Wang Chuanfu tops Forbes China Rich List 2009

14:59, November 05, 2009      

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Forbes China Rich List 2009 was released Thursday in Shanghai. Topping the list is 43-year-old Wang Chuanfu, president of the Shenzhen-based BYD Automobile Co. Ltd., his assets are worth 5.8 billion U.S. dollars, followed by Liu Yongxing at 5.5 billion U.S. dollars.

Top ten of Forbes China Rich List 2009:

Wang Chuanfu, 5.8 billion U.S. dollars, president of the Shenzhen-based BYD Automobile Co. Ltd.

Liu Yongxing, 5.5 billion U.S. dollars, president of East Hope Group
  
Zong Qinghou, 4.8 billion U.S. dollars, president of Hangzhou Wahaha Group Co. Ltd.

Lu Xiangyang, 4.1 billion U.S. dollars, president of Guangzhou Youngy Management & Investment Group Co. Ltd.

Yang Huiyan, 3.9 billion U.S. dollars, biggest shareholder of Country Garden

Xu Rongmao, 3.85 billion U.S. dollars, president of Shimao Group

Ma Huateng, 3.8 billion U.S. dollars, executive director and chairman of Tencent, Inc.

Liu Zhongtian, 3.79 billion U.S. dollars, president of China Zhongwang Holdings Ltd.

Zhang Jindong, 3.7 billion U.S. dollars, president of Suning Appliance

Wang Jianlin, 3.5 billion U.S. dollars, president of Dalian Wanda Group Co. Ltd.

Wang Chuanfu, Zong Qinghou, Lu Xiangyang, Liu Zhongtian, Wangjianlin's family reached the top ten for the first time. However, Huang Guangyu, Liu Yonghao & family, Zhou Chengjian & family, Li Yanhong, Du Shuanghua and Zhou Furen & family from last year's top ten didn't make it to this year's list.

According to the list, their total assets doubled from 52 billion U.S. dollars to 106 billion U.S. dollars owe to China's Stock Market, in spite of global financial crisis.

In addition, the number of U.S. dollar billionaires in China has grown to 40 from the 24 last year, according to the list.

By People's Daily Online
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