The era of real estate tycoons has passed.

Published: Oct 28, 2021 10:06 (GMT+8)
[the era of real estate tycoons is over] this year's Hurun Rich list was officially released yesterday. A total of 2918 entrepreneurs are on the list this year, of whom 2643 live in mainland China. The deadline for calculating the wealth of entrepreneurs on the list is Sept. 15, 2021.

This year's Hurun Rich list was officially released yesterday. A total of 2918 entrepreneurs are on the list this year, of whom 2643 live in mainland China. The deadline for calculating the wealth of entrepreneurs on the list is Sept. 15, 2021. In the list, Zhong Jie, founder of Nongfu Spring, increased his wealth by 25 billion yuan over last year, becoming the richest man in China for the first time with 390 billion yuan. Zhang Yiming's wealth increased by 230 billion yuan, jumping to second place with 340 billion yuan, up 28 places from last year. Ningde era founder Zeng Yuqun's wealth increased by 200 billion yuan, entering the top three for the first time with 320 billion yuan. Ma Huateng and Jack Ma, the two Internet bigwigs, live in the fourth or fifth place respectively.

What's so interesting about this newly released Hurun rich list? First of all, the capital market is still the biggest wealth-generating machine, from champion Zhong Jianyuan to Wang Wei in 10th place, whose wealth can not grow without the help of their listed companies. With the continuous expansion of A-shares and a huge amount of money entering the market, it is believed that the Chinese stock market will contribute more tycoons in the future. In particular, if many of Zhang Yiming's companies can be listed in the future, it is believed that their wealth will continue to rise.

Second, in the field of the rich, Zhong Jie, who started by selling water, won the third place on the list for the first time last year and won the championship this year. Among the top 10, apart from Zhong Jianyu, Wei Jianjun and his wife of Great Wall Motors, and he Hengjian of the United States. If Wang Wei of Shun Feng is included in the scope of industry, then manufacturing and industry-related industries account for four of the top ten richest people. According to statistics, manufacturing is the largest source of wealth for entrepreneurs on the Hurun rich list, accounting for 27%.

Third, compared with the previous Hurun Rich list, we can find an interesting phenomenon: the decline of the real estate era and the rise of the Internet and new energy have been unstoppable. Five years ago, Wang Jianlin of Wanda was the richest man in China. Lu Zhiqiang of Panhai, Yao Zhenhua of Baoneng and Xu Jiayin of Evergrande were all in the top 10. In 2020, the founders of real estate companies still have three seats in the top 10, with Xu Jiayin in fifth place with a fortune of 235 billion (third in 2019) and Yang Huiyan's family in country Garden in sixth place. But only a year later, if the sixth Li Ka-shing family is not included in the real estate field, then there will be no real estate tycoons in the top 10. Real estate tycoons account for only 9.4% of the top 100 list this year, and under the background of housing speculation, the number of real estate developers on Hurun's rich list may become smaller and smaller.

Compared with the overall collapse of the real estate tycoon, it is the growing strength of the Internet upstart and new energy entrepreneurs. Among the top 10 richest people, the representatives of the Internet industry are Zhang Yiming, Ma Huateng, Ma Yun and Huang Zheng, representing Toutiao, Tencent, Ali and pinduoduo respectively, which shows the strong limelight of the Internet industry. Of course, the Internet industry has been divided, and the seats of the old and new tycoons are constantly changing. The wealth of the "post-70s" Ma Huateng and Jack Ma, the two traditional Internet tycoons, has shrunk sharply compared with last year. The wealth of Zhang Yiming and Huang Zheng of the "post-80s" are both growing. The transformation of the old and new Internet has also led to the transfer of the power and wealth of these Internet bosses.

It is worth mentioning that the share price of Ningde era has been hitting record highs since last year, and Zeng Yuqun's position has risen 21 places from last year to the position of third runner-up, which also shows that the tuyere of new energy has just begun. In the future, Zeng Yuqun may be the only one who is expected to compete with Zhang Yiming for the championship of the rich list. Mobile Internet and new energy will be the most promising areas of certainty in the next decade.

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