AFP, Shanghai :
The net worth of China’s ultra-rich surged this year with Evergrande real estate mogul Xu Jiayin’s $43 billion fortune catapulting him to the top, a survey released Thursday said.
An all-time high 2,130 people made the annual ranking of China’s richest individuals compiled by Shanghai-based luxury magazine publisher Hurun Report, which lists all those in China with a net worth of $300 million or more.
An additional 74 people made the list this year, Hurun Report said, adding that the size of the average fortune rose 12.5 percent to $1.2 billion while those in the elite 100 saw their values surge 60 percent.
But not everyone fared so well, with last year’s richest person Wang Jianlin, the head of conglomerate Wanda, tumbling to fifth.
The net worth of China’s ultra-rich surged this year with Evergrande real estate mogul Xu Jiayin’s $43 billion fortune catapulting him to the top, a survey released Thursday said.
An all-time high 2,130 people made the annual ranking of China’s richest individuals compiled by Shanghai-based luxury magazine publisher Hurun Report, which lists all those in China with a net worth of $300 million or more.
An additional 74 people made the list this year, Hurun Report said, adding that the size of the average fortune rose 12.5 percent to $1.2 billion while those in the elite 100 saw their values surge 60 percent.
But not everyone fared so well, with last year’s richest person Wang Jianlin, the head of conglomerate Wanda, tumbling to fifth.
