Hurun Richest Women in China 2026

HURUN RICHEST WOMEN IN CHINA 2026

21st edition of the Hurun Richest Women in China, spanning twenty years since the first list in 2006

KEY FINDINGS

CHINA'S 50 RICHEST WOMEN TOTAL WEALTH HITS US$287BN, AVERAGE OF US$5.7BN AND CUT-OFF RISES TO US$2.5BN. TWO WOMEN ARE WORTH CNY 100BN OR MORE.

'TOUCHSCREEN QUEEN' JUNE ZHOU QUNFEI, 56, OF SMARTPHONE GLASS MAKER LENS TECHNOLOGY, RICHEST WOMAN IN CHINA FOR THE SECOND TIME - ELEVEN YEARS AFTER SHE FIRST TOOK THE TITLE - WITH US$18.9BN, UP 15%.

ZHONG HUIJUAN, 65, OF PHARMA GIANT HANSOH, SECOND WITH US$18.5BN AND 97-YEAR-OLD KWONG SIU HING OF HONG KONG PROPERTY GIANT SUN HUNG KAI THIRD WITH US$14.3BN.

AI BOOM DRIVES PCB SUPPLY CHAIN. TAIWAN-BASED WANG SIHAN OF COPPER CLAD LAMINATE MAKER GRACE THW SEES WEALTH TRIPLE TO US$11.9BN, BREAKING INTO THE TOP 10 FOR THE FIRST TIME. WANG XIN, 53, OF PCB DRILL BIT MAKER DTECH IS THE HIGHEST NEW FACE, STRAIGHT IN AT NO 7 WITH US$11.4BN.

9 NEW FACES, INCLUDING OU YANG & ZOU YONGHANG OF OPTICAL COMPONENTS MAKER TFC (US$6.2BN), LEE CHUI-HSING OF CHIP DESIGNER MEDIATEK (US$5.7BN) AND HE YI, 40, OF CRYPTO EXCHANGE BINANCE (US$2.8BN).

26 WOMEN SAW THEIR WEALTH RISE, OF WHICH 9 ARE NEW FACES. 35 SAW THEIR WEALTH SHRINK OR STAY FLAT, OF WHICH 11 DROPPED OFF.

BIGGEST FALLERS: ZHONG HUIJUAN OF HANSOH DOWN US$2.5BN (-12%), WU YAJUN OF LONGFOR DOWN US$2.1BN (-25%) AND ZENG FANGQIN OF LINGYI ITECH DOWN US$2BN (-19%).

SEVEN WOMEN BORN IN THE 1980S ARE ON THE LIST – TWO SELF-MADE, HE YI, 40, OF BINANCE AND MIRANDA QU FANG, 41, OF XIAOHONGSHU, ALONGSIDE FIVE HEIRS: KELLY ZONG FULI, 44, YAN XIN, 43, YANG HUIYAN, 45, THERESA XIE QIRUN, 34, AND XU YANGYANG, 43.

ZHOU CHAONAN, ZHOU QUNFEI AND PANSY HO ARE MEMBERS OF THE 14TH CPPCC NATIONAL COMMITTEE. NO WOMAN IN THE TOP 50 IS AN NPC DEPUTY, WHILST 13 OF THE TOP 50 MEN ARE NPC DEPUTIES OR CPPCC MEMBERS.

65% ARE SELF-MADE, FOUNDING THEIR BUSINESSES AT AN AVERAGE AGE OF 32. 35% INHERITED THEIR WEALTH.

GOING GLOBAL: THE THREE BIGGEST WOMEN-LED CONTRACT MANUFACTURERS – WANG LAICHUN’S LUXSHARE, ZHOU QUNFEI’S LENS AND ZENG FANGQIN’S LINGYI – EMPLOY 650,000 PEOPLE BETWEEN THEM, WITH LUXSHARE ALONE EMPLOYING OVER 150,000 PEOPLE OUTSIDE MAINLAND CHINA, MOST OF THEM IN VIETNAM.

HONG KONG IS THE PREFERRED PLACE OF RESIDENCE WITH 7, FOLLOWED BY SHENZHEN WITH 5, AND BEIJING, SHANGHAI AND FOSHAN WITH 3 EACH. BY BIRTHPLACE, GUANGDONG RETAKES THE LEAD WITH 8, FOLLOWED BY JIANGSU WITH 6 – AMONGST THE SELF-MADE WOMEN, JIANGSU AND GUANGDONG CONTRIBUTE 5 EACH.

INDUSTRIAL PRODUCTS IS THE TOP SOURCE OF WEALTH WITH 14%, FOLLOWED BY REAL ESTATE WITH 12% AND HEALTHCARE WITH 10%. 10% OF THE LIST ARE IN AI-RELATED BUSINESSES.

CHINA IS HOME TO 78 OF THE WORLD'S 150 SELF-MADE WOMEN BILLIONAIRES – MORE THAN THE REST OF THE WORLD COMBINED – ACCORDING TO THE HURUN RICHEST SELF-MADE WOMEN IN THE WORLD 2026.

10% OF THE WORLD'S 1,603 UNICORNS HAVE A WOMAN CO-FOUNDER, ACCORDING TO THE HURUN GLOBAL UNICORN INDEX 2026 – THE PIPELINE FOR FUTURE EDITIONS OF THIS LIST. WOMEN MAKE UP 6% OF UNICORN FOUNDERS.

WEALTH CALCULATIONS ARE A SNAPSHOT OF 1 SEPTEMBER 2026. THIS IS THE 21ST EDITION OF THE LIST, SPANNING TWENTY YEARS.

(28 October 2026, Shanghai, China) – Hurun Research today released the Hurun Richest Women in China 2026, a ranking of the 50 richest women in China, drawn from the Hurun China Rich List 2026. Unlike the main Hurun China Rich List, which ranks families and couples together, the women’s list carves out the individual wealth of each woman that can be separated from the family’s wealth. Wealth calculations are a snapshot of 1 September 2026. This is the 21st edition of the Hurun Richest Women in China.

The Hurun Richest Women in China 2026 are worth a combined US$287bn (CNY 1.93tn). The cut-off to make the list was US$2.5bn (CNY 16.5bn), up US$75mn on last year, and the average wealth of the Top 50 was US$5.7bn (CNY 38.6bn) – in renminbi terms a new record, edging past the 2021 peak. Their wealth has more than doubled compared with ten years ago, and is up 2.5% on five years ago. The average age of the Top 50 women is 60, unchanged from last year and three years younger than the Top 50 men. 65% of the women on the list are self-made and 35% inherited their wealth. 31% of their businesses sell directly to consumers (such as Wahaha, Xiaohongshu and Haitian), down 4 percentage points on last year.

