Guo Guangchang, 48, Tops Inaugural Hurun Midas Rich List

Guo Guangchang, 48, tops inaugural Hurun Midas Rich List60% of Midas Rich List are overseas educated; Fudan and Yale graduates rule; 87 Chinese investors found with US$50m or more《Hurun Midas Rich List 2015, sponsored by Platinum Palace》 Guo Guangchang, 48, of Fosun is crowned Number One on Hurun Midas Rich List with personal fortune of US$4.5bn; Chen Tianqiao, 42, of Shanda is second with US$2.7bn and Zhang Lei, 43, of Hillhouse is third with US$2.4bn. The Hurun Midas Rich List is inspired by the story of King Midas from Greek mythology. King Midas was famous for his ability to turn everything he touched with his hand into gold. This came to be called the Golden touch, or the Midas touch.  87 Chinese investors found with US$50m or more of personal wealth, and an average wealth of US$420m. Rupert Hoogewerf said “We managed to rank 87 individual investors from China with fortunes of more than US$50m, but the true number of people with US$50m market could well be closer to 500.” 60% are educated overseas, a high percentage. Within China, Fudan University was best represented, making up 4 of the Top 10, whilst Yale made of 2 of Top 10.  Half of the list came from 15 companies, led by CDH Investment with 6 individuals, JD Capital with 5, IDG and Fosun with 4 each and Sequoia Capital and SAIF with 3 each. 12 are women, led by Kathy Xu Xin of Capital Today with US$1bn. Beijing is the undisputed capital when it comes to China’s top investors, with 35 headquartered there, followed by Shanghai and Shenzhen with 15 and 10. Interestingly 20 have their head office in the US. Average age of 49, four years younger than that of the Hurun China Rich List. Two were born in the eighties. Dai Zhikang, 34, of Angel Investor and Wu Qiang, 35, of JD Capital, are the youngest with US$80m and US$440m. Venture capital represented 52%, private equity 42% and angel investors made up 6% of the individuals on the list. The average investment company size was only 30 people, although they control companies with many thousands of people. Hoogewerf said “The investment sector has the highest wealth creation per capita in the world.” Average year to start up the investment company was 2000, seven years after the entrepreneurs from the Hurun China Rich List.Page 1 of 10 Chinese star signs. People born in the years of the dragon, rabbit and rooster were most popular, whilst those born in the year of the dog were least popular. Platinum Palace, a luxury holiday villa resort in Sanya, Hainan Island, is the title sponsor of the Hurun Midas Rich List. Platinum Palace is developed by Hong Kong Dadi Group.(12 January 2015, Sanya, Hainan Island, China) Today Hurun Research and Hong Kong Dadi Group jointly released the Platinum Palace - Hurun Midas Rich List of China 2015, a ranking of Chinese investors with US$50 million of personal wealth or more. To qualify for the list, 30% of their wealth must have derived from investments. This is the first year of the list.Hurun Research found 87 individuals with US$50m or more, of which 9 are dollar billionaires. The total wealth was US$36.5bn, the average was US$420m.Rupert Hoogewerf, Chairman and Chief Researcher of Hurun Report, said: “The stories of these people tell the story of the investment sector in China, many of whom are the unsung heroes behind China’s most successful companies.” Hoogewerf continues, “I see a clear trend of entrepreneurs in China actively moving towards becoming investors. You can see this through more and more studying EMBAs, and significantly all of them wanting to send their children to the world’s top universities to study finance.”Xia Jie, President of Hong Kong Dadi Group said: “The people from the Hurun Midas Rich List are among the most international and highly-educated of