Magazine reports: Another dollar billionaire in China almost every day – economy

Has prosperity broken out in China? A new wealthy list published by a Shanghai magazine says dollar billionaires are joining them almost every day.

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Shanghai – China has an extra dollar billionaire almost every day, according to a report. Their number rose by 307 to 1,185 last year, according to the new list of riches published by the Shanghai magazine “Hurun” on Wednesday. The country with the second largest economy now has five times more US dollar billionaires than ten years ago. The richest Chinese is therefore the 67-year-old mineral water entrepreneur Zhong Shanshan with a fortune of 60.6 billion dollars.

The 38-year-old founder of the Tiktok video platform, Zhang Yiming, now ranks second with $ 52.8 billion. He is followed by the head of the car battery manufacturer CATL, Zeng Yuqun. The 53-year-old was able to triple his fortune to $ 47.4 billion. The boss of Internet giant Tencent, Pony Ma (50), slipped to fourth place. Alibaba founder Jack Ma (57) also landed in fifth place.

No more real estate entrepreneur at the front

Against the background of the crisis in the housing market in China, no real estate entrepreneur is in the top ten for the first time. The founder of the highly indebted real estate giant Evergrande, Xu Jiayin, who headed the list in 2017, fell from fifth place in the previous year to 70th place with just $ 11.3 billion.

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