SUP TDOWN WXUNCHANGED ÌNEW TO LIST 3 RETURNEE
IMAGINECHINA
- Li Shufu
$5.2 BILLION S
SOURCE: AUTOS
AGE: 52. MARRIED
RESIDENCE: HANGZHOU
Li is one of the top entrepreneurs to emerge in
an auto industry long dominated by the state and
foreign firms. In a bold move he bought Volvo in
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His fortune rose with the stock price of his Hong
Kong-listed Geely Auto ahead of the launch of its
first model from a development platform created
jointly by Geely and Volvo. Geely was the only
auto maker to make FORBES ASIA’s Fab 50 list
of Asia’s best large businesses this year.
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previous year.
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brand, Lynk & Co., aimed at motorists who are
inclined to share their cars. - Lu Zhiqiang
$5.2 BILLION S
SOURCE: DIVERSIFIED
AGE: 63. MARRIED
RESIDENCE: BEIJING
Lu chairs China Oceanwide Group of Beijing, a
conglomerate active in real estate, finance and
technology. In downtown Los Angeles it is build-
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retail complex. In July the company won govern-
ment approval for its Shenzhen-listed Oceanwide
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in the city of Wuhan and for an investment in
Asia-Pacific Property & Casualty Insurance.
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of shares in Shanghai-listed China Minsheng
Banking, bringing its stake to nearly 5%. - Hui Wing Mau
$5.1 BILLION S
SOURCE: REAL ESTATE
AGE: 65. MARRIED, 2 CHILDREN
RESIDENCE: HONG KONG
He chairs Shimao Property Holdings, a Hong
Kong-listed real estate developer with proj-
ects in more than 40 cities. Earlier this year he
became the second-largest shareholder in Mason
Financial Holdings, a Hong Kong-headquartered
financial services business. His fortune has risen
with the share price of Shimao Property and on
new information about closely-held real estate.
34. Wang Chuanfu
$4.95 BILLION T
SOURCE: AUTOS, BATTERIES
AGE: 50. MARRIED
RESIDENCE: SHENZHEN
Wang is the reigning king of the nascent
electric-vehicle industry in China, to date the
world’s largest EV market. Sales of electric
and hybrid-electric vehicles at auto and bat-
tery maker BYD, which Wang chairs, surged
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lion revenue for the period. Warren Bufett’s
Berkshire Hathaway owns an 8% stake in BYD.
36. Liu Yonghao
$4.7 BILLION T
SOURCE: DIVERSIFIED
AGE: 64. MARRIED, 2 CHILDREN
Liu is the force behind New Hope Group, the conglomerate that controls agribusiness giant New Hope
Liuhe. Liu’s daughter, Liu Chang, now holds the chairman and CEO spots at Shenzhen-traded New
Hope Liuhe; stock of the company has fallen since last year. New Hope Group has been working to
diversify. In June the government gave regulatory approval for the creation of Sichuan Hope Bank;
main investors include New Hope Group, smartphone-maker Xiaomi and Sichuan-based supermarket
chain Chengdu Hongqi.
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company Australia NaturalCare for an undisclosed amount in June.
35. Wang Wenxue
$4.9 BILLION S
SOURCE: REAL ESTATE
AGE: 48. MARRIED
RESIDENCE: BEIJING
Wang made his fortune as one of Asia’s biggest
developers and operators of industrial parks, with
more than 30 facilities in China. His Shanghai-listed
China Fortune Land has also developed industrial
parks in Indonesia and India. Wang owns just under
11% of Shenzhen-listed Blackcow Food, which
makes soy milk and a variety of grain beverages. In
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