The world's richest man Musk (infographic)
Source: Hurun Report
Although the wealth of Zhong, 68, of Nongfu Shanquan, has fallen by nearly 100 billion yuan, he is still the richest man in China with 455 billion yuan. Zhang Yiming, 39, of ByteDance, rose from fifth to second in China last year, but his wealth remained unchanged at 340 billion yuan. Zeng Yuqun, 54, rose from 11th to third in China last year, and his wealth increased by more than 100 billion yuan to 335 billion yuan.
Hurun Research Institute today released the "2022 Hurun Global Rich List" (JDYD LIQUOR · Hurun Global Rich List 2022）。 The deadline for calculating the wealth of the listed entrepreneurs is January 14, 2022. This is the eleventh consecutive year that the Hurun Research Institute has released the "Global Rich List".
This year, 3,381 billion-dollar entrepreneurs from 2,558 companies in 69 countries made the list.
The wealth of 2,070 people is higher than last year, and 490 of them are new faces. The wealth of 1279 people is less than last year, and 337 of them have fallen behind. The wealth of 369 people remained unchanged. The average age was 64 years.
Hurun, chairman and chief research officer of Hurun Report, said: "Although the epidemic is not over, coupled with the impact of the Russian-Ukrainian war, more than 300 people have fallen on the list this year, equivalent to one person a day, but with the development of the global digital economy, coupled with scientific and technological innovation, and inflation, there are still nearly 500 new people on the list, and the total number of billion-dollar entrepreneurs in the world has hit a record high, reaching nearly 3400 people." ”
"China now has more than 1,100 billion-dollar entrepreneurs, 60 percent more than the United States. Since China surpassed the United States for the first time in 2016, the number of billion-dollar entrepreneurs in the United States has increased by a third, while China has doubled. China has more than a billion-dollar entrepreneurs in the next three countries, the United States, India and the United Kingdom combined. ”
"The entrepreneurs with faster wealth growth this year are mainly from the new energy industry with the favorable 'double carbon' policy, such as Gao Tam Adani of India's Adani Group, Zeng Yuqun of the Ningde era, Luo Liguo of silicone company Hesheng, harold Hamm of continental resources company; the biotechnology industry, such as Ugur Sahin of German vaccine manufacturer BioNTech, Stephen Banser of American vaccine manufacturer Moderna, Xie Liangzhi of Shenzhou Cell; luxury goods industry, such as LVMH's Bernard S. Arnault, Hermès' Bertrand Piage, Chow Tai Fook's Cheng Ka-chun; the semiconductor industry, such as Nvidia's Jen-Hsun Huang, Rockchip's Limin, TSMC's Zhang Zhongmou; the software and services industry, such as Microsoft's Bill Gates and Steve Ballmer, SenseTime's Tang Xiaoou, Oracle's Larry Ellison; the shipping industry, such as Klaus Michael Kuhn of Dexun, and Haifeng's Yang Shaopeng. ”
"The entrepreneurs who have declined more in wealth this year are mainly from China's Internet industry, such as Huang Zheng of Pinduoduo, Ma Huateng of Tencent, Jack Ma of Alibaba, wang Xing of Meituan; the real estate industry, such as Xu Jiayin of Evergrande and Sun Hongbin of Sunac; the education industry, such as Zhang Bangxin of the good future, Chen Xiangdong who learned from whom; the generic drug industry, such as Sun Piaoyang of Hengrui; the e-cigarette industry, such as Wang Ying of Yueke and Chen Zhiping of Simar. There are also Russian entrepreneurs. ”
"A good entrepreneurial ecosystem especially needs exemplary enterprises and entrepreneurs, and the number of exemplary entrepreneurs in Shenzhen surpassed New York for the first time this year after surpassing Hong Kong last year. Now, the top three cities with the most exemplary entrepreneurs in the world are all in China: Beijing, Shanghai and Shenzhen, and the importance of this entrepreneurial ecosystem cannot be underestimated. ”
"The wealth concentration and economic influence of the entrepreneurs on the list are very high. There are nearly 3,400 billion-dollar entrepreneurs in the world, twice as many as ten years ago; 260 billion-dollar entrepreneurs, which is three times that of ten years ago; 10 hundred billion-dollar entrepreneurs, twice as many as last year, while five years ago there was none. At this rate of growth, I predict that by 2030, there will be more than 8,000 billion dollar entrepreneurs in the world, more than 600 billion dollar entrepreneurs, more than 50 hundred billion dollar entrepreneurs, and the first trillion dollar entrepreneurs. ”
"Chinese make up one-fifth of the world's population, but on this list, Chinese entrepreneurs make up 35 percent of the world. There are more than 60 Chinese entrepreneurs living outside of China, mainly in Southeast Asia, mainly singapore, and others in the United States. ”
"In addition to China and the United States, India has recently grown very fast, and the number of billion-dollar entrepreneurs added in India this year is twice that of the United States, and now the total is more than 200, which is nearly 4 times that of a decade ago, and faster than China's growth rate of less than 2 times that of the United States."
