The Hurun Rich List was announced: the 100 billion "Copper King" fell off the list, and Yang Huiyan's net worth shrank by 65 billion
Hurun is "showing off its wealth" again. On March 25, the "2024 Hurun Global Rich List" was released in Shenzhen. The reporter of Nandu Bay Finance Society saw that a total of 3,279 billion-dollar entrepreneurs from 73 countries were on the list, up from 3,112 last year. The number of billion-dollar entrepreneurs increased by 5% and total wealth increased by 9%. This is the 13th consecutive year that the Hurun Research Institute has released the "Global Rich List", and the deadline for wealth calculation is January 15 this year.
Hurun released the list
Although there are 155 fewer entrepreneurs, China still has 814 billion-dollar entrepreneurs on the list, ranking first in the world. Statistics show that the total wealth of China's billion-dollar entrepreneurs is nearly 19 trillion yuan, down 15% from last year. According to the data of the list, 241 people have increased their wealth from last year, and 55 of them are new faces. However, 702 of them have decreased their wealth from last year, and 208 of them have not made the list.
Shenzhen's wealthy group is still bright. The reporter of Nandu Bay Finance Society saw that from the perspective of the city where entrepreneurs live, Shenzhen ranks sixth in the world with 84 people, second only to New York (119), London (97), Mumbai (92), Beijing (91) and Shanghai (87), more than Hong Kong (65) and Moscow (59), New Delhi (57), San Francisco (52) and so on.
TOP10 Chinese Cities Source: 2024 Hurun Global Rich List
As a cornucopia of wealth, the Guangdong-Hong Kong-Macao Greater Bay Area remains one of the hot spots of this year's Global Rich List. According to the list, a total of 220 "billion-dollar entrepreneurs" in the Greater Bay Area are on the list. Among them, Shenzhen has the most people, reaching 84, Hong Kong has 65, Guangzhou has 39, Foshan and Dongguan have 15 and 8 respectively. For reference, the Yangtze River Delta region has a total of 252 on the list, which means that the density of super entrepreneurs is higher.
It is worth mentioning that among the TOP20 Chinese entrepreneurs selected this year, 8 are from the Greater Bay Area, accounting for more than one-third.
TOP10 Chinese Entrepreneurs Source: 2024 Hurun Global Rich List
However, for entrepreneurs in the Greater Bay Area, some people are happy and some are worried. The 53-year-old Ma Huateng (250 billion yuan) ranks third in the country, second only to Zhong Sui, founder of Nongfu Spring (450 billion yuan) and Huang Zheng (385 billion yuan), founder of Pinduoduo, but he is still the "first brother" in the Greater Bay Area. Ma Huateng's wealth fell 10% from last year, ranking 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%.
The youngest self-made entrepreneur, also from the Greater Bay Area, is Nie Yunchen, the founder of Shenzhen-based Heytea. As a post-90s generation, Nie Yunchen's wealth increased by 20% to 8.5 billion yuan, making him the youngest self-made billion-dollar entrepreneur in China.
Shrinking wealth is also worth paying attention to. Due to the continued downturn in real estate, Country Garden's Yang Huiyan family's wealth shrank by 65 billion yuan to the latest 44 billion yuan, a 60% contraction, making it one of the most declining entrepreneurs in China.
Wang Wenyin, the founder of Shenzhen-based Zhengwei Group, which specializes in non-ferrous metals, was the biggest loser this year, and although he had a fortune of up to 105 billion yuan last year, he was "out" because his company had serious cash flow problems. Wang Wenyin was once known as the "Copper King" by the outside world.
"Through the list and rankings, we hope to tell the story of the global economy through the stories of the world's most successful entrepreneurs, discover economic bright spots, and encourage entrepreneurial ecology and value creation. Hurun Report, chairman and chief research officer, said in Shenzhen that the Greater Bay Area has surpassed the entire United Kingdom and more than twice that of Russia in terms of the wealth on the list, and he is optimistic about the development prospects of the Greater Bay Area.
Guangdong-Hong Kong-Macao Greater Bay Area billion-dollar entrepreneurs on the list: 220 people
thereinto
Shenzhen: 84
Hong Kong: 65
Guangzhou: 39
Foshan: 15 people
Dongguan: 8 people
Written by: Lu Liang, reporter of Nandu Bay Finance Society