PRESS RELEASE HURUN GLOBAL REAL ESTATE RICH LIST 2019

HURUN REPORT FINDS 239 REAL ESTATE BILLIONAIRES ON PLANET

CHINA LEADS WORLD REAL ESTATE BILLIONAIRES WITH 58%, FOLLOWED BY USA 11% AND UK 7%

WITH US$37BN, XU JIAYIN (61) IS WORLD’S RICHEST REAL ESTATE TYCOON

HONG KONG (25) IS THE GLOBAL CAPITAL FOR REAL ESTATE BILLIONAIRES, FOLLOWED BY SHENZHEN (17) AND BEIJING (15)

DONALD TRUMP AT 82ND PLACE WITH US$3BN

ADAM NEUMANN, 39, OF WEWORK WEALTH DOUBLES TO US$6.5BN, ONLY SELF-MADE REAL ESTATE BILLIONAIRE UNDER 40

14 NEW FACES, LED BY RAJIV SINGH (59) OF INDIAN DEVELOPER DLF WITH US$2.5BN

33 IMMIGRANT BILLIONAIRES, LED BY 9 IN SINGAPORE AND 8 IN UK

WORLD’S LARGEST RICH LIST PROVIDER RELEASES HURUN REAL ESTATE GLOBAL RICH LIST 2019

(13 March 2019, Shanghai, China) Hurun Report today released the Hurun Global Real Estate Rich List - a ranking of the Real Estate billionaires found in the world. This is the first year of the ranking and is a sublist of the Hurun Global Rich List series, released on 26 February 2019.

Rupert Hoogewerf, Chairman and Chief Researcher of Hurun Report, said, “The urbanization mega trend in China has driven the biggest wealth explosion in the history of world, with the result that most of the world’s largest real estate developers today come from China.”

Table 1: Top 10 Hurun Global Real Estate Rich List 2019

Rank Name Net Worth (US$Bn) % change Main

Company Age Country of Residence

1 Xu Jiayin 37 -10% Evergrande 61 China

2 Li Ka-shing 29 -3% Cheung Kong 91 China

3 Lee Shau Kee 27 -21% Henderson Land 91 China

4 Yang Huiyan 23 -28% Country Garden 38 China

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5 Tos Chirathivat & family 19 73% Central 54 Thailand

6 Donald Bren 17 0% Irvine Company 86 USA

6 Wang Jianlin & family 17 -37% Wanda 65 China

6 Hugh Grosvenor 17 -6% Grosvenor 28 UK

6 Henry Cheng Kar-shun & family 17 -11% New World 71 China

10 Joseph Lau Luen Hung & family 16 -11% Chinese

Estates 68 China

Source: Loong Palace·Hurun Global Rich List 2019

Xu Jiayin, 61, of Shenzhen-based Evergrande, tops the list with US$37bn. Evergrande last year sold US$85bn of homes, totalling 52 million square meters. Xu ranked second on the Hurun Philanthropy List 2018 with a donation of US$500m last year.

Li Ka-shing, 91, came in second with US$29bn. Li made his big break with real estate in HK, and then expanded into mainland China. However, in the last six years, Li has been selling down his real estate assets in China and diversifying into other sectors, particularly in the UK.

With US$27bn, Lee Shau Kee, 91, has grown HK-based Henderson Development into one of the largest real estate developers in HK.

Yang Huiyan 38, of Foshan-based Country Garden came in fourth with US$23bn. Yang is the only woman in the Top 10, inheriting her wealth from her father Yang Guoqiang, who still runs the business. Country Garden last year was the largest real estate developer in the world with sales topping US$100bn.

Tos Chirathivat, 54, from Thai-based Central Group, was fifth with US$19bn. Chirathivat owns shopping malls and department stores across Thailand. Central Group was founded by Chirathivat’s grand-father a century ago, and recently invested US$200mn in Singapore ride-hailing and food-delivery platform Grab.

Donald Bren, 86, with US$17bn, of US-based Irvine Company, making him the most successful real estate developer in the US.

Hugh Grosvenor, 28, is the youngest on the list. Grosvenor, who is worth US$17bn, is the 7th Duke of Westminster, inheriting the title and wealth three years on the death of his father. Interestingly, he is godfather to Prince George.

Wang Jianlin & family, 65, drop to the sixth position, with a fortune of US$17bn. This past year has seen Wang continue to divest his global real estate portfolio, most recently in February this year, when he sold 37 Wanda department stores to another Chinese company. Wang made the Hurun Philanthropy List 2018, with a donation of US$80 million.

Henry Cheng & family, 71, of HK-based real estate developer New World, was also sixth equal with US$17bn. Founded by his late father Cheng Yu-Tung, Cheng also controls jewellery brand Chow Tai Foo. At the end of 2018, New World announced the US$2.7bn acquisition of FTLife Insurance.

