Skip to navigationSkip to content
KING OF POP

The 100 richest Chinese have a combined personal wealth exceeding Ireland’s GDP

AP Photo / Eugene Hoshiko
The chairman of soft-drink maker Hangzhou Wahaha Group has personal wealth of $10 billion.
This article is more than 2 years old.

Talk about a wealth gap. China’s economy is slowing, and its people remain largely poor, with per capita GDP of $8,500. Yet the Forbes China Rich List reveals the country’s 100 wealthiest people have a combined personal wealth of $220 billion.  That is more than Ireland’s economic output, in 2011 ($218 billion) and more than nine times that of Cyprus ($24 billion).

As a group, China’s top tycoons have also been fairly insulated from the downturn, with their combined wealth falling a modest 7% in the past 12 months.  Zong Qinghou, chairman of a major soft drinks producer named Hangzhou Wahaha Group, tops the Forbes list with personal wealth of $10 billion. So he is worth more than Laos  (economic output of $7.9 billion last year) and Chad ($9.3 billion) and about the same as Armenia ($10.1 billion).

China’s billionaires are still left in the shade by the world’s richest people, however. Carlos Slim, Bill Gates and Spain’s Amancio Ortega remain far wealthier than Zong.

📬 Kick off each morning with coffee and the Daily Brief (BYO coffee).

By providing your email, you agree to the Quartz Privacy Policy.