Click the image for details On March 7, 2017, Beijing time, the Hurun Research Institute released the 2017 Hurun Global Rich List. A total of 2,257 billionaires were listed, an increase of 69, reaching a record high. The number of billionaires in Greater China reached 609, ranking first for the second consecutive year, surpassing the United States. Key Information from the 2017 Hurun Global Rich List • 2,257 billionaires were listed, an increase of 69, reaching a record high; • Total wealth reached 55.9 trillion yuan, up 16%, equivalent to 10.7% of global GDP; • Bill Gates, with wealth of 560 billion yuan, retained the title of world's richest person; Warren Buffett ranked second; 53-year-old Amazon founder Jeff Bezos saw his wealth rise 37%, jumping to third; • The number of super-wealth creators in China surpassed the United States to rank first; Germany surpassed India to rank third; • China's express delivery and retail industries grew the fastest; Wang Wei of SF Express surpassed Li Ka-shing in wealth; • 37 top entrepreneurs in China's food industry became 'global billionaires', including 6 newcomers. 2017 Hurun Global Rich List (China Food Industry Entrepreneurs) 2017 Hurun Global Rich List (China Food Industry Entrepreneurs) Rank| Rank Change| Wealth (100 million yuan)| Name| Age| Source of Wealth 56| -15| 1120| Zong Qinghou Family| 72| Wahaha 107| 19| 770| Yan Bin| 63| Huabin 233| -30| 435| Xu Shihui Family| 60| Dali Foods 269| -81| 400| Liu Yonghao Family| 66| New Hope 287| 10| 385| Tsai Eng-meng Family| 60| Want Want 501| -49| 260| Jiang Zhaobo| 54| Pengxin 501| -48| 260| Yang Kai| /| Huishan Dairy 523| -44| 250| Pang Kang| 61| Haitian Flavoring 792| 231| 185| Kuok Khoon Hong| 67| Wilmar International 792| 0| 180| Chen Hongdao| /| JDB 924| -385| 160| Wu Congman| 64| Megaworld 984| New| 155| Wu Zhigang Family| 82| Taoli Bread 984| 522| 152| Wei Chenghui| 68| First Family 1037| 109| 145| Lin Rongfu| 63| Wilmar International 1172| -430| 135| Chen Juezhong| 64| Jollibee 1233| 75| 125| Xu Cheng Family| 65| Hsu Fu Chi 1386| 434| 112| Wu Shengfu| 56| Wilmar International 1386| 3| 110| Li Wenda| 87| Lee Kum Kee 1479| -91| 105| Liu Xuejing Family| 66| Xinfengxiang 1491| -171| 105| Wang Han| 30| Juneyao 1581| -558| 100| Liang Yunchao Family| 48| By-Health 1581| -273| 100| Wang Junjin Family| 49| Juneyao 1581| -840| 95| Liu Xiaodong| 50| Bairun 1685| -83| 93| Cheng Xue| 47| Haitian Flavoring 1685| -296| 90| Fu Guangming Family| 63| Shengnong 1581| -1272| 90| Wei Yingzhou| 63| Ting Hsin 1685| New| 88| Wei Yingjiao| 49| Ting Hsin 1685| New| 88| Wei Yingxing| /| Ting Hsin 1802| -297| 85| Feng Xiaohua| 61| Nanhua Sugar 1802| -98| 82| Wu Zhande Family| 94| Maxim's Catering 1802| 162| 80| Cao Defeng & Meng Haidi| 72,/| Standard Foods 1802| New| 80| Wei Yingchong| /| Ting Hsin 1952| New| 80| Wan Long| 77| Shuanghui 1952| New| 75| Shi Yonglei Family| 43| Lai Yifen 1952| -133| 75| Wang Junhao| 45| Juneyao 2114| -295| 72| Sun Mengquan Family| 67| Luhua 2114| -150| 70| Li Fucheng Family| 71| Fucheng Wufeng From the list, we can see that although many entrepreneurs' wealth increased compared to the previous year, their rankings declined to varying degrees. Among them, 22 saw their rankings drop, while only 9 saw increases. Zong Qinghou's family of Wahaha, despite a drop of 15 places from the previous year, still leads the food industry with wealth of 112 billion yuan, retaining the title of richest person. Bairun, affected by Rio cocktails, saw a significant decline in 2016 performance according to the recent annual report, making it the biggest faller in rankings, which is understandable. By-Health also saw a