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Hurun China Rich List: 17 STAR Board companies among the wealthiest

By Sun Chi | chinadaily.com.cn | Updated: 2019-10-11 11:45
Chen Wenyuan, chairman of HYC Technology. [Photo/HYC Technology]

Twenty-two shareholders from 17 companies listed on the STAR Board feature on the latest Hurun China Rich List published on Thursday, with a total wealth of 136 billion yuan ($19.15 billion).

With a fortune of 22 billion yuan, the husband and wife team of Chen Wenyuan and Zhang Qian of HYC Technology took the top spot this year among shareholders on the STAR Board, followed by the father and son duo of Cao Ji and Cao Zheng of Hangke Technology, with a fortune of 18 billion yuan.

On this year's list, emerging industries are on the rise, especially those dealing with technologies.

"Tech entrepreneurs are replacing those from the traditional powerhouses of manufacturing and real estate," said Rupert Hoogewerf, chairman and chief researcher of Hurun Report.

Shareholders new on the list from unicorn companies and STAR Board accounted for nearly half of the total of 192 new entrepreneurs this year.

Rupert said: "The average wealth of China's Top 1,800 individuals reached $1.4 billion. The list is a snapshot of the private sector on the occasion of the 70th anniversary of the People's Republic of China. The stories of these people tell the story of the Chinese economy."

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