Rupert Hoogewerf, Chairman and Chief Researcher of Hurun Group, said:

“June Zhou Qunfei is the richest woman in China for the second time. When she first took the title in 2015, fresh from the Lens Technology IPO, she was the face of the smartphone supply chain; eleven years on, she is back at the top, powered by AI hardware, smart-car displays and smart glasses. Over the past twenty years, eight women have ever topped this list – Yang Huiyan ten times, Zhang Yin three times, Wu Yajun and Zhou Qunfei twice each, and Chen Lihua, Kwong Siu Hing, Zong Fuli and Zhong Huijuan once each. They moved from packaging, property, pharma, beverages to electronics. The women’s crown has tracked the shifts of the Chinese economy itself.”

“Over 70% of the women on this year’s list were not there ten years ago – a sign of how fast the sources of wealth have rotated, with the new fortunes concentrated in contract manufacturing and healthcare. And these are global businesses now: Grace Wang Laichun’s Luxshare Precision generated over US$40bn of overseas revenue last year, June Zhou Qunfei’s Lens Technology over US$6bn and Zeng Fangqin’s Lingyi Itech over US$5.5bn. Between them, these three businesses employ over 650,000 people worldwide: Luxshare alone employs over 150,000 people outside mainland China, most of them in Vietnam, Lens has a major production base in Vietnam, and Lingyi’s factories are in Vietnam, India and Brazil.”

“The AI boom has set off a structural up-cycle in the PCB supply chain, and the biggest beneficiaries are Taipei-based Wang Sihan of Grace THW, who broke into the Top 10 for the first time, Dongguan-based Wang Xin of Dtech, who debuts straight into seventh place, and Hong Kong-based Zhuo Jun and Shenzhen-based Huang Xiaofen of Kinwong. Between them, these businesses cover PCB manufacturing, drilling consumables and base materials – a complete picture of how AI computing power is driving growth across the entire PCB supply chain.”

“Healthcare is the third engine of the women’s list, and this year it made headlines: Zhong Huijuan’s Hansoh signed its second ADC licensing deal with Roche this month, potentially worth over US$15bn – one of the largest out-licensing deals ever by a Chinese pharma company. The sector breaks down into innovative pharmaceuticals, led by Zhong Huijuan and new faces Fan Xiulian & Yang Fei of Haisco; biotechnology, led by Zhao Yan of Bloomage and Zheng Xiangling & Xie Qirun of Sino Biopharmaceutical; and medical devices, led by Jian Yao of Mindray.”

“Almost two-thirds of the Hurun Top 50 women are self-made. They started their businesses at an average age of 32, are 59 years old today and are worth an average of US$5.4bn. The youngest self-made women on this year’s list are He Yi, 40, of crypto exchange Binance with US$2.8bn, and Miranda Qu Fang, 41, of lifestyle platform Xiaohongshu with US$5.1bn.”

“A third of the Hurun Top 50 women inherited their wealth. They took over at an average age of 40, are 61 years old today and are worth an average of US$6.1bn. Wang Sihan of Grace THW ranks sixth with US$11.9bn, steering the Grace THW group of companies alongside her father Wang Wen-yang, her fortune lifted by the AI-driven surge in demand for high-end PCBs. Kelly Zong Fuli of Wahaha ranks fifth with US$12.4bn; her succession, following the death of her father Zong Qinghou, has had its share of twists. Jian Yao of Mindray ranks 40th with US$2.9bn: following her 2020 divorce from Mindray co-founder Xu Hang, she received around a third of his stake in the company.”

“We are almost certainly missing women from this list, and by that same token the wealth of the men is likely overstated. On paper it is often the husbands who hold the shares, but in reality much of that wealth has been co-created with their wives. The wives of China’s richest men are worth considerable fortunes: Zhang Yiming’s wife no less than US$30bn; Zhong Shanshan’s wife Lu Xiaoping and Pony Ma Huateng’s wife no less than US$15bn each; and Colin Huang Zheng’s wife and Jack Ma’s wife Zhang Ying no less than US$10bn each.”

“Friends often ask me what it takes to make this list. This year, women born in the Year of the Pig lead the way – so, tongue firmly in cheek, anyone hoping their daughter might one day make the list could think about planning a new arrival for the next Year of the Pig in five years’ time. For a son with his sights on the Hurun China Rich List, the next Year of the Rabbit in nine years’ time has historically been the most successful sign.”

“This is our 21st edition of the Hurun Richest Women in China. For twenty years we have been telling the stories of China’s women entrepreneurs – ever since 2006, when Zhang Yin became China’s first and only self-made woman to top the China Rich List. This list presents only the Top 50 of the more than 560 women on the Hurun China Rich List, who now make up over 23% of it. We tell their stories in the hope of passing on the entrepreneurial spirit of Chinese women – and that the next twenty years produce even more of them.”

Top 10

Two new faces broke into the Top 10: Wang Sihan of Grace THW, whose wealth surged 224% to US$11.9bn as the AI boom drove demand for high-end PCB materials, and Wang Xin, 53, of PCB drill bit maker Dtech, who debuts straight into seventh place with US$11.4bn – the highest new entrant of the year. June Zhou Qunfei, 56, of Lens reclaimed the top spot with US$18.9bn, up 15%, eleven years after first topping the list; Zhong Huijuan, 65, of Hansoh slipped to second with US$18.5bn, down 12%; and Kwong Siu Hing, 97, of Sun Hung Kai rose two places to third with US$14.3bn, up 16%, as HK property turns the corner.

Fan Hongwei, 59, of chemicals-cum-shipbuilder group Hengli was the other big climber, up six places to eighth with US$9.7bn, up 63%. The full stories of all 50 women on this year’s list are told in the Appendix. The rest of the Top 10: Grace Wang Laichun of Luxshare holds fourth with US$13.4bn; Kelly Zong Fuli of Wahaha is fifth with US$12.4bn, down two places; Zeng Fangqin of Lingyi Itech is ninth with US$8.3bn, down three; and Zhang Hongxia of Weiqiao Pioneering is tenth with US$8bn, her sister Zhang Yanhong, 50, close behind at eleventh with US$7.9bn.