all Chinese entrepreneurs. Platinum Palace is a luxury villa resort, developed by Hong Kong Dadi Group, catering to the busy entrepreneur looking for a place to relax and let down their hair. It is one of the best-located developments within Sanya, right on the sea and a stone’s throw from the airport and the Sanya city center.”This is a brief summary of the more detailed Chinese-language press release. Whilst care has been taken to ensure discrepancies were kept to a minimum, if any differences do arise, the Chinese press release prevails.The Top 10 The average wealth of the Top 10 was US$1.8bn. Two are from Fosun, Guo Guangchang and Liang Xinjun, 2 from CDH Investment, Wu Shangzhi and Jiao Zhen. 6 are headquartered in Shanghai, 3 from Beijing and one in the US. The average age of the Top 10 was 50. 4 graduated from Fudan University in Shanghai, led by Guo Guangchang, Chen Tianqiao, Liang Xinjun and Yu Feng, followed by 2 from Yale University in the US, led by Zhang Lei and Neil Shen Nanpeng and 1 from MIT, Wu Shangzhi.Rank Name Wealth US$M Age Company Headquarters 1 Guo Guangchang 4500 48 Fosun Shanghai 2 Chen Tianqiao 2700 42 Shanda Shanghai 3 Zhang Lei 2400 43 Hillhouse Capital New York 4 Shen Nanpeng 1800 48 Sequoia Capital Beijing 5 Liang Xinjun 1600 47 Fosun Shanghai 6 Chen Rong 1300 57 Zhonglu Shanghai 7 Wu Shangzhi 1100 65 CDH Investment BeijingPage 2 of 107 Yu Feng 1100 52 Yunfeng Capital Shanghai 9 Xu Xin 1000 49 Capital Today Shanghai 10 Jiao Zhen 900 49 CDH Investment Beijing Source: Hurun ResearchGuo Guangchang, 48, is crowned Number One on the Hurun Midas Rich List with a personal fortune of US$4.5bn. In the past year Fosun has been increasingly active in its acquisitions, most recently with its successful takeover of Club Med last week. Others include St John, a US fashion brand, Alma Lasers in Israel, Saladax in the US, Caruso in Italy, One Chase Manhattan Plaza in New York, Lloyds Chambers in London and an insurance company in Portugal. Three others from Fosun made the list, led by Liang Xinjun on US$1.6bn.Timothy Chen Tianqiao, 42, is second with US$2.7bn. Shanda has evolved from online games into an investment company. In the past decade, Shanda has invested into 140 companies.Zhang Lei, 43, comes in at third place with US$2.4bn. A graduate of Yale School of Management founded Hillhouse Capital with US$30 million from the Yale University endowment and today manages over US$14 billion. In 2010, Zhang donated US$8.88 million to his alma mater.Neil Shen Nanpeng, 48, was fourth with US$1.8bn. In 2005, having made his initial capital from Ctrip, Shen founded Sequoia Capital in China with the support of Michael Moritz and Doug Leone. One of the most active investors in China today, Shen has invested into 100 plus companies, of which 30 have gone public, led by Qihoo, vip.com and Ourpalm.Chen Rong, 57, comes in at 6th place with US$1.3bn. Chen has invested into 160 companies using his Zhonglu holding company, led by technology (Boqii, Mask Family, xipin.com) and cleantech. 20 of these have gone public including NVC, Peak, Mecoxlane, Kingteller and Egova.Wu Shangzhi, 65, is 7th with US$1.1bn. The oldest in the Top 10, Wu graduated from MIT. CDH Investment has invested into 150 companies, of which 30 have gone public, including Mengniu, Li-Ning, Nanfu, FocusMedia and Shuanghui.Yu Feng, 52, is also at 7th with US$1.1bn. In 2006 Yu sold Target Media, a company he founded, to rival FocusMedia, setting up Yunfeng Capital with Jack Ma of Alibaba as one of the partners. Since then, Yunfeng has invested into Huayi Bros, damai.cn, sogou and BGI.Others of InterestXu Xiaoping, co-founder of education giant New Oriental, is today one of China’s best-known angel investors through Zhen Fund. One of his most successful investments was Jumei.Yan Yan, partner at SAIF. With