decline in 2016 performance, so it also became one of the top three fallers. Among those who rose in the rankings, Wilmar International accounted for three members, and their rankings all rose by more than three digits. From this, we can see that Wilmar International's 2016 performance must have been very good. Fortunately, there are 6 newcomers this year. Apart from the three new members from the Ting Hsin split, there are three other newcomers with quite impressive results. Taoli Bread, which was listed not long ago, squeezed into the top 1000 with wealth of 15.5 billion yuan, an amazing achievement and a well-deserved dark horse in the food industry. 30-year-old Wang Han is the youngest billionaire on the list. In 1991, Wang Junyao, along with Wang Junjin and Wang Junhao, created the legend of "daring to defy the heavens," gradually building the Juneyao Group spanning aviation, department stores, dairy, education, and other industries. Among them, Juneyao Dairy's revenue reached 492 million yuan in 2014, and from January to August 2015, revenue was 657 million yuan, with an estimated value as high as 2.502 billion yuan in one transaction. After Wang Junyao passed away in 2004, his son Wang Han inherited part of the equity. After graduating from the University of London, Wang Han naturally entered the Juneyao Group to work. Content Expansion: Profiles of China's Top Ten Billionaires 2017 Hurun Global Rich List (Greater China Top 10) | Name| Wealth (100 million yuan)| Global Rank| Main Source of Wealth| Age| Residence 1-| Wang Jianlin Family| 2050| 19↑| Wanda| 63| Beijing 2↑| Ma Yun Family| 2000| 20↑| Alibaba, Ant Financial| 53| Hangzhou 3*| Wang Wei| 1860| 25↑| SF Express| 46| Hong Kong 4↓| Li Ka-shing| 1750| 32↓| Cheung Kong| 89| Hong Kong 5↓| Lee Shau Kee| 1660| 34↓| Henderson Land| 89| Hong Kong 6↓| Ma Huateng| 1520| 38↑| Tencent| 46| Shenzhen 7*| Ding Lei| 1250| 47↑| NetEase| 46| Hangzhou 8↓| Zong Qinghou Family| 1120| 56↓| Wahaha| 72| Hangzhou 9*| Yao Zhenhua| 1050| 62↑| Baoneng| 47| Shenzhen 9*| Cheng Kar-shun Family| 1050| 62↑| New World/Chow Tai Fook| 69| Hong Kong Wang Jianlin 63-year-old Wang Jianlin and his family, with wealth of 205 billion yuan, retained the title of richest person in Greater China on the 2017 Hurun Global Rich List, ranking 19th globally, up 2 places from last year. By the end of last year, Wanda Group's total assets had reached 796.1 billion yuan, with operating revenue of 255 billion yuan. Service industry revenue accounted for 55%, historically surpassing real estate for the first time, marking Wanda's achievement of its transformation goal one year ahead of schedule. In January this year, Wanda Group's U.S. subsidiary AMC Theatres announced the acquisition of Nordic Cinema Group, the largest cinema operator in Northern Europe, for 6.4 billion yuan. This acquisition made AMC the world's largest cinema chain and pushed Wanda Group a step further toward dominating the global film market. Ma Yun 53-year-old Ma Yun and his family, with wealth of 200 billion yuan, ranked second in Greater China and 20th globally, up 16 places from last year. Last year, Ant Financial, the world's largest internet financial platform founded by Ma Yun, announced the completion of a Series B financing round of 29.2 billion yuan. After this round, Ant Financial's valuation reached 388.5 billion yuan, making it one of the world's largest unlisted unicorn companies. In addition to Ant Financial, Alibaba, listed on the NYSE, saw its stock price decline from mid-last year, with a current market value of nearly 1.71 trillion yuan. Wang Wei 46-year-old Wang Wei, with wealth of 186 billion yuan, ranked