Zeng, chairman of Contemporary Amperex Technology (CATL), saw his net worth more than doubled to $50.8 billion from a year ago. He also boasted the second-biggest wealth increase on the list as he chairs the world’s largest supplier of batteries for electric vehicles.
Tencent chairman and cofounder “Pony” Ma Huateng—who was the No. 2 on China's 100 Richest last year—saw his net worth tumble to $49.1 billion this year, as Beijing tightened rules on the country’s internet companies.
Xiaomi CEO Lei Jun and Meituan chairman Wang Xing are among the tech tycoons who had donated billions of dollars in shares for social causes, amid Chinese President Xi Jinping’s push to promote “common prosperity” this year.
Longi Green Energy Technology, China’s No. 1 producer of solar panels with $8 billion in 2020 sales, saw first-half profit rise 21% to $782 million amid a surge in exports. Founder and President Li Zhenguo is now No. 37 with a net worth of $13.4 billion on the China's 100 Richest 2021.