Zong Qinghou, the richest man in China for 2010
If you’ve ever wanted a nice breakdown of the wealthy upper crust of China, just refer to Forbes. The magazine has just released its China’s 400 Richest list and it seems like the rich just can’t stop getting richer in this country.
Of the 400 listed, 128 of them are billionaires, which is a big jump from last year’s 79. There were more than 100 new faces this year, even though they raised the minimum amount of wealth needed to make the list to $425 million, up from last year’s $300 million.
So who is the richest of them all? That would be Zong Qinghou of Wahaha Group Beverages with 8 billion in assets. Robin Li, the founder of web search engine, Baidu, came in second with a net worth of 7.2 billion.
Forbes reports that there were several visible trends in the list. Pharmaceuticals industry did pretty well, evidenced by the 40 plus members who made their fortunes there. However, it was the exact opposite for real estate which has seen a remarkable slowing down because of the government efforts to cap off property prices. Lu Zhiqiang of Oceanwide Construction and other real estate moguls felt that, Forbes says, with Lu falling from the spot number 16 down to the 31st place.
Number 31? Gee, his life must be terrible.