Five Zhanjiang businessmen listed among China's richest
The 2018 Hurun China Rich List is released by the Hurun Research Institute on Oct 10. [Photo/Hurun Report]
Five Zhanjiang businessmen made it onto the 2018 Hurun China Rich List released by the Hurun Research Institute on Oct 10.
Chen Hua, founder of Kingkey Group and Zhanjiang Honorary Citizen, ranked 136th on the list, with reported assets of 22.5 billion yuan ($3.2 billion).
Tiandi No.1 Beverage Inc president Chen Sheng made the list again at 1,132nd, a drop of 241 spots as his wealth fell by a quarter to 3.6 billion yuan.
Tiandi No.1 Beverage Inc is a non-alcoholic beverage company that produces apple vinegar. [Photo/tdyh.com.cn]
Li Zhong, president of Zhanjiang Guolian Aquatics Products Co Ltd, was placed at 1,775th with a net worth of 2 billion yuan. The aquatic company is the only one in China to be exempt from tariffs when exporting prawns to the United States.
Founded in 2001, Zhanjiang Guolian Aquatics Products is a transnational enterprise engaged in seedling breeding, marine products processing, and aquatic R&D. [Photo/guolian.cn]
The other two entries on the list included GT Land Holding Ltd president Su Meng, and Chen Yangnan, founder of Huayu Consortium.
This year marks the 20th annual ranking of the richest people in China, with a wealth cut-off of 2 billion yuan. Wealth calculations were made on Aug 15, the same date as previous years.
A total of 1,893 individuals or families made the list, with e-commerce giant Alibaba's founder Jack Ma Yun, Xu Jiaying of Evergrande Group, and technology giant Tencent's founder Pony Ma Huateng occupying the top three.