Hurun list: Zong Qinghou recrowned richest man in China 
                 English.news.cn | 2012-09-24 21:50:39 | Editor: Tang Danlu

Xinhua file photo of Zong Qinghou

BEIJING, Sept. 21 (Xinhua) -- Chinese beverage magnate Zong Qinghou, chairman of soft drinks maker Wahaha, has topped the Hurun Rich List 2012 with a personal fortune of 12.6 billion U.S. dollars, said a report on Monday.

It is the second time the 67-year-old Zong has taken the crown after topping the list in 2010, said the report launched by the Shanghai-based Hurun Research Institute. The organization is known for its annual China Rich List.

Following Zong, Wang Jianlin of real estate giant Dalian Wanda, and Li Yanhong of China's search engine firm Baidu gained the list's second and third positions, respectively.

In a year when the Shanghai Stock Exchange fell 23 percent, 469 of the top 1,000 of the Hurun Rich List saw their wealth shrink, according to the report. These were mainly companies from the solar, textiles and retail sectors.

Meanwhile, 291 saw their wealth grow and 114 stayed the same. There were 150 new faces.

"Although this year has seen some significant bloodletting in terms of wealth, it is worth remembering that these entrepreneurs are still up 40 percent on two years ago and almost ten times from ten years ago", said Rupert Hoogewerf, Hurun Report Chairman and Chief Researcher.

Hoogewerf began compiling the China Rich List in 1999.

Related:

China has over 1 mln multimillionaires: Hurun Report

NGHAI, July 31 (Xinhua) -- The latest edition of the Hurun Report issued Tuesday indicated that the number of multimillionaires in China reached 1.02 million as of the end of 2011.

The report said that Chinese individuals with more than 10 million yuan (1.6 million U.S. dollars) broke through the one million mark for the first time.Full story

Hurun launches Global Rich List, 5 Chinese listed

BEIJING, March 6 (Xinhua) -- Eighty-three individuals worldwide with personal fortunes totaling 10 billion U.S. dollars or more have been listed on the Hurun Global Rich List 2012, which was released Tuesday in Beijing.

Carlos Slim, 73, tops the list with a personal fortune of 55 billion U.S. dollars, according to the report launched by the Shanghai-based Hurun Research Institute, which is known for its annual China Rich List.Full story 

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