Heavy equipment tycoon tops rich list

Updated: 2011-09-07 17:48


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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.