FinancialContent is the trusted provider of stock market information to the media industry.
By: Forbes Real Time
March 04, 2013 at 23:10 PM EST
2013 Forbes Billionaires List: Meet China's Energy Billionaires
China’s energy industry is dominated by state-owned companies, among them PetroChina and Cnooc. Yet ambitious private sector entrepreneurs have found openings, and several that have focused much of their business on the industry have made it all the way to the 2013 Forbes Billionaires List. The following list members are among that group. *Wang Yusuo, Chairman, ENN Energy Holdings, $2.4 billion, No.613 Wang Yusuo chairs the ENN Group, one of China’s largest non-government-controlled energy businesses. His flagship company is ENN Energy Holdings, a Hong Kong-listed distributor of natural gas. Among the company’s overseas partners, ENN has over the years worked has together over the years with Duke Energy. (Click here for details) *Zhang Hongwei, Orient Group, Chairman, $1.85 billion, No.825 Zhang Hongwei leads Hong Kong-listed United Energy Group, one of China’s largest private-sector oil businesses. The company acquired the upstream operations of BP in Pakistan for $775 million in 2011, and has increased production since. (Click here for details) *Zhu Gongshan, Chairman, GCL Group, $1.8 billion, No.831 In a rough year for solar energy-related business – Chinese businesses such as LDK and Yingli have reported heavy losses, Zhu Gongshan stands out as China’s richest man in the field. Zhu’s GCL-Poly Energy Holdings is one of the world’s largest suppliers of polysilicon and silicon wafers. (Click here for details) *Sun Weijie, Chairman, Yantai Jereh Oilfield Services Group, $1.25 billion, No.1,161 Sun chairs Shenzhen-listed Yantai Jereh Oilfield Services Group , a provider of oilfield equipment and services for the energy industry. Sun debuts on the 2013 Forbes Billionaires after he ranked at No. 143 with wealth of $870 million on the Forbes China Rich List published last October. (Click here for details) *Huo Qinghua, Chairman, China Kingho Group, $1.1 billion, No.1268 2013 Forbes China Rich List newcomer Huo Qinghua chairs China Kingho Energy Group, one of China’s largest private mining and energy companies with operations in China, Africa and Mongolia. The company in October signed a memorandum of understanding to work with Australian mining consultancy Runge. (Click here for details) *Wang Yiting, Chairman, Inner Mongolia Taixi Coal Group, Chairman, $1 billion, No.1,342 Wang Yiting leads unlisted Inner Mongolia Taixi Coal Group, one of the largest coal ming companies in China with sales of more than $1 billion in the first nine months of 2012. (Click here for details) *Sit Kwong Lam, Brightoil Petroleum Group, $1 billion, No.1342 Hong Kong-listed Brightoil Petroleum, controlled by billionaire Sit Kwong Lam, is the bunkering business. Although Sit has faced more than more than his share of tumult in the past year, his fortune is still above $1 billion. (Click here for details.) Sit resides in Hong Kong. -- with Maggie Chen and Mao Yanjie -- Click here for a summary of China's performance on this year's Forbes Billionaires List -- Click here for a list of 10 Chinese newcomers on this year's Forbes Billionaires List -- Click here for a list of China auto industry entrepreneurs to make this year's billionaires list -- Click here for a list of the top 10 wealthiest Chinese on this year's list -- Follow me on Twitter @rflannerychina
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Press Release Service provided by PRConnect.
Stock quotes supplied by Telekurs USA
Postage Rates Bots go here