Top 10 richest people in Shanghai

By Lin Liyao
0 Comment(s)Print E-mail, June 8, 2012
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As one of China's most developed local economies, Shanghai has produced a host of super-rich. Hurun's latest Shanghai Wealth Report proves this statement to still be accurate.

According to this year's report, there are 370,000 individuals who are worth 6 million yuan (US$950,000) in Shanghai today. Among them 140,000 possess personal assets worth over 10 million yuan (US$1.6 million), representing a year-on-year increase of 6.1 percent and accounting for 13.7 percent of China's individuals worth over 10 million yuan.

Furthermore, there are 8,200 super-rich individuals with personal assets worth 100 million yuan (US$16 million), up 5.1 percent from last year, a growth slightly lower than Shanghai's 8.2 percent GDP growth in 2011.

This year, East Hope Group's Liu Yongxing and his family remain the wealthiest in Shanghai, boasting a personal fortune of 41 billion yuan. The 10 richest billionaires this year had a total assets of 253 billion yuan.

Property, manufacturing as well as finance and investment form the major sources of wealth for the Shanghai billionaires.  

  Elijah Widjaja (黄柏年)

 Net worth 2011: 12.7 bln yuan (US$2 bln)

2011 rank: N/A 

Net worth 2012: 15 bln yuan (US$2.36 bln); 

Company: Shanghai Golden Bund Real Estate Company (上海金光外滩置地有限公司)

Source of wealth: real estate

Age: 56

Origin: Indonesia

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