Source: Hurun Richest Women in China 2026

↑ Rank up yoy  ↓ Rank down yoy  - No change  * New to Top 10

Biggest risers

26 of the Top 50 women grew their wealth this year, of whom 9 are new faces. The biggest risers were Wang Sihan, up US$8.2bn (+224%), on AI-driven demand for the high-end PCB materials her Grace THW group supplies; Fan Hongwei of Hengli, up US$3.7bn (+63%), as petrochemical margins recovered and its new shipbuilding arm filled its order books; June Zhou Qunfei, up US$2.5bn (+15%), on the AI hardware boom and a well-received Hong Kong listing; Miranda Qu Fang of Xiaohongshu, up US$2.2bn, on much-improved profitability at the social platform; and Kwong Siu Hing of Sun Hung Kai, up US$1.9bn.

Source: Hurun Richest Women in China 2026

New faces

Source: Hurun Richest Women in China 2026

Wang Xin, 53, of Dongguan-based Dtech, is the biggest new arrival with US$11.4bn. She started out from scratch in 1997 with a trading business for electronic materials, later moving into the independent R&D and manufacturing of PCB drill bits, and took Dtech public on the ChiNext board in 2022.

Ou Yang & Zou Yonghang of TFC Communication (US$6.2bn), which has benefited from its partnership with Nvidia, and Lee Chui-Hsing of MediaTek (US$5.7bn), which counts Nvidia as an investor, both debut on the AI boom. Other new faces include Zhang Ning of Red Avenue (US$3.7bn), riding booming domestic demand for photoresists; Huang Xiaofen of Kinwong (US$3.1bn); Wu Lanlan of Yuto Packaging (US$3.1bn); and Fan Xiulian & Yang Fei of Haisco Pharmaceutical (US$3bn), whose core product holds the No 1 share of China’s intravenous anaesthesia market.

He Yi of Binance (US$2.8bn) and Liang Qin of Yangjie Technology (US$2.6bn) also join the list, with wealth sources spanning a cryptocurrency exchange and semiconductors.

Wealth decreases and drop-offs

35 women saw their wealth shrink or stay flat, of whom 11 dropped off the list. Zhong Huijuan of Hansoh saw the biggest absolute fall, down US$2.5bn (-12%), giving back part of last year’s 83% surge – at US$18.5bn she is still worth over 60% more than two years ago. Wu Yajun of Longfor fell US$2.1bn (-25%), and is now worth barely 40% of her 2020 peak of CNY 110bn, as the property downturn grinds through its fifth year. Zeng Fangqin of Lingyi Itech fell US$2bn (-19%): within the Apple supply chain the market is paying for AI exposure, and whilst Lens has re-rated on smart glass and Luxshare on AI servers, Lingyi’s margins on smartphone components have been under pressure – she is still worth nearly 50% more than two years ago.

11 women dropped off the list this year, including Chen Lihua of Fu Wah International – the Number One of 2016 – who passed away in April. The other ten were Guo Meilan of Hec Technology, Jian Jun of Imeik, Yang Xia of Jinbo, Zhou Xiaoping & family of Shinye, Luo Yi of Hoshine, Li Haiyan of Haidilao, Guan Yamei of Tongwei, Shu Ping of Haidilao, Wang Koo Yik-Chun & family of Johnson Electric and Lin Huiying of Biel Crystal. Most of the drop-offs were share-price driven, as the cut-off rose to US$2.5bn. Solar and materials were hit hardest – Tongwei and Hoshine fell away with the slump in silicon prices – alongside consumer names, with hotpot chain Haidilao’s two co-founders both dropping off, and Apple-chain suppliers such as Biel Crystal correcting after last year’s Hong Kong IPO wave.

Where they live

Hong Kong remains the preferred place of residence with 7 women, whilst Shenzhen overtook Beijing for second place. Among the Top 50 men, Hong Kong also leads with 9.

For the women, Guangdong overtook Jiangsu for birthplaces, whilst for the Top 50 men, it was Zhejiang, Jiangsu and Guangdong.

Source: Hurun Richest Women in China 2026

What industries are they in?

Industrial products are the most concentrated source of wealth for the Top 50 women, at 14%. The seven women span the supply chain rather than a single trade. Three are contract manufacturers long embedded in the Apple supply chain – June Zhou Qunfei of Lens, Grace Wang Laichun of Luxshare and Zeng Fangqin of Lingyi – now riding demand from AI hardware, electric vehicles and robotics whilst shifting production into Southeast Asia as selling into the US gets harder. Three are component and consumables makers riding the AI server boom: Zhuo Jun and Huang Xiaofen of PCB maker Kinwong and Wang Xin of PCB drill-bit maker Dtech. The seventh, Qian Peixin of Hengli Hydraulic, makes the high-pressure cylinders inside the world’s excavators. Real estate, mainly Hong Kong old money, follows with 12%. Healthcare, at 10%, breaks down into innovative pharmaceuticals (Zhong Huijuan of Hansoh; Fan Xiulian & Yang Fei of Haisco), biotechnology (Zhao Yan of Bloomage; Zheng Xiangling & Xie Qirun of Sino Biopharmaceutical) and medical devices (Jian Yao of Mindray). Energy is led by batteries: Luo Jinhong of EVE Energy and Chen Qiongxiang of CATL, on the back of the EV and energy-storage boom, alongside Zhao Baoju of gas distributor ENN. Investment, non-ferrous metals & mining, chemicals and energy each account for 8%, tied for fourth.

For the Top 50 men, media & entertainment and consumer goods tie for first place at 12% each, semiconductors break into the top five at 10%, followed by industrial products and real estate.

Source: Hurun Richest Women in China 2026

Hot sectors

AI-related businesses account for 10% of the list, followed by high-end equipment (8%), new energy (6%) and Web3 (4%). Social media and new materials each account for 2%.

Source: Hurun Richest Women in China 2026

Self-made or inherited?

65% of the women on the list are self-made, broadly unchanged from last year. Some built their businesses entirely on their own – such as Grace Wang Laichun of Luxshare Precision, Zeng Fangqin of Lingyi Itech and Wu Yajun of Longfor – whilst others co-founded their businesses with their husbands, such as Fan Hongwei of Hengli, Luo Jinhong of EVE Energy and Wang Xin of Dtech.

35% inherited their wealth – either as heirs, such as Kelly Zong Fuli of Wahaha and Yang Huiyan of Country Garden, or as widows and wives regarded as holding part of their husbands’ wealth, such as Kwong Siu Hing of Sun Hung Kai, Chen Jinxia of Yongjin and Zhu Yan of KE Holdings.

Zodiac signs

Women born in the Year of the Pig lead with 8, followed by Snakes and Tigers with 5 each. Dragons, Horses, Dogs, Oxen and Goats each have 4; Rats and Monkeys have 3 each; Roosters and Rabbits bring up the rear with just 2 each. For the Top 50 men, Rabbits lead with 9, ahead of Pigs with 7.