"Philanthropy is completely unable to keep up with the rate of wealth creation. We only saw five entrepreneurs on the list donate more than $1 billion in the most recent year, three of them from China: Meituan Wang Xing, Xiaomi Lei Jun and Anta Ding Shizhong, and two from the United States: Jeff Bezos's ex-wife Mackenzie Scott and the world's richest man Elon Musk. ”
"In the two months since the deadline of January 14 on this year's list, the global stock market has changed dramatically, with the Russo-Ukrainian war, the setback of Chinese stocks, the economic downturn, the Federal Reserve interest rate hikes, the repeated outbreak of the epidemic in China, etc., and the stock prices of many companies have fallen the most since the 2008 financial crisis, and the market values of Pinduoduo, Geely, Meituan, Great Wall Motor and Alibaba have evaporated by one-third to one-half."
"This year we found nearly 3,400 people with wealth of more than a billion dollars, and we think there are more than 5,000 individuals missed, mainly in Saudi Arabia and the Bay Area. There are also some industries, such as virtual currency, investment circles, etc., which also miss more people. ”
"The metacosm has been said a lot, but it has not yet seen a billion-dollar entrepreneur in the field."
"Our Global Rich List tells the story of the world economy through the stories of the world's most successful entrepreneurs." Hurun supplement.
The top ten of the "2022 Hurun Global Rich List"
There are two new faces in the top ten: Sergey Brin and Larry Page of Google's parent company Alphabet. Mark Zuckerberg and China's "bottled water king" Zhong Shuishui fell out of the top ten.
The total wealth of the top ten increased by 15% over last year to 8.4 trillion yuan, accounting for 9% of the total list. Seven were from the United States, 2 from France and one from India.
The threshold for entry into the top 10 doubles every five years, from $160 billion a decade ago to $290 billion five years ago, to $645 billion this year.
Elon Musk, 50, became the world's richest man for the second consecutive year, with a fortune of 1.29 trillion yuan, up 4 percent from last year. Musk has been a frequent headliner over the past year, most recently announcing that SpaceX's Starlink system has been launched in Ukraine and will provide uninterrupted satellite network support. Tesla's market capitalization exceeds 5 trillion yuan, exceeding the combined market capitalization of the next 10 automakers. Tesla's Berlin "Gigafactory" has been approved for production. SpaceX has become the largest unicorn in the United States, valued at $100 billion. Musk and his Canadian singer girlfriend announced their breakup after three years of dating, and the two will raise their two children together. In the 2021 Jiaxing Hurun Global 500, Tesla ranked eighth.
Jeff Bezos, 58, ranks second with a fortune of 1.19 trillion yuan. In the year since Bezos stepped down as CEO, Amazon has continued to expand into cloud computing and entertainment, acquiring MGM Pictures for $8.5 billion. Amazon Web Services accounted for 15% of Amazon's total revenue last year. Blue Origin, another major business of Bezos, made its first space trip last July and acquired a Colorado-based space robotic systems company. Last December, Bezos announced a $443 million donation to the climate group as part of his $10 billion pledge through his Earth Fund. In the 2021 Jiaxing Hurun Global 500, Amazon ranked third.
LVMH's "king of luxury goods", 73-year-old Bernard Arnault, ranked third with a wealth of 965 billion yuan, and his wealth increased by more than 200 billion yuan. The fashion and leather goods business, which accounts for more than 70 percent of LVMH's total revenue, grew 78 percent in fiscal 2021, driven by a strong recovery in the U.S. and Asian markets. Arnault increased LVMH's market capitalization by 46 percent, making it the most valuable company in Europe at $333 billion. In the 2021 Jiaxing Hurun Global 500, LVMH ranked 18th.
Bill Gates, 66, rose 13 percent to 780 billion yuan, fourth. His ex-wife, Melinda French Gates, made her debut on the Hurun Global Rich List this year, ranking 213th with a wealth of 70 billion yuan. Cascade Investments, which manages Bill Gates' personal wealth, invested 15 percent of its wealth in the tech sector last year. In the 2021 Jiaxing Hurun Global 500, Microsoft ranked second.
Warren Buffett, 91, of Berkshire Hathaway, added nearly $200 billion to 750 billion yuan, ranking fifth. Berkshire Hathaway's largest investment was in Apple inc. and Bank of America, totaling more than $90 billion. Last year, the company acquired Dominion Energy's natural gas assets for $10 billion. In the 2021 Jiaxing Hurun Global 500, Berkshire Hathaway ranked seventh.
Alphabet's 48-year-old Sergey Brin and Larry Page tied for sixth, and their fortunes grew by more than 200 billion yuan to 730 billion yuan, respectively. Alphabet is now worth $1.8 trillion, an increase of $800 billion since the COVID-19 outbreak. In the 2021 Jiaxing Hurun Global 500, Alphabet ranked fourth.
