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Top 5 Richest Billionaires in China

China is one of the most powerful richest countries and the world’s second-largest economy. also, China tops the list in terms of foreign exchange reserves. China is considered to be the world’s factory and the fast-growing economy of the last 30 years has brought China to a unique place. In this article, we are not going to describe China’s economies but going to describe the top 5 richest billionaires in China and their business strategies.  

We may have heard the names of top billionaires like Elon Musk, Jeff Bezos, Bernard Arnault, Bill Gates, Mark Zuckerberg, Warren Buffett but do you know who are the top billionaires in China? 

and what is the source of their business? what kinds of business strategies have they followed? Have they all worked with the same business? Or what kind of influence does someone have in which sectors? Let’s know details about the top 5 richest billionaires in China. 

Top 5 Richest Billionaires in China

#1 Zhong Shanshan

BORN: 1954
NET WORTH: $68.9 Billion (2021 by Forbes)
SOURCE: Beverage & Pharmaceutical
RESIDENCE: Hangzhou, China

Mr. Zhong Shanshan (钟睒睒) is China’s top richest billionaires. Zhong Shanshan has long dominated China’s beverage and pharmaceuticals sectors. He is the founder of Nongfu Spring and Beijing Wantai Biological Pharmacy. He was born in 1954 in Hangzhou, Guangdong Province, China. He dropped out of primary school due to poverty. Then he started working as a construction worker.

Mr. Zhong took the college entrance exam in 1977 and began studying journalism at Zhejiang Radio & TV University. Then he started his career as a reporter for the Zhejiang Daily, where he interviewed more than 500 self-made businessmen, from where he dreamed of creating his own business.

In 1988, he moved to Hainan, China, where he spent a lot of time selling mushrooms, shrimp, and turtles. Later he worked as a sales agent for a company called Wahaha Beverage Company. In 1996, he founded a bottled beverage company in Hangzhou, later renamed the current Nongfu Spring. 

According to Forbes 2021, Mr. Zhong Shanshan is the richest person in China with nearly $68.9 billion in net worth And he become a cult of the beverages and pharmaceuticals sectors in China. Mr. Zhong Shanshan has written his name on the list of the 13th richest person in the world. 

#2 Ma Huateng

BORN: 1971
NET WORTH: $65.8 Billion (2021 by Forbes)
SOURCE: Tencent, Internet Media
RESIDENCE: Shenzhen, China

Mr. Ma Huateng (马化腾) also known as Pony Ma is China’s second-richest billionaire. Ma Huateng is the founder, chairman, and CEO of Tencent, one of Asia’s leading Internet and technology companies. WeChat, QQ, Qzone, Tencent Games, Videos, Pictures, News, Animation, Music, Map, Browser, Mail, Payment System, with its numerous products Ma Huateng’s Tencent Holdings Ltd. has made a huge impact in China and globally.  

In 2007, 2014, and 2018, Time magazine named him one of the most influential people in the world. In 2015, Forbes named him one of the most powerful people in the world. In 2017, Fortune ranked him among the top traders of the year. Even Mr. Ma Huateng was a deputy of the Shenzhen Municipal People’s Congress and a delegate of the Twelfth National People’s Congress of China.

Ma Huateng was born in 1971 in Guangdong Province, China, and studied computer science at Shenzhen University. In 2016, he donated $2.3 billion of his personal Tencent shares to a charitable foundation and become a great philanthropist in China. 

According to Forbes 2021, Mr. Ma Huateng is the second-richest person in China with a net worth of $65.8 billion and he has written his name on the list of the 15th richest people in the world. 

#3 Colin Zheng Huang

BORN: 1980
NET WORTH: $55.3 Billion (2021 by Forbes)
SOURCE: Pinduoduo (E-commerce Company)
RESIDENCE: Shanghai, China

Mr. Colin Zheng Huang (黄峥) is China’s third-richest billionaire. He is the founder and former CEO of E-commerce giant Pinduoduo. Pinduoduo is another cult in China’s e-commerce industry, having established itself as one of China’s most popular and influential e-commerce companies with more than 788 million users in just 5 years. Pinduoduo is the largest agriculture-based E-commerce platform in China.

Mr. Colin Huang was born in 1980 in Hangzhou, Zhejiang Province, China. He studied at Hangzhou Foreign Language School as a secondary school. Then he studied computer science at Zhejiang University, one of the most prestigious universities in China. He went to the University of Wisconsin in the United States for higher studies. At the end of his studies, he did an intern at Google, then worked as a software engineer at Google.

