SHANGHAI : The founder of PDD Holdings saw his wealth swell by $13.8 billion in a year, as a slowing global economy drove more shoppers to the Chinese company's discount e-commerce platforms Temu and Pinduoduo, an annual rich list showed on Tuesday.
Colin Huang, who founded PDD in 2015 and stepped down as CEO in 2020, was the fastest riser in this year's Hurun Rich List, leaping seven places to be ranked China's third richest man with a $37.2 billion fortune. It also marked the first time he had broken into the top 3 ranking.
Richard Liu, who founded e-commerce giant JD.com, also saw his wealth, and that of his wife Zhang Zetian, fall by $6.2 billion since last year to $8.26 billion, according to Hurun's list. The founder of bottled water brand Nongfu Spring, Zhong Shanshan, retained his first place for the third year running on the list with a $62 billion fortune while Pony Ma, founder of social media and gaming giant Tencent was second with $38.6 billion.
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