Several prominent figures in the cryptocurrency world have ben listed as some of China’s richest citizens in a new report from the Hurun Research Institute.
The newest release of the list marks the 20th time China’s wealthiest have been ranked by the Institute. All 1893 individuals are worth more than 2 billion Chinese yuan (roughly $209 million dollars). Leading the way was Jack Ma of Alibaba who is deemed the richest man in China with $39 billion in wealth.
The annual release was notable because, as Huron put it, “for the first time, individuals from the blockchain industry made the list.”
Crypto Figures High Up On The List
Bitmain co-founder Micree Zhan Ketuan is listed as one of China’s top 100 richest people with an estimated wealth of $2.4 billion dollars.
Lower down the list is Bitmain co-founder Wu Jihan. He sits at number 204 with an estimated wealth of $2.3 billion. Right below Wu is Binance founder Zhao Changpeng, who’s estimated to be worth $2.2 billion. He is number 230 in the ranking.
Other notable cryptocurrency figures on the list include OKCoin founder Star Xu, Huobi founder Li Lin, and Ebang International Holdings founder Zhang Nangeng. Notable Bitcoin investor Li Xiaolai also made the list thanks to an estimated wealth of around $1 billion.
Rapid Growth Leading To New Faces
The Institute notes how market scalability and a strong investor ecosystem is leading to the creation of new businesses across many industries.
Specifically, it writes how blockchain is “officially the fastest-growing industry” since “14 new faces” from the field made the list. Bitmain’s Wu Jihan is listed as the “richest self-made person born after 1985,” while Ge Yuesheng (also of Bitmain) is listed as the richest person born after 1990. Ge’s wealth is estimated at $490 million.