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BEIJING >> China has passed the United States in the number of billionaires, driven by the rise of fortunes in technology and manufacturing, according to a recent survey. Despite a cooling economy, the number of Chinese billionaires rose by 242 this year to 596, according to The Hurun Report, which follows China’s wealthy. It said that surpassed the 537 the company found in the United States.
The report reflected the success of online retailing, entertainment and other service businesses, while traditional industries such as steel and natural resources have declined.
No. 1 on this year’s list is Wang Jianlin, chairman of Wanda Group, which operates hotels, shopping malls and cinemas, at $34.4 billion, up 52 percent from last year. No. 2 is Jack Ma of e-commerce giant Alibaba Group at $22.7 billion, followed by Zeng Qinghou of the Wahaha soft drink and mineral water empire with $21.2 billion.
Ma Huateng of Tencent Ltd., operator of the popular WeChat social media service, is in fourth place, and Jun Lei of smartphone maker Xiaomi is No. 5.
New additions included Frank Wang, founder of DJI, the world’s biggest maker of civilian drone aircraft, with a net worth of $3.7 billion, and Cheng Wei of taxi-hailing app Didi-Kuaidi, with $1 billion.
