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XIAOMI-W Lei Jun Denies to Be CN Richest Man
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XIAOMI-W (01810.HK) once soared to $58.7 yesterday (27th), setting a new listing high.

Chinese media estimated that Lei Jun's total wealth will reach RMB440 billion, surpassing Zhong Shanshan, Founder of NONGFU SPRING (09633.HK), and becoming China's new richest man, after combining his shareholdings and investments in XIAOMI-W, Kingsoft series and Shunwei Capital.

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However, a report quoted Lei's response in an alumni group of Wuhan University as saying that it is “fake news”.

Zhong topped the list with a wealth of US$50.8 billion, followed by TENCENT (00700.HK) Chairman Ma Huateng/ ByteDance Chairman Zhang Yiming/ PDD Holdings (PDD.US) Founder Colin Huang/ CATL (300750.SZ) Chairman Zeng Yuqun, with 2024 wealth scale of US$46.8 billion/ US$45.6 billion/ US$43.9 billion/ US$37.1 billion, respectively, according to the 2024 Forbes list of China's 10 richest people.
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