This year, a total of 2,755 new billionaires entered the billionaire club.
Editor’s note: This article is from the micro-channel public number “Forbes” (ID: forbes_china), Author: Forbes China.
This year, a total of 2,755 new billionaires entered the billionaire club. As China’s economy picks up and the capital market is active, there are 626 new rich people from the Chinese mainland, and more than 40% of the new faces are from the Chinese mainland. The business of the richest on the list is also more diversified.
From the 2020 Global Rich List, we see that China is “narrowing the gap”, and the number of billionaires is second only to the United States. Last year, the Greater China region broke a record high with 492 billionaires on the list, but it still lags far behind the United States, which has 614 billionaires. At that time, our analysis article had a concluding sentence: “How will the future evolve? Although there are more billionaires in the United States and unicorn companies are valued higher, China’s figures in these two areas have grown rapidly, undoubtedly heading for the future. Catch up and laid the groundwork.”
In fact, it didn’t take long for China to close the gap. It is true that the United States still occupies the top spot this year. As the world’s largest economy, the United States has a total of 724 people on the list this year, a significant increase from 2020. In addition, the total wealth of American billionaires also tops the list. The top two wealthiest people in the world are Americans-Jeff Bezos ($177 billion) and Elon Musk ($151 billion).
However, from other perspectives, this year is the Year of the Ox in China. The number of billionaires in mainland China jumped to 626 in one fell swoop, and more than 40% of the new faces on this year’s list are from mainland China.
What is even more remarkable is that the Greater China region (Mainland, Hong Kong, Macao and Taiwan) surpassed the United States in terms of the number of rich people for the first time, reaching 745. The total wealth of the Greater China region exceeds one-fifth. As for the wealthy people born and raised in China and those whose main business is in China, their influence is greatly underestimated. Because this list is based on nationality statistics, Chinese people holding passports from other countries such as the United States and Canada are not included in the Greater China region.
What is the driving force behind the substantial growth of China’s wealth? During the COVID-19 pandemic, China’s economy has outperformed most countries in the world, and this trend is likely to continue this year, which will strongly boost capital market. China’s medical industry has provided the world with the kits and medical supplies needed to contain the epidemic. Among the newly recruited mainland Chinese billionaires, more than 10% come from the medical industry. Capital market reforms have made it easier to go public and have also contributed to China’s wealth growth. Hong Kong is still an important financial center: the current richest man in China and chairman of Nongfu Spring, Zhong Suisuan, after Nongfu Spring was listed in Hong Kong, topped the list of China’s richest people with a net worth of US$68.9 billion.
In the past year, China’s efforts to lead the world in the field of science and technology have also spawned many new wealth for mainland China. SinkThe emergence of venture capitalists such as Nanpeng and Zhang Lei reflects the growing global influence and insight of Chinese venture capitalists.
In many respects, the outlook for this year seems to be as promising as last year: economic competition between China and the United States will continue for a long time, and for a long time to come, China is expected to find a broad road to wealth.
Wang Ying US$5 billion • Fogcore Technology
Among the world’s self-made female billionaires, Wang Ying, 39, is among the youngest. She graduated from Columbia University Business School and is the CEO of Wuxin Technology. In 2017, when she persuaded her father to quit smoking, she suddenly had the inspiration to set up an e-cigarette company. Wang Ying told Forbes: “I have tried all e-cigarette products. Basically they are all bad.” In the first three quarters of 2020, Fogcore Technology’s sales reached 324 million US dollars, and it was listed on the New York Stock Exchange in January this year. Wang Ying owns 26% of the shares. At the end of March, relevant Chinese regulatory agencies issued a draft adding new regulations governing e-cigarettes with reference to cigarette management measures. The stock price of Fogcore Technology has fallen for three consecutive days, down 54% (Prior to this, “Forbes” has ended its statistics on billionaires List of wealth).
Chen Zhiping US$15.9 billion•Smore International
Chen Zhiping is the founder of Smol International, the world’s largest manufacturer of electronic cigarette equipment. In July last year, he led the company to go public on the Hong Kong Stock Exchange.
Li Hua US$7.1 billion•Futu Holdings
Li Hua was an early employee of Tencent. In 2007, he founded an online brokerage firm Futu Holdings. Futu Holdings has been listed on NASDAQ and currently has nearly 1.2 million users.
Wang Ning and his family US$6.3 billion•Bubble Mart
At the end of 2020, with the listing of “Blind Box First Share” Bubble Mart (09992.HK), the founder Wang Ning family successfully entered the Forbes billionaires queue with a fortune of 6.3 billion US dollars. By cooperating with artists, well-known IP providers and internal design teams, Pao Mart has attracted and maintained a number of high-quality IP resources in the trendy toy industry. Strong IP operation capabilities are critical to the successful commercialization of Pao Mart’s IP library. important. The founder and chairman of Bubble Mart Wang Ning and vice president Yang Tao are a couple. In 2010, Wang Ning, shortly after graduating from university, established Bubble Mart in Beijing. The first retail store opened in Beijing Omega Mall. After ten years of development, Bubble Mart has built a comprehensive operation platform covering the entire industry chain of trendy toys around four areas: artist mining, IP incubation operations, consumer reach, and trendy play culture promotion and cultivation. Wang Ning, 34, is currently losingResponsible for the company’s overall strategic planning and management. In 2009, Wang Ning received a bachelor’s degree in advertising from Sias International College, Zhengzhou University, China, and a master’s degree in business administration from Guanghua School of Management, Peking University, China in 2017. His wife, Ms. Yang Tao, joined Paomart in October 2010 after the completion of the master’s degree program. She is responsible for overseeing the company’s product development department and currently serves as the vice president. ——Elaine Mao
Wang Junlin US$6.3 billion Langjiu
Wang Junlin turned things around, revitalized the two state-owned companies, and entered the crumbling Langjiu in 2001. At present, the annual output of Langjiu is 40,000 tons.
