Xu Jiayin is the worlds richest man in real estate

 Xu Jiayin is the worlds richest man in real estate

Technology is still the largest wealth creation sector, accounting for 18% of the total wealth, followed by investment, accounting for 11%, retail, accounting for 9%, and real estate, accounting for 8.5%.

The Ma Yun family, who is at the helm of the Ali family, ranks first among the Chinese with a fortune of 315 billion yuan. Its total wealth is 15% higher than that of last year, ranking 21st in the world, one higher than that of last year. Next came Ma Huateng, another Chinese technology giant, ranking 22nd in the world, with a year-on-year increase of 16% to 308 billion yuan.

Besides the technology industry, there are not a few rich people who make their fortune by the real estate industry. In terms of number of entrepreneurs, 9.6% of them are mainly from real estate, second only to 12.7% of source technology.

Top 10 of Chinas richest people

Xu Jiayin is still the richest man in real estate in the world

With 231 billion yuan, Evergrandes Xu Jiayin is the richest real estate man in the world. This is the third time that Xu Jiayin has become the richest real estate man in the world. The last one is Wandas Wang Jianlin family. In China, Xu Jiayin ranks the third only after Ma Yun and Ma Huateng, and the 31st in the world.

However, although he is the richest real estate man in the world, compared with himself, Xu Jiayins fortune in the past three years is regressive. In the 2018 Hurun global rich list, Xu Jiayins fortune soared 242% year-on-year to 260 billion yuan. The ranking also soared from the 98th place in the world in the previous year to the 20th place, ranking first in global real estate.

Since then, Xus fortune and ranking have been shrinking. In 2019, the total wealth will be 250 billion yuan, ranking 26 globally; in 2020, the total wealth will be reduced by 19 billion yuan to 231 billion yuan, ranking 31 globally.

Yang Huiyans family, which owns the country garden, the first real estate enterprise in the universe, has a total wealth of 189 billion yuan, an increase of 17% compared with the previous year, but its global ranking has declined by three places, ranking 38th.

The experience of Yang Huiyans family is similar to that of Xu Jiayin. In 2018, the wealth of Yang Huiyans family soared by 268% to RMB 200 billion, and the global ranking rose from 152 to 26, even more than that of Xu Jiayin. In 2019, the global ranking dropped to 25th, and the wealth shrank to 160 billion yuan. In 2020, the wealth rose but the ranking still declined.

The market value of its listed companies is one of the important criteria to measure the wealth of entrepreneurs. According to Hurun global rich list, the statistical time of 2018 list is from February 1, 2017 to January 31, 2018, which is the highlight time of Evergrande and country garden.

In 2017, the sales volume of country garden and Evergrande increased from 300 billion yuan to 500 billion yuan, becoming the top real estate enterprise in the industry. The scale of country garden ranks first in the industry, and Evergrande ranks third. Meanwhile, Evergrande has become the profit king of real estate with a core net profit of 40.5 billion yuan. The rapid growth of performance has also pushed the stock price up.

During the period from February 1, 2017 to January 31, 2018, country gardens share price increased by 289.3% from HK $3.93 to HK $15.3, while Evergrandes share price increased by 372.2% from HK $4.82 to HK $22.76. This has undoubtedly contributed to the rise of Xu Jiayin and Yang Huiyans family, as well as their rapid rise in the global ranking.

Yan Yuejin, a well-known real estate commentator, believes that the main reason is that under strict sales and financial control, the overall growth rate of the real estate industry has slowed down, while the growth rate of the head real estate enterprises with a large scale is relatively slow.

According to time finance, in the past 2019, the sales of country garden and Evergrande have only increased by 10% and 9% year-on-year. On January 31, 2020, the share price of the former is HK $9.96/share, and that of the latter is HK $16.82/share, both down from the same period in 2018.

Hong Kong capital is stable, sun Hongbin is up 100

In addition to the Xu Jiayin and Yang Huiyan families, other real estate entrepreneurs in the top 200 of Huruns global rich list in 2020 perform differently.

Among them, Hong Kong real estate entrepreneurs have been relatively stable, with Li Ka Shings total wealth of 200 billion yuan, a year-on-year decrease of 3%; Kuang Xiaoqing of Sun Hung Kai also fell by 3% to 81 billion yuan. Li Zhaojis family and Zheng Jiachuns family are the same year on year. Liu luangxiongs family and Guo Henians family are up 6% and 7% respectively. Wu Guangzheng and Bao Peirongs family of huidefeng are up the most, up 11%.

However, although their wealth is stable, their global rankings have declined to varying degrees as other entrepreneurs have come from behind. Kuang fell 35 places, ranking 147 globally, the most. Second, the zhengjiachun family and wangjianlin family both fell 11 places, ranking 68th in the world.

In the past 2019, rongchuang achieved sales of 555.63 billion yuan, a year-on-year increase of 20%, ranking fourth in the industry, with a growth rate significantly higher than that of the top three bihengwan. During the period, rongchuang also made several heavy acquisitions, including the acquisition of 51% shares of oceanwide international project plot 1, Shanghai Dongjiadu project, universal century and time global.

As the acquisition can greatly improve the land reserve of rongchuang in the first and second tier cities, international institutions such as Citigroup and Momo are optimistic. From February 1, 2019 to January 31, 2020, rongchuangs share price increased by 25%.

In 2019, Shimao real estate also performed bravely in the M & a market. Through the acquisition of projects or company shares of peers such as Taihe, Yuetai and Fusheng group, the sales scale of Shimao real estate has been growing rapidly. In 2019, its sales volume reached 260.78 billion yuan, up 48.04% year-on-year, the fastest growth among the top ten in the industry.

Xu Rongmaos family has also achieved a 15% growth in the past year, reaching 105 billion yuan, ranking 91 in the world, up 9 places year on year. This is the second year that Xu Rongmaos family entered the top 100 of Huruns global rich list.

Wu Yajun, a famous real estate tycoon in China, ranks 111th in the world with a fortune of 99 billion yuan, up 50 on a year-on-year basis. Longhus share price performance during this period is also relatively eye-catching, rising 40.67% from HK $23.53 on February 1, 2019 to HK $33.1 on January 31, 2020.

Yao Zhenhua, who is not regarded as a traditional real estate developer, has a fortune of 112 billion yuan, an increase of 14% year on year, ranking 82nd in the world, up 6 places from the previous year. Yaos highest record is 62 on the 2017 list.

Source: Time Financial Editor: Zhong Qiming