Joseph Lau Luen Hung & family, 68, of HK-based Chinese Estates, was tenth with US$16bn, based on his 75% stake in the business. Lau has been increasing his shareholding in Evergrande, run by Xu Jiayin, and today has 9% of its equity.

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Where they live.

By country, China tops the list with 139 billionaires, followed by USA with 26 billionaires and UK with 17 billionaires.

Table 2: Real Estate Billionaires by Country of Residence

  Country No. of real estate billionaires Richest real estate tycoon Wealth

(US$Bn)1 Greater China 139 Xu Jiayin 372 USA 26 Donald Bren 173 UK 17 Hugh Grosvenor 174 Singapore 10 Robert Ng & Philip Ng 5.8 each5 India 9 Jitendra Virwani 3.36 Australia 5 Harry Triguboff 8.96 Canada 5 Naomi Azrieli & family 3.96 Russia 5 God Nisanov & Zarakh Iliev 3.99 Japan 3 Akira Mori & family 3.6

Source: Loong Palace·Hurun Global Rich List 2019

Greater China: the region is the world’s absolute No 1 with 139 Real Estate Billionaires . The combined net worth of the Chinese Real estate billionaires is US$550 billion. Real Estate has generated the most number of billionaires (139). Led by Hong Kong, 7 Chinese cities make the Top 10 and 16 the Top 30. Average age is 60, four years younger than the average of the global list. Xu Jiayin of Evergrande is the wealthiest Real Estate billionaire in the world with US$37bn.

The USA is second behind China with 26 real estate billionaires. Their combined wealth is US$110 billion. New York has the highest concentration of billionaires with 9, followed by Los Angeles and Newport Beach with 2 each. The average age of US real estate billionaires is 76, 12 years higher than the average age of the global list. With US$17bn, Donald Bren of Irvine Company is the richest real estate tycoon in the USA.

The UK grabbed third place with 17 real estate billionaires. London is the undisputed city of choice for 14 of them. UK billionaires have a combined wealth of US$66bn. The average age of real estate billionaires in the UK is 67. London is the real estate capital of the UK. Four of the UK real estate billionaires are sixth generation or more, led by Hugh Grosvenor and Charles Cadogan.

Singapore secured fourth place with 10 billionaires. The combined net wealth of Singapore real estate billionaires is US$26bn and their average age was 68, four years higher than the average age of the global list. With US$5.8bn each, brothers Philip Ng and Robert Ng of Far East are the richest real estate Singaporeans.

India was fifth with 9 real estate billionaires. The combined wealth of the Indian real estate billionaires is US$16bn. Average age is 57. Mumbai is the preferred hub for most Indian billionaires followed by Bengaluru. For the past two years, Hurun Report has launched the GROHE Hurun India Real Estate Rich List, a listing of the Top 100 richest Indian developers. Jitendra

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Virawani of Embassy Properties won the “GROHE Hurun Most Respected Real Estate Entrepreneur of the Year 2018”.

Australia makes it to the 6th with 5 real estate billionaires. Sydney is the real estate capital of the country with 3 living there. Average age is 82. The combined net wealth of Australian real estate billionaires is US$17bn. With US$8.9bn, Harry Triguboff of Meriton is the wealthiest real estate Australian. All are self-made.

Canada shares 6th position with Russia and Australia, with 5 real estate billionaires. Toronto is Canada’s real estate billionaire capital. The combined wealth of the Canadian real estate billionaires is US$11bn. The average age is 63. Naomi Azrieli is the richest real estate billionaire in Canada with US$3.9bn.

Russia shares 6th place with Canada and Australia, with 5 real estate billionaires. All are self-made. Moscow is the real estate capital and home for all of them. The combined wealth of the Russian billionaires comes to US$16bn. With US$3.9bn Zarakh Iliev and God Nisanov, of Kievskaya Ploschad, are the richest Russian real estate billionaires.

Japan secures the 9th position with 3 real estate billionaires. Tokyo is the real estate hub for Japan. The combined wealth of real estate billionaires is US$7.7bn. The average age of the Japanese real estate billionaires is 78. Akira Mori of Mori Trust is the wealthiest real estate Japanese in the world with US$3.6bn.

Switzerland, Brazil, Thailand, UAE, Indonesia, Sweden and Israel had two real estate billionaires each.

By city, Hong Kong led with 25 billionaires, followed by Shenzhen with 17 and Beijing with 15.