Source: Hurun Richest Women in China 2026

Five, ten, fifteen and twenty years ago

Go back twenty years and it was manufacturing that led: three of the 2006 top five were industrialists – Zhang Yin in paper, Lv Hui & Chen Ningning in steel trading and the Yang Wenying family in the mobile-phone supply chain – against just one property developer. Property then rose to dominate: four of the top five fifteen years ago, and three both ten and five years ago.

Twenty years ago, on the very first Hurun Richest Women in China list in 2006, packaging queen Zhang Yin led with CNY 27bn, followed by steel-trading mother-and-daughter team Lv Hui & Chen Ningning of Jiaxin and Beijing property developer Chen Lihua. Two of that first top five are still on the list today – Zhang Yin, now 21st, and Lv Hui & Chen Ningning, now 47th – whilst Chen Lihua went on to top the list in 2016 and passed away in April this year.

In 2021, Zhong Huijuan and Kwong Siu Hing tied for fifth place.

Source: Hurun Research Institute

The list over the years

The average wealth of the Top 50 in 2026 (CNY 38.6bn) is the highest in the 21-year history of the list in renminbi terms, edging past the previous peak of CNY 37.7bn in 2021. In US dollar terms, at US$5.7bn, it is just below the 2021 peak, reflecting the weaker renminbi.

Source: Hurun Research Institute; from 2021 the list includes Hong Kong, Macao and Taiwan

Political roles

Three women on the list are members of the 14th National Committee of the CPPCC: Zhou Chaonan, June Zhou Qunfeiand Pansy Ho. None are deputies to the National People’s Congress. By comparison, 13 of the Top 50 men are deputies to the 14th NPC or members of the 14th CPPCC.

Passed away

Chen Lihua of Fu Wah International – the richest woman in China in 2016 – passed away in April this year at the age of 85. A former factory seamstress who built a Beijing property empire and founded the China Red Sandalwood Museum, she was one of only eight women to have topped this list in its 21-year history, and a long-standing member of the CPPCC for five consecutive terms.

Methodology

Hurun Research collected all publicly available information on the candidates and cross-checked it repeatedly, using market values to assess their wealth.

Our information comes from four main channels: first, stock market announcements, covering the Mainland and Hong Kong main boards and ChiNext, as well as Singapore, Nasdaq, New York, Toronto, London and Sydney; second, media reports; third, field interviews – our team travels across the country interviewing entrepreneurs, journalists and local government bodies and attending relevant seminars; and fourth, our extensive database we have built up over more than two decades.

“Listed entrepreneurs” include entrepreneurs born and raised in China, regardless of their current nationality or place of residence, as well as entrepreneurs born outside China and living in China.

The cut-off date for valuing listed companies is 1 September 2026. Exchange rates used: US$1 = CNY 6.72; HK$1 = CNY 0.86; NT$1 = CNY 0.22.

Related information

Hurun China Rich List

In October 2026, Hurun Research released the Hurun China Rich List 2026, finding 1,529 individuals with wealth of CNY 5bn (equivalent to US$700mn) or more, up 6.6% or 95 individuals from last year. Women made up 23.2% of the list, up 0.8 percentage points, of which over 70% are self-made. Zhang Yiming, 43, of ByteDance became the richest person in China for the second time, with a record CNY 670bn.

Hurun Global Rich List

In March 2026, Hurun Research released the Hurun Global Rich List 2026, a ranking of the 4,020 US dollar billionaires in the world. China led with 1,110, followed by the USA with 1,000 and India with 308. Elon Musk was the richest person in the world, with US$792bn.

Hurun Richest Self-Made Women in the World

In March 2026, Hurun Research released the Hurun Richest Self-Made Women in the World 2026, a ranking of the 150 self-made women US dollar billionaires in the world – a record high and double that of ten years ago. China dominated with 78, more than the rest of the world combined, followed by the USA with 40 and the UK with 5. Diane Hendricks, 79, of US roofing supplier ABC Supply retained the world crown with US$24bn; Zhong Huijuan of Hansoh was Asia’s richest self-made woman and second overall, with June Zhou Qunfei third.

Hurun Global Unicorn Index

In June 2026, Hurun Research released the Hurun Global Unicorn Index 2026, a ranking of the world’s startups founded in the 2000s, worth over US$1bn and not yet listed on a public exchange. The number of unicorns reached 1,603, a world record. The USA led with 806, followed by China with 381.

For more information, see www.hurun.net

Hurun Richest Women in China 2026 – Top 50

Source: Hurun Research Institute

Appendix: Hurun Richest Men in China 2026 – Top 50

Source: Hurun Research Institute

Appendix: The Stories of the Top 50

How they started, key milestones and what they are in the news for – followed by an analysis of what these stories have in common, how the women compare with the Top 50 men, and why China has produced more self-made women billionaires than the rest of the world combined.

1. June Zhou Qunfei, 56 – Lens Technology – US$19.0bn (CNY 127bn) – Changsha

Born in 1970 in a village in Hunan’s Xiangtan, Zhou Qunfei went to Shenzhen as a migrant worker, making watch glass on a factory line. In 1993, aged 23, she started her own glass-processing workshop, which grew into Lens Technology – the company that put glass covers on the world’s first full-touchscreen smartphones. When Lens listed on ChiNext in March 2015 she became China’s richest woman for the first time. This year she reclaimed the title, eleven years on, powered by AI hardware, smart-car displays and a July 2025 Hong Kong listing that was 462 times oversubscribed. Overseas business accounts for over half of Lens’ revenue, with a major production base in Vietnam.

2. Zhong Huijuan, 65 – Hansoh Pharmaceutical – US$18.5bn (CNY 124bn) – Lianyungang

A chemistry teacher in Lianyungang, Zhong Huijuan left the classroom in 1996, aged 35, to build Hansoh Pharmaceutical. Her husband Sun Piaoyang built Hengrui Medicine, making them the most successful couple in Chinese pharma. Hansoh listed in Hong Kong in 2019 and has moved decisively into innovative drugs: in October it signed its second ADC licensing deal with Roche – a multi-project partnership worth potentially over US$15bn, with a US$400mn upfront payment, one of the largest out-licensing deals ever struck by a Chinese pharma company. Daughter Sun Yuan, a Hansoh executive director, shares the fortune with her.

