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Notes on tech

Notes on technology, business, enterpreneurship, economy, markets along with interesting general tidbits.

Billionaires in China

6/05/2006 01:20:00 PM, posted by anand

Bloomberg has a story on China's Billionaires (its a PDF doc). Here are some interesting facts that I found:
  • China has 7 billionaires
  • 400 entrepreneurs with a networth of atleast $60 million
  • 300,000 millionaires
  • Huang Guangyu, founder of Gome Electrical Appliances Holding Ltd, is the richest man in China. Worth $1.7 billion.
  • In Beijing, 1 billion square feet of office and residential space is under construcction. That equivalent of three Manhattans. ( I can attest to this, I saw a lot of construction going on when I visited Beijing earlier this year)
  • China ranks third worldwide in the sale of luxury goods.
Here is the list of the 7 billionaires:
  • Huang Guangyu, worth $1.7 billion. Industry: Retail.
  • Yan Jiehe, worth $1.5 billion. Industry: Construction
  • Chen Tianqiao, worth $1.5 billion. Industry: Internet, online games
  • William Ding, worth $1.3 billion. Industry: Internet, online games
  • Xu Rongmao, worth $1.2 billion. Industry: Real estate
  • Larry Yung, worth $1.1 billion. Industry: Diversified
  • Lu Guangqiu, worth $1.0 billion. Industry: Auto parts
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