10 Richest in China and their Companies
Most people are familiar with the richest in the US but fewer know about the richest in China.
Visual Capitalist released the rankings for 2022 and here are the rundown for China’s richest and their associated companies.
#10 is Jack Ma with US$21.9 billion. He was once the richest man in China until the regulations came about and brought Alibaba’s share price to its knees. US-listed $Alibaba (BABA.US)$ Alibaba (BABA) only gained 8% from 5 years ago, and it has the recent rebound to thank.
#9 is Qin Yinglin with US$22.8 billion. I bet his name doesn’t ring a bell, and his company $Muyuan Foods (002714.SZ)$ Muyuan Foods is pretty unknown too. It is in the business of breeding and distribution of pigs. The company is listed in Shenzhen with the ticker 002714. The share price has shot up 800% in the past five years.
#8 is William Ding with US$23.2 billion. He is the founder of $NetEase (NTES.US)$ NetEase which derives 74% of its revenue from games and was under the regulatory spotlight too. That said, NetEase (NTES) share price still managed to gain 62% from 5 years ago.
#7 is Wang Wei with US$23.2 billion. He runs $S.F. Holding (002352.SZ)$ SF Express, the second largest courier in China. It even owns 71 aircraft to do its deliveries. Thanks to the boom in e-commerce (and thanks to us too), logistics companies have been quietly working behind the scenes and making big bucks (but highly competitive). SF Holdings is the parent company and the listed entity on the Shenzhen Stock Exchange. Ticker is 002352. Performance hasn’t been great as it its down 20% over the 5y period.
#6 is Li Shufu with US$23.4 billion. Geely, the automotive company, is founded by him and it should be one of the familiar names in this list. The company co-owns other car brands such as Volvo and Lotus. Geely has also entered the EV space and its 2021 sales was ranked #6 in China. It is important to note that the main holding company is a private one and the listed entity, Geely Automotive, is a subsidiary of the parent. $GEELY AUTO (00175.HK)$ Geely (SEHK:175) share price gained just 6% from 5 years ago.
#5 is He Xiangjian with US$27.2 billion. He is the co-founder of Midea, one of the top 3 home appliance makers in China (together with Gree and Haier). Midea has begun its overseas expansion and their advertisements are a commonplace in Singapore. $Midea Group Co., Ltd (000333.SZ)$ Midea (000333) share price was up 69% for the past 5 years.
#4 is Pony Ma with US$33.9 billion. He and his enterprise, $TENCENT (00700.HK)$ Tencent, are pretty well known globally. Like Jack Ma, he was once the richest in China, but his ranking has slipped due to the tech regulatory crackdown. Yet, you would still be sitting on a 72% gain if you bought the shares 5 years ago.
#3 is Robin Zeng with US$42.1 billion. Contemporary Amperex Technology or CATL is his company. It is an EV battery maker with the largest market share (32.6%) in the world, surpassing LG Energy Solution (20.3%) in second place. $Contemporary Amperex Technology (300750.SZ)$ CATL is listed on the ChiNext Board in Shenzhen with the ticker 300750. The share price has soared 872% in the past 5 years but foreigners can’t buy it though except via an ETF.
#2 is Zhang Yiming with US$53.2 billion. He rose to fame with his company, Bytedance, which is the parent of wildly popular apps like Douyin and TikTok. The company remains a private enterprise and the plan to IPO was put on the backseat due to the unfavourable regulatory climate.
#1 is Zhong Shanshan with US$60.8 billion. He runs Nongfu Spring, a beverage company. The amazing thing is that 61% of its revenue comes from selling mineral water. Probably given the huge consumer base, rising affluence and lack of drinkable water have given the company lots of business. $NONGFU SPRING (09633.HK)$ Nongfu Spring (SEHK:9633) was only listed in 2020 and the share price was up 19% since.
You can see that the stock performances have been mixed among the richest. Hence, investing is not about buying the most familiar names or coat-tailing the richest.
Nevertheless, it is a good way to get a sense of the large enterprises in China, a market that is less familiar to most foreigners.