Table 3: Real Estate Billionaires by City

  City No. of Real Estate billionaires Richest Person Wealth (US$Bn)

1 Hong Kong 25 Li Ka-shing 292 Shenzhen 17 Yao Zhenhua 143 Beijing 15 Wang Jianlin & family 174 Guangzhou 14 Xu Jiayin 374 London 14 Hugh Grosvenor 176 Shanghai 12 Tong Jinquan 5.37 Singapore 10 Robert Ng & Philip Ng 5.88 New York 9 Stephen Ross 109 Chongqing 7 Wu Yajun & family 9.810 Taipei 6 Lin Chang Su-E & Family 4.210 Foshan 6 Yang Huiyan 23

Source: Loong Palace·Hurun Global Rich List 2019

Biggest Gainers

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Tong Jinquan (64) of Shanghai-based Changfeng was the biggest gainer, more than doubling his wealth to US$5.3bn. Last year, Changfeng invested US$3bn in a large tourism complex near Shanghai.

Adam Neumann (39) of WeWork was the second biggest gainer of the year with his wealth doubling, on the back of WeWork’s value doubling to US$42bn.

Largest real estate companies

Country Garden and Evergrande's annual sales last year were US$100bn and US$85bn, up 30% and 10% from the previous year. However, the valuations of the two companies are down on last year and are still only one tenth of the market value of Chinese IT giants Alibaba and Tencent.

By market cap, Simon Property is the world’s largest with US$54.5bn, just ahead of Sun Hung Kai US$48 billion.

Company Market Value US$bn* Key Person1 Sun Hung Kai 47.8 Kwong Siu Hing2 Evergrande 43.9 Xu Jiayin3 Country Garden 31.3 Yang Huiyan4 Cheung Kong 29.9 Li Ka-shing5 Henderson Land 25.2 Lee Shau Kee6 Sunac 20.4 Sun Hongbin7 Longfor 19.4 Wu Yajun8 Fortune Land Development 14.5 Wang Wenxue9 Wheelock 14.0 Peter Woo Kwong-ching10 Xincheng 12.2 Wang Zhenhua

*At the close of 5 March 2019.

Company Revenues 2018 (Chinese yuan bn) Key billionaire(s)

1 Country Garden 729 Yang Huiyan2 Evergrande 551 Xu Jiayin3 Sunac 460 Sun Hongbin4 Xincheng 220 Wang Zhenhua5 Longfor 201 Wu Yajun6 Shimao 176 Xu Rongmao7 Fortune Land Development 168 Wang Wenxue8 Yango 162 Lin Tengjiao9 Xuhui 162 Lin Zhong10 R&F 141 Zhang Li & Zhang Liang

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Largest Non-Chinese Real Estate Companies

Company Name Market Value US$Bn

Revenues US$Bn

Key Billionaires Country

1 Simon Property 54.5 6.0Edward Debartolo Jr, Herbert Simon

USA

2 Public Storage 37.2 2.9 Bradley Wayne Hughes USA

3 Vingroup 16.2 5.3 Pham Nhat Vuong Vietnam

4 Central Pattana 10.2 1.0 Tos Chirathivat Thailand5 Daito Trust Construction 10.1 14.0 Katsumi Tada Japan6 Aroundtown Property 9.3 0.6 Yakir Gabay Luxembourg7 Fastighets AB Balder 7.0 0.8 Erik Selin Sweden8 CPI Property 6.7 0.7 Radovan Vitek Luxembourg

9 City Developments 5.9 3.1 Kwek Leng Beng Singapore

10 DLF 4.4 0.9 Rajiv Singh India

Stats

No. of billionaires

% of Hurun Global Rich List Richest person Company No. 1 Wealth

US$bn2015 280 13.4% Li Ka-shing Cheung Kong 32

2016 267 12.2% Wang Jianlin & family Wanda 26

2017 213 9.4% Wang Jianlin & family Wanda 30

2018 245 9.1% Xu Jiayin Evergrande 412019 239 9.8% Xu Jiayin Evergrande 37

Points of interest

1. 79% totally self-made, 13% partly self-made and 8% inherited2. Donald Trump came in at 82nd place with US$3bn, mainly on the back of his New York real estate and

golf courses.3. 14 women made the list, 6% of the list, with the self-made women led by Wu Yajun of Longfor with

US$9.8bn.4. Real estate was the main source of wealth for 9.8% of the Hurun Global Rich List 2019, coming in

second behind TMT, and followed by Manufacturing and Investments.5. China senior political appointments. Among the 139 entrepreneurs in the greater China region, 7

are deputies to the 13th National People's Congress: Yan Zhi, Shi Guilu, Yang Keng, Lin Tengjiao, Chen Jinshi, Li Ciaolin and Lin Longan; In addition, there are 19 delegates to the CPPCC: Xu Jiayin, Victor Li (Li Ka-shing’s son), Peter Lee (Shau Kee’s son), Yang Guoqiang (Yang Huiyan’s father), Xu

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Rongmao, Raymond Kwok, Ji Haipeng, Ou Zongrong, Chen Hongtian, Ken Chu, Zhang Li, Lin Dingqian, Zhai Meiqing, Gong Junlong, Tu Huilong, Ding Zuohong, Xu Jiankang, Zhang Guiping and Zhang Songqiao.

