Zhong Zheng continued to be the richest man, Huang Zheng's worth soared by 160 billion, and Ma Yun failed to enter the top ten

Radar Finance and Economics Text|Li Qian Editor|Deep Sea

On March 25, the Hurun Research Institute released the "2024 Hurun Global Rich List", and the deadline for wealth calculation is January 15, 2024. A total of 3,279 billion-dollar entrepreneurs from 2,435 companies in 73 countries made the list, up from 3,112 last year. The number of billion-dollar entrepreneurs increased by 5% and total wealth increased by 9%. China has 814 billion-dollar entrepreneurs, the world's largest.

Musk became the richest man in the world, the third time in four years that he has become the richest man in the world, with a fortune of 1.67 trillion yuan, an increase of 530 billion yuan from last year, mainly due to the soaring share price of Tesla.

Among China's entrepreneurs, Beijing, Shanghai and Shenzhen are the "top three" cities where China's billion-dollar entrepreneurs live. The average age is 60 years old, which is 6 years younger than the average age of the whole list. China has the world's largest number of self-made billion-dollar entrepreneurs, as well as the world's largest number of self-made female billion-dollar entrepreneurs.

The total wealth of China's billion-dollar entrepreneurs is nearly 19 trillion yuan, down 15 percent from last year. The wealth of 241 has increased from last year, and 55 of them are new faces. The number of new faces is the third highest in the world. The wealth of 702 decreased compared to last year, and 208 of them fell off the list. The wealth of the 80th remains the same. There were 27 100 billion-level entrepreneurs, 9 fewer than last year.

The 70-year-old Zhong's wealth shrank 9% from last year, becoming China's richest man for the fourth time in a row with 450 billion yuan. It ranked 21st in the world, down 6 places. Nongfu Spring, a Hong Kong-listed company, performed well in the first half of last year, with sales revenue and profit rising 14% and 16% year-on-year. Its performance of another A-share listed company, Wantai Biotech, has declined in the past year, with its share price falling by nearly 30% year-on-year, and the company's market value has shrunk by 35 billion yuan compared with the same period last year. Nongfu Spring is ranked 211th in the "2023 Hurun Global 500".

The 44-year-old Huang Zheng's wealth increased by 71% over last year, or 160 billion yuan, and he is the entrepreneur with the largest increase in wealth in China this year, and was promoted to second place in China for the first time with 385 billion yuan, up three places. It ranks 24th in the world, up 15 places. Pinduoduo's third quarter report last year showed that total revenue increased by more than 90% year-on-year, far exceeding market expectations. In addition, the overseas business Temu and Kuaituan Tuan business are developing well. In November last year, Pinduoduo's market value once surpassed Alibaba's. Pinduoduo ranks 63rd in the 2023 Hurun Global 500.

The 53-year-old Ma Huateng's wealth fell 10 percent from last year, ranking third in China with 250 billion yuan. It ranks 36th in the world, down 5 places. In the third quarter of last year, Tencent's revenue was more than 150 billion yuan, a year-on-year increase of 10%, and its net profit was more than 36 billion yuan, a decrease of 9%. Among them, the revenue of games in the international market was more than 13 billion yuan, an increase of 14 percent, the revenue of local games was more than 32 billion yuan, an increase of 5 percent, and the revenue of social networks was nearly 30 billion yuan, which remained stable. In the "2023 Hurun Global 500", Tencent ranked 17th.

The 41-year-old Zhang Yiming's fortune fell 8% to rank fourth in China with 245 billion yuan. It ranked 40th in the world, down 6 places. According to reports, ByteDance's revenue last year was nearly 800 billion yuan, a year-on-year increase of three percent. In the "2023 Hurun Global 500", ByteDance ranked 43rd.

The 53-year-old Ding Lei's wealth increased by 7%, ranking fifth in China with 210 billion yuan. It ranked 43rd in the world, up three places. NetEase's net income last year was more than 100 billion, an increase of 7% over the previous year. Among them, NetEase's game business has grown steadily, with annual revenue of more than 80 billion yuan. While sales revenue increased, NetEase's investment in R&D last year hit a record high, reaching 16.5 billion yuan. In the "2023 Hurun Global 500", NetEase ranked 175th.

