China’s top 10 richest men list 2023, net worth, business model and other details are discussed on this page. China’s economy has continued to grow steadily in recent years. More and more entrepreneurs and investors are entering the country’s markets.
The richest man in China 2023
This growth has led to the rise of new business moguls and the continued dominance of those who have been at the top for years. In 2023, the 10 richest men in China will come from many fields, including e-commerce, technology, real estate and consumer goods.
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His wealth ranges from 22,000 to 68,000 million dollars. Read on to find out more about the richest man in China 2023.
The 10 richest men in China in 2023
#1. Jack Ma: Net worth: $68 billion
Jack Ma is one of China’s best-known business leaders and founder of Alibaba Group, one of the largest e-commerce companies in the world. Ma founded the company in 1999 with the vision of connecting Chinese manufacturers with foreign buyers and has since built Alibaba into a global giant with operations in several countries.
Ma is known for his charismatic leadership style and focus on innovation and entrepreneurship. He has also been active in philanthropy and education, including the creation of the Jack Ma Foundation, which supports education, environmental protection and public health initiatives. As of 2023, he has a net worth of $68 billion, making him one of the richest men in China and the world.
#2. Ma Huateng: Net worth: $55 billion
Ma Huateng, also known as Pony Ma, is the founder and CEO of Tencent Holdings, one of China’s largest technology companies. She founded Tencent in 1998, focusing on providing value-added Internet services such as online games and social networking. Under Ma’s leadership, Tencent has become one of the most valuable technology companies in the world, with a market capitalization of more than $1 trillion.
Ma is known for his innovative approach to business and focus on user experience, which has helped Tencent develop popular products like WeChat and QQ. As of 2023, he has a net worth of $55 billion, making him one of the richest men in China.
#3. Colin Huang: Net worth: $46 billion
Colin Huang founded Pinduoduo, a fast-growing Chinese e-commerce company that has quickly become one of the country’s largest online marketplaces. Huang founded the company in 2015 and focused on delivering an innovative and accessible social shopping experience to all Chinese consumers.
Pinduoduo’s unique business model of combining group buying and social media has helped it grow rapidly, making it one of the fastest growing tech companies in the world. As of 2023, Huang’s net worth is $46 billion, making him one of the richest men in China and one of the world’s youngest billionaires.
#4. Zhong Shanshan: net worth: $42 billion
Zhong Shanshan is the founder and president of Nongfu Spring, a Chinese bottled water and beverage company. He founded the Beijing Wantai Biological Pharmacy Enterprise, a producer of vaccines and medical diagnostics. Shanshan became the richest person in China in 2020, surpassing Jack Ma and Pony Ma.
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Nongfu Spring has become a household name in China, with a market share of more than 25% in the country’s bottled water market. The company has expanded its product line to include tea, juices and other beverages. In 2020, Shanshan’s Beijing Wantai organic pharmacy company went public and became a billionaire overnight. As of 2023, he has a net worth of $42 billion, making him one of the richest men in China.
#5. Wang Xing: net worth: $33 billion
Meituan Dianping is a Chinese technology platform that offers various services such as food delivery, hotel and vacation booking, and more. Wang Xing founded Meituan Dianping and is the company’s CEO. Meituan Dianping is China’s leading online and offline (O2O) service provider. The company uses its platform to link customers with businesses in the neighborhood.
In 2010, Xing founded the company and has since grown it into a major player in China’s technology market. He is known for his forward-thinking business approach and focus on creating value for clients and businesses. One of the richest men in China in 2023, Xing’s current net worth is estimated at $33 billion.
#6. He Xiangjian: net worth: $29 billion
Midea Group is a Chinese firm that manufactures various types of home appliances. He Xiangjian is the founder of the company. He started the business in 1968 with nothing more than a modest workshop. Since then, it has expanded to become one of the most successful home appliance manufacturers in the world, with businesses in more than 200 countries.
The Midea Group produces various products, such as air conditioners, refrigerators, and washing machines. He is known for the no-nonsense management style he employs, as well as his emphasis on innovation and product quality. He has a net worth of $29 billion as of 2023.
#7. Xu Jiayin: Net worth: $28 billion
Evergrande Group is a Chinese property developer and Xu Jiayin, also known as Hui Ka Yan, is the company’s president. He started the business in 1996 and has since developed it into one of the leading property developers in China. The company’s main areas of concentration include residential, commercial and industrial construction projects.
The Evergrande Group has expanded into other industries, including healthcare, electric vehicles and soccer club ownership. Evergrande Group has achieved rapid development and success mainly thanks to Xu’s contributions. Receive recognition for having an ambitious vision and emphasis on innovation. His wealth, estimated at $28 billion in 2023, ranks him among the five richest people in China.
#8. William Lei Ding: net worth: $26 billion
William Lei Ding is the founder and CEO of NetEase, one of China’s largest Internet and online gaming companies. He founded NetEase in 1997 and has built the company into a leading player in China’s technology industry, focusing on online gaming, e-commerce and Internet services.
NetEase is the operator of several popular online games in China, including Fantasy Westward Journey and Westward Journey Online II, which have helped the company achieve sustained growth over the years. Ding is known for his thought leadership and has received numerous awards and recognition for his contributions to the industry. As of 2023, he has a net worth of $26 billion, making him one of the richest men in China.
#9. Zhang Yiming: net worth: 24 billion US dollars
Zhang Yiming is the founder and CEO of ByteDance, a Chinese technology company best known for its popular video-sharing app, TikTok. ByteDance has also developed other successful apps, including Toutiao, a news aggregator, and Douyin, the Chinese version of TikTok.
Yiming founded the company in 2012 and has since built it into one of the most valuable tech startups in the world, with a valuation of more than $100 billion. He is known for his focus on the user experience and his ability to innovate.
#10. Yang Huiyan: Net worth: $22 billion
Yang Huiyan is the majority shareholder of Country Garden Holdings, a Chinese real estate development company. She inherited a majority stake in the company from her father, Yang Guoqiang, who founded Country Garden in 1997. Yang Huiyan became China’s richest woman at age 25 in 2007, thanks to the company’s rapid growth.
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Since then, Country Garden has become one of the largest and most successful real estate developers in China, focusing on residential projects. Yang Huiyan is known for her low profile and her philanthropic efforts.
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