China Watch Blog reports that Shenzhen has more millionaires than any other city in the Pearl River Delta (PRD) region, according to the 2013 Hurun Rich List released Friday.
NewsGD.com reported that it’s the first time that Hurun Research Institute has compiled a list of the richest individuals in the PRD. A total of 152 people made the list, with 73 residing in Shenzhen and 40 in Guangzhou.
Of the 73 richest people living in Shenzhen, 22 were among the world’s 500 richest individuals, according to Hurun, which also revealed that there were 8,000 people in the PRD with personal wealth of 100 million yuan (US$16 million) and 130,000 people with personal wealth of 10 million yuan.
Xu Jiayin, owner of Evergrande Real Estate, topped the PRD rich list with a personal fortune of 48 billion yuan. Xu was followed by Ma Huateng of Tencent, a leading Internet company, with 47 billion yuan; and by the family of Yang Huiyan, with 43 billion yuan. The Yang family owns Country Gardens, a real estate development.
The wealthiest people in the PRD amassed their wealth mainly from the real estate industry (24 percent), manufacturing industry (15 percent) and IT industry (9 percent). Other industries that contributed to local personal fortunes were social services, retail, finance and investment, resources and pharmaceutical.
The richest people on the annual national list made their fortune mainly from the manufacturing industry (21 percent) and real estate industry (20 percent).
On the global list, the 1,453 richest people in the world were mainly engaged in the industries of real estate, telecom, media, technology and investment.
On the 2013 Hurun Philanthropy List, released by the Hurun Research Institute in April, Guangdong Province boasted the largest number of the most-generous Chinese individuals, measured by the value of their cash or cash-equivalent donations.
“This might have something to do with people’s spiritual pursuits and lifestyles in Guangdong. Most rich people in the province made their fortune much earlier and have learned to be grateful,” said Rupert Hoogewerf, chairman and chief researcher of the Hurun Report.
Guangdong’s PRD also boasted the largest number of the wealthiest females in the country.