On October 27, Hurun Research Institute released the "2021 Hurun Rich List", Nongfu Spring (9633. HK) founder Zhong Became China's Richest Man for the First Time with a fortune of 390 billion yuan.
Zhong Shui, according to Visual China
ByteDance founder Zhang Yiming, 38, grew his fortune by 230 billion yuan, jumping to second place with 340 billion yuan, surpassing Ma Huateng and Ma Yun. Ningde era (300750. SZ) founder Zeng Yuqun ranked third.
Red Star Capital Bureau noted that in addition to Zhang Yiming and Zeng Yuqun, there are also Great Wall Motors (601633. SH) of Wei Jianjun, Han Xuejuan and his wife, and the Li Ka-shing family of Cheung Kong Industries. This year's top ten threshold reached 193 billion yuan, down 7 billion yuan from last year's 200 billion yuan.
Zhong was China's richest man for 30 minutes
Regarding Zhong's first time becoming China's richest man, HuRun bluntly said: "What surprises many people is that in the era of science and technology in the 21st century, China's richest man is this water seller Zhong Shui. ”
In fact, in addition to Nongfu Spring, Zhong also has cervical cancer vaccine manufacturer Wantai Bio (603392. SH）。 The current market value of Wantai Bio has increased by more than 40% over the same period last year, and the market value of Nongfu Spring has increased by about 10%. In the first half of this year, Wantai Bio achieved a net profit of more than 700 million yuan, an increase of 200% over the same period last year; while the net profit of Nongfu Spring in the first half of the year reached 4 billion yuan, an increase of 40% over the same period last year. At present, the combined market value of the two companies exceeds 500 billion yuan. Nongfu Spring ranked 255th in this year's Hurun Global 500.
This year, the 67-year-old Zhong's wealth increased by 25 billion yuan from last year, becoming China's richest man for the first time with a net worth of 390 billion yuan, but it is still down nearly 200 billion yuan from the peak of this year.
On September 7, 2020, Nongfu Spring issued an announcement that the total share capital after the listing was about 11.89 billion shares, and the founder Zhong Shui held 84.4% of the shares through its subsidiaries, which was highly concentrated, and pee and other institutions were not introduced before listing.
On September 8, 2020, Nongfu Spring opened 85.12% at HK$39.8 per share, with a total market value of HK$440 billion. Coupled with 75.15% of wantai biological shares in Zhong's hands, Zhong's net worth once reached 57.8 billion US dollars, surpassing the "second horse" to become China's new richest man.
However, at that time, his status as the "richest man" lasted only about half an hour. At the close of the day, Zhong's stock market value was HK$385.216 billion, equivalent to US$49.693 billion, ranking as the third richest man in China, followed by Ma Huateng and Ma Yun.
For the first time, real estate entrepreneurs are absent from the top ten
Red Star Capital Bureau noted that in this year's Hurun China Top Ten Rich, there is not a single entrepreneur from the real estate industry.
Evergrande Xu Jiayin, as the richest man in 2017, was in debt crisis, and this year's wealth of 73 billion yuan fell by 162 billion yuan compared with last year, which is the entrepreneur with the largest decline in wealth on this year's list, and the ranking also fell from the fifth place last year to the 70th place; Huaxia Happiness (600340. SH) 54-year-old Wang Wenwen's wealth fell by more than 40 billion yuan, to 6 billion yuan this year.
The top two in the real estate industry this year are Country Garden (2007. HK) 40-year-old Yang Huiyan and Henderson Land Development 93-year-old Lee Shau Kee, both ranked 11th and 15th in the overall list with a wealth of 185 billion yuan and 170 billion yuan respectively.
In the "2021 Hurun Global Rich List" released in March this year, Hurun also mentioned that for the first time, there were no real estate entrepreneurs in the top ten of China's rich list.
It is worth mentioning that Li Ka-shing is in eighth place, but he is not included in the ranks of real estate entrepreneurs.
Hurun pointed out that Li Ka-shing and his family's Changhe (0001. HK), Changshi (1113. HK) two major listed companies have expanded their investment footprint to include real estate, retail, telecommunications, infrastructure, ports and energy. Li Ka-shing's second son, Li Zekai, 55, ranks 155th on the list with a fortune of 38 billion yuan, in addition to running the listed company PCCW (0008. HK), its subsidiary, FWD Insurance, is planning to go public in the United States.
The founders of the new tea drink made the list, and the wealth of the education industry shrank significantly
Red Star Capital noted the growing popularity of drinks such as new tea and coffee, which also brought great wealth to the founders.
Among the 28 "post-90s" entrepreneurs on the list, two started from scratch. The wealth of 30-year-old Nie Yunchen of Xicha doubled from 2020 to 10 billion yuan, becoming the richest self-made man after 90s; Lu Jianxia, 28, of Manner Coffee, started a business with Han Yulong, and the husband and wife wealth of 3.5 billion yuan were newly listed this year.
In contrast, in the context of the double reduction policy, the wealth of Zhang Bangxin of Good Future (TAL.US) shrank by nearly 90 billion yuan to 5.7 billion yuan; the wealth of Yu Minhong of New Oriental (9901.HK; EDU.US) shrank by nearly 20 billion yuan to 7.5 billion yuan; and Chen Xiangdong of Gaotu Education (GOTU.US) had a wealth of 80 billion yuan last year and fell behind this year.
Overall, the total wealth of the entrepreneurs on the list is up 24% from last year's 27.5 trillion yuan to 34 trillion yuan, which is 6 times that of 10 years ago. The number of 100 billion entrepreneurs has increased by 4 over last year, to 45, and there was no one 10 years ago; the number of 1 billion US dollar entrepreneurs has increased by 307 compared with last year's 878, reaching 1185, which is 5 times that of 10 years ago.
The proportion of manufacturing people on the list and the proportion of wealth have increased the most, and it is still the largest source of wealth for entrepreneurs on the list, accounting for 27% of the total list, an increase of 3 percentage points over last year; wealth accounts for 24% of the total list, an increase of 5 percentage points. Among them, advanced manufacturing accounted for 60%; the number of people in the big health industry accounted for 10.8%, maintaining the second place; the proportion of the real estate industry continued to decline, ranking third with 9.4%; the chemical industry rose, accounting for 6.4%, rising to the fourth.
Red Star News reporter Yu Yao Deng Lingyao
Responsible editor Ren Zhijiang Editor Yu Dongmei
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