3. Kwong Siu Hing, 97 – Sun Hung Kai Properties – US$14.3bn (CNY 96bn) – Hong Kong

The matriarch of Hong Kong’s largest property developer. Kwong Siu Hing married Sun Hung Kai co-founder Kwok Tak-seng; when he died in 1990, she became the anchor of the family trust that controls the company, through sons Walter, Thomas and Raymond. At 97 she is the oldest woman in the Top 10, and a stabilising HK property market lifted her wealth 16% this year.

4. Grace Wang Laichun, 59 – Luxshare Precision – US$13.4bn (CNY 90bn) – Shenzhen

Born in Shantou, Guangdong, Wang Laichun joined Foxconn’s first Shenzhen factory in 1988 as an assembly-line worker and spent a decade on the line, rising to section chief. In 1999 she left to start what became Luxshare Precision with her brother Wang Laisheng, listing it in Shenzhen in 2010. From cables and connectors she built the company that assembles AirPods and, increasingly, iPhones – and is now pushing into AI servers and electric vehicles. Luxshare employs 416,000 people – over 150,000 of them outside mainland China, most of them in Vietnam – and generates over US$40bn of overseas revenue, 88% of its total.

5. Kelly Zong Fuli, 44 – Wahaha – US$12.4bn (CNY 83.5bn) – Hangzhou

The only child of Wahaha founder Zong Qinghou, Zong Fuli studied in the US at Pepperdine and joined the family drinks business in 2004, aged 22, running its Hongsheng subsidiary before taking the helm after her father’s death in February 2024. Her succession – including a brief resignation and reinstatement in mid-2024 and a publicised dispute over her father’s estate – has been one of the most watched business stories in China. She topped the women’s list in 2024.

6. Wang Sihan – Grace THW – US$11.9bn (CNY 79.5bn) – Taipei

Granddaughter of Formosa Plastics founder Wang Yongqing and daughter of Wang Wen-yang, Wang Sihan holds a doctorate from Imperial College London and steers the Grace THW group alongside her father. Grace THW makes copper clad laminates – the base material of printed circuit boards – and the AI boom sent demand for high-end PCB materials surging: her wealth rose 224% this year, the biggest gain on the list, lifting her 24 places to No 6.

7. Wang Xin, 53 – Dtech – US$11.4bn (CNY 76.5bn) – Dongguan

Born in Nanyang, Henan, Wang Xin started out in 1997, aged 24, with a small electronic-materials trading counter, before moving into making PCB drill bits – the consumable tools that drill the holes in circuit boards. She took Dtech public on ChiNext in 2022 and added a Hong Kong listing in July 2026. One in every three PCB drill bits in the world comes from Dtech, and the AI server boom has made them a hot commodity: she debuts straight into seventh place, the highest new face of the year.

8. Fan Hongwei, 59 – Hengli Group – US$9.7bn (CNY 65bn) – Suzhou

An accountant by training, Fan Hongwei and her husband Chen Jianhua bought a near-bankrupt weaving mill in 1994 and built it into Hengli – a giant running from polyester and petrochemicals to, most recently, shipbuilding. Her wealth rose 63% this year, the second-biggest gain on the list. On the men’s list, the couple appears together at No 9.

9. Zeng Fangqin, 61 – Lingyi Itech – US$8.3bn (CNY 56bn) – Shenzhen

Zeng Fangqin founded Lingyi in 2006, aged 41, making precision components and casings for smartphones. Today Lingyi employs over 100,000 people, with factories in Vietnam, India and Brazil run mainly by local staff, and overseas revenue of over US$5.5bn. Her wealth fell 19% this year as consumer electronics margins tightened.

10. Zhang Hongxia, 55 – Weiqiao Pioneering – US$8.0bn (CNY 54bn) – Binzhou

Daughter of Weiqiao founder Zhang Shiping, who died in 2019, Zhang Hongxia is party secretary and president of the Binzhou-based group – one of the world’s largest aluminium and textiles producers – which she runs alongside her brother Zhang Bo, the chairman, and her sister Zhang Yanhong. She is a delegate to the 20th National Party Congress.

11. Zhang Yanhong, 50 – Weiqiao Pioneering – US$7.9bn (CNY 53bn) – Binzhou

Zhang Hongxia’s younger sister, long responsible for the group’s textiles business. The two sisters sit side by side at No 10 and No 11 – a rare sister act at the top of Chinese business.

12. Zhou Chaonan, 66 – Range Technology – US$7.3bn (CNY 49bn) – Langfang

Zhou Chaonan founded Range Technology in 2009, aged 49, building data centres in Langfang, between Beijing and Tianjin. The AI compute boom has turned her IDC parks into AIDC parks; she took the company public in 2022 and her wealth rose 17% this year. She is a member of the 14th CPPCC National Committee and – and one of Hebei’s richest self-made women.

13. Yan Xin, 43 – Susun Group – US$7.1bn (CNY 47.5bn) – Huai’an

Daughter of Yan Jiehe, founder of Pacific Construction, Yan Xin chairs the Susun infrastructure-construction group carved out of her father’s empire – one of the clearest second-generation successions in Chinese private business.

14. Wu Yajun, 62 – Longfor – US$6.4bn (CNY 43bn) – Beijing

A former newspaper journalist, Wu Yajun co-founded property developer Longfor in Chongqing in 1993 and listed it in Hong Kong in 2009. She topped the women’s list in 2011 and 2012 and is renowned for Longfor’s quality and conservatism – but the property downturn has still cut her wealth by a quarter this year. She stepped down as chair in 2022.

15. Ou Yang & Zou Yonghang, 58, - – TFC Communication – US$6.2bn (CNY 41.5bn) – Suzhou

The highest-ranked new faces of the year after Wang Xin. Mother and daughter hold their fortune through TFC Communication of Suzhou, which makes optical components for the fibre-optic modules inside AI data centres – another quiet winner of the AI infrastructure boom.

16. Zhu Yan, 55 – KE Holdings – US$5.8bn (CNY 39bn) – Beijing

Wife of the late Zuo Hui, the founder of Beike and Lianjia who died in 2021. Zhu Yan holds the family stake in KE Holdings, the property-services platform that dominates China’s home transactions.

17. Lee Chui-Hsing – MediaTek – US$5.7bn (CNY 38.5bn) – Hsinchu

Wife of MediaTek chairman Tsai Ming-kai. MediaTek’s chips power a third of the world’s smartphones and are moving into AI edge computing, lifting the family fortune.

18. Lin Chang Su-E & family, 86 – Federal Group – US$5.3bn (CNY 35.5bn) – Taipei

At 86, one of the oldest women on the list. The family behind Taipei-based Federal Group, with interests in property and financial services in Taiwan.

