key Source of Wealth: Search engine

9. Lu Zhiqiang & family, net worth of $12.7 billion
Company: Oceanwide
Key Source of Wealth: Real estate, finance, investments

10. Zhang Jindong, net worth of $11.6 billion
Company: Suning
Key Source of Wealth: Retail, real estate

10. Yan Bin, net worth of $11.6 billion
Company: Reignwood
Key Source of Wealth: Red Bull, real estate, investments

10. Xu Jiayin, net worth of $11.6 billion
Company: Evergrande
Key Source of Wealth: Real estate, investments

10. He Xiangjian & He Jianfeng, net worth of $11.6 billion
Company: Midea
Key Source of Wealth: Home appliances

14. Lei Jun, net worth of $9.7 billion
Company: Xiaomi
Key Source of Wealth: Mobile phones, investments

14. Wang Wenyin & Liu Jiehong, net worth of $9.7 billion
Company: Amer
Key Source of Wealth: Cable and copper products

16. Zhang Shiping & family, net worth of $9.1 billion
Company: Weiqiao Pioneering
Key Source of Wealth: Textiles, aluminum

17. Zhang Zhidong, net worth of $8.4 billion
Company: Tencent
Key Source of Wealth: IT, entertainment

18. Lu Guanqiu & family, net worth of $8.2 billion
Company: Wanxiang
Key Source of Wealth: Car parts, real estate, agriculture

19. Shi Yuzhu & family, net worth of $8.1 billion
Company: Giant
Key Source of Wealth: Finance, online games, investments

20. Chen Lihua, net worth of $7.5 billion
Company: Fu Wah
Key Source of Wealth: Real estate, Red sandalwood Museum