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Wahaha leader tops list of rich
By Pan Xiaoyi |
September 30, 2010, Thursday
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Print Edition
Print Edition
Zong Qinghou, founder and CEO of Hangzhou Wahaha Group, China's leading beverage company, is the richest man on the Chinese mainland with a personal fortune of 80 billion yuan (US$12 billion), according to the Hurun Rich List 2010.
Zong shot past last year's richest man, Wang Chuanfu of car and battery maker BYD Co Ltd, on the rich list.
Wang is now 12th on the list with wealth of US$4.6 billion.
A total of 1,363 individuals own assets more than 1 billion yuan (US$150 million), up from 1,000 last year.
Shanghai is home to 108 billionaires, ranking the fifth in terms of the number of billionaires.
"China probably now has the largest number of billionaires of anywhere in the world," said Rupert Hoogewerf, founder and compiler of the Hurun Rich List.
"We already know of 189 US-dollar billionaires in China this year, but you can safely say that we have missed at least half again, meaning there are between 400 and 500 US-dollar billionaires."
Hurun Rich List released the top five wealthiest yesterday, and four new faces made the cut. The complete list with all 1,363 names will be released in mid-October.
"The year 2010 is also the first time in 10 years that a property tycoon has not made the top five," Hoogewerf said.
Zong, 65 years old and touted as 'Drinks King,' is benefiting from his quickly expanding Wahaha business.
Zong - who, together with his wife and daughter, owns 60 percent of Wahaha - jumped up from the 12th spot in last year's list.
Zong shot past last year's richest man, Wang Chuanfu of car and battery maker BYD Co Ltd, on the rich list.
Wang is now 12th on the list with wealth of US$4.6 billion.
A total of 1,363 individuals own assets more than 1 billion yuan (US$150 million), up from 1,000 last year.
Shanghai is home to 108 billionaires, ranking the fifth in terms of the number of billionaires.
"China probably now has the largest number of billionaires of anywhere in the world," said Rupert Hoogewerf, founder and compiler of the Hurun Rich List.
"We already know of 189 US-dollar billionaires in China this year, but you can safely say that we have missed at least half again, meaning there are between 400 and 500 US-dollar billionaires."
Hurun Rich List released the top five wealthiest yesterday, and four new faces made the cut. The complete list with all 1,363 names will be released in mid-October.
"The year 2010 is also the first time in 10 years that a property tycoon has not made the top five," Hoogewerf said.
Zong, 65 years old and touted as 'Drinks King,' is benefiting from his quickly expanding Wahaha business.
Zong - who, together with his wife and daughter, owns 60 percent of Wahaha - jumped up from the 12th spot in last year's list.
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