132,000 Shanghai residents, or one in 175, has a personal wealth of over 10 million yuan ($ 1.54 million USD) this year. The figure marks an increase of 8.2 percent compared with last year.
Among these richest people, the number of yuan billionaires in Shanghai is 350 and 109 of them has their assets well and transparently documented, according to the Hurun Shanghai Wealth Report 2011.
The report, which tracks assets of those who are headquartered or currently residing in Shanghai, attributes the rise in personal wealth to Shanghai's booming real estate, finance, and investment products sectors. The ratio of rich people working in these industries is higher than the national average, the report said.
In addition, more women rank among Shanghai's richest people than in other parts of China. However, many of these women are not native to Shanghai, with a considerable portion originating from neighboring Zhejiang province.
At age 31, basketball star Yao Ming is the youngest member of yuan billionaires in Shanghai with a wealth of 1 billion yuan.
Following is a list of the 109 yuan billionaires whose assets are well or transparently documented.
Ranking |
Name |
Net worth (yuan) |
Organization |
Sector |
Birthplace |
Stock code |
Age |
1 |
Liu Yongxing & family |
35 B |
East Hope Group |
Heavy chemical industry |
Xinjin, Sichuan |
-- |
63 |
2 |
Xu Rongmao & family |
33 B |
Shimao Group |
Property |
Shishi, Fujian |
0649.HK & 0813.HK |
61 |
3 |
Zhou Chengjian & family |
23 B |
Metersbonwe |
Garment industry |
Lishui, Zhejiang |
002269 |
46 |
4 |
Tong Jinquan |
20 B |
Summit Property Development |
Real Estate |
Shaoxing, Zhejiang |
-- |
56 |
4 |
Zhang Zhirong |
20 B |
China Rongsheng Heavy Industries Group Holdings Ltd |
Shipbuilding |
Rugao, Jiangsu |
1101.HK |
39 |
6 |
Guo Guangchang |
18 B |
Fosun |
Diversified |
Zhejiang |
600196 |
44 |
7 |
Shi Yuzhu & family |
15 B |
Giant Interactive Group, Inc. |
Online games, Finance |
Bengbu, Anhui |
NYSE: GA |
49 |
7 |
Ye Lipei |
15 B |
Super Ocean Group |
Real Estate |
Shanghai |
-- |
67 |
9 |
Zhong Shengjian |
13 B |
Yanlord Land |
Real Estate, Paper |
Lufeng, Guangdong |
Z25 |
53 |
10 |
Chen Tianqiao & family |
12.5 B |
Shanda Interactive Entertainment Limited |
Online games |
Shaoxing, Zhejiang |
NasdaqGS: SNDA |
38 |
11 |
Li Xinyan & Ni Yinying |
10 B |
Lonking Holdings Limited |
Infrastructure machinery |
Shanghang, Fujian |
3339.HK |
60 |
11 |
Liu Yiqian
|
10 B |
Xinliyi Group |
Investments |
Shanghai |
-- |
48 |
11 |
Ni Zhaoxing & family |
10 B |
Zhongrong Group |
Real Estate, Energy |
Hangzhou, Zhejiang |
-- |
55 |
14 |
Dai Zhikang |
9 B |
Zendai Group |
Real Estate |
Haimen, Jiangsu |
-- |
47 |
15 |
Zhou Qingzhi & Zhao Yilan |
8.5 B |
Narada Group |
Investments |
Wenzhou, Zhejiang |
-- |
56 & 33 |
16 |
Yu Guoxiang |
8 B |
New Hengde Property |
Real Estate |
Xiangshan, Zhejiang |
-- |
41 |
17
|
Jason Nanchun Jiang |
7.5 B |
Focus Media |
Information technology |
Shanghai |
FMCN |
38 |
18 |
Wu Zheng & Yang Lan |
7 B |
Sun Media Investment Holdings Ltd. |
Investments |
Shanghai & Beijing |
-- |
45 & 43 |
18 |
Zhou Chuanyou |
7 B |
China Capital Investment Group |
Investments, Real Estate, Mining |
Shanghai |
-- |
47 |
20 |
Liang Xinjun |
6.8 B |
Fosun |
Diversified |
Taizhou, Zhejiang |
600196 |
43 |
20 |
Xu Jiankang & family |
6.8 B |
Powerlong Real Estate |
Real Estate |
Jinjiang, Fujian |
1238.HK |
59 |
20 |
Yao Yuan & Yao Yong |
6.8 B |
Mingyuan Group |
Real Estate, Pharmaceuticals, Infrastructure |
Shandong |
HK0233 |
55 & 54 |