Zhong Shanshan, who owns bottled water company Nongfu Spring, has topped the list of China’s richest people, according to a report from the Hurun Research Institute.
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Zhong Shanshan, 68, tops the list of the richest Chinese for the second year in a row. His fortune for the year increased by 17 percent to 65 billion dollars.
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In second place, with a net worth of $35 billion, is the 39-year-old founder of ByteDance, which owns the TikTok app, Zhang Yiming. Over the past year, his fortune has decreased by 28%.
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The third position was occupied by the “king of batteries”, the founder of the largest Chinese manufacturer of fuel cells and lithium-ion batteries CATL, 54-year-old Zeng Yuqun, with a fortune of $ 32.9 billion, he became poorer by 28% in a year.
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The founder of the largest Chinese Internet company Alibaba Group, 58-year-old Jack Ma, who was recognized as China’s richest man in 2020, this year is only in ninth place with a fortune of $ 25.7 billion, he became poorer by 29% in a year. In the 2021 list, Jack Ma ranked fifth.
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In 2022, the number of people in China worth over $10 billion dropped by 29 to 56, according to Hurun data. The total number of dollar billionaires dropped by 239 to 946. The number of people whose wealth exceeds five billion yuan (about $710 million) fell by 11% to 1,305. Their total wealth fell by 18% over the year to $3.5 trillion.
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The rating was compiled according to the data as of September 15.
