Home > Community > China Biz > BYD's Wang Chuanfu tops Forbes China Rich List

BYD's Wang Chuanfu tops Forbes China Rich List

Published: 05 Nov 2009 00:02:01 PST

The Forbes top 400 China Rich List was released Thursday in Shanghai, and Wang Chuanfu, the founder of Chinese battery and electric car maker BYD tops the list with a wealth worth $5.8 billion.

Last year Wang ranked 23rd at $1.06 billion; Warren Buffett's investment in BYD in September was a big contributor to Wang's rapid growth in wealth.

Liu Yongxing of East Hope Group and Zong Qinghou from beverage company Wahaha followed Wang with assets worth $5.5 billion and $4.8 billion respectively. Liu topped the Forbes list last year at $3 billion.

Eight of the top 40 people was on the list for the first time.

Forbes 2009 Top 10 Rich List

Ranking	Name	Wealth	Company
1	Wang Chuanfu	$5.8 billion	BYD
2	Liu Yongxing	$5.5 billion	East Hope Group
3	Zong Qinghou	$4.8 billion	Wahaha Group
4	Lu Xiangyang	$4.1 billion	Guangzhou Youngy Mgt & Investment Group
5	Yang Huiyan	$3.9 billion	Country Garden
6	Xu Rongmao	$3.85 billion	Shimao Group
7	Ma Huateng	$3.8 billion	Tencent Holdings
8	Liu Zhongtian	$3.79 billion	China Zhongwang Holdings
9	Zhang Jindong	$3.7 billion	9Suning Appliances
10	Wang Jianlin	$3.5 billion	Dalian Wanda Group