Tencent CEO Pony Ma became the richest man in China for the first time, with wealth decreasing by 7% in the past two months to RMB 290 billion, a report by Hurun Research Institute showed today.
Alibaba founder Jack Ma saw his wealth decreased by 9% in the past two months to RMB 290 billion, the same as Pony Ma to also rank No. 1.
Hurun Research Institute today released Wealth Impact 2mths after Covid-19 Outbreak, which studied the wealth changes of entrepreneurs on the Hurun Global Rich List for the two months ended March 31, 2020 and announced the latest "Hurun "Top 100 Global Entrepreneurs" list.
The global top 100 entrepreneurs lost 2.6 trillion yuan of wealth in the past two months, or 13%, which evaporates the wealth created in the past two and a half years; the top ten lose 1.4 trillion yuan.
Yuan Zheng, a 50-year-old from the video conferencing platform zoom, saw the fastest wealth growth in the past two months, up 77% to 56.5 billion yuan. Only nine of the top 100 have grown their wealth in the past two months, all from China.
Two of the top five largest gainers in the top 100 are Chinese pork producers: New Hope Liu Yonghao's wealth increased by 20% to 105 billion yuan; Qin Yinglin and his wife Qian Ying from Muyuan increased by 16% to reach RMB 155 billion.
Amazon CEO Jeff Bezos is still the richest man in the world, but his wealth has decreased by 50 billion and currently has 930 billion yuan.
After the news of performance fraud, Luckin Coffee's stock price fell 90% last week. 51-year-old Lu Zhengyao and 43-year-old Qian Zhiya have less than a billion dollars in wealth.
