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Named China's richest people

March 24 2008
04:31

Formerly communist China is making a significant contribution to the world list of billionaires. The richest citizen of China - 26-year-old Ian Hueyyan - owns 7.4 billion dollars. However, the crisis in global financial markets has not left untouched and the rich Chinese capital.

Back in 1999, China had only one billionaire - a former vice-president Ron Iiren and controlled public corporation Citic, the state approximately $ 1 billion.

"China now has 106 billionaires, while a year ago there were only 15" According to the Hurun Report, the Chinese counterpart Forbes, China now has 106 billionaires, while a year ago there were only 15.

However, according to the most Forbes, published a list of the richest people in the world in early March, now in China has 42 billionaires. These discrepancies stem from the fact that due to instability in financial markets in the market value of companies are changing very rapidly.

The richest man in China is 26-year-old Ian Hueyyan with a fortune of 7.4 billion dollars, which is also considered to be the youngest woman billionaire in the world. It owns 59.5% stake in construction company Country Garden, founded by her father.

Story of the Making of the family, Jan is usually found in China an example of how poor people can climb to the summit of Mount Olympus due to its own financial work.

Father Jan was Hueyyan conventional farmers in the poor southern province of Guangdong, which has managed to amass a small fortune and buy the 1990 land for building.

When in 1997 China's real estate market soared, he has built in these areas expensive mansions and houses for the middle class, which marked the beginning of its construction empire.

In second place in the ranking of wealthy Chinese - Chan Chzhindon with 4.5 billion dollars of personal wealth. Its way into the business he started, opening in 1990 in his hometown Nanchzhin shop for air conditioners.

Now his company, Suning Appliance has one of the two largest in China retail chains selling electronics, to resist the onslaught of American retailers such as Best Buy. Brother Chan - Chan Guipin engaged in real estate and is also a billionaire.

Closes the three leaders of the richest man in China's capital Beijing's 55-year-old Lou Chichzhian, has 3.9 billion dollars. He, like so many figures of Chinese billionaires list, made his fortune in construction and real estate.

In Beijing, he owns the buildings in the downtown area, including the prestigious Glory China Center near Tiananmen Square. In addition, Lu Chichzhian owns shares in the largest Chinese non-state bank China Minsheng.

The fourth largest state in China has a 38-year-old Vaughn Kwong Yu Its 3.5 billion dollars he earned by controlling the second of the two largest retail chains in China for the sale of electronics - the company Gome Appliances.

In fifth place with the state 3.4 billion dollars is a 48-year-old Huang Wei, a leading business in several ways: He owns shares of precious metals trading network Xinhu Zhongbao, a venture capital firm Zhejiang Xinhu and electronics manufacturer Harbin High-Tech Group.

It is worth noting that the crisis in the stock markets has seriously affected China's billionaires, as much of their status are stocks of companies that are traded on exchanges.

So, according to Forbes, compared with October 2007, Jan Hueyyan reduced his fortune to more than 2 times - from 16,2 billion to 7.4 billion dollars. And many of the participants rating of China altogether ceased to be dollar billionaires, according to Look.
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