The 65-year-old Steve Ballmer's fortune increased by nearly $200 billion to $675 billion. Ballmer owns a 4% stake in Microsoft. Microsoft's market capitalization of $2.2 trillion once surpassed Apple to become the world's most valuable company. In January, Microsoft announced a $68.7 billion acquisition of World of Warcraft developer Activision Blizzard, the largest deal in the gaming industry to date. Earlier this month, Ballmer announced a $425 million donation to the University of Oregon.
Mukesh Ambani, 64, of India's Relais Company, has increased his fortune by more than 100 billion yuan to ninth place with 650 billion yuan, becoming the richest man in Asia. Last June, Relais announced an $8 billion plan to build four "gigabit plants" to produce solar modules, hydrogen and fuel cells. In the 2021 Jiaxing Hurun Global 500, Ruilaisi ranked 57th.
French luxury giant Hermès 86-year-old Bertrand Piage and his family's wealth increased by more than 100 billion yuan to 645 billion yuan, ranking tenth. Hermès benefited from improved sales in Europe, accelerated growth in the US and continued demand in Asia. In the 2021 Jiaxing Hurun Global 500, Hermès ranked 78th.
Place of residence
The number of billion-dollar entrepreneurs in China continues to outpace those in the United States, increasing by 75 to 1,133. The United States came in second place with 716 billion dollar entrepreneurs, an increase of 20. China and the United States are home to 55% of the world's billion-dollar entrepreneurs. India added 38 places, cementing its third-place position, while britain overtook Germany to fourth. Against the backdrop of the devaluation of the ruble and sanctions since the Russo-Ukrainian war, Russia fell one place to eighth place with 72 billion dollar entrepreneurs, a decrease of 13, the largest number of any country.
From a city perspective, as Shenzhen overtakes New York as third, the top three cities with the highest concentration of billion-dollar entrepreneurs in the world are all in China: Beijing, Shanghai and Shenzhen. In terms of growth rate, London is the fastest growing city in the world in the number of billion-dollar entrepreneurs, with an increase of 19 people, followed by Mumbai and New Delhi with 12 and 11 people respectively.
Guangzhou fell by 11 to 50, tied for 12th place with Paris. Guangzhou entrepreneurs who fell off the list include: Guo Ziwen of Aoyuan, Liao Rongyan of Sun City, Shen Ya of Vipshop and Huang Jinfeng of Perfect Diary.
Compare China, the United States and India
China's billion-dollar entrepreneurs have ranked first in the world, more than the next three countries combined.
The total wealth of the listed entrepreneurs living in China was 26 trillion yuan, down 10 percent from last year.
Led by Beijing, 5 cities in China have entered the top 10 cities with the largest number of billion-dollar entrepreneurs in the world, and 10 cities have entered the top 30 cities in the world. The average age is 59, 5 years younger than the average age in the entire list. China is the country with the largest number of self-made billion-dollar entrepreneurs in the world, and has 60% of the world's self-made female billion-dollar entrepreneurs. Seven non-Chinese billionaire entrepreneurs live in China, mostly in Hong Kong. Horst Julius Pudwill, 77, of I&T Industrial, whose power tools are the core business, is the richest non-Chinese living in China, and his wealth has increased by 41% from last year to 48 billion yuan.
The wealth of 619 people is up from last year, including 235 new faces. The wealth of 556 people decreased, of which 160 fell behind. The wealth of 118 people remained unchanged. Larger variations include:
The biggest gainer was luo Liguo, 66, of Ningbo-based silicone company Hesheng, and his family, whose wealth rose 272 percent to 100 billion yuan, making them one of China's top 50. With the rapid development of the new energy industry, Trina Solar's 57-year-old Gao Jifan and his family wealth rose 227% to 53.5 billion yuan, entering the top 100 in China.
Sports shoe maker Huali Industrial's 74-year-old Zhang Congyuan and his family became the richest of the new entrepreneurs with 90 billion yuan, followed by Sungrow 54-year-old Cao Renxian with a wealth of 58 billion yuan.
Zhao Changpeng, 45, who lives in Singapore, entered the world's top 100 with 145 billion yuan. Referring to the valuation of listed companies in the same industry, Binance has become one of the largest cryptocurrency exchanges in the world.
Xiang Guangda, 64, the world's "nickel king" Qingshan Holdings, ranked in the top 1,000 in the world with 26.5 billion yuan.
The fastest decline was Relx Yueke's 40-year-old Wang Ying, whose wealth fell 91 percent to 6.3 billion yuan, and her wealth once reached more than 70 billion yuan after the company went public. Others include Suning's Zhang Jindong (down 76% to 21 billion yuan), New Oriental's Yu Minhong (down 76% to 7 billion yuan), Sunac's Sun Hongbin (down 53% to 27 billion yuan), and so on.
