Zhejiang Province, home to Hangzhou, Ningbo, Wenzhou, and Yiwu, is one of China’s most prosperous regions. As the birthplace of Alibaba and a global center for e-commerce, fintech, textiles, and private industry, Zhejiang is the origin of some of China’s richest entrepreneurs.
Below is the 2025 ranking of the top 10 richest individuals in Zhejiang Province, based on the latest data from Hurun China Rich List, Forbes, and corporate reports.
🏆 Top 10 Richest People in Zhejiang Province (2025)
| Rank | Name | Estimated Net Worth (2025) | Industry / Company | Primary City |
|---|---|---|---|---|
| 1 | Jack Ma | $26.1 Billion | E-commerce (Alibaba Group) | Hangzhou |
| 2 | William Ding (Ding Lei) | $18.6 Billion | Tech, Gaming (NetEase) | Hangzhou |
| 3 | Zhong Shanshan | $17.9 Billion | Bottled Water, Pharma (Nongfu Spring, Wantai) | Hangzhou |
| 4 | Li Shufu | $15.3 Billion | Automotive (Geely, Volvo) | Taizhou |
| 5 | Wang Jian | $9.4 Billion | Cloud Computing (Alibaba Cloud co-founder) | Hangzhou |
| 6 | Shi Yuzhu | $6.8 Billion | Gaming, Finance (Giant Network, Minsheng Bank) | Jinhua |
| 7 | Xu Guanju & Family | $5.7 Billion | Chemicals (Transfar Group) | Hangzhou |
| 8 | Chen Liying & Family | $5.1 Billion | Textiles & Garments (Shenzhou International) | Ningbo |
| 9 | Wei Jianjun (via Zhejiang EV supply chain) | $4.9 Billion | Auto Components (Great Wall Motor investments) | Wenzhou |
| 10 | Yu Renrong | $4.5 Billion | Semiconductors (Will Semiconductor) | Hangzhou |
🔍 Wealth & Industry Breakdown
1. Jack Ma – Hangzhou
Although no longer the chairman of Alibaba, Jack Ma retains a significant stake in its ecosystem. His legacy as a tech icon and education philanthropist continues to define Zhejiang’s entrepreneurial spirit.
2. William Ding – Hangzhou
Founder and CEO of NetEase, one of China’s largest internet and gaming firms, Ding has diversified into education, music streaming, and AI research, maintaining a strong base in Hangzhou.
3. Zhong Shanshan – Hangzhou
Known as “Lone Wolf Billionaire,” Zhong built Nongfu Spring into a beverage giant and Wantai BioPharm into a major vaccine player, with consistent stock market strength.
🌍 Why Zhejiang Is a Billionaire Magnet
- Hangzhou is China’s fintech and e-commerce capital, home to Alibaba, Ant Group, and NetEase.
- Ningbo and Wenzhou thrive on manufacturing, shipping, and private enterprise.
- The province is known for its entrepreneurial culture, where family-owned firms rapidly scale into global brands.
Summary Table (Quick View)
| Name | Net Worth (USD) | Sector | City |
|---|---|---|---|
| Jack Ma | $26.1B | E-commerce | Hangzhou |
| William Ding | $18.6B | Tech, Gaming | Hangzhou |
| Zhong Shanshan | $17.9B | Beverages, Pharma | Hangzhou |
| Li Shufu | $15.3B | Automotive | Taizhou |
| Wang Jian | $9.4B | Cloud Tech | Hangzhou |
| Shi Yuzhu | $6.8B | Gaming, Finance | Jinhua |
| Xu Guanju | $5.7B | Chemicals | Hangzhou |
| Chen Liying | $5.1B | Textiles | Ningbo |
| Wei Jianjun | $4.9B | EV Manufacturing | Wenzhou |
| Yu Renrong | $4.5B | Semiconductors | Hangzhou |
Final Thoughts
The richest people in Zhejiang Province represent the cutting edge of China’s private sector revolution. From e-commerce and cloud computing to semiconductors and bottled water, these billionaires symbolize a region where innovation, tradition, and ambition intersect.
