Wahaha boss tops China rich list

Many of nation's wealthiest suffer due to economic slowdown: Forbes

Slower economic growth took its toll on many of China's 100 biggest fortunes, according to the 2012 Forbes China Rich List, with 45 of them slipping from last year's count and their total assets dropping 7 percent to $220 billion.

Zong Qinghou, the founder and chairman of the beverage producer Hangzhou Wahaha Group Co Ltd, who topped the list in 2010, regained his title as the richest businessmen in China, with a net worth of nearly $10 billion, according to the list.

With an 80 percent share in Wahaha, Forbes said Zong's fortune exceeded 60 billion yuan ($9.57 billion), over 2 billion yuan more than last year.

Wang Jianlin, chairman and president of Dalian Wanda Group Co Ltd, was the fastest riser in the past year, seeing his wealth jump from 25.6 billion yuan to 50.4 billion yuan, making up the top three with Zong and Robin Li from China's search engine company Baidu.

The Forbes list comes a fortnight after Zong, 67, topped the Hurun Rich List 2012, which estimated his fortune at $12.6 billion, the second time he has topped the list produced by the Shanghai-based Hurun Research Institute.