Jack Ma of Alibaba richest IT man for second year running with US$21.1bn, ahead of Pony Ma of Tencent
Lei Jun of Xiaomi overtakes Robin Li of Baidu for third spot
Leading private equity house ChinaEquity title sponsor ofHurunIT Rich List 2015
Jack Ma, 51, of Alibabais China richest IT tycoon for the second time with US$21.1bn, followed by ‘WeChat King’ Pony Ma Huateng, 44, US$16.1bn. Lei Jun of Xiaomi, 46, doubles wealth to overtake Robin Li Yanhongfor first time to third place with US$14bn.
IT is the fastest-growing source of wealth for China. 11.2% of the Hurun Rich Listmade their money from IT, up from 7.8% last year. ‘Stock Trading King’ Qi Shi of Eastmoney, 45, shot into the Top 10 for the first time, after five-fold increase in his wealth.
Cut-off to make the Top 50 shot up 72% to US$1.3bn,twenty times that of a decade ago and four times that of 5 years ago. This meant that the likes of Ren Zhengfei of Huawei, Yang Yuanqing of Lenovo, as well as rising stars such as Cheng Wei of DidiKuadi,Wang Xing and Zhang Tao ofMeituan and Dianping did not make the cut.
Youngest billionaires. 4 of the Top 50 are born in the eighties, led by ‘Drone King’ Frank Wang Tao, 35, of DJI-Innovations with US$3.4bn, He Zhitao of Liaison Interactive, 33, Lin Qi of Youzu, 34, and Yu Xin of Rapoo.
New Faces. There were 12 new faces, 3 less than last year. Zhou Guohui of Eternal Asia was the highest-ranked new face, shooting straight into 13th place with US$4.06bn.
Headquarters. Shenzhen and Beijing are the IT capitals of China, with 14 and 13 respectively, followed by Hangzhou on 6, which overtook Shanghai.
Birthplace. Those born in Guangdong took back their crown with 7 individuals on the Top 50, 3 more than last year, pushing those born in Zhejiang and last year’s champions Anhui, into second and third places.
Sub-sector. Software and information services led the way, with 12, one more than last year, led by Qi Shi. E-commerce overtook online games to come in second, with 8.
Only 5 of the Top 50 have been on the IT Rich List for 13 consecutive years, led by the BAT founders, as well as Wang Wenjing and Ding Lei.Jack Ma’s wealth has shot up 500 times since the first IT list in 2003. Chen Tianqiaodropped off the IT Rich List for the first time, after selling his business and cashing out a billion dollars.
Political appointment.5 are either delegates to the 12th National People’s Congress (3 individuals) or the CPPCC (2 individuals), slightly less than the 11.3% average of theHurun China Rich List 2015. NPC: Lei Jun, Wang Wenjing and Pony Ma Huateng. CPPCC:Li Yanhong and Wang Jia. Jack Ma is a conspicuous absentee.
Women. 17 women made the list, 3 more than last year.
Social Network Influence. Jack Ma has almost 20 million fans onWeibo, while Lei Jun and Zhou Hongyi have 10 million each.
Leading private equity house ChinaEquity Group is title sponsor of the IT Rich List for the first time.
(23 October 2015, Beijing) Following on from the release of the Hurun Rich List 2015 on 15 October, the Hurun Research Institute today released the ChinaEquityHurun IT Rich List 2015, a ranking of the 50 most successful IT entrepreneurs in China. 2015 is the 13th edition of theIT Rich List, which only takes into account wealth held today in China’s IT sector. Wealth calculations are a snapshot of 14 August 2015.
This is a summary of the Chinese language press release, which can be found on
Rupert Hoogewerf, Hurun Report Chairman and Chief Researcher said, "China’s IT giants are now moving towards global leadership in their sectors, not just because of the scale possible in a country of 1.3 billion, but also because of the innovation and leadership of the entrepreneurs behind companies like Alibaba and Tencent. I am delighted to put out the IT Rich List 2015in association with ChinaEquity Group, a leading promoter of China’s IT sector for the past decade and more.”
Wang Chaoyong, Chairman of ChinaEquity said, “IT has played a transformational role in the image of China, with the likes of BAT [Baidu, Alibaba and Tencent] now representing China at the international table and a host of young IT entrepreneurs following on behind. I am delighted to partner with Hurun Report, the world’s leading expert on Chinese entrepreneurship, on this year’s IT Rich List.”
