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2025-10-28 13:35:58
The 2025 Hurun Rich List was released on October 28th, showing Shenzhen surpassing Beijing in the number of billionaires for the first time in years. The residential distribution of listed entrepreneurs shows a "3+2+3" pattern. Shanghai, Shenzhen, and Beijing occupy the top three positions in "entrepreneur density," with Beijing surpassed by Shanghai and Shenzhen for the first time in over a decade. Shanghai takes first place with 152 entrepreneurs, an increase of 40 from last year. Shenzhen ranks second with 147, up 39 from last year; Beijing ranks third with 146, up 31 from last year. Hong Kong (99, up 17 places) and Hangzhou (84, up 16 places) rank fourth and fifth, respectively. Guangzhou (60, up 15 places) surpasses Taipei for sixth place. Shanghai and Shenzhen saw the largest increases in the number of entrepreneurs on the list, primarily due to the rebound of the A-share market and the fact that both cities are hubs for industries such as semiconductors, biopharmaceuticals, gaming, and AI.
