Finance

Crypto Entrepreneurs Are Among The Top Riches In China’s Annual List

Hurun Rich List of China, an annual catalog of people with a net worth of more than 2 billion yuan has a list of different businessmen associated with cryptocurrency entrepreneurs in Chinese financial elite.

The Hurun Research Institute has published the list of the richest people in the country, established in 2018, including at least 13 entrepreneurs whose activities are related to the mining and trade of cryptocurrencies.

Crypto Entrepreneurs Top Riches In China’s Annual List

The list includes players such as the co-founder of computer chip and software maker Bitmain Technologies, Micree Zhan Ketuan, among China’s 100 Best Rich People, with an estimated wealth of 29.5 billion yuan. Wu Jihan, the co-founder of Bitmain, is in the 204th place with a personal value of 16.5 billion yuan.

Founder of Binance, the largest crypto-currency exchange, Zhao Changpeng, ranks 230th, with a wealth estimated at 15 billion yuan. Zhao is followed by Star Xu, founder of OKCoin Crypto Exchange and founder of Huobi, Li Lin.

Nangeng Zhang, founder of computer maker Creative Canaan, and Hu Dong, founder of the Bitcoin mining machine, Ebang International Holdings, are also included in the Hurun report.

The list also comprises serial investor Li Xiaolai and BTC Whale, with a wealth projected at 7 billion yuan. Freshly, Li said he would not invest in future for blockchain projects.

In recent months Bitmain has made the headlines stating that it has the participation of renowned investors such as the Chinese conglomerate Tencent technology, Japanese company Softbank in Japan, and the investment company DST Global, before the IPO. The companies then deprived their participation. A Softbank employee stated that neither Softbank Vision Fund nor SoftBank Group Corp was involved in the transaction at all.

The investment company Temasek based in Singapore officially denied its share of Bitmain IPO and said, “Temasek there is Bitmain investor and I have never had a conversation with him or Bitmain investment reports on our commitment to his IPO are incorrect.”

Deepak Kumar

After working as digital marketing consultant for 4 years Deepak decided to leave and start his own Business. To know more about Deepak, find him on Facebook, Google+, LinkedIn now.

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