Top 10
Average wealth of the Top 10 doubled. Lei Jun overtook perennial Top 3 player and a former Number One on the IT Rich List Robin Li of Baidu to third spot. New entries into the Top 10 were Wang Jing of Xinwei and Qi Shi of Eastmoney. It is worth pointing out that between the cut-off date of mid-August and today, Wang, who is best-known for his commitment to building a canal in Nicaragua in competition to the Panama Canal, has seen his wealth decrease by 40%.
At 51, Jack Ma is the oldest of the Top 10. Ma lost his crown of Richest Man in China to real estate tycoon Wang Jianlin this year on the Hurun Rich List, mainly due to a drop in the share price of Alibaba but propped up by the continued rise of Ant Financial, the mother company of online payments giant Alipay. Ant Financial is warming up to become one of the most anticipated listings of the next year, after a further investment round in July valuing it US$45bn. Ma was appointed business advisor to the UK Prime Minister a couple of days back.
Name / Wealth US$m / Change in Wealth / Company / Age / Headquarters1 - / Ma Yun & family / 21,100 / -5% / Alibaba, Ant Financial / 51 / Hangzhou
2 - / Pony Ma / 16,100 / 4% / Tencent / 44 / Shenzhen
3↑ / Lei Jun / 14,000 / 129% / Xiaomi Technology / 46 / Beijing
4 ↓ / Li Yanhong & Ma Dongmin / 11,900 / -28% / Baidu / 47, 45 / Beijing
5↑ / William Ding / 7,300 / 48% / Netease / 44 / Guangzhou
6↓ / Liu Qiangdong / 6,700 / -17% / JD / 41 / Beijing
7 * / Wang Jing / 6,200 / 354% / Xinwei Telecom / 43 / Beijing
7 ↑ / JiaYueting / 6,200 / 108% / Letv / 42 / Beijing
9↓ / Zhang Zhidong / 5,800 / 9% / Tencent / 43 / Shenzhen
10 * / Qi Shi & family / 4,500 / 494% / Eastmoney / 45 / Shanghai
Source: ChinaEquityHurunIT Rich List
↑ Rank increase yoy ↓ Rank decrease yoy - No Rank change yoy * New to top 10
12 New faces
Rank / Name / Wealth US$m / Company / Industry / Headquarters / Age13 / Zhou Guohui / 4,060 / Eternal Asia / Supply-chain management / Guangdong / 50
16 / Wang Tao / 3,400 / DJI-Innovations / Drones / Guangdong / 35
18 / Zhou Yahui & Li Qiong / 3,000 / Kunlun Tech / IT / Beijing / 38, \
25 / Yi Zheng / 2,100 / HithinkRoyalFlush Information Network / Software / Zhejiang / 45
27 / GengDiangen / 2,000 / Sinnet Technology / Internet integrated services / Beijing / 59
35 / Chen Chichang & Lin Xiaoya / 1,600 / Qtone Education / TMT / Guangdong / 44, 43
37 / Wang Jia & Yan Li / 1,560 / venustech / IT / Beijing / 48, 47
37 / Xiao Fen / 1,560 / Fenda / Audio technology, electronic / Guangdong / 53
40 / Hu Gang / 1,550 / Newland Group / IT / Fujian / 57
46 / Tang Jian & Liu Cuiying / 1,330 / Jieshun Science and Technology / TMT / Guangdong / 59, 58
49 / He Zhitao / 1,280 / Liaison Interactive / IT / Zhejiang / 33
50 / Chen Baozhen / 1,270 / ChinaNetCenter / IT / Shanghai / 72
Source: ChinaEquityHurun IT Rich List
Headquarters & Birthplaces
Headquarter / Number of indiv. (Change yoy) / Birthplace / Number of indiv. (Change yoy)1 - / Guangdong / 19 (+1) / 1↑ / Guangdong / 7 (+3)
2 - / Beijing / 13 (-3) / 2↑ / Zhejiang / 6 (+1)
3↑ / Zhejiang / 6 (+2) / 3↓ / Jiangsu / 5 (-1)
4↓ / Shanghai / 5 (-1) / 3↓ / Anhui / 5 (-2)
5↓ / Jiangsu / 2 (-2) / 5↓ / Hubei / 2 (-1)
6 - / Xinjiang / 1 (0) / 5↓ / Shanxi / 2 (-1)
6 - / Shandong / 1 (0) / 5↑ / Shandong / 2 (0)
6 - / Anhui / 1 (0) / 5↑ / Shanghai / 2 (0)
6 - / Henan / 1 (0) / 9↓ / Sichuan / 1 (-1)
6 * / Fujian / 1 (+1) / 9↑ / Hunan / 1 (0)
9↑ / Jiangxi / 1 (0)
9 * / Fujian / 1 (+1)
9 * / Yunnan / 1 (+1)
9 * / Beijing / 1 (+1)
Source: ChinaEquityHurun IT Rich List
↑ Rank increase yoy ↓ Rank decrease yoy - No Rank change yoy ※New on the list
13 consecutive years on the list
Only five individuals have made the list for 13 years consecutively. Ding Lei of Netease, who has the first IT entrepreneur in China to head the Hurun Rich List in 2003, has only grown six fold in the same space of time.
