China’s wealthiest millennials got even richer in 2020 – from Jackson Yee to Li Na, five young millionaires and billionaires and where their money comes from

China has 60 billionaires younger than 40, with a combined fortune of US$223 billion

We look at five wealthy Chinese millennials – a live-streamer, a tech entrepreneur and a property heiress among them – to see how they obtained their fortunes

Reading Time:3 minutes

Chinese network celebrity Viya performs during live streaming in May 2020 in Hangzhou, China. The 35-year-old has an estimated net worth of more than US$30 million. Photo: Chen Zhongqiu/VCG via Getty Images

Published: 5:15am, 9 Dec 2020Updated: 8:47pm, 10 Dec 2020

The fortunes of China’s wealthiest millennials have continued to grow this year, despite the economic downturn triggered by the coronavirus pandemic.

According to the latest wealth rankings from the respected Hurun Report, China had 60 billionaires aged under 40 in 2020, and their combined worth was more than US$223 billion.

Strict lockdown measures helped contain the Covid-19 outbreak quite quickly, and China’s economy soon bounced back; it is set to be the only major economy to register growth in 2020.

From young tech entrepreneurs and real estate tycoons to celebrities and athletes, we take a look at some of China’s millionaires and billionaires, and reveal how they became part of the world’s super-rich.

Viya has increased her fortune during lockdown, including US$814 million of sales on the first day of the Singles’ Day online shopping event in October. Photo: Weibo

Viya, live streamer