Rearranged rich list
The 2008 Hurun China Rich Report was released, showing that new names from the emergent alternative energy sector are moving all the way up to the top of the list as China’s richest have generally lost their wealth this year.
Solar energy tycoon Peng Xiaofeng, with a personal wealth of 27 billion yuan, was No4. He was No6 on last year’s list.Shi Zhenrong, another solar energy developer from Jiangsu province, soared up to 8th from 25th last with a personal wealth of 21.5 billion yuan.Totally, there were 22 solar energy tycoons listed, compared with 9 last year.
The report says that their achievement proves China’s ability and potential in alternative energy exploitation.
On Monday, the list’s top 3 were revealed by the publishers. They respectively were 39-year-old appliance and property developer Huang Guangyu, steel tycoon Du Shuanghua and last year’s No 1 Yang Huiyan.
As the gloomy situation sustained in the stock and property markets, more than half the China’s richest suffered the wealth loss-by 22 percent from last year on average- while 20 percent made some small gains.
Despite, China still has 101 billionaires and listed 1,000 or more names with more than 700 million yuan personal wealth.
88 woman entrepreneurs were listed.0.7 percent more than last year.
The youngest billionaire was 20-year-old Wu Qun coming from Jiangsu province. He runs a medical firm with his father and now is worth 1.1 billion yuan.
The oldest was Yu Pengnian who is currently worth 2 billion yuan. He is a property and hotel tycoon.
Yu is also the most generous billionaire who has donated more than 300 million yuan for the healthcare and education sector until now.
Yao Ming, the NBA star, ranked 987th with a personal wealth of 700 million yuan. He earned $15 million from the 08-09 sports season besides advertising incomes.
Most billionaires spring up from Zhejiang, Guangdong and Jiangsu provinces, while most made their headquarters in Guangdong, Zhejiang, and Shanghai.
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