The Billionaire Foreigners Who Made Their Fortunes In China

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Photo: Augapfel via Flickr

The number of wealthy people in China is growing rapidly; the country is now home to 960,000 peoplewith more than $1.5 million, and 60,000 with more than $15.5 million.But it’s not only Chinese natives who are getting in on the action. Tons of foreigners have also come to China to make their fortunes, and many have succeeded.

The two richest non-mainlanders in China are Taiwanese magnates who run massive food and drink conglomerates, according to a recent survey from HuRun Report.

Of the 50 wealthiest, nearby Taiwan and Hong Kong are best-represented, with 33 coming from Taiwan and five from Hong Kong.

Three Americans also made the list: Qiming Venture Partners’ Gary Rieschel; John Thornton, a former president at Goldman Sachs; and Yue Sai Kan of YUE SAI Cosmetics, HuRun said.

And there are 11 billionaires on the list.

Click here to meet them >
Methodology: HuRun’s list defines non-mainlanders as people who were raised outside mainland China, but who are based in mainland China today.

Wei Ying Chiao

Nationality: Taiwan

Net worth: $6.2 billion

Wei's company, Ting Hsin International Group, is one of China's largest food and beverage companies, and the country's biggest instant noodle maker.

Wei also has a number of major real estate investments, including a stake in Taipei 101, one of the world's tallest buildings.

Tsai Eng Meng

Nationality: Taiwan

Net worth: $5.9 billion

Tsai owns Want Want Holdings, the largest maker of rice cakes and flavored drinks in Taiwan.

The company has around 100 plants in mainland China and employs 60,000 people.

Dr. David Chu

Nationality: Hong Kong

Net worth: $4 billion

Dr. Chu is the founder of the Mission Hills Group, which owns the massive Mission Hills Golf Club in Shenzhen and Dongguan.

With 12 courses, the complex is the largest golf facility in the world.

Roger Wang Heng

Nationality: Taiwan

Net worth: $3.9 billion

Wang is the chairman and CEO of the Golden Eagle International Group, a major department store chain and real estate investment company in China.

He currently splits his time between China and Beverly Hills.

Lin Wenjing

Nationality: Indonesia

Net worth: $3 billion

Lin, 82, is the president of Rongqiao Real Estate Group, which he founded in 1989.

The company also owns hotel properties.

Elijah Widjaja

Nationality: Indonesia

Net worth: $2. billion

Widjaja is the chairman and CEO of the Bund centre, a massive Shanghai skyscraper that houses offices and a Westin hotel.

He's part of Indonesia's Widjaja family, which operates various companies across Indonesia, Hong Kong and China.

Vincent Lo

Nationality: Hong Kong

Net worth: $1.9 billion

Lo is the chairman of Hong Kong-based Shui On Group, a building-materials and construction firm.

His father, a Hong Kong property tycoon, helped him start his first business after Lo graduated from the University of New South Wales in Australia.

Tsai Yung lung

Nationality: Taiwan

Net worth: $1.6 billion

Tsai's company, Gem-Year, makes fasteners and is one of the few Taiwan-controlled companies to be listed on the Chinese market, according to Forbes.

Li Sze Lim

Nationality: Hong Kong

Net worth: $1.5 billion

Li is the founder and chairman of R&F Properties, a real estate company that has developed over 70 properties across China.

Liu Ming Chung

Nationality: Brazil

Net worth: $1.5 billion

Liu was born in Taiwan and currently lives in Hong Kong; he also earned a degree in dental surgery from a Brazilian university, according to Forbes.

He went on to build Nine Dragons, a major paper manufacturing company in China.

Dr. Winston Wang Wen Yang

Nationality: Taiwan

Net worth: $1 billion

Wong is the president and CEO of Grace Semiconductor, a $1.63 billion electronics company based in Shanghai.

He spent a year teaching at the business school at the University of California at Berkeley.

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