Baidu CEO Robin Li is Chinese mainland's richest

15:04, April 27, 2011      

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Robin Li, founder and CEO of, has overtaken Zong Qinghou, chairman of food and beverage giant Wahaha Group, as the new richest person in Chinese mainland, and Hong Kong's Li Ka-shing remains the richest Chinese person in the world, according to the first annual list of the world's Chinese billionaires for 2011 released by Forbes China on April 26.

The world's Chinese billionaires list for 2011 includes 213 Chinese billionaires who have a total wealth of 567 billion U.S. dollars, about 13 percent of the total wealth owned by the world's billionaires. The percentage of Chinese billionaires among the world's total billionaires in terms of both number and wealth has been on the continuous rise over recent years, ranking second only after American billionaires.

In terms of the distribution of the Chinese billionaires, 115 Chinese billionaires or 54 percent are from Chinese mainland, 35 are from Hong Kong, 27 are from Southeast Asia, 25 are from Taiwan, and seven are from the United States.

The top three billionaires on the list are all from Hong Kong. Li Ka-shing, chairman of Cheung Kong (Holdings) Limited, remains the world's richest Chinese person with a wealth of 26 billion U.S. dollars, followed by Thomas & Raymond Kwok & family with 20 billion U.S. dollars and Lee Shau Kee with 19 billion U.S. dollars.

Possessing 9.4 billion U.S. dollars in assets, Robin Li replaced Zong Qinghou (5.9 billion U.S. dollars) as the richest person in Chinese mainland. It is quite an accomplishment for a Chinese Internet entrepreneur.

Cher Wang and her husband Chen Wen-chi made a fortune from their HTC phone brand, a fierce rival to Steve Jobs' iPhone in the smart phone market. They have become the richest couple in Taiwan with a combined fortune of 6.8 billion U.S. dollars. Wang is the second daughter of Wang Yung-ching, founder of Formosa Plastics Group and the late richest individual in Taiwan.

"A circle of wealthy Chinese is rising. Wherever the Chinese billionaires live, their businesses are becoming more linked with the open and fast-growing market in Chinese mainland, and their target markets and customer base are mainly Chinese," said Zhou Jiangong, chief editor of Forbes China. It is worth noting that as Chinese billionaires are taking a leading position in the global manufacturing industry, many of them thrive in the real estate industry.

By People's Daily Online

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