Those who fell behind include Zhang Bangxin (who made a fortune of 100 billion yuan last year) and Chen Xiangdong , who learned from whom he learned (last year's wealth was 75 billion yuan).
Large-scale IPOs: In the past year, the number of Chinese companies listed on the IPO reached 669, and the initial offering raised more than 900 billion yuan, accounting for about one-third of the total global IPO fundraising. These include Kuaishou (market value of more than 200 billion yuan), China Three Gorges New Energy (market value of 200 billion yuan), JD Logistics (market value of 100 billion yuan), Didi (market value of 100 billion yuan).
China Top 20
The 68-year-old Zhong's wealth of 455 billion yuan is the richest man in China, the 15th in the world, down 8 places from last year. But wealth shrank by nearly 100 billion yuan from last year. In 2021, the performance of Nongfu Shanquan and Wantai Bio, two companies under Zhong Sui, increased significantly compared with the previous year, but due to the recent overall poor performance of the capital market, the market value has declined, and the total market value of the two listed companies is currently 550 billion yuan. In the 2021 Jiaxing Hurun Global 500, Nongfu Spring ranked 255th.
Zhang Yiming, 39, of ByteDance, jumped to second place in China and 23rd in the world with a wealth of 340 billion yuan, up three places from last year. ByteDance's global layout began in 2015, along with the core strategy of "technology going to sea", its products are today's headlines, watermelon video, vibrato, headline encyclopedia, Pippi shrimp, understand chedi, Wukong Q&A and so on. In March last year, ByteDance completed the wholly-owned acquisition of Mu Hitomi Technology, and Mu Hitomi Technology will continue to explore overseas markets. In May last year, Zhang Yiming announced that he would step down as CEO of ByteDance, and in November last year, co-founder Liang Rubo officially took over. ByteDance's revenue last year was about 365 billion yuan, an increase of 70% year-on-year. In the 2021 Jiaxing Hurun Global 500, ByteDance ranked 30th.
Zeng Yuqun, 54, ranks third in China and 24th in the world with a wealth of 335 billion yuan, up 19 places from last year. In the past year, under the favorable "double carbon" policy, CATL has become a benchmark enterprise for China's green economy. CATL is one of the most concerned listed companies in China's capital market in the past two years, and the only company with a market value of more than 1 trillion yuan in the current GEM listed enterprises. In the first three quarters of last year, CATL completed sales of 73.3 billion yuan and net profit exceeded 9 billion yuan, an increase of nearly 150% over the same period of the previous year. In the 2021 Jiaxing Hurun Global 500, CATL ranked 50th.
Ma Huateng, 51, ranks fourth in China and 28th in the world with a wealth of 330 billion yuan, down 14 places from last year. In the past year, Tencent's online gaming business has been hit, and the market value of investment in the e-commerce field has declined. Tencent's revenue in the third quarter of last year was 142.4 billion yuan, an increase of 13% year-on-year. Tencent's market value is 3.3 trillion yuan, down nearly 40% from the same period last year. At the end of December last year, Tencent announced that it would reduce its shareholding in JD.com from 17% to 2.3%. In January this year, Tencent announced that it would reduce its stake in Sea, a "Southeast Asian Small Tencent", worth 20.3 billion yuan. Tencent has a total of 6 people on the list this year. In the 2021 Jiaxing Hurun Global 500, Tencent ranked sixth.
The 58-year-old Ma Yun's wealth of 235 billion yuan ranked fifth in China and 34th in the world, down 9 places from last year. Jack Ma's wealth shrank by 125 billion yuan from last year, mainly because Alibaba's stock price has fallen by 55% in the past year, and its market value has evaporated by more than 2 trillion yuan. Last year, Alibaba received the biggest fine in China's antitrust history. The road to the listing of Ant Group in the process of rectification is still unclear. In the 2021 Jiaxing Hurun Global 500, Alibaba ranked ninth.
The 80-year-old He Xiangjian and his family wealth of 225 billion yuan ranked sixth in China and 35th in the world, down three places from last year. Midea's brands include Midea, Little Swan, Toshiba, Hualing and other brands. Midea Group's operating income in the first three quarters of last year was 261.3 billion yuan, an increase of 21% year-on-year. In the 2021 Jiaxing Hurun Global 500, Midea ranked 198th.
The 51-year-old Ding Lei Fortune 2050 ranks seventh in China and 37th in the world, up one place from last year. Wealth is 40 billion yuan less than last year. Last year, NetEase completed a net income of 87.6 billion yuan, and the net profit attributable to shareholders reached 19.8 billion yuan, an increase of more than 50% over the same period of the previous year, and the main source of revenue was still in the game industry. NetEase's market value reached 425 billion yuan. In the 2021 Jiaxing Hurun Global 500, NetEase ranked 194th.