6. Philanthropy. 27 of the Chinese made the Hurun China Philanthropy List last year, and donated US$1.5bn. Among them, Xu Jiayin donated US$500 million. John Sobrato of Sobrato Development donated US$100 million to his alma mater, Santa Clara University; Stephen Ross, of Related, donated US$50 million to his alma mater, University of Michigan; Bren Simon of Simon Property donated US$30 million to the American Songben Foundation.

7. A total of 13 real estate brands entered the 2018 Hurun Most Valuable Brands in China, a ranking of the 200 most valuable brands in China, led by Evergrande, Wanda, Country Garden, Longfor, Fortune Land Development, Sunac, Century Golden Resources, Shimao, Agile, Logan Estate, R&F, Yango and Mission Hills.

8. Zygi Wilf of Minnesota Vikings inherited Garden Homes Development from his father Joseph Wilf, who was a holocaust survivor.

9. Social media. Donald Trump had far and away the largest social media impact. In China it was led by husband and wife Pan Shiyi and Zhang Xin.

Name Company Number of Weibo fans1 Pan Shiyi SOHO China 19.7 million2 Zhang Xin SOHO China 10.3 million3 Shi Guilu Rongmin 620,0004 Sun Hongbin Sunac 560,0005 Zhang Baoquan Jindian 510,0006 Wang Qiuyang Jindian 370,000

Table: Self-Made Score Card and Percentage of Real Estate billionaires and top countries

Self-Made Scorecard

% of Real Estate billionaires

Top Countries (with %. of real estate billionaires)

Example

5 56%1. Greater China (88%)

Self-made without parental financial support eg: Xu Jiayin2. USA (4%)

3. India (3%)

4 23%1. USA (26%) Self-made, but with a helping hand from

parents such as through private education eg: Donald Bren

2 UK (16%)3. Russia (9%)

3 13%1. Singapore (26%)

Born into money but grew business aggressively, eg Donald Trump2. USA (19%)

3. Greater China (13%)

2 6%1. Greater China (79%) Inherited, but active in the business eg:

Yang Huiyan2. UK (14%)

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3. Canada (7%)

1 2%1. Greater China (80%) Inherited and not actively involved in the

business eg: Hazel Czernin2. UK (20%)Source: Loong Palace·Hurun Global Rich List 2019

Hurun Real Estate Global Rich List 2019

Rank Name Wealth US$Bn

% change Main Company Age Country of

Residence1 Xu Jiayin 37 -10% Evergrande 61 China

2 Li Ka-shing 29 -3% Cheung Kong 91 China

3 Lee Shau Kee 27 -21% Henderson Land 91 China

4 Yang Huiyan 23 -28% Country Garden 38 China

5 Tos Chirathivat & family 19 73% Central 54 Thailand

6 Donald Bren 17 0% Irvine Company 86 USA

6 Wang Jianlin & family 17 -37% Wanda 65 China

6 Hugh Grosvenor 17 -6% Grosvenor 28 UK

6 Henry Cheng Kar-shun & family 17 -11% New World 71 China

10 Joseph Lau Luen Hung & family 16 -11% Chinese Estates 68 China

11 Yao Zhenhua 14 -22% Baoneng 49 China

12 Xu Rongmao & family 13 30% Shimao 69 China

13 Majid Al Futtaim 12 9% MAF Holding - UAE

13 Kwong Siu Hing 12 -8% Sun Hung Kai 90 China

15 Lu Zhiqiang & family 11 -21% Oceanwide 67 China

16 Stephen Ross 10 0% Related Companies 78 USA

17 Wu Yajun & family 9.8 5% Longfor 55 China

17 Peter Woo Kwong-ching & Pao Pui Yung 9.8 -18% Wheelock 73 China

19 Harry Triguboff 8.9 7% Meriton 85 Australia

20 Pham Nhat Vuong 8.3 98% Vingroup 50 Vietnam

21 Raymond Kwok & family 8.1 -10% Sun Hung Kai 67 China

22 Adam Kwok Kai-fai & family 8.0 -10% Sun Hung Kai 36 China

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23 Charles Cadogan & family 7.9 -6% Cadogan Estate 81 UK

