Hurun rich list stirs Chinese zodiac discussion

PUBLISHED : Friday, 01 March, 2013, 1:53pm
UPDATED : Friday, 01 March, 2013, 3:07pm

The publication of the Hurun Global Rich List 2013, which revealed the top 10 wealthiest Chinese billionaires, on Thursday has triggered discussion among Chinese netizens about the Chinese zodiac signs of the rich. 

The dragon is the most common zodiac sign among the billionaires, followed by the horse, said a post by China's Global Times.

Commenting on the list of billionaires, one netizen wrote, “Chinese officials must be laughing at this so-called ‘rich list’.”

Others chimed in with comments on Chinese zodiac signs. “Dragons are born with a kind of self-confidence. They are destined to play a strong role,” one said.

Another claimed, “I will give birth to a ‘dragon baby’ and a ‘horse baby’!”

A third wrote, “Global Times, mind your own business.”

The report, compiled by the Shanghai-based Hurun Research Institute, showed that Hong Kong entrepreneurs make up the majority of the list, followed by those from Beijing, Shanghai and Shenzhen.

The top industry sector favoured by the Chinese billionaires on the list is real estate, followed by manufacturing, finance and investment, and information technology.

Hong Kong real estate tycoon Li Ka-shing is the world’s wealthiest Chinese person with an estimated net worth of 200 billion yuan, according to the report.

The second wealthiest person is Lee Shau-kee, another Hong Kong-based real estate tycoon and chairman of Henderson Land Development. He has an estimated net worth of 144 bllion yuan. Lee has accrued substantial profits from mainland Chinese stocks and is nicknamed “Hong Kong’s Warren Buffett”.

Hong Kong’s Kwok brothers, co-chairmen of Sun Hung Kai Properties, ranked third on the list with an estimated net worth of 125 billion yuan. Raymond and Thomas Kwok were involved in an ICAC investigation last year.

Robert Kuok Hock-nien, 90-year-old stakeholder of the Post and Malaysia’s richest businessman, ranked fourth with 119 billion yuan.

New World Development's 88-year-old Cheng Yu-tung ranked fifth with an estimated net worth of 113 billion yuan. Half of Cheng’s wealth comes from Chow Tai Fook, one of Asia’s largest jewellery brands.

Zong Qinghou, mainland China’s richest man and chairman of soft drink maker Wahaha Group, ranked sixth with 82 billion yuan.