CZ returns to the rich list! BTC makes his net worth soar to 19 billion, and he appears in the coin circle after his release from prison

The Hurun Research Institute, a Chinese market research organization, recently released its annual list of China's wealthiest individuals. Binance founder Zhao Changpeng (CZ) made the list, despite his assets declining sharply over the past two years due to the Bear Market in the crypto world; With the market rebounding, CZ's personal total assets have still increased by $12.65 billion in the past year, reaching $19 billion, ranking him 16th on the China Rich List.

Source: Hurun Official Website CZ ranks 16th on the rich list

Rich List Threshold

The Hurun China Rich List includes various categories. This article only lists the top ten in terms of total assets and the top ten in terms of asset growth. The threshold for entry this year is set at 5 billion yuan (about 700 million US dollars) in people's coin, and the number of people on the list has decreased compared to the past.

Top 10 Chinese billionaires

TikTok founder Zhang Yiming owns $49.3 billion in assets and has become the richest man in China for the first time. The company founded by Zhang Yiming, ByteDance, saw a 30% rise in revenue last year, largely due to its social app TikTok, which has nearly 200 million users in the United States. The top ten billionaires include the following figures:

Zhang Yiming - Founder of ByteDance, crowned with $49.3 billion.

Zhong Shandan - Assets of 47.9 billion US dollars, founder of Nongfu Spring and Wantai Biological.

Ma Huateng - assets of 44.4 billion US dollars, founder of Tencent.

Huang Zheng - Founder of Pinduoduo, with assets of $34.5 billion.

He Xiangjian and his family - assets of 33.1 billion USD, founder of Midea Group.

Ceng Yuqun - assets of 28.2 billion US dollars, chairman of Ningde Times.

Ding Lei - Assets of 28.2 billion US dollars, founder of NetEase.

Li Ka-shing and his son Li Zeju - assets of 28.2 billion US dollars.

Li Ka-shing - Assets of 24.6 billion US dollars, entering the top ten for the first time.

Jack Ma - assets of 23.2 billion US dollars, founder of Alibaba and Ant Group.

Image source: Hurun official website Top ten billionaires by total assets

Top Ten Highest Percentage Increases

Among the top ten with the highest growth rate on the list, CZ's total assets rose by 12.65 billion US dollars due to the recovery of the currency market, ranking first on the list. It is worth mentioning that Guo Taiming's personal assets increased by USD 4.9 billion, ranking seventh on the list, because of the performance improvement of Hon Hai, which is a major supplier of Apple. The complete list is shown in the figure below.

Source: Hurun Official Website Top 10 Wealthiest People with the Highest Increase

The number of people on the list has declined

The report shows that there are only 54 newcomers on the list this year, the lowest level in the past 20 years. Most of the new faces come from Taiwan, including entrepreneurs who have performed well in the stock market or semiconductor industry. On the other hand, Mao Wenchao and Qu Fang, co-founders of Xiaohongshu, have also made the list for the first time due to the success of social media and logistics platforms; founders of Lixun Precision and Bluesi Technology in the smartphone supply chain have also seen a significant increase in their assets due to strong demand in the production line.

Overall, traditional industries on this year's list, such as real estate and biotech companies, have shown a decline; while the technology sector, including smartphones, semiconductors, and Crypto Assets, has demonstrated growth potential. This change indicates that the Chinese economy is gradually shifting from traditional industries towards a development model driven by high technology or consumer demand.