24 Chen Lihua 7.5 -7% Fu Wah 78 China

25 Wang Wenxue 7.4 -43% Fortune Land Development 52 China

26 David Reuben 7.3 6% Global Switch 76 UK

26 Simon Reuben 7.3 6% Global Switch 74 UK

26 Sun Hongbin 7.3 -34% Sunac 56 China

29 Radovan Vitek & family 6.8 62% CPI Property 48 Czech Republic

30 Adam Neumann 6.5 103% WeWork 39 USA

30 Ji Haipeng & family 6.5 25% Logan Estate 52 China

32 John A Sobrato & family 6.4 5% Sobrato Development 79 USA

33 Richard Lefrak & family 6.3 5% Lefrak Organization 73 USA

34 Cai Kui & family 5.9 5% Longfor 58 China

35 Philip Ng 5.8 7% Far East - Singapore

35 Hazel Czernin 5.8 7% Howard De Walden Estate 84 UK

35 Robert Ng 5.8 7% Far East 66 Singapore

38 Tong Jinquan 5.3 112% Changfeng 64 China

39 Li Hua & family 5.2 -5% Excellence 53 China

40 Yan Zhi 5.1 -47% Zhuoer 47 China

41 Wendy Lee & family 5.0 9% Sun Hung Kai - China

42 Ou Zongrong 4.9 -4% Zhenro 55 China

42 Che Jianxing & Chen Shuhong 4.9 -30% Macalline 53 China

44 Jerry Speyer 4.7 4% Tishman Speyer 78 USA

44 Chen Hongtian & family 4.7 -4% Cheung Kei 60 China

44 Tamara Gustavson & family 4.7 15% Public Storage 57 USA

47 Ted Lerner 4.5 -17% Lerner Enterprise 92 USA

48 Ken Chu & family 4.4 -8% Mission Hills 45 China

49 Miao Shouliang 4.3 2% Fuyuan 64 China

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50 Zhu Mengyi & family 4.2 -25% Hopson 60 China

50 Edward Roski Jr 4.2 2% Majestic Reality 80 USA

50 Lin Chang Su-E & family 4.2 -5% Liberty Times - Chinese Taipei

53 Li Wenbin & family 4.1 -7% Junfa 44 China

54 Zarakh Iliev 3.9 30% Kievskaya Ploschad 52 Russia

54 God Nisanov 3.9 30% Kievskaya Ploschad 46 Russia

54 Yang Jian 3.9 11% Zhongliang 48 China

54 Huang Rulun & family 3.9 -7% Century Golden Resources 68 China

54 Naomi Azrieli & family 3.9 -17% Azrieli 53 Canada

59 Huang Qisen & family 3.8 -42% Thaihot 54 China

60 Leonard Stern 3.7 9% Hartz Mountain Industries 80 USA

60 Sheldon Solow 3.7 6% Solow Projects 90 USA

60 Donald Sterling 3.7 3% The Sterling Family Trust 84 USA

63 Yakir Gabay 3.6 9% Aroundtown Property 51 UK

63 Geng Jianming & Yang Xiaoqing 3.6 -18% RiseSun 57, - China

63 Pan Sutong 3.6 -25% Goldin Properties 56 China

63 Akira Mori & family 3.6 -22% Mori Trust 82 Japan

67 Teddy Sagi 3.5 3% Market Tech Holdings 46 Israel

67 Wang Zhenhua & Wang Xiaosong 3.5 -8% Xincheng 57 China

69 Edwin Leong 3.4 -6% Tai Hung Fai 67 China

69 Kwek Leng Beng & family 3.4 -13% City Development 77 Singapore

71 Jitendra Virwani 3.3 18% Embassy Property Developments 52 India

71 Igor Olenicoff 3.3 0% Olen Properties 75 USA

71 Zhang Li & Zhang Liang 3.3 -25% R&F 66, 37 China

71 Pan Shiyi & Zhang Xin 3.3 -27% SOHO China 56, China

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54

71 Huang Wei & Li Ping 3.3 -37% XinHu 60, - China

76 Zhou Zerong 3.2 -3% Kingold 65 China

77 Jeff Greene 3.1 7% Investments 64 USA

77 Chen Hua 3.1 3% Kingkey 53 China

77 Wei Shaojun & family 3.1 -6% Longjitaihe 56 China

77 Mangal Prabhat Lodha 3.1 -11% Lodha 63 India

77 Samvel Karapetyan 3.1 -14% Tashir Group 53 Russia

82 Edward Debartolo Jr 3.0 7% Simon Property 72 USA

82 Jiang Zhaobai 3.0 -19% Pengxin 56 China

82 Donald Trump 3.0 -14% Trump Organization 71 USA

82 Lin Hongxiu & family 3.0 -25% RongQiao 68 China

82 Lin Hong-Nan & family 3.0 -58% Hung Tai 52 Chinese Taipei

87 Frank Lowy & family 2.9 32% Westfield 88 Australia

87 Herbert Simon 2.9 21% Simon Property 84 USA

87 Sergie Gordeev 2.9 0% PIK Group 46 Russia

90 Bradley Wayne Hughes 2.8 40% Public Storage 85 USA

90 Wu Xu & family 2.8 -3% Sincere 56 China

90 Chen Yung-Tai 2.8 -13% Aurora 83 Chinese Taipei

90 Huang Maoru & Zhang Jin 2.8 -15% Maoye 54, - China

94 Larry Silverstein 2.7 4% Silverstein Properties 87 USA

94 Huang Chaoyang 2.7 -4% SCE 53 China

94 Law Kar Po 2.7 -7% Lobo Investment 70 China

94 Huang Chulong 2.7 -18% Galaxy - China

94 Li Zhe 2.7 -18% Riverside 64 China

94 Huang Wenzai 2.7 -21% Star River 66 China

94 Lin Zhong & family 2.7 -27% Xuhui 51 China

94 Tsai Chen-Yu 2.7 -7% Homax Equity 66 Chinese Taipei

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94 Elijah Widjaja 2.7 -7% Bund Center 63 China