Li Ka-shing, 94, and his family fortune of 205 billion yuan tied for seventh in China and 37th in the world, up six places from last year. At one point, the Li Ka-shing family reportedly controlled about 25% of the UK's electricity distribution market and gas supply, as well as a small part of the water supply market. Recently, it was reported that the Li Ka Shing family was in talks with an international consortium to sell their stake in UK power distribution company UK Power Networks for a potential consideration of up to £15 billion, which was jointly acquired by the Li Ka Shing family business for £5.8 billion in 2010.
The 52-year-old Wang Wei's wealth of 190 billion yuan ranks ninth in China and 44th in the world, down 15 places from last year. The fierce competition in the industry, coupled with the rapid development of electronic contracts and electronic invoices, SF's performance has been affected. In the first three quarters of last year, SF achieved operating income of 135.9 billion yuan, an increase of 24% year-on-year. In September last year, SF completed the acquisition of 51.5% of the shares of Kerry Logistics for 14.5 billion yuan, accelerating the improvement of its international business layout. In the 2021 Jiaxing Hurun Global 500, SF ranked 386th.
Qin Yinglin and Qian Ying, 57 and 56, ranked tenth in China and 46th in the world with a wealth of 175 billion yuan, down 13 places from last year. Affected by the continuous decline in pork prices, even Makihara, the industry's largest, has seen a decline in profits. According to the third quarterly report of last year, Makihara's main revenue was 56.3 billion yuan, up 44% year-on-year, and the net profit attributable to the mother was 8.7 billion yuan, down 58% year-on-year. In the 2021 Jiaxing Hurun Global 500, Makihara ranked 406th.
Place of residence - Top 20 cities in China
Wuxi and Zhengzhou are newly entering the top 20 cities in China. Tianjin fell out of the top 20.
The United States came in second place with 716 billion dollar entrepreneurs, an increase of 20. The financial services industry had the largest number of people, with 154, followed by software and services and media and entertainment, with 97 and 84, respectively. Together, they have $4.8 trillion in wealth, equivalent to 5 percent of world GDP and slightly higher than Germany. The cities with the largest numbers were New York (110), followed by San Francisco (62) and Los Angeles (27). California has the largest number of billion-dollar entrepreneurs, with 106 people, more than half of whom are in the San Francisco Bay Area. The United States has the largest number of billion-dollar entrepreneurs immigrating. The average age of a billion-dollar entrepreneur in the United States is 66 years old, two years higher than the average age of the entire list.
India cemented its third-place position with 215 billion-dollar entrepreneurs, up 38 from last year. Mukesh Ambani, 64, is India's richest man with a fortune of 650 billion yuan. The healthcare, consumer goods and chemical industries had the largest number of people, with 46, 29 and 23 respectively. Mumbai is India's billion-dollar entrepreneur capital with 72 people, followed by New Delhi with 51 people. The average age was 66 years. There are also 34 billion-dollar entrepreneurs of Indian descent living outside India, led by Lakshmi Mittal, who lives in London. Among India's entrepreneurs on the list, 180 are wealthier than last year, and 51 of them are new faces. 23 people lost their wealth and 11 people fell behind. The wealth of 12 people remained unchanged.
The UK rose one place to fourth, with a total of 150 billion dollar entrepreneurs, an increase of 16 places. Real estate and retail topped with 28th and 23rd. The combined wealth of a billion-dollar entrepreneurs in the UK is $551 billion. The UK is the second largest billion dollar entrepreneur immigrant country after the United States. London is the UK's billion-dollar entrepreneur capital with 101 people, followed by Manchester and Liverpool with 4 each. Of the UK's entrepreneurs on the list, 101 are wealthier than last year, with 22 of them being new faces. 32 people lost their wealth and 5 people fell behind. Bet365 bookmaker Denise Coates is the uk's richest female and largest individual taxpayer, paying $630 million in taxes, up 50% from the previous year.
Germany ranked fifth with 145 billionaire entrepreneurs, four more than last year. Retail ranked first with 22, followed by healthcare with 21 and food and beverage with 20. Their combined wealth is $627 billion. The average age was 66 years. Munich has the highest concentration of billionaire entrepreneurs in Germany, followed by Hamburg. Of the German entrepreneurs on the list, 99 are wealthier than last year, and 13 of them are new faces. 37 people lost their wealth and 7 people fell off the list.
Switzerland surpassed Russia in sixth place, with a total of 107 billion dollar entrepreneurs, an increase of 7 places. Geneva and Zurich are the cities with the highest concentration of billionaire entrepreneurs in Switzerland, with 19 and 18 respectively. The most favored industries are healthcare (24th), consumer goods (12th), followed by chemicals (9th). Klaus-Michael Kuhn of Global Transport and Logistics Company became Switzerland's new richest man with a fortune of 215 billion yuan. Total wealth was $461 billion, up 18 percent. Switzerland is the third largest country to emigrate billionaire entrepreneurs, with more than half (58) of billionaire entrepreneurs living in Switzerland born outside Switzerland.
