Forbes Asia - November 2016

(Brent) #1

  1. Chu Mang Yee
    $2.5 BILLION S
    SOURCE: REAL ESTATE
    AGE: 56. MARRIED, 1 CHILD
    RESIDENCE: GUANGZHOU
    Chu, a former government bureaucrat, chairs
    Hopson Development, a Hong Kong-listed real
    estate developer with projects in more than 30
    cities. His fortune has risen in the past year due
    to new information about his ownership of an
    investment management group and a rise in
    Hopson’s share price.
    86. Song Zuowen
    $2.5 BILLION T
    SOURCE: DIVERSIFIED
    AGE: 69. MARRIED, 2 CHILDREN
    RESIDENCE: LONGKOU
    His Nanshan Group, with interests that span
    aluminum, apparel, education, tourism and a
    regional airline, is working to strengthen its core
    company, Shanghai-listed Shandong Nanshan
    Aluminum. Nanshan said in January that it would
    buy Shandong Yili Power, a private company with
    an aluminum manufacturing unit and its own
    power generating facility, for $1.1 billion. Regulatory
    approval is pending.

  2. Huang Wei
    $2.6 BILLION T
    SOURCE: REAL ESTATE
    AGE: 56. MARRIED
    RESIDENCE: HANGZHOU
    Huang controls Xinhu Zhongbao, one of China’s
    largest real estate developers. While expanding in
    Shanghai in the past year, Huang also moved into
    finance. Xinhu Zhongbao invested $100 million
    in fintech company U51.com, a credit card bill-
    management service provider with more than
    30 million users; Xinhu Zhongbao currently owns
    32% of the business.

  3. Li Li
    $2.6 BILLION S
    SOURCE: PHARMACEUTICALS
    AGE: 52. MARRIED
    RESIDENCE: SHENZHEN
    Li, who once worked in a meat-processing plant,
    chairs Shenzhen Hepalink Pharmaceutical, a
    supplier of sodium heparin, a blood thinner, to
    global pharmaceutical firms such as Novartis and
    Sanofi-Aventis. He shares his fortune with his
    wife, Li Tan. His first pharmaceuticals job was at
    Chongqing Tongda, which produces heparin.

  4. Ma Xingtian
    $2.6 BILLION S
    SOURCE: PHARMACEUTICALS
    AGE: 47. MARRIED
    RESIDENCE: PUNING
    Ma founded Kangmei Pharmaceutical at age 28
    as a small factory. This year the company was
    large enough to make the Forbes Global 2000
    list, with nearly 8,900 employees. Kangmei said in
    September it would invest roughly $750 million in
    an online pharmacy and the medical supply chain in
    Chongqing. Ma shares his fortune with his wife.

  5. Jiang Rensheng
    $2.55 BILLION Ì
    SOURCE: PHARMACEUTICALS
    AGE: 63. MARRIED, 1 CHILD
    RESIDENCE: CHONGQING
    Shares in Shenzhen-listed vaccine-supplier
    Chongqing Zhifei Biological Products have risen
    by more than 50% in the past year, helping lift the
    fortune of chairman Jiang. He built the business after
    working other jobs, including as a primary school
    teacher and a government health oicial.
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IMAGINECHINA


SUP TDOWN WXUNCHANGED ÌNEW TO LIST 3 RETURNEE



  1. Cai Dongqing
    $2.5 BILLION T
    SOURCE: ENTERTAINMENT
    AGE: 47. MARRIED
    RESIDENCE: GUANGZHOU
    Cai has guided Guangdong Alpha Animation—now called Alpha Group—from a successful toy maker into
    one of China’s largest animation studios. Its Shenzhen-listed shares fell about 15% over the past year. In April
    Alpha said it would buy Baby Trend, a U.S. company that makes strollers and children’s safety seats, for
    $94 million.


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