New Chinese Crypto Billionaires See Inclusion on Hurun's Elite Rich List

Hurun China Rich List Released, And It Now Includes Multiple Crypto Entrepreneurs

A local list is released in China each year that outlines the richest people in the country, requiring that they have a minimum net worth of over 2 billion yuan (about $209 million). The record, which is named the Hurun China Rich List, has just been published on October 10th, and finally includes 13 cryptocurrency innovators, among all of the traditional financiers.

The Hurun Research Institute is responsible for compiling and publishing the list, and the current ranking has a lot of familiar names.

The top of the list features Jack Ma of Alibaba, with 270 billion yuan, or $39 billion. Micree Zhan Ketuan, who co-founded Bitmain Technologies, ranks in as one of the top 100 richest people in China, and holds about 29.5 billion yuan. He is the only crypto-involved businessman that managed to be placed in the top 100 list. The next cryptocurrency entrepreneur on the list is the co-founder of Bitmain Wu Jihan at 204th place. His net worth is 16.5 billion yuan.

Others on the list include:

One interesting additional is Li Xiaolai, who is a BTC whale and consistent investor that holds 7 billion yuan. However, he has been vocal about abstaining from additional blockchain projects in the future, saying,

“So, if you see ‘Li Xiaolai’ associated with any project (I have been associated with countless projects without my knowledge, 99% is not an exaggeration), just ignore it.”

Bitmain has been in the media lately for their claims of participation from high profile investors, including Tencent, DST Global, and SoftBank. However, all of the companies that they’ve named have denied being involved with Bitmain. SoftBank went as far as to say,

“neither the SoftBank Group Corp. nor the SoftBank Vision Fund were in any way involved in the deal.”

Temasek has also published statements, denying that they are tied in with the IPO announced by Bitmain. They said,

“Temasek is not an investor in Bitmain, and has never had discussions with, or an investment in Bitmain. News reports about our involvement in their IPO are false.”

DST Global put it a little simpler, saying that they “never invested” at all.

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