France rose to seventh, with 73 billion dollar entrepreneurs, five more than last year. Their combined wealth was $639 billion, up 20 percent. The most favored industries are food and beverage and consumer goods, with 14 and 12 places respectively. Paris is the city with the highest concentration of billionaire entrepreneurs in France, with 50 people. The five richest entrepreneurs in France are all from the luxury industry, led by BERNARD Arnott of LVMH, followed by Bertrand Piez of Hermès, Françoise Bettencourt Mayer of L'Oréal, François Pinault of Kering and Alain Widmore of Chanel.
Russia dropped to eighth, with 72 billion dollar entrepreneurs, down 13, the most of all countries. Twenty Russian billionaire entrepreneurs live outside Russia, with the uk having the most, seven, followed by Switzerland with 5. Russia's billion-dollar entrepreneurs are self-made. The most popular industries are Metals & Mining and Energy, with 17th and 15th places respectively. Of these, 58 live in Moscow. Their total wealth was $320 billion, down 23 percent. Mining giant Interros, 61-year-old Vladimir Potanin, became Moscow's richest man with a fortune of 135 billion yuan. The richest entrepreneur of Russian descent is Alphabet 48-year-old Sergey Brin, who lives in California.
Brazil remained ninth with 54 billion dollar entrepreneurs, five fewer than last year. The total wealth of Brazil's billion-dollar entrepreneurs is $157 billion, down 5 percent from last year. The most favored sector is financial services (21th), followed by healthcare (7th). São Paulo has the highest concentration of billion-dollar entrepreneurs in Brazil, with 34. Brazil's richest man is Abbey InBev's Marcel Hermann Thales, with a fortune of 70 billion yuan.
Italy surpassed Thailand at the tenth place with 52 billion dollar entrepreneurs, seven more than last year. Their combined wealth is $188 billion. The most favored industry is consumer goods, with 24. Milan is the capital of italy's billion-dollar entrepreneurs.
Who's on the rise?
In terms of the amount of wealth growth, the biggest winner is Gortam Adani of Indian mining and energy giant Adani Group, whose wealth has increased by more than 300 billion yuan from last year, followed by Google co-founders Larry Page and Sergey Brin, and LVMH's Bernard Arnott, whose wealth has increased by more than 200 billion yuan from last year. Also entering the "top ten growth" are Zeng Yuqun in the Ningde era and Zhao Changpeng in Binance.
New additions to the top 100: 24 new to the top 100, led by Mike Cannon-Brookes and Scott Farquhar, 42, of Australian software development firm Atlassian. It also includes Huang Shilin, the second shareholder of the Ningde era, Wei Jianjun of Great Wall Motors, Wang Chuanfu of BYD, Liu Yongxing of Oriental Hope and Zong Qinghou of Wahaha.
The top new face on this year's list is Renata Kellnerova, who made a fortune of 100 billion yuan, inherited the largest insurance company in the Czech Republic from her late husband Petr Kellner, followed by Zhang Congyuan, 74, from Chinese sneaker manufacturer Huali Industries, and his family with a fortune of 90 billion yuan. Also in the top five of the new faces is Bill Gates' ex-wife, Melinda French Gates, who is rich at $70 billion.
In terms of wealth growth, the biggest increases were Nikolay Storonsky of British digital bank React (371%), Jorge Moll Filho (350%) of the recently listed Brazilian hospital chain Rede D'or and Cho Jeong-ho (310%) of Meritz Financial, a South Korean conglomerate.
The biggest winner
Top 10 New Top 100
Top 5 new faces
Who is falling?
Of the top ten entrepreneurs with the most declining wealth, 9 are from China, 58 are from China, 15 are from the United States and 8 are from Russia.
The biggest decline in wealth is Pinduoduo's Huang Zheng, which is more than 300 billion yuan less than last year, and last year, Huang Zheng was one of the fastest-growing entrepreneurs, growing by more than 300 billion. Haidilao's Daniel Zhang and Shu Ping have decreased by nearly 200 billion yuan compared with last year. Meta's Mark Zuckerberg is the only non-Chinese to enter the "top ten declines," nearly $200 billion less than last year. Evergrande's Xu Jiayin is 150 billion yuan less than last year.
Biggest loser
Industry distribution
In terms of numbers, the healthcare industry ranked second for the first time over real estate, while retail surpassed consumer goods in fourth place. Financial services remained the industry that generated the most billion-dollar entrepreneurs, accounting for 9.3 percent of the list.
In terms of total wealth, the retail, consumer goods and financial services sectors lead the way, accounting for more than a quarter of total wealth.