After retiring from Google in 2007, he built an e-commerce site called Ouku, which he sold in 2010 for $2.2 million. In 2015, he created another agriculture-focused e-commerce site called Pinduoduo. Through this platform, consumers can shop directly interacting with farmers and distributors.

Before retiring, Mr. Colin Huang has donated nearly $1.85 billion, which puts him at the top of the Hurun China Philanthropy List 2021. According to Forbes 2021, Mr. Colin Zheng Huang has surpassed Jack Ma and become the 3rd richest man in China with a net worth of $55.3 billion. 

#4 Jack Ma

BORN: 1964
NET WORTH: $48.4 Billion (2021 by Forbes)
SOURCE: Alibaba (E-commerce Company)
RESIDENCE: Hangzhou, China

Mr. Jack Ma (马云) is China’s fourth-richest billionaire. There is nothing new about introducing Jack Ma. He was the co-founder and former chairman of Alibaba Group, also a Chinese business magnate, investor, and philanthropist.

Numerous companies in China including top companies such as Alibaba, AliExpress, Taobao, TMall, 1688.com, Alibaba Cloud, Alipay, Cainiao, Lazada Group, Youku, DingTalk are operated under Jack Ma’s Alibaba Group.

Jack Ma was born in 1964 in Hangzhou, southeastern China. From an early age, he had a keen interest in learning English, for which he cycled 27 kilometers to the tourist area, where he learned and practiced English with foreigners. Even the word “Jack” in his name is given by a tourist.

Jack Ma later took the college entrance exams to get into college, but he failed. He passed the examination for the 3rd time and went to Hangzhou Teacher’s Institute which is now called Hangzhou Normal University where he got admission and graduated from there. Jack Ma applied to Harvard University about 10 times, and each time his application was rejected.

He has not had much success in his career. according to Jack Ma, he has applied for about 30 different jobs and has been rejected by all. He also applied to the Chinese police but was rejected. Not only that, when KFC came to Jack Ma’s City, he also applied there. A total of 24 people applied to KFC, out of which 23 got jobs and one did not get jobs, that person was Jack Ma.

Jack Ma traveled to the United States in 1995 for a Chinese project. And there he became acquainted with computers and the Internet. By the way, computer technology was very rare in China at that time. Jack Ma did his first online search in Mosaic browser by typing “Beer” but he was quite disappointed with the search results, he saw that even though the products of different countries of the world are shown, but Chinese products are not showing. Then he set out to establish an Internet company for China at any cost.

Then in 1999, he founded Alibaba, which is now the world’s largest e-commerce giant. In 2005, Yahoo invested about $1 billion in exchange for a 40% stake in Alibaba, which took Alibaba to another level. After that, Alibaba did not have to lag behind, one revolution after another to bring about changes in the world of technology.

Jack Ma was named one of Forbes “Asia’s 2019 Heroes of Philanthropy” in 2019 to help disadvantaged people in China, Africa, Australia, and the Middle East. Also during COVID-19 of 2020, Jack Ma has provided medical equipment in different countries of the world. He has helped to develop vaccines in China and has always extended a helping hand to various natural disasters.

According to Forbes 2021, Jack Ma is the 4th richest person in China with a net worth of $ 48.4 billion.

#5 Wang Wei

BORN: 1971
NET WORTH: $39 Billion
SOURCE: SF Express (Package Delivery Company)
RESIDENCE: Shenzhen, China

Mr. Wang Wei (王卫) is China’s fifth-richest billionaire. Mr. Wang Wei is a Chinese entrepreneur, founder, and chairman of SF Express, which is China’s second-largest courier company. SF Express is a Chinese multinational delivery services and logistics company based in Shenzhen, Guangdong province.

The SF Express was launched in 1993 by launching services between Hong Kong and Guangdong provinces in China. then In 2010, SF Airlines launched the cargo service, through which the service can reach different parts of the world using their own airplane. About 24 years later- In 2017, SF Express was brought to Shenzhen Stock Exchange. and about 60% of this stock exchange is owned by Mr. Wang Wei.

Mr. Wang was born in Shanghai in 1971. His father was a Russian language translator for the China Air Force. His mother was a university professor and When he was 7 years old, they moved to Hong Kong. Wang Wei completed his primary and secondary education in Hong Kong. The interesting thing is, he had never been to university but went to work in a manufacturing company.

While working in a manufacturing company, he almost saw that the problem of long shipping delays had taken a definite shape. And with this idea in mind, he launched a small courier service with six members to speed up the shipping, and now that courier service has become the 2nd largest package delivery company in China.

According to Forbes 2021, Mr. Wang Wei is the 5th richest person in China with a net worth of $39 billion. 

Know more details about Top 5 Richest Billionaires in China from Forbes official site.

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