⁍ Jack Ma, founder of Alibaba 9988.HK, retained the top spot for the third year in a row.

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⁍ More wealth was created this year than in the previous five years combined.

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⁍ China’s rich-listers adding $1.5 trillion, roughly half the size of Britain’s GDP.

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– The Hurun Report has released its annual list of China’s richest people, and this year’s numbers are especially impressive: The combined wealth of the billionaires on the list is $4 trillion, which is more than Germany’s GDP and roughly half the size of Britain’s, reports Reuters. That’s $1.5 trillion more than in the previous five years combined. The top 10: Jack Ma, founder of e-commerce giant Alibaba: His wealth jumped 45% to $58.8 billion thanks in part to the company’s upcoming mega-listing. He Xiaopeng, founder of electric vehicle maker Xpeng Motors: His wealth jumped 80% to $6.6 billion after his company’s listing in New York. Zhong Shanshan, founder of bottled water maker Nongfu Spring: His wealth jumped straight into the top 3 with $53.7 billion. Rupert Hoogewerf, chairman of Hurun Report: “The world has never seen this much wealth created just one year. Chinas entrepreneurs have done much better than expected. Despite Covid-19 they have risen to record levels.” The top 10: Jack Ma, founder of Alibaba: His wealth jumped 45% to $58.8 billion. He Xiaopeng, founder of electric vehicle maker Xpeng Motors: His wealth jumped 80% to $6.6 billion. Rupert Hoogewerf: “The world has never seen this much wealth created just one year. Chinas entrepreneurs have done much better than expected. Despite Covid-19 they have risen to record levels.” Click for the full list.