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Chinese billionaires on the rise |
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from BBC News
Entered into the database on Friday, November 04th, 2005 @ 14:58:20 MST |
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The number of Chinese billionaires has more than doubled in the past
year, according to a survey. Forbes Asia magazine's annual Chinese rich list found that there are now 10 US
dollar billionaires in China compared with three a year ago. China's economy has been expanding rapidly, boosting the personal wealth of
the country's leading entrepreneurs. Businessman Larry Rong Zhijian remains China's richest man, with an estimated
fortune of $1.64bn (£929m). The son of former Chinese vice premier Rong Yiren is chairman of Hong Kong-based
investment firm China International Trust and Investment Corporation. CHINA'S RICHEST Property boom The combined wealth of China's 100 richest people now exceeds $41bn, the survey
found, compared with $29bn a year ago. The construction boom of recent years has enriched a host of property developers
headed by Zhu Mengyi, China's second richest man with an estimated fortune of
$1.4bn. Other businessmen featuring in the list include William Ding Lei, founder of
US-listed business Netease.com, and Wong Kwong Yu, founder of electronics retailer
GoMe Appliances. "Brisk economic growth and a huge appetite among foreigners for Chinese
investments helped to propel the wealth of China's richest people in the past
12 months," Forbes Asia said. |
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