Together, their wealth totals more than $3.4 billion.ġ4. Liang Zhang is the 38 son of Li Zhang, 68, founder and co-chair of Guanzhou-based developer R&F. Founded five years ago, the Beijing-headquartered manufacturer went public on the Nasdaq in July 2020 with a valuation of $10 billion, catapulting Li to billionaire status. The Apple charger-maker doubled in valuation when it debuted on the public market this August, hitting $8 billion.ĭubbed "China's Elon Musk," 39-year-old Xiang Li is the founder of electric vehicle-maker Li Auto.
Newly-minted billionaires Meng Yang and Li He saw their combined wealth catapult to $3.7 billion this year on the back of their consumer electronics company, Anker. Before founding the company, he worked as a programmer at Google and Chinese internet search engine Baidu.
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As the developer behind popular gaming apps such as Free Fire, Sea has benefited from a surge in gaming under lockdowns this year, becoming the world's best-performing large-cap stock in August.Ĭhinese entrepreneur Hua Su founded Kuaishou as a GIF-making app in 2011 but later transformed it into a video sharing platform popular with users particularly in rural China. New to this year's list is China-born Gang Ye, who was raised in Singapore and made his fortune in the city-state as one of the co-founders of internet company Sea. Together they have a fortune of $5.3 billion, up 50% from last year. Qun Wu, 32, is the son of Guangming Wu, 58, founder and chairman of medical equipment maker Yuwell. Wang shares the fortune with his father, Zhenhua, 58 whom he replaced in 2019 following accusations of sexual assault. Xiaosong Wang is the 33-year-old chairman and president of real estate company Seazen. Gang Zhang and family, 39, Xinfalyudianģ9-year-old Gang Zhang of aluminum company Xinfalyudian has an estimated net worth of $8.8 billion, having grown his fortunes 100% in the past year and jumping up 32 places in the overall 2020 rich list. Founded in 2003, the company went public on the New York Stock Exchange in 2010 and has enjoyed rapid growth in 2020 under coronavirus-induced remote learning policies.Ħ. With an estimated net worth of $14 billion, Bangxin Zhang is the co-founder and chairman of Beijing-headquartered tutoring business TAL Education.
However, its rapid growth has also sparked national security concerns, prompting the proposed sale of its U.S. teens' preferred social media app after Snap. The platform has shot to prominence outside of China, now surpassing Facebook-owned Instagram to rank as U.S. Hao Yan, 34, is the chairman of Xinjiang-headquartered construction company Pacific Construction Group, the company founded by his father, CEO JieHe Yan in 1986.ģ7-year-old Yiming Zhang is the co-founder and CEO of ByteDance, the Chinese internet company behind video sharing platform TikTok. At 24, she became China's youngest female billionaire following her marriage to Liu in 2015.ģ. A businesswoman in her own right, Zhang is an investor who also serves as chief fashion advisor of JD's luxury business. Zetian Zhang, 27, and her husband Qiangdong Liu, 41, saw their combined wealth surge 111% to $23.5 billion in 2020 largely thanks to the meteoric growth of Liu's e-commerce company JD.com.
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