Top Biz News

China ranks No 2 on Forbes billionaires list

Updated: 2010-03-11 15:01
Large Medium Small

A total of 64 people from the Chinese mainland made the Forbes magazine list of the world's richest billionaires, moving up to take second place for the first time.

The US led the list, released Wednesday, with 403 billionaires. The Chinese mainland was followed by Russia with 62 billionaires. Of the world's 97 new billionaires, 62 were from Asia.

Among the super-rich from the Chinese mainland, 27 made the list for the first time.

In addition, 25 people from Hong Kong made it into the billionaires club, while 18 Taiwan people entered the list. More than 10 percent of billionaires on the list came from the Greater China Area, namely the Chinese mainland, Hong Kong, Macau and Taiwan.

The total number of billionaires stood at 1,011. That's much higher than the 793 super-rich who made in onto the list last year, but lower than the record number of 1,125 in 2008.

Chinese entrepreneur Zong Qinghou, CEO of eastern Hangzhou's Wahaha Group, is the wealthiest person in the Chinese mainland, according to the list.

China ranks No 2 on Forbes billionaires list

Zong Qinghou, CEO of Wahaha Group. Rank: 103

The tycoon, with his $7 billion beverage empire, ranks 103rd in the 2010 world's richest list, while Mexico's Carlos Slim, the son of an immigrant shopkeeper and major stakeholder of the New York Times, claims the top throne with his $53.5 billion fortune.

Related readings:
China ranks No 2 on Forbes billionaires list Crisis? What crisis? Rich get even richer
China ranks No 2 on Forbes billionaires list BYD boss tops Forbes China rich list
China ranks No 2 on Forbes billionaires list Report: China's super-rich only second to US
China ranks No 2 on Forbes billionaires list Number of mainland multimillionaires hits 825,000

Slim was $500 million ahead of Bill Gates, the founder of Microsoft. Legendary investor Warren Buffet was third with $47 billion. 

According to Forbes' counting, the richest person in Hong Kong is Li Ka-sing with a fortune of $21 billion. The richest person in Taiwan is Terry Tai-Ming Gou, founder of one of the world's largest electronics manufacturing service company Hon Hai, with a fortune of $5.5 billion.

The world's richest woman, according to Forbes, was Wal-Mart heiress Christy Walton, whose $22.5-billion fortune put her in twelfth place. Only 89 women made it in to the billionaires club, and most inherited their wealth. Of the 14 self-made female billionaires, seven came from the mainland.

The 24th Forbes list included people from 55 countries and regions, with first entries from Finland and Pakistan.

Mainland's Top 10 Billionaires

Rank Name Age Net Worth ($bil)
103 Zong Qinghou 64 7
154 Liu Yongxing 62 5
176 Zhang Jindong 47 4.5
189 Wang Chuanfu 44 4.4
212 Hui Ka Yan 51 4
232 Wu Yajun & family 46 3.9
249 Liang Wengen 53 3.6
249 Ma Huateng 38 3.6
258 Robin Li 41 3.5
277 Chen Fashu 49 3.4
277 Yang Huiyan 28 3.4

   Previous Page 1 2 3 4 5 6 7 8 9 10 Next Page   >>|