19. Miranda Qu Fang, 41 – Xiaohongshu – US$5.1bn (CNY 34bn) – Shanghai

Qu Fang co-founded Xiaohongshu (RedNote) in 2013 with Charlwin Mao Wenchao, building it from a shopping-guide app into China’s lifestyle platform of 300 million users. The “TikTok refugee” wave of early 2025 gave it a global moment, and Xiaohongshu’s valuation rose to CNY 340bn on the Hurun Global Unicorn Index 2026. Her wealth rose 79% this year. She is one of only two self-made women on the list born after 1985.

20. Chen Jinxia, 58 – Yongjin Group – US$5.0bn (CNY 33.5bn) – Shanghai

Widow of Wei Dong, the founder of the Yongjin investment group, who died in 2008. Chen Jinxia has run the empire ever since – stakes in pharmaceuticals and financial services – and is famously low-profile, rarely appearing in public.

21. Zhang Yin, 69 – Nine Dragons Paper – US$4.7bn (CNY 31.5bn) – Dongguan

Sometimes known by her Hong Kong name, Cheung Yan. An accountant in Shenzhen, she moved to Hong Kong in 1985 to trade waste paper, then founded Nine Dragons Paper in Dongguan in 1995, importing scrap paper from America and turning it into containerboard. The 2006 Hong Kong IPO made her China’s richest person – the first woman ever to top the Hurun China Rich List – and she went on to lead the women’s list three times. The “Queen of Cardboard” has since bought paper mills in the US and Southeast Asia.

22. Pansy Ho, 64 – Shun Tak / MGM China – US$4.6bn (CNY 31bn) – Hong Kong

Daughter of Macau gaming patriarch Stanley Ho, Pansy Ho built her own career at Shun Tak Holdings – ferries, property and hotels – and as co-chair of MGM China, before inheriting the family’s core role after her father’s death in 2020. A member of the 14th CPPCC National Committee, she is the public face of Macau’s post-Covid tourism recovery.

23. Song Chuanying, 79 – Xinfa Group – US$4.5bn (CNY 30.5bn) – Liaocheng

Wife of Xinfa founder Zhang Xuexin, who built the family aluminium giant from a thermal power plant in Chiping, Shandong – and, remarkably, continued working as an ordinary boiler hand at the company long after it became an empire. The family holding is today shared with their son Zhang Gang, whose family ranks No 32 on the men’s Top 50. Xinfa has bauxite mines in Indonesia, Fiji and Australia.

24. Cheng Xue, 56 – Haitian – US$4.3bn (CNY 29bn) – Foshan

The “soy sauce queen”. Cheng Xue joined Foshan Haitian as an engineer in the 1990s and rose to vice-chair and president, helping turn a centuries-old sauce maker into China’s condiment champion. Haitian was listed in Shanghai in 2014 and added a Hong Kong listing in 2025.

25. Chen Liling & Xu Yangyang, -, 43 – Dali Foods – US$4.1bn (CNY 27.5bn) – Quanzhou

Chen Liling is the wife of Dali Foods founder Xu Shihui; daughter Xu Yangyang, 43, is the successor-in-waiting and one of the five post-80s heirs on the list. Dali – biscuits, snacks and drinks from Fujian – was listed in Hong Kong in 2015 and was taken private again in 2023.

26. Zhuo Jun, 60 – Kinwong Electronic – US$4.0bn (CNY 27bn) – Hong Kong

Co-controlling shareholder of Kinwong, the Shenzhen-based printed circuit board maker founded in 1993 and listed in Shanghai in 2017; her investment vehicle holds a 28% stake. Kinwong’s boards go into cars, servers and industrial equipment, and the company filed for a Hong Kong listing in January this year. The AI boom lifted her wealth 42% this year.

27. Yang Huiyan, 45 – Country Garden – US$3.9bn (CNY 26bn) – Foshan

Daughter of Country Garden founder Yang Guoqiang, who transferred her his controlling stake in 2007 when she was 25 – making her, briefly, the richest person in China. She has topped the women’s list a record ten times. An Ohio State graduate, she has spent the past three years steering Country Garden through the property crisis and its offshore debt restructuring; her main source of wealth is now classified as investment rather than property.

28. Ye Qiongjiu, 72 – Hithink RoyalFlush – US$3.7bn (CNY 25bn) – Hangzhou

Wife of Yi Zheng, founder of Hithink RoyalFlush, the Hangzhou fintech whose stock-trading software is on tens of millions of Chinese phones.

29. Zhang Ning, 52 – Red Avenue – US$3.6bn (CNY 24.5bn) – Shanghai

Zhang Ning built Red Avenue from speciality chemicals for tyres into new materials – including photoresists for semiconductor manufacturing – and listed it in Shanghai in 2018. She is the face of the “new materials” niche on this year’s list.

30. Luo Jinhong, 59 – EVE Energy – US$3.5bn (CNY 23.5bn) – Huizhou

Co-founded battery maker EVE Energy with her husband Liu Jincheng in 2001; EVE was among the very first companies to list on ChiNext in 2009. From consumer batteries, it has ridden the global EV and energy-storage boom to become one of the world’s largest battery makers.

31. Zhu Linyao, 56 – Huabao International – US$3.5bn (CNY 23.5bn) – Shenzhen

The “flavours queen”: Zhu Linyao built Huabao International into China’s dominant maker of tobacco flavours and fragrances, listed in Hong Kong. She was subject to an official investigation in 2022, after which she returned to the company.

32. Qian Peixin, 60 – Hengli Hydraulic – US$3.4bn (CNY 22.5bn) – Changzhou

Wife of Wang Liping, founder of Hengli Hydraulic – the Changzhou company whose high-pressure cylinders sit inside the world’s excavators. Hengli was listed in Shanghai in 2011 and broke the foreign monopoly on high-end hydraulics.

33. Luo Qianqian, 52 – Shanda – US$3.3bn (CNY 22bn) – California

Wife of Chen Tianqiao, who made Shanda China’s first online-games giant with a 2004 Nasdaq listing, then took it private in 2012. Based in California, the couple now run global investments and funds brain-science research through their Tianqiao and Chrissy Chen Institute.

34. Chen Qiongxiang – CATL (early investor) – US$3.2bn (CNY 21.5bn) – Ningde

One of the great early-stage bets in Chinese business: in 2015, the Ningbo Lianchuang partnership – in which Chen Qiongxiang holds a 20% stake – bought 15% of pre-IPO CATL from its Japanese shareholder for CNY 89mn. CATL was listed in 2018 and became the world’s battery king, turning that stake into billions.

