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For a long time, the richest man in China switched back and forth in the "two horses and one Xu", and real estate and the Internet took turns to dominate the list.Nowadays, not only the giants of these two industries have fallen into the altar, the rich in mainland China has experienced a large shrinkage of collective wealth.

In Forbes's latest release of the rich in mainland China, the total wealth of the list has plummeted by 39%, the largest decline in more than 20 years.Of the top 100 rich people, only two of them achieved wealth growth. The wealth of 79 people fell. The leading decline was the Internet and real estate giants.

The founder Zhang Yiming, the founder of Netease Ding Lei, the founder of Pinduoduo, Huang Yan, and the chairman of the board of directors of JD.com have greatly declined.Liu Qiangdong's net worth has shrunk by 53%to $ 8.3 billion (S $ 11.6 billion).

The "two horses" at the top of the list for a long time -Tencent founder Ma Huateng and the founder of Alibaba Ma Yun, the wealth of the two shrinks more than 40 %, and both falls more than 100 billion yuan (S $ 19.4 billion).In the latest China Rich List of the Hurun Research Institute, Ma Yun's net worth fell to the ninth place, 5 billion yuan less than Qin Yinglin, the chairman of Muyuan Co., Ltd., who was raising the pig industry.

In fact, not only the wealth performance of Chinese Internet entrepreneurs is not satisfactory, but the wealthy of global science and technology has also plummeted collectively in the past year.Tesla founder Musk, Amazon founder Bezos, and Google's parent company Alphabet co -founder Page and others have a huge shrinking.

However, the net worth of Chinese and American entrepreneurs is not completely synchronized, showing that the difficulties they face are different.The wealth of the rich and the stock price is inextricably related.Looking at the stock price of China's Internet companies in the past year, it is closely related to geopolitics and Sino -US wrestling.

For example, for example, after the US Securities Regulatory Commission listed the five Chinese stocks as the tentative list of the accountability law of foreign companies on March 11, it triggered that China Stocks collapsed for many consecutive days.At that time, it was also the beginning of the outbreak of the Russian and Ukraine War. China insisted on not looseness in China -Russia relations. For a time, investors worried that it might be a global resistance to Chinese companies.Chinese Entrepreneur Magazine used "Chinese stocks to lose American dreams" to describe the situation at the time.

Because most of the Chinese Internet companies are listed in the United States, they are most impactful.In addition, the wind and control of China's epidemic prevention and control policies also always affect the overall stock price trend.

In the list of Forbes and Hurun Research Institute, the wealth of real estate rich has also evaporated.Yang Huiyan, co -chairman of the board of directors of Country Garden Group, decreased by 110 billion yuan compared with last year, and is the most wealth on the list this year.The rich real estate is lonely in this year's list. Many of the past frequent visits were in the past hundred, including Xu Jiayin, the former richest man in China and the chairman of Evergrande's board of directors.

For a long time in the real estate industry in mainland China, it has played a very important role in the wealth and economic growth of the people.But since this year, not only has the transaction volume decline sharply, but the price of new houses has begun to fall.Real estate companies have defaulted in succession, and due to the shortage of funds, the rotten buildings appear frequently, which has caused the tide of loan suspension across the country.The stock price of major large -scale housing companies has long fallen to the bottom.

The entrepreneurs in the rich list are the most successful and most dynamic groups of Chinese private economy people.In the past 20 of the Communist Party of China, Sun Yeli, a spokesman for the 20th National Congress of the Communist Party of China, once said that the private economy has always been an important economic foundation for adhering to and developing socialism with Chinese characteristics.

Nowadays, the entrepreneurs in the Chinese rich list have a collective shrinkage, showing that private enterprises are in trouble, and it also reflects the various challenges and difficulties faced by the overall economy of China.