Top 20 richest people in China 2013

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By Lu Na (China.org.cn) 10:56, September 13, 2013

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Wang Wenyin

No.20: Wang Wenyin

Wealth: 30 billion yuan (US$4.9 billion)

Wealth change (%): new

Company: Amer

Industry: cables and components for electrical engineering

Age: 45

Headquarters: Shenzhen of Guangdong Province

Wang Jianlin, also known as the "Real estate King", is the new No. 1 wealthiest man on the 2013 Hurun rich list with 135 billion yuan to his name.

The IT industry came out as the biggest winner this year, with no less than three people featured in the top 10. Additionally, within the top 50, the wealth of those operating in the IT industry has increased by more than 40 percent over two consecutive years. In addition, the wealth of Lei Jun, chairman and CEO of Xiaomi Corp., increased from 2.4 billion yuan last year to 16 billion yuan this year, up by 567 percent.

The entertainment industry features the fastest growth in terms of wealth. The wealth of these top 20 rich people in entertainment increased by 64 percent compared with last year.

This is the 15th annual edition of the Hurun rich list since initially it was first in 1999. This is the sixth time that the total number of China's wealthiest individuals reached 1000.

The average wealth of entrepreneurs on the list grew by 18.5 percent, to 6.4 billion yuan, despite the 1.7 percent drop on the Shanghai Stock Exchange index. Moreover, the minimum financial requirement for those featuring in the top 50 is now 18 billion yuan, the highest in the list's history and 10 times that of one decade ago.

"It created a new record mainly because of the recovery of real estate and the rapid development of IT," Rupert Hoogewerf, Hurun Report CEO and chief researcher said.