Sou Hu Cai Jing·2025-10-28 05:08Core Insights - The 2025 Hurun Rich List was released, marking the 27th consecutive year of publication, with the wealth calculation deadline set for September 1, 2025. Zhong Shanshan, founder of Nongfu Spring, became the richest person in China for the fourth time with a wealth of 530 billion RMB [1][5]. Summary by Category Wealth Rankings - Zhong Shanshan's wealth increased by 190 billion RMB, reaching 530 billion RMB, setting a new record for the richest person in China [5][11]. - Zhang Yiming, founder of ByteDance, ranked second with a wealth of 470 billion RMB, an increase of 120 billion RMB, driven by advancements in AI [6][11]. - Ma Huateng, founder of Tencent, maintained third place with a wealth of 465 billion RMB, growing by 150 billion RMB due to performance in gaming, advertising, and fintech [6][11]. Overall Wealth Growth - The total wealth of listed entrepreneurs reached nearly 30 trillion RMB, a 42% increase from the previous year, adding 9 trillion RMB [3][12]. - A total of 1,434 individuals with wealth exceeding 5 billion RMB made the list, a 31% increase from last year [2][3]. Market Performance - As of September 1, 2025, major stock indices showed significant growth: Shenzhen Composite Index up 54%, Shanghai Composite Index up 36%, and Hang Seng Index up 42% [3][12]. - The rise in wealth among entrepreneurs is attributed to a recovery in the stock market and the realization of undervalued companies, leading to a re-evaluation of their market value [3][12]. New Entrants - The list featured 376 new faces, a sevenfold increase from the previous year, with notable newcomers including Xu Gaoming and Xu Dongbo from Laopu Gold, and Li Qibin and Qi Yan from Card Game [9][12]. - The top new entrants include founders of popular tea brands and other emerging companies, reflecting a diverse range of industries [9][12]. Geographic Distribution - The distribution of listed entrepreneurs shows a "3+2+3" pattern, with Shanghai, Shenzhen, and Beijing leading in density. Shanghai topped the list with 152 individuals, followed by Shenzhen with 147 and Beijing with 146 [12]. - The increase in the number of entrepreneurs in Shanghai and Shenzhen is primarily due to the recovery of the A-share market and the concentration of industries such as semiconductors and biomedicine in these regions [12].