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This post was edited by pipscase at 2012-1-27 19:12|
#1 Liang Wen’gen - Net Worth: $11 billionHow he made his fortune:
Mr Liang is the Founder and Chairman of Sany Heavy Industry, whose makes earth-movers, pile drivers and concrete mixers powering the nation's urban transformation. Thanks to the construction boom in China, construction equipments are in high demand.
Mr Liang was born into a poor, mountainous village in the central province of Hunan, China. He left a job in China's Ministry of Ordnance to found his company Sany in 1987, and made his fortune providing the cranes and excavators that have powered China's construction boom. Mr Liang could become the first private business owner to join the ruling Communist Party's powerful central committee, according to reports in China's state media.
According to HuRun Report Mr Liang owns 58% of the company and he plans to take the Company listing at Shanghai Stock Exchange this year.
#2 Zong Qinghou - Net worth: $10.7 billionHow he made his fortune:
Mr Zhong dubbed the "drinks king", is the founder, Chairman and CEO of the Hangzhou Wahaha Group, the leading beverage company in China. His company Wahaha has a 15% share of China's soft drinks market, and sales of nearly a billion dollars a year in children's clothing. Zong is a native of Zhejiang, and has had little formal education.
Over two decades, he grew the company from a shop in a school selling ice lollies and vitamin drinks. In 1989, he established the Wahaha Nutritional Food Factory in Hangzhou to produce Wahaha Oral Liquid for Children. In 1996, Danone bought a 51pc stake in Wahaha, which was initially extremely successful, accounting 10pc of the French group's revenues by 2006. However, in 2007 Danone accused Mr Zong of setting up a parallel set of factories making identical products but which siphoned revenues.
Mr Zong is unusual amongst Chinese businessmen in his focus on philanthropy. But he does not just give his money away. He said hard work was the key to the poor lifting themselves out of poverty. If you give money to the poor "they just spend it," he told.
#3 Li Yanhong (Robin Li) - Net worth: $8.8 billionHow he made his fortune:
Mr Li dubbed the "internet king", is the founder and Chairman of china search engine Baidu in 2000. Li was born in Yangquan, Shanxi, China, where he spent most of his childhood. Both of his parents were factory workers. Li was admitted by Yangquan First High School by achieving the second highest grades in the entrance examination. In high school, Li enjoyed computer class and participated in numerous programming competitions city-wide. In 1987, Li attended the National Higher Education Entrance Examination and achieved the top grade among all examinees in Yangquan. Consequently, he chose Peking University for college where he studied information management for four years and received a Bachelor of Science degree and post gradduate Master of Science degree at University Of Buffalo in the USA.
In the early stages of the development of search engines, Li Yanhong, as one of the earliest researchers in the world, created ESP technology and successfully applied it to the search engine of INFOSEEK/GO.COM. The image search engine from GO.COM is one of his technical innovations with a great application value.
At the end of 1999, bearing a dream of "changing people's life with science and technology", Li Yanhong returned to China and founded Baidu 2000 . After years of effort, Baidu has become the most popular Chinese website in China, the largest Chinese search engine and the largest Chinese website.
In 2005, Baidu completed its successful IPO on NASDAQ, and in 2007 became the first Chinese company to be included in the NASDAQ-100 Index. He was listed in the CNN Money annual "50 people who matter now" in 2007.