Economy and Business Center

Beijing – The young entrepreneur was ranked the top 40 richest entrepreneurs in China according to Forbes magazine, on Thursday (2 / 11). Meanwhile, a businessman occupied the first rank of household appliances, Wong Kwong Yu 37-year-old. Wong, founder of Gome Appliances, has a net worth of 18.1 billion yuan (U.S. $ 2,, 3miliar). Ranked first last year, Larry Rong Zhijian (63) owner-Hong Kong’s Citic Pacific, dropped two places to third with a fortune of U.S. $ 2 billion, according to a list of 400 richest people in the Chinese version of Forbes. Luck Wong doubled during the past year, thanks to Chinese consumers who buy household goods at his Gome stores circuit. According to Forbes observation, more than a quarter of the 40 top-ranked under 40 years with an average age younger than the U.S. businessman. “This reflects the fact that China’s economic development has a short history to date,” said Russell Flannery, Forbes’ Shanghai bureau chief and creator of the list. The total net worth of the top 40 rose 46 percent in 2006 to reach U.S. $ 38 billion from U.S. $ 26 billion in 2005. Meanwhile, the benchmark to be included in the list rose from 500 million yuan (U.S. $ 62 million) in 2005 to 800 million yuan this year. Role of Private Flannery said the entry of private sector in the list of international stocks is a major factor increasing wealth. “All members of the top five listed companies in Hong Kong and 65 of the top 100 largest has a major stake in international stock markets. The previous figure was 60 in 2005, 43 in 2003 and 20 in 2002. “Zhang Yin (49), cofounder and chairman of Nine Dragons Paper Industries Co., Ltd. was ranked fifth in the list, and making it the richest woman. Zhang is listed as the richest man in China last month by Rupert Hoogewerf. Forbes also observe that rich people are concentrated in China only certain areas. Of the 400 people, half of whom come from developed regions in China. A total of 66 people from Guangdong Province, 47 from Zhejiang, 46 from Shanghai and 42 from Beijing. In the list of China, Forbes noted six women wealthy businessman, while in the United States there is a list of seven people. However, in contrast with the rich women in China are gaining wealth thanks to his efforts, the richest woman in the U.S. generally gaining wealth thanks to the family legacy.