Comparison of billion-dollar entrepreneurs in China and the United States. In 2016, China surpassed the United States in a billion-dollar entrepreneurs. Since then, the number of billion-dollar entrepreneurs in the United States has grown by a third, while China has doubled, and there are now 60 percent more billion-dollar entrepreneurs in China than in the United States.
Charitable donations
Five of the listed entrepreneurs are known to have donated more than $1 billion in the most recent year, three of them from China and two from the United States, and led by Jeff Bezos's ex-wife, Mackenzie Scott, who donated $8.6 billion to charitable organizations with a focus on causes such as gender equality, racial justice and public health. Others include Elon Musk, who donated $5.7 billion worth of Tesla stock to a charity; Wang Xing of Meituan, who injected 12.5 billion yuan worth of shares into the Wang Xing Foundation, mainly to promote education and scientific research; Lei Jun donated 12.5 billion yuan worth of shares to the Xiaomi Charity Foundation and the Lei Jun Foundation; and Anta's Ding Shizhong family donated 7.6 billion yuan worth of shares to the Hemin Foundation; and Jeff Lee. Bezos announced a $443 million donation to climate groups as part of his $10 billion commitment through his Earth Fund; Microsoft's Steve Ballmer donated $425 million to the University of Oregon to start the Ballmer Institute for Children's Behavioral Health; and First Premier Bank's T Denny Sanford donated $350 million to Sanford Health Health Group for "virtual care centers."
Other interesting points
Oldest family: 107 family members have been in more than four generations. Juan Francisco Beckmann Vidal, a Mexican of the José Cuervo tequila brand, is the 11th generation; it is followed by four British real estate families: Howard De Walden Estate's 87-year-old Hazel Czerni and Portman Estate's 63-year-old Christopher Portman, both tenth-generation, Grosvenor 31-year-old Hugh Grosvenor is the eighth generation, and Cadogan Estates 84-year-old Charles Cadogan is the seventh generation.
Divorce/Breakup: Bill Gates and Melinda French divorced after nearly 30 years of marriage; Elon Musk and his Canadian singer girlfriend announced their breakup after three years of dating, and the two will jointly raise their two children; Kim Kardashian divorced American rapper "Kanye" Kanye West; John Paulson of American investment management company Paulson Company filed for divorce from his wife Jenny Paulson; and Zhu Xingming of Huichuan Technology divorced Zhong Jin.
Big expenses: Tilman Fertitta bought a yacht for $500 million; Mukesh Ambani bought the Mandarin Oriental Hotel in New York for $98 million; Citadel CEO Ken Griffin bought the first print of the U.S. Constitution for $43 million; Charles Johnson, an investment firm in Franklin Templeton, bought a mansion in Palm Beach for $22 million ;D Mart's Radhakishan Damani bought a residential property in the Malabar Hills in southern Mumbai for $130 million.
Tech IPOs: The market capitalization of tech companies listed in 2021 shrank by $175 billion. For example, Sytse Sijbrandij's Gitlab was marketed at $15 billion when it went public last October and is now $4.7 billion. Similarly, Armon Dadgar's flagship company, Hashicorp, was marketed at $14 billion when it went public last December and is now at a 40% discount.
2021 is also an inflection point in the creation of virtual currency wealth. Last April, cryptocurrency exchange Coinbase was listed on nasdaq with a market capitalization of up to $100 billion, placing Brian Armstrong and Frederick Ernest Ehrsam III among the Hurun Global Rich list. However, due to the volatility of virtual assets, Coinbase's current market cap is 60% of what it was at the time of listing.
Other IPOs include: Nubank, Latin America's largest digital bank, went public last December with a market capitalization of $45 billion, and its founders, David Velez and Cristina Junqueira, made their debut on the Hurun Global Rich List.
American Internet brokerage Robinhood is listed with a market capitalization of $32 billion, and its co-founders Baiju Bhatt and Vladimir Tenev are on the Hurun Global Rich List for the first time. Denis Sverdlov's British electric bus manufacturing company, Arrival, is listed on the NASDAQ with a market capitalization of $13 billion. Daniel Dines led the launch of the robotic automation software company UiPath, which is worth $36 billion.
Aurora Innovation, a U.S.-based self-driving company, went public with a market capitalization of $14 billion, and its founder, Chris Urmson, made its debut on the Hurun Global Rich List. Whitney Wolfe Herd's dating app Bumble went public with a market capitalization of $8.2 billion.
Overall, it was a year of active IPO performance, with 77 new public companies creating a total of 94 billion-dollar entrepreneurs in 2021.
Mergers and Acquisitions
Over the past year, mergers and acquisitions have been very active among the listed entrepreneurs, with Microsoft, heading for Steve Ballmer's main source of wealth, acquiring World of Warcraft developer Activision Blizzard, AI and speech recognition company Nuance Communications for more than $90 billion.
Compared with last year, the total number of corporate or individual M&A transactions on The Hurun Global Rich List has more than doubled.
