China is the only country in the world that seems to challenge the US dominance in the world monetarily. It is the manufacturing capital of the world. This is the reason why there are many multi-billionaires in China. Recently, Forbes released the list of China’s top billionaires. The list has many interesting names including the founder of TikTok’s parent company.
Despite economic slowdown throughout the world, the Chinese economy is still thriving. Mainland China has the second most billionaires in the world. In today’s post, we are discussing who are the top 10 richest men in China in 2023.
List of 10 Richest Men in China in 2023
|1||Zhong Shanshan||$62.7 Billion|
|2||Zhang Yiming||$39.1 Billion|
|3||Colin Zheng Huang||$35.1 Billion|
|4||Ma Huateng||$34.9 Billion|
|5||William Lei Ding||$32.2 Billion|
|6||Jack Ma||$25 Billion|
|7||He Xiangjian||$22.9 Billion|
|8||Wang Chuanfu||$18.3 Billion|
|9||Qin Yinglin||$15.8 Billion|
|10||Wang Wei||$15.1 Billion|
Details of 10 Richest Person in China
1. Zhong Shanshan
|Full Name||Zhong Shanshang|
|Known For||Founder and Chairman of the Nongfu Spring. Owner of Beijing Wantai Biological Pharmacy Enterprise|
|Net Worth||$62.7 Billion|
Zhong Shanshan is by far the wealthiest person in China. As of 2023, his net worth is more than $62 billion. Zhong has had an inspirational journey. Before entering into Business, he was a journalist working at a modest salary. After moving to Hainan, he sold prawns, mushrooms, and turtles. check Top 20 CEOs in the World
His fortune changed when he founded the bottled water company called Nongfu Spring. He quickly jumped up the ladder of success. In 2020, Nongfu Spring issued its Initial Public Offering (IPO) significantly increasing the net worth of Zhong Shanshan.
2. Zhang Yiming
|Full Name||Zhang Yiming|
|Profession||Internet Entrepreneur, and Philanthropist|
|Date of Birth||April 1, 1983|
|Known For||Founder and leader of ByteDace, Creator of Douyin/ TikTok|
|Birthplace||Longyan, Fujian, China|
|Net Worth||$39.1 Billion|
Zhang Yiming is one of the most talked-about personalities from China. He is also one of the richest people in the country with a net worth of more than $39.1 Billion. He is the founder of many iconic companies including TikTok formerly known as Musical.ly. Before starting his entrepreneurial journey, Yiming used to work for Microsoft. 99fang.com was the first company of Zhang Yiming.
3. Colin Zheng Huang
|Full Name||Colin Zheng Huang|
|Profession||Businessman, investor, philanthropist, and software engineer|
|Date of Birth||January 1, 1980|
|Known For||Founder of Google China|
|Net Worth||$35.1 Billion|
Colin Zheng Huang is the man who is credited for expanding Google services in China. However, he is most famous for founding e-commerce company “Pinduoduo”. It is the largest the e-commerce platform in China for agricultural products. He is also an investor with his investments in various other companies. As per Bloomberg, Huang donated $100 million to Starry Night Charitable Trust. check Mark Zuckerberg Net Worth
4. Ma Huateng
|Full Name||Ma Huateng|
|Date of Birth||October 29, 1971|
|Known For||Co-Founder and CEO of Tencent|
|Birthplace||October 29, 1971|
|Net Worth||$34.9 Billion|
Ma Huateng is not only one of the wealthiest but also one of the most influential people in China. He is the CEO and Co-founder of Tencent. Tencent is the company that developed many popular apps including WeChat. In 2015, Forbes Credited Ma Huateng as one of the most powerful persons in the world. According to reports, Huateng owns prime properties in Hong Kong.
5. William Lei Ding
|Full Name||Ding Lei|
|Date of Birth||October 1st 1971|
|Known For||Founder and CEO of NetEase|
|Birthplace||Ningbo, Zhejiang, China|
|Net Worth||$32.2 Billion|
Ding Lei also known as William Ding is a Chinese billionaire known for founding NetEase. He has been one of the richest people in China since the last decades. He was the country’s first internet and gaming billionaire. As per experts, Ding Lei played an important role in shaping China’s Internet industry. Check Satya Nadella Net Worth
6. Jack Ma
|Full Name||Jack Ma Yun|
|Profession||Businessman, Investor, Philanthropist|
|Date of Birth||September 10, 1964|
|Known For||Co-Founder of Alibaba Group|
|Birthplace||Hangzhou, Zhejiang, China|
|Net Worth||$25 Billion|
The co-founder of Alibaba Group, Jack Ma is in the 6th position on our list of richest persons in China in 2023. He is a business champion as well as a philanthropist. Apart from Alibaba, Jack Ma is also associated with other companies like Yunfeng Capital. Known for his dynamic personality, Ma is one of the most influential business figures in the world.
7. He Xiangjian
|Full Name||He Xiangjian|
|Date of Birth||October 5, 1942|
|Known For||Co-Founder of Midea|
|Birthplace||Shunde, Foshan, Guangdong|
|Net Worth||$22.9 Billion|
The co-founder of Midea, He Xiangjian is one of the top businessmen in China. He started Midea as a lid production company in 1968 in Beijiao, Guangdong. Xiangjjian is also a famous art collector. He founded the He Art Museum, which is one of the few privately funded non-profit museums in China.
8. Wang Chuanfu
|Full Name||Wang Chuanfu|
|Profession||Chemist, and Businessman|
|Date of Birth||April 8, 1966|
|Known For||Founder and CEO of BYD Company|
|Birthplace||Wuwei County, Anhui, China|
|Net Worth||$18.3 Billion|
Wang Chuanfu is the founder and chairman of BYD Company Limited. It is a top company that focuses on manufacturing electrical vehicles and renewable energy solutions. Chuanfu started his career as a government-funded researcher before founding BYD Company in 1995. In the last few years, the wealth of Wang Chuanfu doubled due to a massive increase in BYD’s share price. check Jensen Huang Net Worth
9. Qin Yinglin
|Full Name||Qin Yinglin|
|Known For||Founder and Chairperson of Muyuan Foodstuff|
|Birthplace||Neixiang County, Nanyang, Henan, China|
|Net Worth||$15.8 Billion|
Qin Yinglin is a billionaire and the chairman of Muyuan Foodstuff Co., Ltd. It is one of the largest pig breeding companies in China. Qin proved to the world that you can still be rich while associated with farming. He has taken animal husbandry to the next level at the same time following an innovative approach in business.
10. Wang Wei
|Full Name||Wang Wei|
|Known For||Founder of S.F. Holding|
|Net Worth||$15.1 Billion|
Wang Wei is a self-made billionaire who has transformed the world of package delivery. He is the chairperson of S.F. Holding. The company is known for its delivery brand SF Express. Through his leadership, SF Holding has become a dominant force in China’s express delivery market, offering efficient and reliable services to millions of customers.
Frequently Asked Questions
As per the latest data, the richest man in China is Zhong Shanshan, founder of Nongfu Spring.
The net worth of Zhong Shanshan is $62.7 Billion.
Yes, most of the billionaires listed in this article are involved in Philanthropy.
Yes, as per the latest Forbes report, he is the 6th richest person in China.