Forbes to publicize new China rich list
(Xinhua)
Updated: 2005-10-31 08:50

The American business magazine Forbes Global is to publicize its new rich list in China next Thursday, and the number of people listed may be doubled to 400.

Forbes magazine, having compiled China's richest persons lists for ten years, was reported as saying the wealth threshold for the list this year will be 500 million yuan (US$61.7 million US dollars).

In the first Forbes China rich list ten years ago, the wealth of the No. 1 rich, the brothers of Liu Yongmei, Liu Yongyan, Liu Yongxing and Liu Yonghao, was only 600 million yuan.

The 200th richest person in China this year has 1 billion yuan,350 million yuan more than his peer last year.

Many of those on the list this year are engaged in Internet services, and half of the first ten richest are aged below 40, according to the Beijing Daily.

The newspaper said 25 women are to appear on the list, accounting for 6 percent of the total, compared with 4 percent last year.