Jian Jun US$5.6 billion•Aimeike
Benefiting from the “beautiful economy”, the domestic hyaluronic acid leader Aimec (300896.SZ) has been on the rise since its launch on the GEM in September 2020, reaching a maximum of 1,330 yuan per share and a market value of over 100 billion yuan. Many investments have been made. The author is called “Moutai of Women”, and also helped the company’s chairman Jian Jun to be on the Forbes Global Billionaires list for the first time this year with a fortune of US$5.6 billion.
Amic has successively launched four major categories of products for the repair of facial and neck fold skins: solutions, gels, thread-embedding and cosmetics. In 2020, the company’s net profit attributable to the parent company was 440 million yuan, a year-on-year increase of 44%. Among them, Hi-body, Bonita and Afley products contributed the main performance to the company.
In 1985, 22-year-old Jian Jun joined the China National Cereals, Oils and Foodstuffs Import and Export Corporation. In the early 1990s, affected by the tide of going abroad at that time, Jian Jun went out and worked in Bestrend Int’l Inc. in the United States and Abatecedora Textil S.A. in Panama. The overseas life experience made Jian Jun notice the injection beauty project. In 2004, Jian Jun returned to China to start a business and entered the field of medical beauty, becoming the first batch of entrepreneurs in this field in China.
Yang Meng and his family US$4.2 billion•Anker Innovation
Yang Meng is the founder and chairman of Anker Innovation (300886.SZ). He received a bachelor’s degree from the Department of Computer Science and Technology of Peking University in 2003 and a master’s degree from the University of Texas at Austin. After graduation, he worked as a senior algorithm engineer at Google. In 2011, he returned to China and founded Anker Innovation. A number of smart hardware brands such as Anker, eufy, Soundcore, etc. have been created. The products are sold in more than 100 countries and regions around the world and have more than 80 million loyal users.
Liu Fangyi US$4.2 billion • Intech Medical
Fangyi Liu, went to the United States to study in 1989 and studied in California, USAHe majored in electronic engineering at the university, and at the same time, started his own business in North America, engaged in the related business of disposable gloves. Fangyi Liu is the founder and chairman of Shandong Yingke Medical Technology Co., Ltd., dedicated to the research and development, production, and marketing of medical devices and consumables; he also serves as the chairman of Shandong Yingke Environmental Renewable Resources Co., Ltd., focusing on PS plastic recycling . Ingram Medical (300677) was successfully listed on the Growth Enterprise Market of the Shenzhen Stock Exchange on July 21, 2017.
Li Xiang US$4 Billion•Ideal Car
This year, 39-year-old Ideal once founded the automobile portal “Auto Home”, which is listed on the New York Stock Exchange. Later, Li Xiang founded Ideal Car and took the company to the Nasdaq listing in July last year.
Yinxin/Yang Yuanxi US$3.0,2.6 billion•Kaishou individual shareholder
In February of this year, Kuaishou Technology (1024.HK), the highly anticipated short video stock, landed on the Hong Kong Stock Exchange, becoming the largest IPO event in Hong Kong since Alibaba’s secondary listing. In addition to Kuaishou co-founder and CEO Su Hua and co-founder and chief product officer Cheng Yixiao, the other two individual shareholders Yin Xin and Yang Yuanxi have entered Forbes’ new billionaire with a fortune of US$3 billion and US$2.6 billion respectively. Millionaire queue. From establishment to listing, it took 10 years for Kuaishou to grow into a short video platform with a daily activity of more than 300 million. This year’s listing may be the best New Year gift that Kuaishou can give you. In the past year, Kuaishou has produced more than 13 billion videos, which has become a powerful testimony to the development of this society and the improvement of people’s sense of gain.
Chu Jian US$1.3 billion•Central Control Technology
Chu Jian, 58 years old, is a benchmark figure in China’s industrial automation field. He is the founder of Central Control Technology (688777.SH). At the beginning of the establishment of Supcon Technology, it was DCS (distributed control system) products, which are widely used in various industries in the process industry such as oil refining, petrochemical, chemical, nuclear power, thermal power, building materials, metallurgy, papermaking, etc. Industrial modern factories must rely on This “industrial brain” directs operations. Through the joint efforts of Chu Jian and his team, the first set of domestic thermal redundant DCS system was developed, which gradually occupied the leading position in the domestic industrial automation control field, and broke the situation that the domestic DCS system was monopolized by foreign brands at that time.
Wang Qiangxiang US$1 billion•Create lawn together
In 2004, Wang Qiangxiang and his brother Wang Qiangzhong started a business together and established Co-Creation Artificial Turf Co., Ltd. in Huaian, Jiangsu, and an operation center in Nanjing. Today, Co-Creation Lawn has become the largest supplier of artificial turf in China, with products covering more than 120 countries and regions, becomingFIFA (International Football Federation), World Rugby (World Rugby) and FIH (International Music Federation) are one of the preferred global artificial turf suppliers. According to the global artificial turf industry data released by AMI Consulting, according to the sales caliber, the global market share of co-created turf will reach 15% in 2019, ranking first in the world. On September 30, 2020, Co-Creation Lawn (605099.SH) raised 620 million yuan for the construction of its Vietnam Co-Creation Production Base project and officially listed on the Shanghai Stock Exchange. In the future, with the advancement and popularization of domestic community football, the performance of co-creating lawns may continue to grow. Wang Qiangxiang, 49, used to be a technician at the Wuxi Water Plant, and from 1996 to 2004, he served as the general manager of Huai’an Co-Creation Teaching Equipment Co., Ltd.