China has 358 billionaires, second only to that of the United States, according to the Global Rich List 2014 issued by Hurun Report on Tuesday.

The number of Chinese people who have a fortune of more than $1 billion increased by 41 in this year's list, according to the report.

Li Ka-shing, the Hong Kong business magnate, topped the Asia and China wealth list with a fortune of 200 billion yuan ($33.3 billion). Wang Jianlin, chairman of the Dalian Wanda Group and Lui Che Wo, chairman of K. Wah Group and owner of Galaxy Entertainment, took the second and third spots.

"Chinese entrepreneurs are shooting up the Hurun Global Rich List," said Rupert Hoogewerf, chairman and chief researcher of the Hurun Report.

Bill Gates topped the global rich list with a fortune of 410 billion yuan.