IPO is a double-edged sword, and the stock market performance is directly related to the wealthy family.
The 2019 China Rich List was released, and some people are happy.
On November 7, Forbes China released the 2019 China Rich List, with a total of 400 richest people. The list rose to 7.07 billion yuan, up from last year’s 5.8 billion yuan, returning to 2017 level.
This year, Ma Yun won the top spot, and his net worth rose to 270.11 billion yuan from 238.74 billion yuan last year. Tencent CEO Ma Huateng and Evergrande Group Chairman Xu Jiayin followed closely with 254.55 billion yuan and 195.86 billion yuan respectively.
The top three positions are difficult to move, the order is not changed, and the performance of is much more eye-catching. The company’s CEO Huang Wei has risen five places and successfully advanced to the top ten, ranking seventh. Since last year, the share price of the company has increased by 91%, and Huang Wei’s personal wealth has increased by about 10 billion US dollars, from 77.63 billion yuan last year to 144.9 billion yuan this year.
Netease Ding Lei ranked eighth with 121.62 billion yuan, and byte hopping Zhang Yiming ranked 10th with 114.55 billion yuan.
In addition to the Top 10, there are two companies in the rookie list that have just been listed this year. The chairman of the three squirrels of the snack producer, Zhang Yiyuan, was listed on the list for about 11.17 billion yuan. The Deng Hui family, the chairman of the technology, made his debut with a total of 7.07 billion yuan.
But the IPO is a double-edged sword, and the stock market performance is directly related to the wealthy family.
Xiami was listed in Hong Kong on July 9, 2018. The listing was broken, and the stock price trend was soaring. So far, the stock price has fallen by more than 30%. Affected by this, Lei Jun’s net worth fell from 82.11 billion yuan in 2018 to the current 61.52 billion yuan. The personal wealth of the other three top executives Hong Feng, Huang Jiangji and Li Wanqiang fell off the list entry line.
Not just Xiaomi, among the star entrepreneurs, Li Bin’s days are not good. Just two months after the listing of Xiaomi, Li Bin and Weilai Automobile were listed on the New York Stock Exchange and became the first Internet car company in China to go to the US IPO. Since the beginning of this year, the stock price of Weilai Auto has been declining, and Li Bin’s wealth has plummeted.
Many survivors are just sailing against the water. More than half of the listers this year have achieved wealth growth in the past year, 13