The annual Hurun China Rich List, a catalogue that lists persons with a net worth of over 2 billion Yuan (158 million GBP) is out, and this time a good number of crypto entrepreneurs have made the list.
According to the release published on October 10, at least 13 entrepreneurs whose businesses are related to either cryptocurrency trading or mining have featured. One of the most notable industry players that have featured prominently includes Micree Zhan Ketuan, a co-founder of Bitmain technologies. He is ranked among the top 100 richest entrepreneurs in China, courtesy of his estimated wealth of 29.5 billion yuan (£3.2 billion). Wu Jihan, another Bitmain co-founder is also in the list at number 204 with a net worth of 16.5 billion yuan (£1.8 billion).
Bitmain’s main competitor, Canaan Creative, featured through its founder Zhang Nageng, albeit not being in the top 100. Canaan Creative had recently made public its plans to challenge Bitmain with the introduction of a new bitcoin mining machine. Also in the Hurun report is Hu Dong, the founder of Ebang International holdings, another bitcoin mining specialist.
The other prominent crypto personality who features in the list is Binance’s founder Zhao Changpeng, who was ranked at number 230 with a net worth of 15 billion yuan (1.6 Bbillion GBP). Also included in the list is Star Xu, the Okcoin crypto exchange founder.
Blowing hot and cold
Bitmain has been making headlines in recent months with claims that it had the participation of high profile entrepreneurs and investors like DST Global, Tencent, and Softbank in its pre-IPO last August. The three firms have however denied any involvement in this. The bitcoin mining pool and hardware maker is nevertheless on its way to launching one of the largest initial public offerings (IPOs) in blockchain industry history as it positions itself to go public on the Hong Kong Stock Exchange (HKSE).
As was widely expected, the top spot on the list this year taken by Jack Ma the founder of Alibaba Group with a net worth of $39 billion (£29.5 billion). Although Jack Ma has not publicly revealed he is a crypto investor, he has on many occasions stated that he is keenly observing blockchain technology advancements.