Date
25 March 2017
Hanergy Group founder Li Hejun is now China's richest man with a fortune of US$26 billion, according to the Hurun Report.
Hanergy Group founder Li Hejun is now China's richest man with a fortune of US$26 billion, according to the Hurun Report.

Li Hejun dethrones Jack Ma as China’s richest man: Hurun

Li Hejun, the founder and chairman of Hanergy Group, has become China’s richest man, unseating Alibaba Group chief Jack Ma from the prime position, according to the latest Hurun Report.

Li’s net worth is now estimated at US$26 billion, compared to the US$24.5 billion assets of Ma and his family, said the report released by the Hurun Research Institute on Tuesday.

Ma has, in fact, now slipped to the third spot among China’s wealthy, as Dalian Wanda Group chief Wang Jianlin and his family now have a fortune bigger than that of Alibaba founder, the report said.

Hanergy Group, headquartered in Beijing, is involved in hydropower, solar power and wind power businesses.

Li’s wealth puts him in the No. 34 position globally on the billionaires list, according to Hurun. 

Just one of the world’s top 20 wealthiest people came from Greater China though it minted more billionaires than anywhere else in the past year.

Hong Kong tycoon Li Ka-shing was at No. 16 globally with a net worth of US$32 billion, while the rest of top 20 were mainly from the United States, Reuters noted.

Microsoft founder Bill Gates topped the global rich list with a fortune of US$85 billion, beating Mexican telecoms tycoon Carlos Slim.

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