Breaking News

Fortune favors Chinese entrepreneurs

China has never had so many billionaires despite the pandemic rocking the global economy. And it is a water producer who holds the biggest fortune in the country.

China has never had so many billionaires despite the pandemic rocking the global economy. And it is a water producer who holds the biggest fortune in the country.

(AFP) – Despite unprecedented containment measures that plagued activity in early 2020, China saw the number of its dollar billionaires increase last year, according to the annual ranking of the firm Hurun. Thus, the Asian giant largely dominates the world ranking with now Super-rich 992 (including Hong Kong).

In numbers, the United States is second with 696 billionaires but the three biggest fortunes in the world remain American and French: 197 billion dollars for Elon musk (the fantastic boss of Tesla), in front of Jeff Bezos (Amazon) and Bernard Arnault (boss of the luxury group LVMH). Surprising as it may sound, India is the third country in the world with the most billionaires (177).

TikTok, it pays

The richest man in China is now the discreet boss of a bottled water giant. Her name : Zhong Shanshan. The man did not appear in the ranking of the world’s top 100 fortunes a year earlier. His wealth is estimated at 70.71 billion euros, after the listing of his company Nongfu Spring last year.

For the first time in the history of the Hurun Ranking, China’s biggest fortunes are no longer tied to real estate, a sector on which the country’s growth has long depended. The bosses of Tencent (internet, video games) and ByteDance (owner in particular of the short videos app TikTok) are respectively second and third.

Jack Ma, who has long held the top step of the podium of the richest personalities in China, falls to fourth place, with a fortune estimated at “only” 45.75 billion euros. Jack Ma’s loss of his crown coincides with his Alibaba group’s woes with Chinese regulators.


Tags

Related Articles

Back to top button
Close
Close