China’s richest man list in 2020 From Forbes

RecordTrend.com is a website that focuses on future technologies, markets and user trends. We are responsible for collecting the latest research data, authority data, industry research and analysis reports. We are committed to becoming a data and report sharing platform for professionals and decision makers. We look forward to working with you to record the development trends of today’s economy, technology, industrial chain and business model.Welcome to follow, comment and bookmark us, and hope to share the future with you, and look forward to your success with our help.

The following is the China’s richest man list in 2020 From Forbes recommended by recordtrend.com. And this article belongs to the classification: China’s economy, Forbes.

The outbreak of novel coronavirus pneumonia has caused global business losses. However, the epidemic has never slowed down the progress of China’s rich ship. There are 400 people on the Forbes China rich list in 2020. With the advancement of capital market reform and the global epidemic, China’s economy has recovered the best among the major economies. The total wealth of the people on the list has soared to $2.11 trillion from $1.29 trillion a year ago. Nearly two-thirds of the people on the list have seen their wealth rise over the past year. This year’s threshold is $1.55 billion, up from $1 billion a year ago.

America was the king of wealth after World War II. After the latest round of wealth surge, China has accelerated its pace of catching up with and surpassing the United States in creating wealth. The total wealth of the 400 billionaires and their couples who made it to China’s rich list this year is $820 billion more than a year ago. By comparison, the total wealth of those on the Forbes 400 rich list released in September increased by only $240 billion. (Note: the Forbes 400 list of the richest in the United States requires that each person’s wealth reach $1 billion). The vitality of China’s wealth ecosystem is also remarkable: there are 68 new entrants to China’s rich list this year, while only 18 are new to the us rich list.

China’s technology industry leaders have created a lot of wealth, and Ma Yun, a Chinese Internet legend, is a typical example. Mr. Ma, Alibaba’s main founder, topped the list for the third consecutive year, with his fortune up 72% to $65.6 billion. The list uses the closing price on October 26 and the middle exchange rate of RMB against the US dollar. This was before ant group suspended listing in Shanghai and Hong Kong for regulatory reasons on November 3. Along with Ma Yun, a total of 10 individual shareholders of ant group were selected in this year’s China rich list.

Ma Huateng, Tencent’s chief executive, is also a Chinese Internet leader. On this year’s list, Ma’s fortune reached $55.2 billion, up from $38.1 billion a year ago. The wealth of the top 10 people on the new Forbes China rich list is higher than it was a year ago.

The growth of wealth driven by the Internet economy is also reflected in all parts of the list. Huang Zheng, chairman of pinduoduo, an e-commerce website, had a wealth valuation of $30.6 billion from $21.2 billion. Liu qiangdong, chief executive of rival Jingdong, is valued at $20.3 billion from $6.7 billion.

IPO is another driving force for wealth creation, especially in the fields of technology and health care. After the listing of Nongfu Shanquan (09633. SZ), a bottled water company, and Wantai biological (603392. SH), a pharmaceutical company, were listed in China, the fortune of Zhong Zhen, the third largest in the list, has grown to 53.9 billion US dollars, an increase of more than 51 billion US dollars.

Method of making the list:

The shareholding and financial information used in the compilation of this list comes from families and individuals, stock exchanges, analysts and regulators. The value of wealth is calculated using the closing price on October 26 and the middle rate of the RMB against the US dollar. The valuation of unlisted companies is based on the analysis and evaluation of similar listed companies. The mortgaged equity shall be discounted. Unlike the Forbes Global billionaire list, Forbes China’s rich list includes couples involved in the spouse business. In order to compare the achievements of people with similar backgrounds, there are several entrepreneurs who were born in mainland China and created wealth. Some of them are not mainland residents and some are not Chinese nationality. They are also included in this list. For example, Mr. Li is also on the Forbes Singapore rich list. Some estimates also include assets owned by other family members.

Russell Flannery, Maggie Chen, Elaine Mao Celine Chen and Sue radlauer also contributed to this paper. Joe

More reading: Forbes: 2015 global Chinese rich list Wang Jianlin beat Ma Yun to No.1 in mainland China with $24.2 billion Forbes: Xu Jiayin in China’s rich list in 2017, Tencent’s share price reaches a new high China’s Chinese mainland China’s one billion richest number of top 160 billion super rich Li Hejun: the world’s richest list in 2015, with a value of 160 billion yuan, China became the richest Chinese fortune: Li Hejun ranked 165 billion 500 million in 2015 to press Ma Yun to reach the top of the list of rich people. Didi, hungry Mo and other founders are on the Forbes list: Ma Yunchao, Wang Jianlin becomes the richest man in mainland China Forbes: 2015 global rich list Bill Gates continues to be the top Forbes: 2015 global rich list: zachbo ranked No.1 Forbes: 2017 global rich list gates is still the world’s richest Forbes: 2014 China’s rich list Ma Yun, Robin Li and Ma Huateng rank among the top three Hu Run research institutes: the world’s richest list in 2018, Ma Huateng became the richest Chinese scholar Hu Run Research Institute: the world’s richest list in 2017, Shun Feng Wang Wei ranked twenty-fifth in the world.

If you want to get the full report, you can contact us by leaving us the comment. If you think the information here might be helpful to others, please actively share it. If you want others to see your attitude towards this report, please actively comment and discuss it. Please stay tuned to us, we will keep updating as much as possible to record future development trends.