The number of Chinese billionaires explodes thanks to the Covid-19 pandemic
The founder of e-commerce giant Alibaba, Jack Ma, saw his fortune increase by 49% during the coronavirus crisis.
AP Photo / Thibault Camus
Text by: RFI Follow
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According to the annual ranking of the HURUN cabinet, the Chinese super-rich are seeing their numbers explode.
They were 828 in total at the end of August.
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The coronavirus pandemic is destroying the world economy, but China, the first nation to have emerged from the health crisis, seems to be doing well. Never has so much wealth been created there as in 2020. And for good reason. , confinements across the world have boosted the activity of online commerce and services.
And to illustrate the crazy rise of Chinese billionaires this year, what could be more revealing than the irruption of Zhong Shanshan?
In third place in this ranking which takes into account the data until the end of August, it would in fact have become according to Forbes, the first Chinese fortune.
His bottled water company Nongfu Spring made a notable IPO in September.
Prior to that, Zhong was inspired to take a stake in one of the companies working on a Chinese vaccine against the virus, whose stock market price has exploded by 2,000%.
Although dethroned, Jack Ma, the founder of
e-commerce giant Alibaba, is taking
advantage of the explosion in online sales in recent months.
His fortune increases by 49%.
Not far behind, the founder of Tencent, Ma Huateng has a fortune of $ 57 billion.
His group, responsible for successful WeChat messaging, is boosted by video games in the huge Chinese market.
The founder of the telecom giant Huawei, Ren Zhengfei, on the other hand, plummets in the ranking, as a result
of the group's problems in the USA and in Europe.
A large number of bosses who have climbed the rankings come from the electric automobile sector, which is very much supported by the Chinese authorities.
Just like the construction.
The first woman in the ranking is Yang Huiyan.
The queen of real estate, already 38th fortune in the world, is in 6th place of Chinese fortunes.
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