103 Aras Agalarov 2.6 37% Crocus 63 Russia

103 Mortimer Zuckerman 2.6 4% Boston Properties 80 USA

105 Rajiv Singh 2.5 New DLF 59 India

105 Carlo Fidani 2.5 0% Orlando Corp 64 Canada

105 Yi Rubo 2.5 -11% Zhongall 43 China

105 Lo Ka Shui & family 2.5 -17% Great Eagle 66 China

109 Zygi Wilf 2.4 0% Garden Commercial Properties 68 USA

109 Lin Dingqiang & Lin Fengying 2.4 0% Kamfei 53 China

109 Ji Changqun 2.4 -51% FullShare 51 China

109 Xiong Xuqiang 2.4 -56% Yinyi 63 China

109 Fong Yun Wah 2.4 -4% Hip Shing Hong 95 China

114 Georg Von Opel 2.3 10% Athris Holding 52 Switzerland

114 Jiang Yehua & Jiang Yu 2.3 5% Huayu 56, 31 China

114 Su Suyu & family 2.3 -8% Lianmei 71 China

114 Huang Shizai & family 2.3 -8% Great China 68 China

114 Christopher Portman 2.3 -4% Portman Estate 60 UK

119 Katsumi Tada 2.2 38% Daito Trust Construction 73 Japan

119 Erik Selin 2.2 29% Fastighets AB Balder 51 Sweden

119 Raj Kumar & Kishin RK 2.2 16% RB Capital 64 Singapore

119 Maurice Alter 2.2 0% Pacific Shopping Centres 93 Australia

119 Pan Weiming 2.2 -31% Fusheng 55 China

124 Shi Guilu & family 2.1 24% Rongmin 54 China

124 George Argyros 2.1 17% Arnel & Affiliates 81 USA

124 Liu Zhiqiang & Zhai Meiqing 2.1 -19% Heung Kong 55, 55 China

124 Zhong Shengjian 2.1 -19% Yanlord 61 Singapore

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124 Li Silian 2.1 -38% R&F 62 China

124 Huang Chiheng 2.1 -51% Helenbergh - China

124 Irene Lee Yun Lien & family 2.1 -22% Hysan 65 China

124 Chan Tan Ching Fen 2.1 -28% Hang Lung - China

132 Lang Walker 2.0 25% Walker Corp 73 Australia

132 Richard Peery 2.0 18% Investments 80 USA

132 Zhu Zhiping 2.0 5% Tongfang Unite 57 China

132 Yu Songbo 2.0 0% Herun - China

132 John Arrillaga 2.0 0% Investments 81 USA

132 Ian Livingstone 2.0 -9% London and Regional Properties 56 UK

132 Richard Livingstone 2.0 -9% London and Regional Properties 54 UK

132 Luo Shaoyu & Zhao Jiehong 2.0 -20% Dongyin 49, - China

132 Sun Xishuang & family 2.0 -57% Yifang 66 China

141 Yoshiko Mori 1.9 0% Minoru Estate 78 Japan

141 Huang Hongyun & Tao Hongxia 1.9 6% Jinke 52, 45 China

141 Chen Zhuolin & Lu Qianfang 1.9 -10% Agile 57, 58 China

141 Gong Junlong 1.9 -34% Hengyu 60 China

141 Yang Keng 1.9 -37% Languan 57 China

141 Tan Bingzhao & family 1.9 -42% Nimble - China

147 Vera Guerin 1.8 6% Shapell Industries 71 USA

147 Bahaa Hariri 1.8 0% Horizon Group 52 Switzerland

147 Kong Jianmin 1.8 -28% KWG 50 China

147 Lin Yi 1.8 -67% Shenglong - China

151 Henning Conle 1.7 21% Sirosa 75 UK

151 Lin Tengjiao 1.7 New Yango 51 China

151 Sol & Eddie Zakay 1.7 13% Topland 68 UK

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151 Cen Zhaoxiong & Li Yiping 1.7 6% Age Gardens 49, - China

