Hurun Institute Includes 12 Crypto Moguls in Wealthiest Chinese List
Research, media and investment firm, The Hurun Institute, has published the latest iteration of the “world’s largest wealth list,” listing 12 members of the cryptocurrency sector.
According to the report, Hurun teamed up with Lexus to compile the twenty-first edition of the ranking, which has been done every past year from 1999 till date. Individuals were required to have a calculated net worth of 2 billion yuan ($282 million) in order to make it on the list.
Hu Run, chairman and chief researcher at Hurun Report, commented upon the diversity of the list which features a number of crypto entrepreneurs,
The 21-year history of Chinese companies and wealth development is not only meaningful to Chinese companies, but also of Hurun’s richest…We will see many innovative business models and new listed entrepreneurs emerge.
Crypto mining hardware manufacturer Bitmain’s co-founders Micree Zhan and Jihan Wu both made the list. Zhan, ranked as the 100th richest man in China according to the report, with a net worth of over 30 billion Chinese yuan ($4.2 billion).
Binance CEO Changpeng Zhao, OKCoin founder Star Xu and Leon Li of Huobi all made an appearance on the list. Zhao was at the 195th position, with a net worth of 18 billion yuan ($2.5 billion).