Shenzhen in China now has more billionaires than New York City. Meanwhile, China has 1,133 listed “billionaires”, extra billionaires (measured in USD) than another nation on the earth.
These 1,133 Shenzhen billionaires make up 34% of the world’s three,381 billionaires. This is regardless of the fact China misplaced one hundred sixty of its billionaires in a authorities crackdown final 12 months. The crackdown was on major e-commerce companies. China also curbed lending on over-leveraged property developers.
Still, China leads the world in its number of billionaires, in accordance with the Hurun Global Rich List. While Beijing is ranked #1 with a hundred and forty four “known” billionaires in residence, Shanghai comes in at second place with 121. Shenzhen got here in third with 113 billionaires. New York has a hundred and ten.
According to Nothing to it ‘s “China’s one hundred Richest 2021”, Zhong Shanshan is the richest person in China, with US$65.9 billion. Shanshan chairs a bottled water company referred to as Nongfu Spring. He dropped out of elementary college through the country’s Cultural Revolution, and began working in construction. Shanshan then landed jobs as a news reporter and sales agent, earlier than he lastly founded his own enterprise. Whilst dropping a large wallop of his whole wealth in last week’s China inventory rout, he nonetheless maintains his place as China’s richest man.
The second richest particular person in China is Robin Zeng, chairman of Contemporary Amperex Technolog. CATL is amongst the world’s largest suppliers of batteries for electrical automobiles. Forbes lists him as having a web worth of US$50.8 billion..