Research institute Hurun released its latest global 40 and under self-made billionaires ranking on April 6, with 59 billionaires making it to the list and 28 bowing out from last year.
The total wealth of the 59 reached 1.8 trillion yuan ($269 billion), slumping 41 percent year-on-year.
These billionaires took less than 6 years on average to make their first billion, said Hurun's report.
Meta's Mark Zuckerberg sits at the top with 455 billion yuan as of Jan 16, followed by ByteDance's Zhang Yiming with 250 billion yuan and Canva's couple Cliff Obrecht and Melanie Perkins with 80 billion yuan.
Among these billionaires, 21 are from China. Now, let's take a look at the top 10 self-made billionaires under 40 in China.
Wang Mingliu, founder and chairman of Maoqiu Technology Group. [Photo/maoqio.com]
10 (tie) Luo Yuhao, game company Mihoyo Wealth: 11 billion yuan
Mihoyo's introduction at an expo held in Shanghai, Nov 19, 2020. Luo Yuhao, co-founder and vice-general manager at Mihoyo. [Photo/VCG]
9 Liu Wei, Mihoyo Wealth: 11.5 billion yuan
Mihoyo's booth at an expo held in Beijing, Sept 3, 2023. Liu Wei, co-founder and president at Mihoyo. [Photo/VCG]
8 Wang Ning and family, POP Mart Wealth: 15 billion yuan
A woman poses with a cartoon figure of POP Mart in Shanghai, April 5, 2023. [Photo/VCG]
7 Peng Guoyuan, education group NWY Wealth: 19 billion yuan
Peng Guoyuan, chairmen of education group NWY, speaks at a meeting in Shenzhen, Guangdong province, on Aug 25, 2018. [Photo/nwygroup.com]
6 Cai Haoyu, Mihoyo Wealth: 21 billion yuan
Cosplayers pose at a company event of Chinese game developer Mihoyo in Zhangjiajie, Hunan province. Cai Haoyu, co-founder and CEO at Mihoyo. [Photo by Zhou You/For China Daily]
