Forbes has just updated its China Rich List, showing that the top two is unchanged from last year. Real estate guy Wang Jianlin remains the overall wealthiest thanks to his Wanda Group, with Alibaba co-founder and chairman Jack Ma not too far behind, standing his ground as the richest techie.
Here are the top 10 Chinese billionaires in the tech industry:
1. Jack Ma – US$28.2 billion
- Up from US$21.8 billion last year
- 2nd overall in China
Alibaba’s Jack Ma, pictured earlier today.
Jack Ma’s net worth soared over US$6 billion in the past 12 months, says Forbes’ data. That’s mainly due to Alibaba’s accelerating stock price, which – despite some swerves – is up on its 2014 IPO price.
2. Ma Huateng – US$24.5 billion
- Up from US$17.6 billion last year
- 3rd overall in China
Tencent has risen particularly strongly in 2016 on the back of WeChat’s ongoing growth – even surpassing Alibaba’s market cap. This tech giant is now pegged at US$254 billion, which is a few bil more than Alibaba.
That has given founder and boss Ma Huateng an especially big bump.
3. William Ding – US$15.2 billion
- Up from US$7.2 billion last year
- 5th overall in China
William Ding has pretty much doubled his money and gone well up from 10th on the overall China rich list last year. His firm, Netease, is doing well with online gaming.
4. Robin Li – US$12.6 billion
- Up from US$10.4 billion last year
- 7th overall in China
He’s not joking: Baidu CEO Robin Li unveils ‘smart chopsticks’. Photo credit: Baidu.
Baidu, China’s top search engine, has had a rough year – including a scandal and a lawsuit over the death of a student who bought fake drugs he found via an advertisement in Baidu’s search results.
5. He Xiangjian – US$11.4 billion
- Up from US$9.3 billion last year
- 8th overall in China
He Xiangjian heads Midea, a manufacturer of household appliances. Midea has had a busy year, acquiring Toshiba’s home appliances division and buying out German industrial robot firm Kuka.
6. Zhang Zhidong – US$9.1 billion
- Up from US$6.3 billion last year
- 11th overall in China
The former Tencent CTO is, like Ma Huateng, riding the company’s stock price rocket-ship.
7. Lei Jun – US$8.4 billion
- Down from US$13.2 billion last year
- 12th overall in China
Lei Jun in Beijing. Photo credit: Tech in Asia.
Xiaomi co-founder and CEO Lei Jun was the third richest tech boss last year – but his fortune is suffering as the gadget maker stumbles through a very tough year.
His startup was China’s top smartphone company in 2015, but Xiaomi has quickly been pushed down to fourth as a trio of Chinese rivals come into vogue.
8. Liu Qiangdong – US$6.8 billion
- Down from US$7.8 billion last year
- 16th overall
Liu Qiangdong heads JD, Alibaba’s arch-rival.
9. Zhou Qunfei – US$6.75 billion
- Up from US$5.9 billion last year
- 17th overall
Photo credit: HNwomen.org.cn.
Just like last year, the former glass factory worker turned smartphone screen supremo is the only woman among the top 10 techies. Her company, Lens Technology, has Apple and Samsung on its client list.
10. Lu Guanqiu – US$6.1 billion
- Down from US$7 billion last year
- 21st overall
Wanxiang boss Lu Guanqiu is the owner of Karma, the hybrid-electric automaker formerly known as Fisker that was acquired from its bankrupt American owners. Founded in 1969, Wanxiang makes automotive components.
Converted from Hong Kong dollars. Rate: US$1 = HK$7.75.
This post Jack Ma is still China’s richest techie – and now he’s worth $6b more than last year appeared first on Tech in Asia.
from Tech in Asia https://www.techinasia.com/china-richest-tech-founders-2016-list
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