Heavy equipment tycoon tops rich list
Updated: 2011-09-07 17:48
Liang Wengen, chairman of Sany Heavy Industry Co., tops the Hurun Rich List 2011, China's equivalent of the Forbes list.
A surge in Sany’s share price doubled his fortune last year to $11 billion, Associated Press quoted Rupert Hoogewerf, who compiled the list, as saying.
Zong Qinghou, head of the Wahaha beverage empire, dropped to second place with $10.7 billion, while Robin Li, chairman of the search engine company Baidu Inc., was third, with $8.8 billion.
Consumer goods, Internet and property tycoons dominated the top of the list.