US$4bn under management, SAIF’s most successful investments include Shanda and Perfect World.Zhao Linghuan of Hony Capital, the investment arm of electronics giant Lenovo. With CNY 46bn under management, Hony Capital has made 70 investments, including China Glass Holdings, CIMC, CSPC, Yaohua Glass and Suning.Page 3 of 10Xiong Xiaoge of IDG. Founded IDG with Patrick J. McGovern in 1993, one of the earliest venture capital funds in China. With US$3.6bn under management, IDG focuses on the tech sector.Kathy Xu Xin of Capital Today. China’s most successful female investor, Xu founded Capital Today in 2005 and has since invested into Tudou, Z-Kungfu, Ganji, Inoherb, Zbird and JD.com. When JD.com went public, Xu made more than 100 times her initial investment.Lin Xinhe of DCM. With a team of only 7 people and US$2.5bn under management, DCM has invested into 40 companies, of which 11 have gone public, including Mbaobao.com, yesmywine.com, 58.com, vip.com, tuniu.com. Fang Fenglei of Hopu. Fang, the former chief of Goldman Sachs in China, has been a player with some of China’s largest companies, including PCCW, China Mobile, China Telecom, China Unicom, CNPC, Sinopec, CNOOC and Bao Steel. Hopu has US$2.5bn under management. One of its recent investments is in Xiaomi Technology.James Ding Jian. Together with Edward Tian Suning, Ding co-founded AsiaInfo in 1994, later taking it public on Nasdaq. Since then, Ding has been an active investor with JSR.Edward Tian Suning. After co-founding AsiaInfo with James Ding, Tian left the private sector to head up China Netcom, a state-controlled company. In 2006, Tian set up CBC-Capital, mainly focused on the tech sector.Wu Ying. Best-known as the founder of UtStarcom, which became one of the first large-size Chinese companies listed on Nasdaq, Wu set up China Capital Group in 2008.Fred Hu Zuliu. A former colleague of Fang Fenglei at Goldman Sachs, Hu was linked to a high-profile appointment at the People’s Bank of China, before setting up Chunhua Capital. Since then, Hu has invested into 30 companies and has US$1bn under management.Feng Tao & Feng Bo, brothers. In 1999 Feng Tao founded New Margin, which today has US$3bn under management. New Margin has invested into 160 companies, of which 40 have gone public. In 2004, his brother Feng Bo set up Ceyuan, focusing on early-stage investments. Successes include douban, haodf.com, UC, Vancl and PPS.How they earn their money. Typically, the investors from the Hurun Midas Rich List make their fortunes by taking 20% of the profits they generate for their fund. This is known as the ‘carry’.Where they are basedHeadquarters Number of Indiv 1 Beijing 35 2 US 20 3 Shanghai 15 4 Shenzhen 10 5 Hong Kong 3 6 Singapore 1 6 Hangzhou 1Page 4 of 10Source: Hurun ResearchTop Women12 of the 87 are female, led by Kathy Xu of Capital Today.Name Wealth US$m Company Headquarters 1 Xu Xin 1000 Capital Today Shanghai 2 Li Yifei & Wang Chaoyong 580 China Equity Beijing 3 Xu Yuqing & Zhu Min 560 Cybernaut Hangzhou 4 Guo Li 420 CDH Investment Beijing 5 Huang Li & Zheng Weihe 350 Cowin Capital Shenzhen 6 Cui Jingtao & Li Wei 320 IER Shenzhen 7 Hu Xiaoling 290 CDH Investment Beijing 8 Tang Huanxin 160 Bright Stone Inv. Beijing 9 Lu Rong 80 DCM US 9 Ma Xuezheng 80 Boyu Capital \ 11 Guo Jia 50 Ventech Capital Beijing 11 Xu Ping 50 Vangoo Capital Beijing Source: Hurun ResearchTwo youngest. Dai Zhikang, 34, of Angel Investor, is at 68th with a personal fortune of US$80m. When Boyaa went public in 2013, Dai had a return of 1000 times, and when Camel Games was purchased by Shanghai-listed Ultra Power, Dai had managed to turn CNY 500,000 into RMB 45 million in just two years. The second youngest is Wu Qiang of JD Capital with US$440m and ranked 22nd. Chinese star signsChinese Star Sign % 1 Dragon 12% 1 Rabbit 12% 1 Rooster 