China has 18 of world's 59 self-made billionaires under 40-Xinhua

China has 18 of world's 59 self-made billionaires under 40

Source: Xinhua

Editor: huaxia

2023-04-08 19:00:15

File photo shows the view of the Central Business District in Shenzhen, south China's Guangdong Province. (Xinhua/Mao Siqian)

BEIJING, April 8 (Xinhua) -- The number of self-made billionaires aged 40 or under in the world stood at 59 by Jan. 16, among which 18 are Chinese entrepreneurs, according to a list compiled by Hurun Research Institute.

China is second only to the United States, which is home to 23 such billionaires on the list.

Zhang Yiming, the founder of TikTok's parent company ByteDance, ranks second with a wealth of 250 billion yuan (about 36.3 billion U.S. dollars), after Meta CEO Mark Zuckerberg.

The three co-founders of miHoYo, the Shanghai-based developer of the globally acclaimed game Genshin Impact, are among the 14 newcomers this year, the research institute said.

The most successful entrepreneurs under 40 made their first billion U.S. dollars within an average of six years, according to the institute. 

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