Name / Wealth in 2015(US$m) / Increase multiple1 / Ma Yun & family / 21,100 / 540
2 / Pony Ma / 16,100 / 147
3 / Li Yanhong / 11,900 / 190
4 / William Ding / 7,300 / 6
5 / Wang Wenjing / 3,800 / 44
Source: ChinaEquityHurun IT Rich List
Largest market caps
Company / Market Value(US$bn)1 / Alibaba / 185
2 / Tencent / 173
3 / Baidu / 130
4 / Xiaomi Technology / 45
4 / Ant Financial / 45
Source: ChinaEquityHurunIT Rich List
Historical stats
Jack Ma is the fifth person to hold the crown of Richest Tech Tycoon in China for two years running. The others being Ding Lei, Chen Tianqiao, Li Yanhong and Ma Huateng.
Year / Number of indiv. / Number one2003 / 50 / William Ding
2004 / 50 / Chen Tianqiao
2005 / 53 / Chen Tianqiao
2006 / 50 / William Ding
2007 / 50 / Li Yanhong
2008 / 50 / Li Yanhong
2009 / 50 / Pony Ma
2010 / 51 / Li Yanhong
2011 / 51 / Li Yanhong
2012 / 52 / Li Yanhong
2013 / 50 / Pony Ma
2014 / 53 / Jack Ma & family
2015 / 50 / Jack Ma & family
Source: ChinaEquityHurunIT Rich List
ChinaEquityHurun IT Rich List 2015
Rank / Change in Rank / Name / Wealth US$m / Change in Wealth / Company / Industry / Headquarters / Age1 / 0 / Ma Yun & family / 21,100 / -5% / Alibaba, Ant Financial / IT / Zhejiang / 51
2 / 0 / Pony Ma / 16,100 / 4% / Tencent / IT / Guangdong / 44
3 / 2 / Lei Jun / 14,000 / 129% / Xiaomi Technology / Mobile phone, investments / Beijing / 46
4 / -1 / Li Yanhong & Ma Dongmin / 11,900 / -28% / Baidu / IT / Beijing / 47, 45
5 / 2 / William Ding / 7,300 / 48% / Netease / IT / Guangdong / 44
6 / -2 / Liu Qiangdong / 6,700 / -17% / JD COM / E-commerce / Beijing / 41
7 / 19 / Wang Jing / 6,200 / 354% / Xinwei Telecom / Telecoms / Beijing / 43
7 / 2 / JiaYueting / 6,200 / 108% / Letv / Telecoms, IT / Beijing / 42
9 / -3 / Zhang Zhidong / 5,800 / 9% / Tencent / IT / Guangdong / 43
10 / 39 / Qi Shi & family / 4,500 / 494% / Eastmoney / Information Service / Shanghai / 45
11 / 5 / Li Zhongchu & Jiao Meirong / 4,300 / 129% / Shiji Information Technology / IT / Beijing / 53, \
12 / -1 / Gong Hongjia & Chen Chunmei / 4,100 / 71% / Hikvision Digital Technology / Video surveillance products / Zhejiang / 50, 50
13 / New / Zhou Guohui / 4,060 / New / Eternal Asia / Supply-chain management / Guangdong / 50
14 / 15 / Wang Wenjing / 3,800 / 196% / Yonyou / Software / Beijing / 51
15 / 5 / Cai Dongqing & family / 3,700 / 124% / Alpha Animation / Animation / Guangdong / 46
16 / New / Wang Tao / 3,400 / New / DJI-Innovations / Drones / Guangdong / 35
17 / -2 / XueXiangdong & family / 3,200 / 62% / DHC Digital Technology / Software / Beijing / 56
18 / New / Zhou Yahui & Li Qiong / 3,000 / New / Kunlun Tech / IT / Beijing / 38, \
18 / -10 / Jiang Bin & Hu Shuangmei / 3,000 / 0% / GoerTek / IT / Shandong / 49, 50
20 / 14 / Zhang Changhong / 2,700 / 67% / Dazhihui / Data services / Shanghai / 57
21 / -11 / Pan Zhengmin & Wu Chunyuan / 2,600 / -11% / AAC Acoustic Technologies / Acoustics / Guangdong / 48, \
22 / -10 / Wang Chuanfu / 2,500 / 14% / BYD / Car manufacturing, batteries / Guangdong / 49
23 / 21 / Zeng Hao & Yu Xin / 2,400 / 192% / Rapoo / Mouse / Guangdong / 44, 34
24 / 19 / Tian Ming / 2,300 / 169% / Meyer / Electronic device, optoelectronic / Anhui / 62