12% 4 Horse 10% 4 Rat 10% 6 Ox 8% 6 Ram 8% 8 Monkey 7% 8 Pig 7% 10 Tiger 5% 10 Snake 5% 12 Dog 3% Source: Hurun ResearchNew York is the capital of the world’s investors, according to the Hurun Global Rich List 2014. For more information, please visit http://www.hurun.net/EN/ArticleShow.aspx?nid=274Page 5 of 10MethodologyThe Hurun Midas Rich List ranks China’s most successful private equity investors, venture capitalists and angel investors. To qualify for the list, 30% of their personal wealth must come from one of these sectors. This has meant that many successful investors such as Jack Ma of Alibaba, Lei Jun of Xiaomi, Shi Yuzhu of Giant, are not included on the list since more than 70% of their wealth is tied up in their main businesses.Valuing the wealth of China’s richest is as much an art as it is a science. We have missed some people, but we believe the Hurun Midas Rich List to be the first serious attempt to identify China’s most successful investors and to measure their holdings. Our team of researchers has traveled the length and breadth of the country cross-checking information with entrepreneurs, industry experts, journalists, bankers, and regulators, as well as databases from the previous 16 years of the Hurun Rich List. The Hurun Midas Rich List is a snapshot of wealth on 15 August 2014. The exchange rate used for US$ was RMB 6. The list relates to Mainland Chinese only, defined as someone born and brought up in Mainland China, no matter what passport they might hold today.Page 6 of 10Hurun Midas Rich List of China 2015, sponsored by Platinum PalaceWealth Rank Name Company Headquarters Age US$M 1 Guo Guangchang 4500 Fosun Shanghai 48 2 Chen Tianqiao 2700 Shanda Shanghai 42 3 Zhang Lei 2400 Hillhouse Capital US 43 4 Shen Nanpeng 1800 Sequoia Capital Beijing 48 5 Liang Xinjun 1600 Fosun Shanghai 47 6 Chen Rong 1300 Zhonglu Shanghai 57 7 Wu Shangzhi 1100 CDH Investment Beijing 65 7 Yu Feng 1100 Yunfeng Capital Shanghai 52 9 Xu Xin 1000 Capital Today Shanghai 49 10 Jiao Zhen 900 CDH Investment Beijing 49 11 Wu Gang 770 JD Capital Beijing 38 12 Fan Wei 760 Fosun Shanghai 46 12 Wang Qunbin 760 Fosun Shanghai 46 14 Xu Xiaoping 730 Zhen Fund Beijing 59 15 He Boquan 650 Invest Today Shenzhen 55 15 Yan Yan 650 SAIF Beijing 58 15 Zhao Linghuan 650 Hony Capital Beijing 52 18 Xiong Xiaoge 610 IDG US 60 Wang Chaoyong & China Equity 19 580 Beijing 50, 51 Li Yifei Company 20 Zhu Min & Xu Yuqing 560 Cybernaut Hangzhou 67, 66 21 Huang Xiaojie 550 JD Capital Beijing 37 22 Wu Qiang 440 JD Capital Beijing 35 23 Guo Li 420 CDH Investment Beijing \ 24 Zhang Suyang 370 IDG US \ 24 Zhou Quan 370 IDG US 58 24 Zhu Linan 370 Legend Capital Beijing 53 Zheng Weihe & 27 350 Cowin Capital Shenzhen 49, \ Huang Li 28 Feng Tao 320 New Margin Shanghai 48 28 Li Wei & Cui Jingtao 320 IER Shenzhen 48, \ 30 Hu Xiaoling 290 CDH Investment Beijing 44 30 Lin Dongliang 290 IDG US \ 30 Wang Lin 290 CDH Investment Beijing \ 30 Wang Zhenyu 290 CDH Investment Beijing \ 34 Yu Jianming 270 New Horizon Hong Kong 44 35 Sun Qiang 240 Warburg Pincus US \ 36 Cai Lei 230 JD Capital Beijing 43 36 Ding Jian 230 JSR Beijing 50 36 Fang Fenglei 230 Hopu Singapore 63 36 Tan Zhengyu 230 JD Capital Beijing 39 Page 7 of 1040 Hu Zuliu 190 Primavera Beijing 52 40 Li Hui 190 Warburg Pincus US \ 40 Liu Haifeng 190 KKR US 40 40 Zhang Wei 190 Costone Shenzhen \ 44 Wu Jun Ping 180 SAIF Beijing \ 45 Bao Fan 160 China Renaissance Beijing 45 45 Deng Feng 160 Northern Light Beijing 52 45 Feng Bo 160 Ceyuan Beijing 46 45 Ke Yan 160 Northern Light Beijing \ 45 Lin Xinhe 160 DCM US 51 45 Luo Fei 160 Green Pine Capital Shenzhen 49 Millennium Ark 45 Song Yuming 160 Beijing \ Capital Bright Stone 45 Tang Huanxin 160 Beijing \ Investment China Capital 45 Wu Ying 160 Shanghai 56 Group 45 Yang Xiangdong 160 Carlyle US 58 45 Zhou Kui 