Bottled water tycoon Zhong Shanshan remains China's top billionaire for the fourth straight year, according to the 13th edition of the Hurun Global Rich List released on Monday.
Although the number of Chinese billionaires decreased by 155, China still has the largest number of billion-dollar entrepreneurs in the world, with 814 and the US close behind with 800.
Zhong Shanshan, 70, whose personal wealth shrank 9 percent to US$63 billion from last year, is still China's richest man, while Elon Musk retains top position in the global ranking with US$231 billion of wealth.
Zhong's global ranking was down six positions to 21st place, with other top 20 billionaires including Amazon founder Jeff Bezos, LVMH CEO Bernard Arnault and Facebook founder Mark Zuckerberg.
Beijing, Shanghai and Shenzhen are the three major cities where China's billion dollar entrepreneurs locate their businesses. Their average age is 60, six years younger than the average age of the total ranking.
China is also home to the world's largest number of billion dollar entrepreneurs who started from scratch, and the world's largest number of such female billion-dollar entrepreneurs.
The total wealth of China's billion-dollar entrepreneurs is close to 19 trillion yuan (US$2.6 trillion), down 15 percent from last year.
