Wang Chuanfu tops Richest People in China List

The annual "Hurun the Richest People in China List" was released in Beijing on October 13 .Wang Chuanfu, Zhang Yin & family and Xu Rongmao & family came out as the top three richest.

Wang Chuanfu

The list showed that the top 12 richest in China are: Wang Chuanfu (35 billion yuan), Zhang Yin & family (33 billion), Xu Rongmao & family (32 billion), Yang Huiyan (31 billion), Wang Wei &Li Ping couple (30 billion), Liu Yongxing (30 billion), Lo Chi-keung (30 billion), Zhu Mengyi (30 billion), Wang Jianlin (29 billion), Liu Zhongtian (28 billion), Yang Yanbin (28 billion), and Zhang Jindong ( 28 billion).

It is reported in the 2009 Hurun Richest People in China List, that a total of seven entrepreneurs appeared in the top 10 for the first time. 65 entrepreneurs' wealth surpassed 10 billion yuan despite the international financial crisis, and 1000 entrepreneurs in the list own more than a 1 billion yuan fortune.

The average age of entrepreneurs in this year's list is 50. Most of them are male, start from scratch, are born in Zhejiang, started real estate businesses sixteen years ago when they were only 34 years old. They are 15 years younger than people with the same considerable position in the U.S. or Europe, and their wealth increases faster. 94 people in the list are under the age of 40. The youngest self-made billionaires include 36-year-old Chen Tianqiao and Fang Wei, 38-year-old Ma Huateng, Ding Lei and Ding Shizhong.