25 / New / Yi Zheng / 2,100 / New / HithinkRoyalFlush Information Network / Software / Zhejiang / 45
25 / -12 / Fu Liquan & Chen Ailing / 2,100 / 4% / Dahua Technology / Software / Zhejiang / 48, 48
27 / New / GengDiangen / 2,000 / New / Sinnet Technology / Internet integrated services / Beijing / 59
27 / -7 / LyuXiangyang & Zhang Changhong / 2,000 / 19% / Guangzhou Youngy / Investments / Guangdong / 53, 54
29 / 21 / Xu Ziquan & Kang Ning / 1,900 / 155% / Jetsen / IT / Beijing / 56, \
29 / 2 / Jiang Nanchun / 1,900 / 71% / Focus Media / Digital new media, investments / Shanghai / 42
31 / 13 / Wan Yongxing / 1,800 / 117% / China Coal Solution / Coal supply chain management / Henan / 44
31 / -4 / Wang Laichun / 1,800 / 40% / LuxsharePrecision / Computer connectors / Guangdong / 48
31 / -4 / Wang Laisheng / 1,800 / 40% / Luxshare Precision / Computer connectors / Guangdong / 51
34 / -11 / XieShihuang / 1,700 / 38% / Alibaba / IT / Zhejiang / 45
35 / New / Chen Chichang & Lin Xiaoya / 1,600 / New / Qtone Education / TMT / Guangdong / 44, 43
35 / -16 / Eric Shen Ya / 1,600 / -6% / Vipshop / B2C online retail / Guangdong / 44
37 / New / Wang Jia & Yan Li / 1,560 / New / venustech / IT / Beijing / 48, 47
37 / New / Xiao Fen / 1,560 / New / Fenda / Audio technology, electronic / Guangdong / 53
37 / 2 / Chen Qixing / 1,560 / 79% / Changying Investment / Information technology / Guangdong / 56
40 / New / Hu Gang / 1,550 / New / Newland Group / IT / Fujian / 57
41 / -2 / Liang Guangwei / 1,500 / 71% / Huaqiang / High-tech information service, culture, real estate / Guangdong / 52
41 / -11 / Gu Wei / 1,500 / 28% / MTC / Digital products / Xinjiang / 50
43 / -18 / Sun Shangchuan & Liu Wei / 1,470 / 2% / Tatfook / Communications equipment / Guangdong / 52, \
44 / 3 / Shen Xiaoping & family / 1,450 / 86% / Tongding / Cable / Jiangsu / 52
45 / -1 / Lin Qi / 1,410 / 70% / Youzu / Network game / Shanghai / 34
46 / New / Tang Jian & Liu Cuiying / 1,330 / New / Jieshun Science and Technology / TMT / Guangdong / 59, 58
47 / -12 / Lu Yonghua & Mao Caihong / 1,300 / 36% / Linyang Electronics / Electronic energy meter / Jiangsu / 52
47 / -34 / Zhou Hongyi / 1,300 / -37% / Qihoo / Software / Beijing / 45
49 / New / He Zhitao / 1,280 / New / Liaison Interactive / IT / Zhejiang / 33
50 / New / Chen Baozhen / 1,270 / New / ChinaNetCenter / IT / Shanghai / 72
About ChinaEquity
ChinaEquity is one of China’s earliest independent VC/PE firm and has evolved into one of top 20 PEs in China
Founded in 1999 by Mr. Chaoyong Wang, former Head of Morgan Stanley China and Senior Investment Advisor of China Development Bank, with 28 years of remarkable international and domestic financing and investment experiences
Successfully managed 10 PE/VC funds with a total capital of more than 1.2 billion USD and 4 billion RMB. ChinaEquity has invested more than 70 companies in various industries, including China Internet Giants - Baidu and Sohu, China’s largest media group - Huayi Brothers, the “God Father” of China’s Fashion Industry - Tony Studio, China’s leading education service provider – Longwen Education, etc.
