Wednesday the annual National People Congress (NPC) gathers in Beijing, and among them 31 billionaires, according to the Hurun Rich List founded by Rupert Hoogewerf in the Hong Kong Standard. The NPC counts close to 3,000 delegates.
The richest person in mainland China, property magnate Wang, shot up to 26th spot on the global list. His net worth doubled over the past year to US$25 billion. He ranked 72nd last year, according to the report.
Hurun Report chairman Rupert Hoogewerf said 90 Chinese billionaires held “senior political advisory positions,’’ including 31 delegates to the National People’s Congress, and three representatives to the last Communist Party Congress.
But inclusion on a Hurun rich list can be a mixed blessing for wealthy Chinese, intensifying public and government scrutiny of them and their companies.
Some have subsequently been investigated or imprisoned, among them Huang Guangyu, named China’s highest net worth individual three times, most recently in 2008…Dalian Wanda Group Chairman Wang Jianlin ranked the wealthiest in China after he doubled his assets to US$25 billion last year. He took the top spot among 358 other US dollar billionaires in the country, a survey found.
Wang’s became wealthier as Asia experienced a billionaire boom last year. During the period, more than 200 people from the continent accumulated wealth that passed into 10 figures, the Hurun Report said in its global rich list, AFP reports.
A total of 824 Asians were included among the 1,867 named as US dollar billionaires on the list.
More in the Hong Kong Standard.
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