XIAOMI(HK:01810) Sou Hu Cai Jing·2025-10-28 05:08Core Insights - The 2025 Hurun Rich List features 1,434 entrepreneurs with personal wealth exceeding 5 billion RMB, marking a 31% increase from the previous year, adding 340 individuals [1] - Total wealth on the list approaches 30 trillion RMB, reflecting a 42% growth year-on-year, with an increase of 9 trillion RMB [1] - The number of billionaires increased by 15 to a total of 41, while the number of billion-dollar entrepreneurs rose by 268 to reach 1,021 [1] Company Performance - Zhong Shanshan, founder of Nongfu Spring, saw his wealth increase by 190 billion RMB, reaching 530 billion RMB, making him the richest person in China for the fourth time and setting a new record for wealth in the country [2] - Zhang Yiming, founder of ByteDance, experienced a wealth increase of 120 billion RMB, driven by advancements in AI, placing him second with a total of 470 billion RMB [3] - Ma Huateng, founder of Tencent, gained 150 billion RMB, maintaining third place with a total wealth of 465 billion RMB [3] Notable Growth - Lei Jun, founder of Xiaomi, ranked fifth with a wealth increase of 196 billion RMB (+151%), attributed to explosive growth in the automotive sector and breakthroughs in high-end smartphones [5] - Xiaomi's revenue for the first half of the year reached 227.2 billion RMB, a 38% year-on-year increase, with net profit rising 70% to 21.5 billion RMB [5] - The automotive business delivered 157,200 units, ranking among the top five new automotive forces, generating 21.3 billion RMB in revenue [5] Industry Trends - The integration of consumer electronics and the automotive industry is highlighted as a significant trend, with Xiaomi's Lei Jun positioned as a strong contender for the title of China's richest person [5] - Other notable entrepreneurs with significant wealth growth include Wang Ning from Pop Mart, whose wealth increased by 154.5 billion RMB due to the global popularity of Labubu [5] - The Hurun Research Institute has published the Rich List annually since 1999, with the wealth calculation cutoff date set for September 1, 2025 [5]