Jack Ma, founder of Alibaba Group, topped Forbes’s list of\nChina’s richest people for the second year in a row in 2019. Jack Ma, who\nresigned as chairman of the China Technology Corporation in September, saw his\nfortune rise to $38.2 billion from $34.6 billion in 2018.<\/p>\n\n\n\n
\u201cChina economic growth may be easing but the country’s savvy\nentrepreneurs continue to find ways to create new businesses and fortunes,\u201d\nsaid Russell Flannery, editor of Forbes China.<\/p>\n\n\n\n
The Chinese economy is facing some headwinds as the\nprolonged trade war with the United States continues to worry investors’\nsentiment and expectations, and the domestic economy is also slowing down.\nHowever, the total wealth of the 400 rich Chinese who were on China’s Forbes\nlist this year rose to $1.29 trillion from $1.06 trillion, according to the\nmagazine. This is an increase of more than 20% compared to last year.<\/p>\n\n\n\n
There have been 60 new arrivals this year, and only those\nwith $1 billion in net worth are included. Number 2 on this list this year was\nBonnie Ma Huating, owner of Tencent Holdings, who is also CEO and co-founder.\nHis net worth reached $36 billion.<\/p>\n\n\n\n
The third richest man in China is Hui Ka Yan, president of\nEvergrande Group, one of the largest real estate developers in China. His net\nworth is $27.7 billion.<\/p>\n\n\n\n
In fact, more than half of those on the list saw their\nwealth rise in 2019, and about a quarter saw a decline, according to Forbes.<\/p>\n\n\n\n
Here is a list of the 10 richest people in China and\ntheir net worth, according to Forbes:<\/strong><\/p>\n\n\n\n 1) Jack Ma – founder of e-commerce giant Alibaba – $ 38.2\nbillion.<\/p>\n\n\n\n 2) Ma Huateng – CEO of the technological giant Tencent Group\n– $ 36 billion.<\/p>\n\n\n\n 3) Hui Ka Yan – head of real estate development in\nEvergrande – $ 27.7 billion.<\/p>\n\n\n\n 4) Sun Piaoyang – chairman of the Jiangsu Pharmaceutical\nCompany, $ 25.8 billion.<\/p>\n\n\n\n 5) Yang Huiyan – Co-Chairman of Real Estate Development at\nCountry Garden, $23.9 billion<\/p>\n\n\n\n 6) He Xiangjian – founder of the Midea Group home appliance\nmaker, $23.2 billion.<\/p>\n\n\n\n 7) Colin Huang, CEO of e-commerce company Pinduoduo, $21.2\nbillion<\/p>\n\n\n\n 8) William Ding, CEO of online and mobile games company\nNetEase, $17.2 billion<\/p>\n\n\n\n 9) Qin Yinglin (and family), chairman of pig breeding and distribution\nfirm Muyuan Foodstuff, $16.6 billion<\/p>\n\n\n\n 10) Zhang Yiming, CEO of tech company ByteDance, $16.2\nbillion<\/p>\n","protected":false},"excerpt":{"rendered":" Jack Ma, founder of Alibaba Group, topped Forbes’s list of China’s richest people for the second year in a row in 2019. Jack Ma, who resigned as chairman of the China Technology Corporation in September, […]<\/a><\/p>\n<\/div>","protected":false},"author":1,"featured_media":1455,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[30],"tags":[93,74,66,79,36,34,145,114,127,11,48,24,78,13,38,33,131,44,10,58,57,70,47,86,31,18,80,23,46,109,39,85,106,115],"_links":{"self":[{"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/posts\/1454"}],"collection":[{"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/comments?post=1454"}],"version-history":[{"count":1,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/posts\/1454\/revisions"}],"predecessor-version":[{"id":1456,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/posts\/1454\/revisions\/1456"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/media\/1455"}],"wp:attachment":[{"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/media?parent=1454"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/categories?post=1454"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/tags?post=1454"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}