Wahaha's Zong Qinghou heads new Forbes China Rich List

16:53, October 28, 2010      

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Zong Qinghou, chairman of Hanzhou-based Wahaha Group, tops the recently-released 2010 Forbes China Rich List with a personal fortune of around 8 billion U.S. dollars, according to China National Radio on Thursday.

The 65-year-old Zong was also named China's richest man by the Hurun Rich List in September.

The rest of the top ten in the rich list in order are Li Yanhong, CEO of Baidu, Liang Wengen, chairman of Sany Group, Zhang Jindong, chairman of Suning Appliance, Li Li and his wife of Hai Purui, He Xiangjian, chairman of Guangdong Midea Group, Liu Yongxing, chairman of East Hope Group, Wu Yanjun couple of Longfor Group, Ma Huateng, CEO of Tencent and Wang Chuanfu, chairman of BYD.

There are not big differences between the Forbes Rich List and Hurun Rich List, published a month ago. Both the lists included the 10 people mentioned above except the ranking is slightly different.

The 2010 Forbes China Rich List shows two things, said Zhou Jiangong, editor in chief of Chinese version of Forbes.

First, the capital market had impact on the list. Some new rich, such as Li Li and his wife, increased their wealth by issuing stocks and IPO, which has considerable impact.

Second, there are significant changes in important industries and moderate changes in the retail industry. The personal fortune of Zhang Jindong, chairman of Suning Appliance, grew 50 percent compared to last year. While, the personal wealth of the real estate tycoons Zhang Guiping and Zhu Mengyi shrunk drastically.

By Liang Jun, People's Daily Online

(Editor:梁军)

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