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Ranking of the 22 richest people in China as of 2019

This graph shows a ranking of the 22 richest people in China as of August 2019. Ma Yun and family ranked first in 2019 with a net wealth of about 27.5 billion yuan.

Ultra-high net worth individuals (UHNWI) in China – additional information

Net worth refers to the amount of value by which an individual’s assets exceed their liabilities. It is usually cited to demonstrate the economic position of a person. Following China’s extensive economic development over the past two decades, the number of wealthy people had been rapidly growing as well. According to Hurun Research Institute, China was the country with the second largest number of billionaires worldwide as of 2015, with a total number of 430 UHNWI’s. As of 2014, the number of millionaires had amounted to approximately 11,300 people in Beijing alone. Unsurprisingly, the majority of high-net worth individuals lives in first-tier cities, such as Beijing, Guangzhou and Shanghai. As of September 2014, a total of about 471,000 millionaires had resided in East China.

Chinese millionaires have accumulated their wealth primarily as private entrepreneurs. Most of the people listed among the 25 wealthiest Chinese in 2014 had owned their own companies. One example, Li Linyuan, owner of Tiens Group, had recently stunned the world by rewarding his 6,500 employees with the best sales performance with a luxury company tour to France.

Ranking of the 22 richest people in China as of August 2019

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Source

Release date

October 2019

Region

China

Survey time period

August 15th, 2019

Supplementary notes

Note: 1 yuan equals approximately 0.14 U.S. dollars and 0.13 euros (as of December 2019).

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Statistics on "Millionaires in China"

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