151 Chao Teng-Hsiung & family 1.7 -6% Farglory 75 Chinese Taipei

151 Peter Gilgan 1.7 -6% Mattamy Homes 68 Canada

151 Lee Joong-Keun 1.7 -15% Booyoung 77 South Korea

151 Hussain Sajwani 1.7 -60% Damac Properties 65 UAE

159 Dai Yongge & family 1.6 7% Renhe 51 China

159 Zhang Baoquan & Wang Qiuyang 1.6 0% Jindian 62, 52 China

159 Lin Chen-Hai & family 1.6 0% Pao Chia - Chinese Taipei

159 Thomas Lau Luen-hung 1.6 0% Lifestyle 66 China

159 Mitchell Goldhar 1.6 0% SmartCentres 56 Canada

159 Mochtar Riady & family 1.6 -11% Lippo Group 89 Indonesia

159 Alexander Tedja 1.6 -11% Pakuwon Jati 73 Indonesia

159 Alain Taravella 1.6 -11% Altarea Cogedim 70 France

159 Luo Yuping 1.6 -24% Zhongtian Urban 53 China

159 Martisa Lazari 1.6 -30% Lazari Investments 75 UK

159 Yang Erzhu 1.6 -36% Country Garden 61 China

159 Lai Haimin 1.6 -47% Horoy 53 China

159 Vikas Oberoi 1.6 -27% Oberoi Realty 47 India

172 Vincent Lo Hong-shui 1.5 -12% Shui On 71 China

172 Nadhmi Auchi 1.5 25% General Mediterranean 81 UK

172 Tu Huilong 1.5 7% Haiya Commercial 60 China

172 Su Meng 1.5 0% Gold Tak Land - China

172 Zhong Naixiong 1.5 0% Nenking 56 China

172 Ou Zonghong & Xu Lixiang 1.5 0% Rongxin 48 China

172 Zhang Yongping 1.5 -6% Xiushuijie 58 China

172 Huang Junkang & family 1.5 -12% Topspring 64 China

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172 Roger Wang Hung 1.5 -21% Golden Eagle 70 USA

181 Raj Kumar Hiranandani 1.4 New Royal Holdings - Singapore

181 Ivan Chrenko 1.4 17% HB Reavis 51 Slovakia

181 Song Weiping & Xia Yibo 1.4 -7% Greentown 61, - China

181 Kwee Liong Keng 1.4 -22% Pontiac Land - Singapore

181 Kwee Liong Seen 1.4 -22% Pontiac Land - Singapore

181 Kwee Liong Tek 1.4 -22% Pontiac Land - Singapore

181 Kwee Liong Phing 1.4 -22% Pontiac Land 71 Singapore

188 Chen Guoxiang 1.3 New Xiangsheng 68 China

188 Ding Zuohong 1.3 New Yuexing 57 China

188 Liu Xuebin 1.3 New Cinese 47 China

188 Luke And Brian Comer 1.3 8% Comer Group 62, 58 Monaco

188 Jose Isaac Peres 1.3 0% Multiplan 76 Brazil

188 Or Wai Sheun 1.3 0% Polytec Asset 68 China

188 Chen Miaolin 1.3 0% Zhejiang Kaiyuan 67 China

188 Hou Changcai 1.3 0% Yuanchang 63 China

188 Xu Jiankang & family 1.3 -13% Powerlong 67 China

188 Ye Lipei & family 1.3 -19% Super Ocean 75 China

188 Zhang Guiping & Zhang Kangli 1.3 -28% Suning Universal 68,38 China

188 Qu Xueming 1.3 -32% Country Garden 70 China

188 Su Rubo 1.3 -32% Country Garden 64 China

188 Chen Jinshi & family 1.3 -32% Zhongnan 57 China

188 Zhang Yaoyuan 1.3 -38% Country Garden 74 China

188 John Whittaker 1.3 -48% The Peel Group 76 UK

204 Liu Zhendong 1.2 New Liando 48 China

204 Anthony Christopher Gallagher 1.2 20% Gallagher Estates 67 UK

204 Li Xiaolin 1.2 0% Linda 66 China

204 Ma Chengxi 1.2 -8% Modern 63 China

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204 He Jianliang 1.2 -25% Yihe 65 China

