|
|
|
|
Search: 
Latin American Herald Tribune
Venezuela Overview
Venezuelan Embassies & Consulates Around The World
Sites/Blogs about Venezuela
Venezuelan Newspapers
Facts about Venezuela
Venezuela Tourism
Embassies in Caracas

Colombia Overview
Colombian Embassies & Consulates Around the World
Government Links
Embassies in Bogota
Media
Sites/Blogs about Colombia
Educational Institutions

Stocks

Commodities
Crude Oil
US Gasoline Prices
Natural Gas
Gold
Silver
Copper

Euro
UK Pound
Australia Dollar
Canada Dollar
Brazil Real
Mexico Peso
India Rupee

Antigua & Barbuda
Aruba
Barbados
Cayman Islands
Cuba
Curacao
Dominica

Grenada
Haiti
Jamaica
Saint Kitts and Nevis
Saint Lucia
Saint Vincent and the Grenadines

Belize
Costa Rica
El Salvador
Honduras
Nicaragua
Panama

Bahamas
Bermuda
Mexico

Argentina
Brazil
Chile
Guyana
Paraguay
Peru
Uruguay

What's New at LAHT?
Follow Us On Facebook
Follow Us On Twitter
Most Viewed on the Web
Popular on Twitter
Receive Our Daily Headlines


  HOME | Business & Economy (Click here for more)

Property Titan Xu Jiayin Overtakes Alibaba’s Jack Ma as China’s Richest Man

BEIJING – The owner of real estate company Evergrande Group has become the richest person in China with $36.7 billion net worth, official news portal China.org.cn reported on Monday.

Xu Jiayin’s wealth puts him ahead of Alibaba co-founder Jack Ma, ($35.4 billion) and Tencent founder Pony Ma Huateng ($35.3 billion).

The Forbes “real-time ranking” of the world’s billionaires places Xu at number 20, one spot ahead of Jack Ma, and two ahead of Huateng.

The real estate titan, also known as Hui Ka Yan – his name in Cantonese – was named the richest person in China in 2017 by Forbes, with a fortune of about $42.5 billion.

Although his wealth declined in 2018, the increase in the value of Evergrande’s shares has repositioned him at the top of the China’s rich list as its stocks continued to rise over the past month, China.org.cn said, citing China Securities Journal.

In third and fourth place respectively are Tencent founder “Pony” Ma Huateng ($35.3 billion) and Wang Jianlin, president and founder of the Dalian Wanda Group with $22.6 billion.

The first woman to make the list is property developer and majority shareholder of Country Garden Holdings, Yang Huiyan, in sixth position with an estimated wealth of about $18.2 billion.

The youngest Chinese billionaire is Zhang Yiming, 34, and founder of ByteDance, a technological company that has developed popular apps such as Douyin (known in the international market as TikTok) with as estimated wealth of about $6.8 billion.

 

Enter your email address to subscribe to free headlines (and great cartoons so every email has a happy ending!) from the Latin American Herald Tribune:

 

Copyright Latin American Herald Tribune - 2005-2019 © All rights reserved