Who Is The Richest Chinese Person?

Huang Zheng, 44, is now the richest person in China according to the Bloomberg Billionaires Index. He has a fortune of $48.6 billion, surpassing Zhong Shanshan, the founder of bottled water company Nongfu Spring, who previously held the top spot since April 2021.

Huang Zheng is the founder of Pinduoduo, a popular e-commerce platform in China. Pinduoduo has become a major player in the Chinese e-commerce market, known for its focus on value-for-money products and group buying options. Huang stepped down as CEO of Pinduoduo in 2020, but he remains a major shareholder and continues to influence the company’s direction.

The rise of Huang Zheng to the top of the list of China’s richest people highlights the rapid growth of the Chinese e-commerce industry. E-commerce platforms like Pinduoduo have been successful in capturing a large market share in China by offering competitive prices and convenient shopping experiences.