35. Lu Deyan, 59 – Midea – US$3.2bn (CNY 21.5bn) – Foshan

Wife of He Jianfeng, the son of Midea founder He Xiangjian – father and son rank No 5 on the men’s Top 50. Midea, the Foshan appliance giant, added a Hong Kong listing in 2024 and continues its push into robotics and industrial automation.

36. Huang Xiaofen, 63 – Kinwong Electronic – US$3.1bn (CNY 21bn) – Shenzhen

Wife of Kinwong founder-chairman Liu Shaobai, Huang Xiaofen is the group’s largest individual shareholder with a stake of over 21% and has shared in the three-decade build of one of China’s leading PCB makers, now supplying the AI server and automotive booms. Their son Liu Yu took over as CEO in 2022.

37. Wu Lanlan, 52 – Yuto Packaging – US$3.0bn (CNY 20.5bn) – Shenzhen

Co-founded Yuto Packaging with her husband Wang Huajun, growing it into a global maker of premium packaging for consumer electronics – the boxes the world’s smartphones arrive in. Yuto was listed in Shenzhen in 2016.

38. Fan Xiulian & Yang Fei, 63, - – Haisco Pharmaceutical – US$3.0bn (CNY 20bn) – Shenyang

Mother and daughter of the family behind Haisco Pharmaceutical, the anaesthetics and innovative-drugs maker. They are new faces on the list this year as innovative pharma re-rated.

39. Rita Tong Liu, 78 – Gale Well Group – US$3.0bn (CNY 20bn) – Hong Kong

Born in Macau and married into the Chong Hing Bank family, Rita Tong Liu founded Gale Well Group in 1976, investing first in luxury apartments. In the 1990s she famously put her money into parking spaces – buying 180 at a stroke – earning the nickname “Car Park Queen”. After her husband’s death in 2003 she moved into Grade-A office buildings, which the group holds to this day. Her son Wilson Liu Wai-lun is now vice-chairman. She is the richest self-made woman of Hong Kong.

40. Jian Yao – Mindray – US$2.9bn (CNY 19.5bn) – Guangzhou

Jian Yao received her stake in Mindray – China’s largest medical-device maker – in a 2020 divorce settlement with co-founder Xu Hang, making her a billionaire in her own right. Mindray was listed in New York in 2006, privatised in 2016 and relisted on ChiNext in 2018.

41. Chan Tan Ching Fen & family, 102 – Hang Lung Group – US$2.8bn (CNY 19bn) – Hong Kong

The oldest person on the list at 102. Widow of Hang Lung founder Chan Tseng-Hsi, who died in 1986, and mother of long-time chairman Ronnie Chan. Hang Lung’s malls – led by Shanghai’s Plaza 66 – anchor the family fortune across generations.

42. Zhao Yan, 60 – Bloomage – US$2.8bn (CNY 19bn) – Beijing

Zhao Yan built Bloomage from property into the world’s largest producer of hyaluronic acid – the moisturising molecule in skincare and medical aesthetics – listing Bloomage Biotech on the STAR Market in 2019. As medical aesthetics cooled, her wealth fell 25% this year.

43. He Yi, 40 – Binance – US$2.8bn (CNY 18.5bn) – Dubai

A former television presenter, He Yi was an early crypto entrepreneur at OKCoin before co-founding Binance with Changpeng Zhao in 2017. Based in Dubai, she is the youngest self-made woman on the list. Binance is the world’s eighth most valuable unicorn at CNY 476bn on the Hurun Global Unicorn Index 2026.

44. Pan Dong, 61 – Blue Moon – US$2.7bn (CNY 18bn) – Guangzhou

Co-founded Blue Moon with her husband Luo Qiuping and turned laundry liquid into a national habit – the “Blue Moon” brand is synonymous with detergent in China. The company was listed in Hong Kong in December 2020.

45. Peng Lei, 55 – Alibaba / Ant – US$2.6bn (CNY 17.5bn) – Singapore

Lucy Peng is one of the 18 founders of Alibaba and the founding CEO of Alipay, which she built into Ant Group – the fintech giant whose planned 2020 IPO would have been the world’s largest. She is based in Singapore.

46. Liang Qin, 55 – Yangjie Technology – US$2.6bn (CNY 17.5bn) – Yangzhou

Liang Qin built Yangjie Technology from a component trading business into a maker of semiconductor discrete devices – diodes and rectifiers – listing it on ChiNext in 2014. The chip localisation drive makes her a new face this year.

47. Lv Hui & Chen Ningning, 77, 55 – Jiaxin Group – US$2.5bn (CNY 17bn) – Hong Kong

A mother-daughter partnership founded in Hong Kong in 1995 with US$22.5mn. At its peak Jiaxin handled a tenth of China’s iron ore imports, and a 2007 sale of its stake in China Oriental to ArcelorMittal for US$647mn sealed the family fortune. Chen Ningning – whose grandfather Lv Dong was China’s metallurgy minister – is known as the “Steel Princess”.

48. Zheng Xiangling & Xie Qirun, 62, 34 – Sino Biopharmaceutical – US$2.5bn (CNY 17bn) – Hong Kong

Zheng Xiangling is the wife of Sino Biopharmaceutical founder Tse Ping; their daughter Xie Qirun (Theresa Tse) became chair in 2015, aged 23 – one of the youngest chairs of a major listed company anywhere. She has since pushed the group into innovative drugs and overseas licensing deals.

49. Zhang Xin, 61 – SOHO China – US$2.5bn (CNY 17bn) – New York

Zhang Xin worked in Hong Kong factories as a teenager, studied in England and worked at Goldman Sachs before co-founding SOHO China with Pan Shiyi in 1995, listing it in Hong Kong in 2007. Now based in New York, she remains the most-followed woman on the list on social media, with over 9.5 million fans.

50. Zhao Baoju, 61 – ENN Group – US$2.5bn (CNY 16.5bn) – Langfang

With her husband Wang Yusuo, Zhao Baoju built ENN from a small gas distributor in Langfang in 1989 into one of China’s largest private energy groups. ENN Energy was listed in Hong Kong in 2001.

What the stories have in common

Reading all 50 stories together, five themes stand out.

1. Operators, not financiers. The typical story starts on a factory floor or behind a counter: Zhou Qunfei polishing watch glass, Wang Laichun on the Foxconn line, Wang Xin at an electronic-materials trading counter, Fan Hongwei keeping the books of a weaving mill, Song Chuanying working as a boiler hand in her husband’s power plant. They built physical businesses – glass, condiments, batteries, circuit boards, drill bits, hydraulics, packaging, detergent – and they still run them. 31% of the Top 50’s businesses sell directly to consumers, but the dominant character is manufacturing: industrial products are the top source of wealth (14%), unlike the men’s list, where media & entertainment and consumer goods lead.

