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 Read more…

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