160 Sequoia Capital Beijing 47 56 Ji Yue 130 Sequoia Capital Beijing 43 56 Yang Dong 130 SAIF Beijing 44 58 Chen Wei 110 Oriental Fortune Shenzhen 51 58 Fu Shan 110 Blackstone US \ 58 Tang Kui 110 FountainVest Shanghai \ 58 Tian Suning 110 CBC-Capital Beijing 52 58 Wang Mingfu 110 Hejun Beijing 49 58 Wang Shen 110 TPG US 51 Qiming Venture 64 Kuang Ziping 100 Shanghai \ Partners 64 Tang Yue 100 BlueMount US \ 64 Wu Shenjun 100 GSR Ventures Beijing \ 64 Zhu Bode 100 Orchid Asia US \ Walden 68 Chen Liwu 80 US 55 International 68 Dai Zhikang 80 Angel Investor \ 34 68 Shan Weijian 80 PagAsia Hong Kong \ Trustbridge 68 Li Shujun 80 Shanghai \ Partners Morning Side 68 Liu Qin 80 Hong Kong 42 Ventures 68 Lu Rong 80 DCM US \ 68 Ma Xuezheng 80 Boyu Capital \ 63 68 Shao Jun 80 DT Capital Shanghai \ 68 Tian Lixin 80 DT Capital Shanghai \ 68 Wang Yonghua 80 Tiantu Capital Shenzhen \ 68 Zhang Ying 80 Matrix Partners US 42 79 Chen Keyi 65 China Renaissance Beijing \Page 8 of 1080 Cao Darong 50 Lightspeed Capital US 41 80 Chen Houbo 50 Oriental Fortune Shenzhen 52 80 Guo Jia 50 Ventech Capital Beijing \ 80 Mi Qun 50 Lightspeed Capital US \ 80 Shao Yibo 50 Matrix Partners US 42 80 Wang Ping 50 Cypress Capital Shenzhen \ 80 Xu Ping 50 Vangoo Capital Beijing \ 80 Zhu Jing 50 Rich Land Equities Shenzhen \ Source: Hurun Research. Data support: Zero2IPOAbout DADI Group DADI Group is a diversified investment group, headquartered in Hong Kong. Key interests include real estate development, tourism, culture, finance, mining, engineering, design, film and television.DADI entered real estate industry in 2000, and today does residential, commercial and hotels. Plantinum Palace in Sanya, Hainan Island, is its flagship. DADI has two other projects in Hainan Island. DADI’s motto is to "Build innovating homes, creating urban landmarks.”About Hurun Report Inc. Nobody Knows China’s Rich Better!Established as a research unit in 1999 by British accountant Rupert Hoogewerf, Hurun Report Inc. has grown into a leading media group based in Shanghai, China. Hurun Report Inc. has a stable of six titles (2 digital and 4 print), the Hurun Research Institute and an active business events division targeting China’s entrepreneurs and high net worth individuals. The flagship Hurun Report magazine is published monthly and reaches the households of 116,000 proven wealthy Chinese individuals and their advisers. Hurun Report is best known for its annual Hurun China Rich List, widely considered the bible of wealth and de-facto Who’s Who of Chinese business.Hurun Report Inc. also publishes the Hurun Schools Guide series, Wings & Water and Horse & Polo China.The Hurun Schools Guide series explains the respective education systems of various destinations such as the UK, US, Canada, Australia and New Zealand, Switzerland and Singapore, issues parents need to take into consideration when making the transition from the Chinese system, and lists the top preparatory, secondary and undergraduate schools.Wings & Water is for the so-called lion kings of China; those individuals who lead industry and shape opinions. It addresses the needs of those entrepreneurs looking to purchase a jet or yacht, as well as setting out how to maintain these big and costly machines. Horse & Polo China provides in-depth coverage about horse related issues including features on Polo, Dressage, Horse Racing, Bloodstock as well as Dogs and Croquet. The magazine is designed to be the glamorous companion for wealthy Chinese with a passion for horses.Page 9 of 10For further information, see www.hurun.netFor media inquiries, please contact: Hurun Report Porsha Pan Tel: 021-50105808*601 Mobile: 139 1838 7446 Email: [email protected]Page 10 of 10

Guo Guangchang, 48, Tops Inaugural Hurun Midas Rich List

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