Xu Jiayin, Evergrande Group
1184 saw their wealth increase, of which 348 are new faces, 2130 individuals, up 74 since last year, with a wealth cut-off of US$300 million, average wealth rose 12.5% to US$1.2 billion, with the Top 100 shooting up 60%.
Rupert Hoogewerf, Hurun Report Chairman and Chief Researcher, said, ?This year we found more than 2000 individuals with US$300m, double that of five years ago and four times that of ten years ago. The Hurun Research Institute released the Hurun Rich List 2017 in association with China-based training platform 36G.
Overall, though, the Hurun Rich List has grown faster than any year since 2007, with the possible exception of 2015.
Property tycoon Xu Jiayin, 59, of Evergrande, saw his wealth all but quadruple to US$43bn, to become the twelfth person to top the list since records began 19 years ago. Pony Ma, 46, of Tencent, rose 52% to US$37bn, surpassing Jack Ma, 53, of Alibaba to second place. ?The ?Big Two? are still from real estate and IT, however this year Xu Jiayin replaced Wang Jianlin, and Pony Ma replaced Jack Ma.? said Hoogewerf. Three new faces made the Top 10: real estate developer Yang Huiyan, 36, of Country Garden, ?Delivery King? Wang Wei of SF Express, and Li Shufu of Geely.
Alibaba and its affiliate Ant Financial have 43 shareholders on this year?s list. Rupert Hoogewerf said: ?China?s entrepreneurs have come a long way. Back in 1999, when I put out the first list, I managed to rank 50 people. Today we have almost ...