2. The timing window of 1993–2006. Most of the self-made fortunes were founded in the 13 years between Longfor (1993) and Lingyi (2006) – the window when China’s manufacturing and consumer economies were wide open. The average founding age on the list is 32.

3. Supply chains made them rich – and are making them global. The Apple supply chain created Lens, Luxshare, Lingyi, Dtech and Kinwong; the AI supply chain is now re-rating them. Luxshare, Lens and Lingyi alone employ over 650,000 people worldwide, with production shifting to Vietnam, India and Brazil.

4. Family is the operating system. Husband-and-wife co-founders (Fan Hongwei, Luo Jinhong, Pan Dong, Wu Lanlan, Zhao Baoju), mothers and daughters (Ou Yang & Zou Yonghang, Chen Liling & Xu Yangyang, Lv Hui & Chen Ningning, Zheng Xiangling & Xie Qirun), sisters (Zhang Hongxia & Zhang Yanhong), widows who took over and grew the business (Kwong Siu Hing, Chen Jinxia, Zhu Yan) and daughters who inherited (Zong Fuli, Yang Huiyan, Yan Xin, Wang Sihan). Women’s wealth in China is frequently co-created inside families – this list counts what can be separated out.

5. Staying power. Fourteen of this year’s Top 50 have held their place for a full decade. Eight women have held the Number One title in 20 years, against 14 different men – the women’s list compounds.

How do the women compare with the Top 50 men

Industry. Women: industrial products 14%, real estate 12%, healthcare 10%. Men: media & entertainment and consumer goods lead with 12% each, semiconductors third with 10%. The women are more industrial; the men are more digital and consumer-facing.

Self-made vs inherited. 65% of the women are self-made, against 80% of the men; 35% inherited against 20%. China’s first-generation male founders are still alive and on the list; a striking share of the women’s fortunes are second-generation or co-created with spouses.

Age. The women average 60, three years younger than the men.

Scale. Two women have a wealth of CNY 100bn or more; 39 men do. The top of the men’s game is an order of magnitude bigger – Zhang Yiming’s CNY 670bn is five times Zhou Qunfei’s CNY 127bn.

Stability at the top. Eight different women have been Number One in 20 years (Yang Huiyan ten times), versus 14 different men. Turnover within the Top 50 is also lower: 72% of the women were not in the Top 50 ten years ago, versus over 80% of the men.

Political representation. Three women (Zhou Chaonan, Zhou Qunfei, Pansy Ho) sit in the 14th CPPCC National Committee, and none is an NPC deputy; 13 of the Top 50 men are NPC deputies or CPPCC members.

Public profile. The women keep lower profiles: the most-followed woman, Zhang Xin, has 9.5 million social-media fans, versus Lei Jun’s 20 million-plus among the men. Binance’s Changpeng Zhao also has over 10 million followers overseas.

Why has China produced so many women billionaires?

China accounts for roughly a fifth of the world’s population but is home to 78 of the world’s 150 self-made women billionaires – more than the rest of the world combined – according to the Hurun Richest Self-Made Women in the World 2026. Chinese men, by comparison, account for just over 30% of the world’s self-made billionaire men. By this measure, Chinese women punch further above their weight in business than Chinese men.

Several forces explain it. Reform and Opening created new industries with no incumbents and no old boys’ networks – factory work, trading counters and property were open to anyone with energy, and women took those chances. “Women hold up half the sky” normalised full-time work and leadership for women from the 1950s onwards. The one-child policy channelled family resources and inheritance to daughters – Zong Fuli, Yang Huiyan and Wang Sihan are all only daughters or chosen heirs. And the supply-chain clusters of the Pearl and Yangtze River Deltas turned factory skills into companies at an unusual speed.

The pipeline, though, is thinner than the achievement: roughly 10% of the world’s 1,603 unicorns have a woman co-founder, and women make up only 6% of unicorn founders (Hurun Global Unicorn Index 2026). The next generation of this list will be written from their ranks – and from the AI, EV and going-global waves that this year’s winners rode.

About Hurun Group

Hurun Report promotes entrepreneurship through its lists and research, encouraging entrepreneurship and value creation.

Hurun Report is best known for its rich list series, telling the stories of successful entrepreneurs in China and around the world. Other major series focus on young businesses and entrepreneurs, including the Hurun Global Unicorn Index, two Hurun Future Unicorn indices, the Hurun Uth series and the Hurun New Power series.

Hurun Report has grown into the world’s largest compiler of lists of startups, ranking over 3,000 startups globally through the Hurun Global Unicorn Index (startups worth over US$1bn) and two Hurun Future Unicorn indices: Hurun Gazelles, the startups most likely to become unicorns within three years, and Hurun Cheetahs, those most likely to become unicorns within five years.

The Hurun New Power and young entrepreneur series focuses on startups founded in the past decade and founders aged 45 and under.

The Hurun Uth series comprises the U25, U30, U35 and U40 awards, recognising founders or core figures of businesses worth US$1mn, US$10mn, US$50mn and US$100mn respectively, with a degree of social influence.

Other lists include the Hurun 500 series, ranking the most valuable companies in China and the world; the Hurun Global High Schools list, ranking the world’s top non-public high schools; the Hurun Philanthropy List, ranking the most generous philanthropists; and the Hurun Art List, ranking the most successful living artists in China and the world.

Hurun Report is also a leading authority on China’s high-net-worth individuals, tracking and documenting their changing profile over the long term. Together with partners from financial institutions, real estate, local governments and premium lifestyle brands, Hurun has published a series of thematic reports, including white papers with China CITIC Bank on the wealth management needs of Chinese HNWIs, with CCB Trust on the sustainable development of Chinese family wealth, with Taikang on the healthcare and retirement needs of Chinese HNWIs, and with Country Garden on the social responsibility of Chinese enterprises, as well as the Hurun Best of the Best report on Chinese HNWI brand preferences, running since 2005.

Hurun Report has invested in more than a dozen businesses spanning overseas study and international schools, intellectual property and tourism, and has incubated several subsidiaries, including the 21st Century Hurun Business School, Hurun Education, Hurun Guanggu, Hurun Equestrian and Hurun Art.

Hurun Report aims to become the world’s most recognised platform for promoting entrepreneurship, encouraging a positive attitude towards wealth and inspiring people to realise their entrepreneurial dreams.