China’s technology giants Ma Yun, founder of Alibaba Group in China Hangzhou, and Ma Huateng, CEO of Tencent, tied for the position of China’s richest man, the Hurun Research Institute reported.

Sun Piaoyang, chairman of Jiangsu Hengrui Medicine Co Ltd, and his wife, Zhong Huijuan, chairwoman of Hansoh Pharmaceutical Group, grabbed the third spot with 202 billion yuan in wealth.

With the wealth of Warren Buffett, the richest investor in the world, shrinking by $19 billion, the world’s top 100 billionaires lost $408 billion in two months, wiping out all gains made in the past two and a half years, according to Hurun’s wealth impact analysis two months after the COVID-19 outbreak.

Only 9 percent of the Hurun Global Top 100 saw their wealth increase, all coming from China, while 86 percent saw their wealth decrease and 5 percent remained unchanged, and some of them are from Hangzhou，the report said.

“China has been the relative winner, with its stock markets weathering the virus better than its US and European counterparts,” said Rupert Hoogewerf, Hurun Report chairman and chief researcher.

Prior to the coronavirus outbreak, the world had 2,816 “known” dollar billionaires. The current number is now down by 20 percent, as stock markets across the world have wiped out wealth, Hoogewerf added.

Let’s see top 10 richest Chinese two months after the epidemic outbreak the COVID-19 outbreak.

No 10 Ding Lei

Main Company: NetEase

Main Industry: Internet services

No 9 Qin Yinglin and his wife Qian Ying

Main Company: Muyuan

Main Industry: Agriculture

No 8 Lee Shau Kee

Main Company: Henderson Land

Main Industry: Real estate

No 7 Li Ka-shing

Main Company: Cheung Kong

Main Industry: Investments

No 6 He Xiangjian and family

Main Company: Midea

Main Industry: Home appliances

No 5 Yang Huiyan and family

Main Company: Country Garden

Main Industry: Real estate

No 4 Xu Jiayin

Main Company: Evergrande

Main Industry: Real estate

No 3 Sun Piaoyang and wife Zhong Huijuan

Main Companies: Hengrui and Hansoh

Main Industry: Pharmaceuticals

No 2 Ma Yun and family

Main Company: Alibaba

Main Industry: TMT (technology, media and telecommunication)

No 1 Ma Huateng

Main Company: Tencent

Main Industry: Internet services

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