China Internet Watch

Half of Top 10 on Forbes China Rich List 2014 are Internet Entrepreneurs

CIW Team — Tue, 28 Oct 2014 08:28:39 +0000

Half of the top 10 richest men in China on Forbes Rich List 2014 are internet entrepreneurs, on top of which is Alibaba’s co-founder and chairman Jack Ma.

China’s top 100 richest are now worth $376 billion according to Forbes.

Top 10 Richest Chinese in 2014

Jack Ma, $19.5B, E-commerce
Robin Li $14.7B, internet search
Ma Huateng $14.4B, internet media
Wang Jianlin $13.2B, real estate
Li Hejun $13B, renewable energy
Zong Qinghou $11B, beverages
Wang Wenyin $10B, metal
Lei Jun $9.1B, smartphone
He Xiangjian $7.5B, appliances
Liu Qiangdong $7.1B, e-commerce

Here is a comparison with Hurun’s Rich List 2014:

		Name	Wealth US$m	Company
1	28	Ma Yun & family	25,000	Alibaba
2	-1	Wang Jianlin & family	24,200	Wanda
3	80	Li Hejun	20,800	Hanergy
3	-1	Zong Qinghou & family	20,800	Wahaha
5	-2	Ma Huateng	18,100	Tencent
6	0	Li Yanhong & Ma Dongmin	17,500	Baidu
7	40	Yan Jiehe & Yan hao	14,200	China Pacific Construction
8	-2	Yan Bin	10,000	Reignwood
9	248	Liu Qiangdong	8,800	JD.com
10	53	Lei Jun	7,500	Xiaomi Technology

Alibaba Chairman Jack Man is the Richest Man in China

CIW Team — Thu, 28 Aug 2014 02:00:36 +0000

The founder and chairman of Alibaba Group, Jack Ma (or Ma Yun), has a net worth of $21.8 billion, according to Bloomberg.

Pony Ma (left), Robin Li

Jack Ma is $5.5 billion richer than Pony Ma (or Ma Huateng), the founder of Tencent according to Bloomberg. Robin Li (or Li Yanhong), Baidu’s founder and CEO, ranks the third.

Alibaba plans to get listed on New York Stock Exchange next month and it may set its IPO value at $154 billion, according to the average estimate of five analysts surveyed by Bloomberg in July.

Jack Ma owns 8.8% of Alibaba and his interest in the company is valued at $11.3 billion after subtracting the 1.5% controlled by SymAsia Foundation, his charitable organization.

Hurun: Tencent’s CEO Pony Ma The Richest on IT Rich List

CIW Team — Thu, 03 Oct 2013 05:33:03 +0000

Hurun Report, a monthly magazine best known for its China Rich List, released its China IT Rich List on September 23 2013. This is the 11th time that Hurun released the top 50 China IT Rich List.

Pony Ma, Tencent’s CEO, surpassed Robin Li the first time in four years to be the richest man in IT industry with 56 billion yuan (USD 9.1 billion). Baidu CEO Robin Li ranked the second with 46 billion yuan (USD 7.5 billion).

IT industry was one of the fast growing industry in Hurun’s list, with over 20% growth rate. The average wealth was 51% more than last year, and 20 times more than 10 years ago. And the wealth of the 50th reached 3.5 billion yuan (USD 569 million), with an annual growth of 46%.

The market capital of Tencent was 550 biLlion yuan (USD 89.4 billion), which was the richest company in Hurun’s list. Pony Ma owned 10.25% of Tencent’s stake.