Specialized in cross-border investment. The most recent portfolio is co-investing with InvestIndustrial, one of leading Europe Investment Groups, in Aston Martin. We helped the company reshape its business strategy and construct partnerships in China; as a result, Aston Martin grew its deliveries to customers by 44% in 2013
Strong and durable relationship with Chinese government, Financial Regulatory Authorities, commercial banks and other State-owned enterprises
Founder of China Team, the first and only yacht team authorized by Chinese government representing China to challenge the America’s Cup
Founder of China Grand Rally, the No.1 Rally Race in China supported by General Administration of Sport of China
Top 10 Venture Capital USD Funds Managers in Greater China Region of 2014
-- By China Venture Capital and Private Equity Association (CVCA), a member based trade organization in the Greater China Region
Top 50 Venture Capital Firms in China of 2014
--By Zero2IPO Group
Best Private Equity Firms in China of 2014
--By ForbesChina.com
Top 20 Private Equity Firms in China of 2013
Top 10 Foreign-Capital Private Equity Firms in China of 2013
---By ChinaVenture Group, China’s most powerful research institution in VC/PE
Top 20 Most Valuable GP in China of 2013
-- By China Limited Partners Associates (CLPA), an influential LP network in China
Top 50 Venture Capital Firm in China of 2013
--By Zero2IPO Group, a leading integrated service provider in China’s PE industry
About Hurun Report Inc.
China’s Leading Business and Luxury Lifestyle Media Platform since 1999
Nobody Knows China’s Rich Better!
Established as a research unit in 1999, Hurun Report Inc. has grown into a leading business and lifestyle media platform targeted at China’s high worth individuals, on the back of its flagship Hurun China Rich List and, since 2012, its Hurun Global Rich List. Headquartered in Shanghai, Hurun Report has offices in Beijing, Guangzhou, Chengdu, Sanya, Hong Kong, London, Los Angeles, Chicago and Cochin, Kerala in India.
Hurun Research has grown to rank the richest individuals of China and India. In 2015, the Hurun Global Rich List ranked 2089 dollar billionaires, benchmarking China’s and India’s top entrepreneurs in the context of their global peers.
Digital. Hurun Report Inc has an award-winning digital media platform, reaching 470,000 unique Chinese high net worths monthly. Hurun Report’s digital media is composed of an active social media programme on WeChat and Weibo, mobile and tablet Apps and the hurun.net website.
Print. 4 magazines, reaching 485,000 on average a month: Hurun Report targeted at Chinese luxury consumers aspiring to wealth of US$5m (‘Nobody Knows China’s Rich Better’); the Hurun Schools Guide series targeted at Chinese parents looking to send their children overseas (‘Unlocking the Doors to the World’s Best Schools’); Wings & Water targeted at Chinese super luxury consumers with or aspiring to US$50m (‘Beyond First Class’) and Horse & Polo China (‘For Horse Lovers’).
Conferences. Hurun Report Inc hosts over 100 events across China every year, led by its 4 flagships in Shanghai, Beijing, Shenzhen and Sanya every year. Hurun Report Inc hosts a further ten in the US, London, Singapore, Australia and India every year.
Market Research. Hurun Report’s close personal relationships with many of China and India’s leading entrepreneurs provides the basis for its fast-growing market research division. Hurun Market Research has developed expertise in the sectors of private banking, insurance, luxury drinks, luxury cars and consumer electronics.
Online Talk Show. ‘Fortune Voices’(Ma Shang Hu).Kicks off 24 October 2015, a dialogue on what makes China’s entrepreneurs tick, starring Rupert Hoogewerf and Ma Hongman, a well-known host on CBN. Produced by Yueer Media and distributed on CBN TV, Iqiyi.com and Ningxia Satellite across the country.
For further information, see
Official Wechat platform: HurunReport
For media inquiries, please contact:
Porsha Pan
Tel: 021-50105808*601
Mobile: 139 1838 7446
Email:
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