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Zong tops rich list
May 17, 2013, Friday
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BEVERAGE tycoon Zong Qinghou, 68, tops a ranking of the 500 richest people on the Chinese mainland this year - a list that records a huge increase in the wealth of billionaire entrepreneurs.
Zong, founder and chairman of the Hangzhou Wahaha Group, is top of the 2013 New Fortune 500 Rich List with 70 billion yuan (US$11.38 billion) in personal assets.
After a brief downturn in 2012, the cut-off point to make the list is 3 billion yuan, equaling the top-10 benchmark of a decade ago.
Average wealth grew 16.7 percent to 7.16 billion yuan - the second highest level in the list's 11-year history, and membership of the 10 billion yuan club grew from 68 to 87.
Zong, founder and chairman of the Hangzhou Wahaha Group, is top of the 2013 New Fortune 500 Rich List with 70 billion yuan (US$11.38 billion) in personal assets.
After a brief downturn in 2012, the cut-off point to make the list is 3 billion yuan, equaling the top-10 benchmark of a decade ago.
Average wealth grew 16.7 percent to 7.16 billion yuan - the second highest level in the list's 11-year history, and membership of the 10 billion yuan club grew from 68 to 87.
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