Forbes to name mainland richest person
(Xinhua)
Updated: 2006-10-11 10:58
The title of richest person in the Chinese mainland will fall on new
shoulders this year, after being held by Larry Rong Zhijian for two consecutive
years, according to Forbes.
Larry Rong Zhijian, head of CITIC
Pacific Group, led the Forbes' 400 Richest Chinese List two years in a
row. [File photo] | Forbes' Shanghai Bureau Chief
Russell Flannery said Tuesday that Forbes Asia is likely to list a new No.1
richest Chinese in the mainland this year.
Huang Guangyu, president of Gome Appliances with a net worth of 2.1 billion
US dollars, according to Forbes Asia - and Shi Zhengrong, CEO of Suntech Power
Co with a net worth of 2.2 billion dollars - will nudge Larry Rong Zhijian from
the top spot.
Larry Rong Zhijian, head of CITIC Pacific Group, led the Forbes' 400 Richest
Chinese List two years in a row. His net worth in 2005 was estimated at 1.6
billion dollars. Huang Guangyu rankedNo.4 in 2005 with 1.3 billion dollars, and
Shi Zhengrong ranked No.98 with just 0.2 billion dollars.
Forbes Asia will officially publish this year's list of 400 Richest Chinese
on November 2.
Russell Flannery said, the rich have got richer in the Chinese mainland in
the past year, thanks to its rapid economic growth rate of over 10 percent,
rising stock prices and sustained investment and consumption.
The gap between the rich and the poor is widening dramatically.
The country's Gini coefficient, an international measurement of income
disparity, is estimated to have exceeded the danger level of 0.4. The country's
richest 10 percent of families possess more than 40 percent of total household
wealth, while the poorest 10 percent have only 2 percent. (For more biz stories, please visit Industry Updates)
|
