 China's building boom has enriched property developers |
The number of Chinese billionaires has more than doubled in the past year, according to a survey. Forbes Asia magazine's annual Chinese rich list found that there are now 10 US dollar billionaires in China compared with three a year ago.
China's economy has been expanding rapidly, boosting the personal wealth of the country's leading entrepreneurs.
Businessman Larry Rong Zhijian remains China's richest man, with an estimated fortune of $1.64bn (�929m).
The son of former Chinese vice premier Rong Yiren is chairman of Hong Kong-based investment firm China International Trust and Investment Corporation.
Property boom
 | CHINA'S RICHEST Larry Rong Zhijian: $1.6bn Zhu Mengyi: $1.4bn William Ding Lei: $1.27bn Wong Kwong Yu: $1.25bn Source: Forbes |
The combined wealth of China's 100 richest people now exceeds $41bn, the survey found, compared with $29bn a year ago.
The construction boom of recent years has enriched a host of property developers headed by Zhu Mengyi, China's second richest man with an estimated fortune of $1.4bn.
Other businessmen featuring in the list include William Ding Lei, founder of US-listed business Netease.com, and Wong Kwong Yu, founder of electronics retailer GoMe Appliances.
"Brisk economic growth and a huge appetite among foreigners for Chinese investments helped to propel the wealth of China's richest people in the past 12 months," Forbes Asia said.
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