Now real estate and the retail industry might be calling the shots, in ten years time entertainment will be leading in wealth creation, said Hurun or Rupert Hoogewerf at the presentation of the first Hurun rich list for the entertainment industry, according to the People’s Daily.
The Tencent Company, which is headed by Ma Huateng, topped the 2010 Hurun Rich List of the Entertainment Industry. Ma’s personal fortune is around 23 billion yuan. The NetEase Company, headed by Ding Lei, ranked second on the list, and Ding’s personal fortune totals around 14.5 billion yuan.
Third place was held by the Shanda Interactive Entertainment Limited (SNDA). The company is headed by Chen Tianqiao, whose personal fortune is around 10.5 billion yuan.
Because the instant messaging tools of the Tencent Company captured the Chinese market early on, their market value has reached up to 233.5 billion yuan. According to Hurun, the bulk of Tencent’s profit comes from young Chinese netizens…
The online gaming industry creates the most magnates in the entertainment industry. There were 20 people from the online gaming industry on the list. Rupert Hoogewerf, publisher of the Hurun Rich List and principal investigator, also indicated that the entertainment industry should create the most wealth of any industry within 10 years.
The standard for the Hurun Rich List of the Entertainment Industry is that those on the list should have at least 1 billion yuan and the average wealth was 4.53 billion yuan. For the Hurun Rich List 2010, the threshold was 600 million yuan.