third in Greater China and 25th globally, up 305 places from last year. Wang Wei moved to Hong Kong with his family as a child and founded SF Express in 1993. SF Express successfully went public through a backdoor listing in early 2017 and performed well, with Wang Wei's wealth rapidly surpassing many established entrepreneurs and approaching Ma Yun and Wang Jianlin. Li Ka-shing 89-year-old Li Ka-shing, with wealth of 175 billion yuan, ranked fourth in Greater China and 32nd globally, down 9 places from last year. Data released by Cheung Kong in February this year showed that Li Ka-shing's first Hong Kong property project in 2017, the YF Garden, sold 62 houses in just one week, generating 1.59 billion Hong Kong dollars. Only 5 detached houses remain, with 20% of buyers from the mainland. Lee Shau Kee 89-year-old Lee Shau Kee, with wealth of 166 billion yuan, ranked fifth in Greater China and 34th globally, down 7 places from last year. Henderson Land's operating revenue in the first half of last year was 97.36 million yuan, up 18.2% year-on-year; net profit was 2.3 million yuan, down 15.5% year-on-year. Ma Huateng 46-year-old Ma Huateng, with wealth of 152 billion yuan, ranked sixth in Greater China and 38th globally, up 3 places from last year. The latest data shows that after consolidating its position in the payment field, Tencent has further expanded into internet financial services. Ding Lei 46-year-old Ding Lei, with wealth of 125 billion yuan, ranked seventh in Greater China and 47th globally, up 55 places from last year. Last year, NetEase's total net revenue was 38.2 billion yuan, up 67.4% year-on-year; net profit was 11.6 billion yuan, up 72.3% year-on-year, with both total revenue and net profit reaching record highs. Zong Qinghou 72-year-old Zong Qinghou and his family, with wealth of 112 billion yuan, ranked eighth in Greater China and 56th globally, down 15 places from last year. The Wahaha brand founded by Zong Qinghou has ranked first in China's beverage industry for 18 consecutive years, with total assets of 40 billion yuan and over 30,000 employees. Although the group's growth momentum has slowed in recent years, it still maintains an annual total profit and tax of over 10 billion yuan, holding an unshakable leading position in China's beverage market. Zong Qinghou is a deputy to the 10th, 11th, and 12th National People's Congress. Yao Zhenhua 47-year-old Yao Zhenhua, with wealth of 105 billion yuan, ranked ninth in Greater China and 62nd globally, up 1178 places from last year. Not long ago, Yao Zhenhua and his Baoneng Group became famous overnight due to the Vanke battle. However, recently, the China Insurance Regulatory Commission revoked Yao Zhenhua's qualification as chairman of Foresea Life Insurance and banned him from the insurance industry for 10 years. Consequently, some of Baoneng's investment layouts may also be affected. Cheng Kar-shun 69-year-old Cheng Kar-shun and his family, with wealth of 105 billion yuan, ranked ninth in Greater China and 62nd globally, up 81 places from last year. In September last year, Cheng Yu-tung, founder of New World Development, passed away in Hong Kong, leaving behind a business empire worth hundreds of billions. His eldest son, Cheng Kar-shun, was seen as the natural successor. In March 2012, Cheng Yu-tung officially announced his retirement as chairman of New World Development and Chow Tai Fook, and 66-year-old Cheng Kar-shun took over the family business from his father, serving as chairman of both companies. The business empire built by Cheng Yu-tung over decades had actually been fully handed over to the next generation. -END-