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The Associated Press reports that ByteDance founder Zhang Yiming reclaimed the top spot on the Hurun China Rich List, with estimated wealth of US$100 billion, up 43%. Hurun chairman Rupert Hoogewerf said almost all of Zhang’s gains came from AI.

Hoogewerf described AI as the list’s biggest single wealth engine, saying 160 people on the ranking, one in ten, now make their money from the sector. Hurun also said the list had a record 1,529 people worth more than five billion yuan, a 6.6% rise on last year.

DeepSeek founder Liang Wenfeng ranked seventh and Cambricon chair Chen Tianshi tenth, adding an AI start-up founder and a chipmaker leader to the ranking’s top ten. Hurun’s figures are estimates of net worth, not cash holdings, and the broader list also reflects gains in semiconductors and robotics.

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