Visual Capitalist released the rankings for 2022 and here are the rundown for China’s richest and their associated companies.
#10 is Jack Ma with US$21.9 billion. He was once the richest man in China until the regulations came about and brought Alibaba’s share price to its knees. US-listed $Alibaba (BABA.US)$ Alibaba (BABA) only gained 8% from 5 years ago, and it has the recent rebound to thank.
#9 is Qin Yinglin with US$22.8 billion. I bet his name doesn’t ring a bell, and his company $Muyuan Foods (002714.SZ)$ Muyuan Foods is pretty unknown too. It is in the business of breeding and distribution of pigs. The company is listed in Shenzhen with the ticker 002714. The share price has shot up 800% in the past five years.
#8 is William Ding with US$23.2 billion. He is the founder of $NetEase (NTES.US)$ NetEase which derives 74% of its revenue from games and was under the regulatory spotlight too. That said, NetEase (NTES) share price still managed to gain 62% from 5 years ago.
#7 is Wang Wei with US$23.2 billion. He runs $S.F. Holding (002352.SZ)$ SF Express, the second largest courier in China. It even owns 71 aircraft to do its deliveries. Thanks to the boom in e-commerce (and thanks to us too), logistics companies have been quietly working behind the scenes and making big bucks (but highly competitive). SF Holdings is the parent company and the listed entity on the Shenzhen Stock Exchange. Ticker is 002352. Performance hasn’t been great as it its down 20% over the 5y period.
#6 is Li Shufu with US$23.4 billion. Geely, the automotive company, is founded by him and it should be one of the familiar names in this list. The company co-owns other car brands such as Volvo and Lotus. Geely has also entered the EV space and its 2021 sales was ranked #6 in China. It is important to note that the main holding company is a private one and the listed entity, Geely Automotive, is a subsidiary of the parent. $GEELY AUTO (00175.HK)$ Geely (SEHK:175) share price gained just 6% from 5 years ago.
#5 is He Xiangjian with US$27.2 billion. He is the co-founder of Midea, one of the top 3 home appliance makers in China (together with Gree and Haier). Midea has begun its overseas expansion and their advertisements are a commonplace in Singapore. $Midea Group Co., Ltd (000333.SZ)$ Midea (000333) share price was up 69% for the past 5 years.
#4 is Pony Ma with US$33.9 billion. He and his enterprise, $TENCENT (00700.HK)$ Tencent, are pretty well known globally. Like Jack Ma, he was once the richest in China, but his ranking has slipped due to the tech regulatory crackdown. Yet, you would still be sitting on a 72% gain if you bought the shares 5 years ago.
#3 is Robin Zeng with US$42.1 billion. Contemporary Amperex Technology or CATL is his company. It is an EV battery maker with the largest market share (32.6%) in the world, surpassing LG Energy Solution (20.3%) in second place. $Contemporary Amperex Technology (300750.SZ)$ CATL is listed on the ChiNext Board in Shenzhen with the ticker 300750. The share price has soared 872% in the past 5 years but foreigners can’t buy it though except via an ETF.
#2 is Zhang Yiming with US$53.2 billion. He rose to fame with his company, Bytedance, which is the parent of wildly popular apps like Douyin and TikTok. The company remains a private enterprise and the plan to IPO was put on the backseat due to the unfavourable regulatory climate.
#1 is Zhong Shanshan with US$60.8 billion. He runs Nongfu Spring, a beverage company. The amazing thing is that 61% of its revenue comes from selling mineral water. Probably given the huge consumer base, rising affluence and lack of drinkable water have given the company lots of business. $NONGFU SPRING (09633.HK)$ Nongfu Spring (SEHK:9633) was only listed in 2020 and the share price was up 19% since.
You can see that the stock performances have been mixed among the richest. Hence, investing is not about buying the most familiar names or coat-tailing the richest.
Nevertheless, it is a good way to get a sense of the large enterprises in China, a market that is less familiar to most foreigners.
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