ID :
197099
Mon, 07/25/2011 - 16:48
Auther :

Sany's Liang family ranked richest in China

HONG KONG (Yonhap) - The family of Liang Wengen, the chairman of Chinese construction machinery manufacturer Sany Group, is the richest in China with wealth of nearly 59.9 billion yuan (US$9.3 billion), a report showed Monday.
According to the report by Chinese-language weekly news magazine Moneyweek, the Liang family ranked first among the 23,179 richest families in China.
On the list of China's richest people, the Liang family was followed by the family of Robin Li, the CEO and one of the founders of China's largest search engine Baidu. That family's fortunes were estimated at 53.6 billion yuan.
Xu Jiayin, chairman of Evergrande Real Estate Group, a Guangdong-based real estate developer, and his family were in third place with 44.9 billion yuan.
The ranking list showed China's rapid economic takeoff, as the new rich families continue to emerge, the weekly said. Last year's top Li Li family of Hia Purui Pharmaceutical Co. dropped to 18th place, with its wealth dropping to 23.7 billion yuan from 35.5 billion yuan.
While families in the real estate business are dominant on the rich list, the number of families from industries such as information technology, biotechnology, new energy technology and manufacturing are steadily growing, Moneyweek said.

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