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Top 10 real estate billionaires

Xu Jiayin, chairman of Evergrande Group, remains the richest among the world’s billionaires in real estate, with a total wealth of 231 billion yuan. Chinese entrepreneurs won eight spots in the top 10, according to a report released by the Hurun research institute on March 20.

Xu Jiayin has been the richest real estate tycoon for two consecutive years, followed by Li Ka-shing, with wealth of 200 billion yuan. The Yang Huiyan family tied with Lee Shau-kee for third place, whose fortune amounts to 189 billion yuan.

Five billionaires are tied for fifth with 119 billion yuan, including Wang Jianlin, Cheng Kar-shun, Lau Luen-hung, American businessman Donald Bren and 29-year-old Hugh Grosvenor from the United Kingdom, the world’s youngest real estate tycoon.

Yao Zhenhua, chairman of Baoneng Group, ranked tenth with a net wealth of 112 billion yuan.

The Hurun Global Real Estate Rich List 2020 noted there are 256 billionaires on the list globally, up 17 from the previous year, each with wealth exceeding $1 billion.

China has 139 billionaires with a combined wealth of 586 billion yuan, followed by the United States and the United Kingdom with 34 and 17 billionaires respectively.

Let’s see the world’s top 10 billionaires in the real estate industry.

No 10 Yao Zhenhua, China, Baoneng Group

Wealth: 112 billion yuan

Yao Zhenhua, chairman of Shenzhen-based Baoneng Group. [Photo/baoneng.com]

No 5(tie) Hugh Grosvenor, United Kingdom, Grosvenor Group

Wealth: 119 billion yuan

Hugh Grosvenor, the seventh Duke of Westminster and owner of Grosvenor Group. [Photo/Agencies]

No 5(tie) Donald Bren, United States, Irvine Company

Wealth: 119 billion yuan

Donald Bren, chairman of Irvine Company. [Photo/forbes.com]

No 5(tie) Lau Luen-hung, China, Chinese Estates Holdings

Wealth: 119 billion yuan

Lau Luen-hung, ex-chairman of Chinese Estates Holdings. [Photo/Agencies]

No 5(tie) Cheng Kar-shun, China, New World Development Company Limited

Wealth: 119 billion yuan

Cheng Kar-shun, chairman of New World Development Company Limited. [Photo/nwd.com.hk]

No 5(tie) Wang Jianlin, China, Wanda Group

Wealth: 119 billion yuan

Wang Jianlin, chairman of Wanda Group, attends a ceremony in Beijing on Sept 25, 2010. [Photo/Sipa]

No 3(tie) Yang Huiyan, China, Country Garden Holdings

Wealth: 189 billion yuan

Yang Huiyuan, vice-chair of Country Garden Holdings. [Photo/forbes.com]

No 3(tie) Lee Shau-kee, China, Henderson Land Development

Wealth: 189 billion yuan

Lee Shau-kee, founder and chairman of Henderson Land Development, poses in front of a model during a news conference in Hong Kong on Jan 15, 2015. [Photo/Agencies]

No 2 Li Ka-shing, China, CK Hutchison Holdings

Wealth: 200 billion yuan

Li Ka-shing, chairman of CK Hutchison Holdings, on Nov 22, 2012. [Photo/Sipa]

 

No 1 Xu Jiayin, China, Evergrande Group

Wealth: 231 billion yuan

Xu Jiayin, chairman of Evergrande Group, speaks at a football club meeting in Guangzhou on Feb 25, 2019. [Photo/Xinhua]

 

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