The 82-year-old He Xiangjian and his family's wealth increased by 4 percent, ranking sixth in China with 200 billion yuan. Ranked 46th in the world, the same as last year. Midea's total operating income in the first half of last year was nearly 200 billion yuan, of which the total revenue in the second quarter exceeded 100 billion yuan for the first time. In the first half of last year, Midea's central air conditioning domestic market share continued to rank first, accounting for more than 27% of the export scale, ranking first in the industry. In the "2023 Hurun Global 500", Midea ranked 291st.

The wealth of Li Ka-shing and Li Zeju fell by 10%, ranking sixth in China with 200 billion yuan. Ranked 46th in the world, down 7 places. In February this year, CK Hutchison announced the termination of the transaction to set up a wholesale mobile and wholesale fixed-line communications services company in Italy. In addition, the second son Li Zekai ranks 217th in the world with a wealth of 72 billion yuan.

The 96-year-old Lee Shau Kee's wealth remains at 165 billion yuan, ranking eighth in China. It ranks 65th in the world, down 6 places. In January this year, Henderson Land became a partner of the Talent Services Office of the HKSAR Government.

Zeng Yuqun, 56, whose wealth fell 34 percent from last year, ranked eighth in China with 165 billion yuan. It ranked 65th in the world, down 28 places. CATL's current market value is 700 billion yuan, down nearly 400 billion yuan from the same period last year, but it is still the largest listed company on the Growth Enterprise Market (GEM) by market capitalization. The company's performance is good, with revenue of nearly 300 billion yuan in the first three quarters of last year, a year-on-year increase of 40%, and net profit of 32.5 billion yuan, an increase of 66%. In the "2023 Hurun Global 500", CATL ranked 98th.

The 61-year-old Li Shufu's wealth was the same as last year, ranking tenth in China with 160 billion yuan, up two places. 74th in the world, down 11 places. In the past year, Li Shufu's Hong Kong-listed Geely Automobile, although its share price has fallen, its operating income has maintained growth. In the first half of last year, the company's sales revenue was nearly 80 billion yuan. Volvo Cars also performed well, with more than 700,000 units sold worldwide last year. In February this year, Li Shufu's unicorn company Lotus went public in the United States, with a current market value of 36 billion yuan.

It is worth noting that the Ma Yun family failed to enter the top 10, ranking 11th, with a net worth of 150 billion yuan, a decrease of 16% from last year.

The entrepreneurs who rose the most included Cai Haoyu, 37, of the game company miHoYo, whose wealth increased by 210% to 67 billion yuan due to the development of AI, Chen Tianshi, 39, of the semiconductor company Cambrian, whose wealth increased by 120% to 16 billion yuan, Lin Baili, 75, of Quanta Computer from Taiwan, whose wealth increased by 180% to 60.5 billion yuan, and Zhang Liguo, 60, who grew by 90% to 13.5 billion yuan, which was 60% of the face mask company.

Among the entrepreneurs whose wealth fell the most, 46-year-old Li Hua of fintech company Futu Securities, fell 69 percent to 22.5 billion yuan, and the Wang Zhenhua family of Xincheng Industrial and Ren Jinsheng of Simcere Pharmaceutical both fell 67 percent to 7.2 billion yuan.

There are three 100 billion-level entrepreneurs in the automobile industry, Geely's Li Shufu family has a wealth of 160 billion yuan, ranking first in the industry, followed by BYD's Wang Chuanfu and Great Wall Motor's Wei Jianjun and Han Xuejuan, both with a wealth of 110 billion yuan.

Wanda's Wang Jianlin family's fortune has shrunk by 72 percent to 30 billion yuan, with most of its shares in Wanda Commercial Management frozen, while Country Garden's Yang Huiyan family's wealth has shrunk by 60 percent to 44 billion yuan.

The industries with the most losers are industrial products, including Jin Xin of Daikin Heavy Industries (last year's fortune of 12 billion yuan) and Glebo's Chen Yin (last year's fortune of 11 billion yuan), followed by real estate and medical health, the real estate industry includes Zhongang's Yi Rubo (last year's fortune of 21 billion yuan) and Veterans' Shi Guilu (last year's wealth of 20 billion yuan), and the medical and health industry includes Lv Jianming of Tongce Medical (last year's fortune of 15 billion yuan), Hu Gengxi and Chen Yanni of Wuwu Biotechnology (last year's fortune of 13 billion yuan).