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Hurun publishes 1st entertainment industry rich list

11-11-2010 14:39 BJT

For the first time, the Research Institute of Hurun released a report called the 2010 Hurun Rich List of the Entertainment Industry on Nov.9.

The Tencent Company, which is headed by Ma Huateng, topped the 2010 Hurun Rich List of the Entertainment Industry. Ma's personal fortune is around 23 billion yuan. The NetEase Company, headed by Ding Lei, ranked second on the list, and Ding's personal fortune totals around 14.5 billion yuan.

Third place was held by the Shanda Interactive Entertainment Limited (SNDA). The company is headed by Chen Tianqiao, whose personal fortune is around 10.5 billion yuan.

Because the instant messaging tools of the Tencent Company captured the Chinese market early on, their market value has reached up to 233.5 billion yuan. According to Hurun, the bulk of Tencent’s profit comes from young Chinese netizens.

According to Tencent's 2010 performance report for the first quarter, their Internet value-added services revenue, which includes four services (QQ Games, QQ space, QQ members and QQ show), occupies 80 percent of the total income. There are three people from the Tencent Company in the top 20 on the list.

Ding Lei was a founder of the NetEase Company. According to their 2010 performance report in the second quarter, more than 90 percent of the revenue comes from its online game service. Ding's company was the mainland proxy for the "World of Warcraft," which broke a record as the most popular online game in 2009.

The online gaming industry creates the most magnates in the entertainment industry. There were 20 people from the online gaming industry on the list. Rupert Hoogewerf, publisher of the Hurun Rich List and principal investigator, also indicated that the entertainment industry should create the most wealth of any industry within 10 years.

The standard for the Hurun Rich List of the Entertainment Industry is that those on the list should have at least 1 billion yuan and the average wealth was 4.53 billion yuan. For the Hurun Rich List 2010, the threshold was 600 million yuan.

The magnates of the entertainment industry are the youngest of all industries with an average age of 43 years. Their average age is 8 years younger than those on the 2010 Hurun Rich List. The 37-year-old Chen Tianqiao is the youngest of the self-made tycoons.

In a subdivision of the industry, the online games industry occupies the highest proportion and there are nine people in this area. Chen Tianqiao is also a good example for most people.

In recent years, the animation industry quietly rose in China and had great potential for development. The cinema industry developed rapidly, which made fortunes for people like Wang Jianlin, a founder of Wanda Cinema, and Huayi Bros. Media Group, a well-known integrated entertainment group in mainland. Both are typical representatives of the cinema industry.

Editor:Jin Lin |Source: Peoples Daily

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