27 Apr '11, 1am

Baidu CEO leads Forbes list of China millionaires: BEIJING - SEARCH engine Baidu Inc's chief executive Robin Li

Baidu CEO leads Forbes list of China millionaires: BEIJING - SEARCH engine Baidu Inc's chief executive Robin Li

Mr Li owns 61.3 billion yuan (S$11.6 billion) in assets. -- PHOTO: AP BEIJING - SEARCH engine Baidu Inc's chief executive Robin Li is the richest businessman from the Chinese mainland, according to a Forbes China report. Mr Li owns 61.3 billion yuan (S$11.6 billion) in assets, according to a Forbes China report, The Global Chinese Billionaire List. The list focuses specifically on the rise of Chinese wealthy entrepreneurs, chinanews.com reported on Tuesday. The second- and third-wealthiest mainland Chinese billionaires are Mr Liang Wengen (52.2 billion yuan), chairman and main shareholder of Sany Group, and Mr Zong Qinghou (38.5 billion yuan), the founder of China's largest beverage producer, Wahaha. The report includes 213 Chinese billionaires, 115 of which are from the Chinese mainland. Forbes China chief editor Zhou Jiangong said, 'The Chinese mainland has shown its mag...

Full article: http://www.straitstimes.com/BreakingNews/Money/Story/STIS...

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