Larry Ellison: Oracle announced a $28 billion acquisition of Cerner, a U.S. electronic medical records company.
Edward Rogers III: Canadian communications company Rogers Communications acquired communications company Shaw Communications for $20 billion.
Jack Dorsey: Digital payments platform Square bought Australian buy-and-pay company Afterpay for $29 billion.
Scott Cook: Intuit, an American financial software company, acquired mailchimp, an email marketing company, for $12 billion.
Nestlé announced the sale of its $10 billion stake in L'Oréal, a French cosmetics maker, Françoise Bettencour Mayer.
Jeff Bezos: Amazon bought MGM Pictures for $8.5 billion.
Zhang Yiming: In March last year, ByteDance completed its wholly-owned acquisition of Mu Hitomi Technology.
Irwin Jacobs: Qualcomm bought Swedish automotive technology company Veoneer for $4.5 billion.
Byju Raveendran: Indian edtech company Think & Learn spent more than $2.7 billion on acquisitions last year.
Stryker Family: U.S. medical device company Stryker acquired digital healthcare platform Vocala Communications for $3.1 billion
David Dufield: Human resource management software services company Workday acquires VNDLY, an external employee management company, for $510 million.
Tony Xu, Andy Fang and Stanley Tang: U.S. food delivery platform DoorDash has announced that it will acquire Finnish food delivery platform Wolt for $8.1 billion.
Wang Wei: In September last year, SF Holdings completed the acquisition of a 5% stake in Kerry Logistics for 14.5 billion yuan.
pass away
In the past year, 39 billion-dollar entrepreneurs have passed away. Three of them are in their 50s: Sao Hui of The Shell (50), Kim Jong-joo of South Korean game company Nexon (53), and Czech entrepreneur Petr Kellner (57), who was killed in a helicopter crash in Alaska. The average age of death was 79 years. They passed $61 billion to 15 family members.
A billion-dollar entrepreneur who died in the past year
Billion-dollar entrepreneurs on all continents
Both in terms of numerical growth and total wealth, Asia has distanced itself from North America and Europe.
Asia, which accounts for 57% of the world's population, has 66% new faces, 52% of billion-dollar entrepreneurs and 42% of total wealth.
Stock markets and currencies
In the year ending January 14, 2022 (the deadline for this year's list), the stock market performed better overall. In the U.S., the S&P 500 rose 24 percent, the New York Stock Exchange Composite rose 16 percent, and the Nasdaq rose 15 percent. India's SENSEX index rose 25%, Europe's Euronext 100 rose 21%, Germany's DAX index rose 13%, britain's FTSE 100 rose 13%, and Russia rose 6%. Hong Kong's Hang Seng Index fell 15 percent, making it one of the worst performing indices.
As of January 14, 2022, the U.S. dollar is stronger against most major currencies except the renminbi. The yen fell 10.1 percent, the euro fell 7.3 percent, and the pound remained unchanged. Most Latin American currencies depreciated against the U.S. dollar, mainly the Argentine peso (-21%), the Colombian peso (-17%), the Chilean peso (-13%) and the Brazilian real (-5%). The renminbi appreciated 3 percent against the dollar.
However, from January 14 to March 14, the stock market fell sharply, with Russia performing the worst, down 32%, while Hong Kong's Hang Seng index fell a further 16%, Germany's DAX fell 16%, the NASDAQ and Shenzhen component indexes both fell 12%, the Mumbai Stock Exchange fell 9%, the New York Stock Exchange fell 7%, and the London and Shanghai Composite indexes fell 6%. During this period, the Russian ruble plunged 53% against the dollar.
Statistics
Except for 2019, the number of billion-dollar entrepreneurs has set a new record in each of the past 10 years. The number of billion-dollar entrepreneurs is now more than twice as many as it was a decade ago.
The "Nine Zero Clubs," which have a fortune of $10 billion or more, have grown from 83 10 years ago to 260 this year.
Statistics - threshold
The threshold for entering the top ten has grown the fastest, rising by 28% compared to last year.
Compare the top 10 from 5 years ago and 10 years ago
The threshold for entering the top ten doubles every five years. Of the top ten a decade ago, only 3 are still in the top 10 today: Bill Gates, Warren Buffett and Bernard Arnold.
Wealth Creation Index: The Hurun Research Institute adopts the form of scoring to divide the level of entrepreneurs' wealth inheritance or self-made. From Level 1 to Level 5, Level 1 means that the family wealth is completely inherited and does not actively participate in itself, and Level 5 means that it started from scratch without the help of parents. Hurun said: "Many entrepreneurs like to say that they are self-made, but in fact they have obtained a large amount of wealth from their parents. ”
Of the entrepreneurs on this year's list, 72 percent are self-made and 28 percent are wealth inherited. When it comes to self-made billion-dollar entrepreneurs, China is the engine of the world. Five years ago, the percentage of self-made workers was 69 percent.