Hurun Report, a monthly magazine best known for its China Rich List, released its China IT Rich List on September 23 2013. This is the 11th time that Hurun released the top 50 China IT Rich List.
Pony Ma, Tencent’s CEO, surpassed Robin Li the first time in four years to be the richest man in IT industry with 56 billion yuan (USD 9.1 billion). Baidu CEO Robin Li ranked the second with 46 billion yuan (USD 7.5 billion).
IT industry was one of the fast growing industry in Hurun’s list, with over 20% growth rate. The average wealth was 51% more than last year, and 20 times more than 10 years ago. And the wealth of the 50th reached 3.5 billion yuan (USD 569 million), with an annual growth of 46%.
The market capital of Tencent was 550 biLlion yuan (USD 89.4 billion), which was the richest company in Hurun’s list. Pony Ma owned 10.25% of Tencent’s stake.