204 Lin Longan & Guo Yinglan 1.2 -37% Yuzhou 55,49 China

210 Zhang Songqiao 1.1 10% Zhongyu Industry 55 China

210 Elie Horn & family 1.1 New Cyrela 74 Brazil

210 Mats Paulsson & family 1.1 New Peab AB 74 Sweden

210 Rameswar Rao Jupally & family 1.1 New My Home Industries 62 India

210 Mark Dixon 1.1 0% Regus Group 59 UK

210 Jiang Nan 1.1 0% Shengfeng 56 China

210 Zhou Jinhui 1.1 -8% Sinobo - China

210 Mohammed Serafi 1.1 -8% Makkah Construction 87 Saudi Arabia

210 Kuldip R Sahi 1.1 -8% Morguard Corp 72 Canada

210 Wu Pao-Tien & family 1.1 -8% Li Pao 68 Chinese Taipei

210 Surendra Hiranandani 1.1 -15% Hiranandani Group 63 India

210 Zhang Zhangsun & Ruan Wenjuan 1.1 -15% Glory 62 China

210 Thongma Vijitpongpun 1.1 -15% Pruksa Real Estate 60 Thailand

210 Niranjan Hiranandani 1.1 -27% Hiranandani Group 67 India

210 Li Zhen & family 1.1 -39% Anhui Guoxuan 55 China

225 Raj Menda & family 1.0 New RMZ 55 India

225 Manoj Menda & family 1.0 New RMZ 49 India

225 Huang Kangjing 1.0 New Lvgem 57 China

225 Guo Ziwen 1.0 New China Aoyuan 55 China

225 John Van Lieshout 1.0 0% Super Amart Furniture 73 Australia

225 Mo Haotang & family 1.0 0% Sangem 52 China

225 Gao Shijun 1.0 -9% Gaoli - China

225 Shou Bonian 1.0 -9% Greentown 57 China

225 Bao Songan 1.0 -17% Yilian - China

225 Zeng Baobao 1.0 -17% Fantasia 48 China

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225 Liang Shezeng & Liang Jiarong 1.0 -23% Shirong 87, 57 China

225 Chen Runguang & Chen Jianming 1.0 -23% Guangda 66, - China

225 Lu Shengju 1.0 -23% Casin 53 China

225 Han Guolong & family 1.0 -38% Citichamp 64 China

225 Mahdi Al-Tajir 1.0 -44% Highland Spring 87 UK

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About Hurun Report Inc.

Nobody Knows China’s Rich Better!

Established in 1999 by British accountant Rupert Hoogewerf, Hurun Report Inc. has grown into a leading research platform based in Shanghai and Mumbai, best-known for its China and India rich lists, and with 150 employees today. Hurun Report Inc. has four main divisions.

Hurun Research Institute ‘World’s Largest Rich List Provider’

2019 marks the 20th anniversary of Hurun Report, highlighting the fastest wealth creating period in the history of the world.

The Hurun Richest Self-Made Women in the World has been highlighting for over ten years the fact that over 70% of the world’s most successful women in business herald from China, ie Chinese are completely dominant in the world of women in business. This has changed the way the world looks at Chinese women in business.

The Hurun China Philanthropy List ranks the most generous individuals in China and is now in its 15th anniversary. With no inheritance tax, Chinese give much more generously than many have previously understood.

Two recent lists with an impact include the Hurun China Unicorn Index, ranking the most dynamic businesses with a valuation of US$1bn or more in China; and the Hurun Most Successful University Alumni.

In India, Hurun Research has launched the Hurun India Rich List for the seventh time last year, and has an active events business there.

‘World Authority on the Chinese High Net Worth Individual’

Recent research partners include financial institutions (PingAn, Bank of China, Taikang Life, Minsheng, Citic), local government (Shanghai, Changbaishan) and Global 500 multinationals (Marriott, Country Garden, Agile, Audi, Volvo).

Three breakthrough lists this past year: Hurun Good Doctors’ List, a ranking of the 9500 most respected doctors in China, broken down by region and speciality; Hurun Best International Schools List; and Hurun Creative Works Intellectual Property List, in Search of the Harry Potter of China, ranking those online novels with the most valuable IPs.

The Hurun Art List ranks the top artists alive today in China for the 12th year and has become a household name amongst artists.

Media and Events ‘The Hurun brand gets 200 million views a month in China’

The Hurun brand has become one of the few non-Chinese media brands to become a household name across China.

Hurun Media monetizes 1 million views a month in China, through its wechat, weibo, website and legacy magazine.

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Recent themed events include blockchain, fintech and 30 under 30, with industry-respected awards. We deliver 100+ events a year in China, with 200 entrepreneurs from the Hurun China Rich List attending.

Hurun Report kicked off the world's largest Chinese New Year dinner series in Shanghai on January 16, and is going to 8 cities across 4 continents. Toronto on Jan 20, New York Jan 23, LA Jan 25, London Jan 28, Istanbul Jan 29, Luxembourg Jan 31 and ending up in Sydney on Feb 18. Hurun Report’s mission is to create the world's largest platform of China gatekeepers.

Investments

Hurun Investments has a portfolio of 20 companies with a market value of US$50 million, with investments into tech, media, design, education as well as a vintage car race and a tailor.

The number "20" is integrated into the Chinese character ‘ 谊 ’ pronounced 'yi', meaning 'friendship', symbolizing how building friendships is at the core of how Hurun Report does business with its partners.

For further information, see www.hurun.net

For media inquiries, please contact:Hurun ReportPorsha Pan Tel: +86-21-50105808*601Mobile: +86-139 1838 7446Email: porsha.pan@hurun.net

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