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anonymous
Q: How many Internet billionaires are there in China?
I would like to know how many billionaires are there in China who made money out of internet.
11 years 30 weeks ago in Web & Technology - China
Billionaires? As in US$ Billionaires?
I would say none. Even the owner of Baidu has to kick up a large percentage of the revenue to the Central Government & Yahoo. He might be a Billionaire on paper, but I doubt he is really worth more than a few hundred million.
All the other big internet sites are owned by large groups of investors (mostly government) so that dillutes any one person's wealth a fair deal.
The only Chinese billionaires I know have all made their money through real estate, coal or oil.
There isn't a lot. They may have made money with the help of the internet but most of the billionaires have made there fortunes by actually doing something real like owning a company....
