(Yicai Global) March 20 -- Huang Zheng, the founder and chief executive of Groupon-like Chinese application Pinduoduo, has entered a club of billionaires who are under 40 years of age for the first time, and immediately ranked second globally, tailing Mark Zuckerberg.
Huang and Facebook's co-founder Dustin Moskowitz shared the second place with CNY100 billion (USD15 billion) in wealth, according to the Hurun Global Under Forty and Self-Made Billionaires 2019 report which was published yesterday. Facebook's Chief Executive Zuckerberg led the group with a fortune of CNY540 billion. The report is a snapshot from Jan. 31.
The list included 46 people from 19 cities all over the world, with one more person added from last year. The US triumphed with 21 participants and China followed with 16. The pair accounted for 80 percent of the world's most successful young entrepreneurs, and their two cities of Los Angeles and Beijing were drawing most of the talent.
Zhang Yiming, the founder of Beijing's ByteDance Technology which runs TikTok video app, tripled his fortune in one year to CNY95 billion, ranking fourth. Wang Tao, the founder and chief executive of drone maker SZ DJI Technology, ranked sixth in a tie with a wealth of CNY45 billion.
Editor: Emmi Laine