PRESS RELEASE HURUN GLOBAL REAL ESTATE RICH LIST 2020

HURUN REPORT FINDS 256 REAL ESTATE BILLIONAIRES ON PLANET, UP 17

CHINA LED WITH 54%, FOLLOWED BY USA 13% AND UK 7%

WITH US$33BN, DOWN US$4BN, XU JIAYIN (62) IS WORLD’S RICHEST REAL ESTATE TYCOON

HONG KONG (26) IS THE GLOBAL CAPITAL FOR REAL ESTATE BILLIONAIRES, FOLLOWED BY GUANGZHOU (18) AND SHENZHEN WITH (17). GREATER BAY AREA

HAS 70.

SHARED OFFICE SPACE UPS AND DOWNS. MARK DIXON, OF REGUS, SAW WEALTH UP 64% TO US$1.8BN. ADAM NEUMANN, 40, OF WEWORK WAS BIGGEST LOSER,

DOWN 80% TO US$1.3BN.

DONALD TRUMP DOWN 4 TO 86th PLACE WITH US$3BN

CHINESE DEVELOPERS DONATED US$300MN TO HELP THE FIGHT AGAINST CORONAVIRUS

MUMBAI-BASED NIRANJAN HIRANANDANI, 68, OF HIRANANDANI COMMUNITIES TRIPLES WEALTH TO US$3.9BN

39 NEW FACES, LED BY AUSTRIAN DEVELOPER RENE BENKO (42) OF SIGNA HOLDING WITH US$5BN

19 WOMEN

8 UNDER 45YRS

35 IMMIGRANT BILLIONAIRES, LED SINGAPORE WITH 10 AND UK WITH 6

WORLD’S LARGEST RICH LIST PROVIDER RELEASES HURUN REAL ESTATE GLOBAL RICH LIST 2020

(20 March 2020, Shanghai, China) The Hurun Research Institute today released the Hurun Global Real Estate Rich List 2020, a ranking of the billionaires in the world, whose main business is in real estate. This is the second year of the ranking and is a sublist of the Hurun Global Rich List series, released on 26 February 2020.

Overall it has been a good year for real estate billionaires. 167 saw their wealth rise, of which 39 were new faces. 50 were down and there 24 drop-offs. 39 had the same wealth as last year.

80% are self-made. Of the 20% that inherited fortunes, two thirds have since gone on to grow it eg Donald Trump.

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Rupert Hoogewerf, Chairman and Chief Researcher of Hurun Report, said, “Overall it has been a good year for world’s biggest real estate entrepreneurs. The slowdown in the Chinese economy last year did not seem to have had much of an impact on China’s largest developers. The coronavirus outbreak, however, forced several of the leading Chinese developers to start selling homes online, with Evergrande leading the way.”

Top 10 Hurun Global Real Estate Rich List 2020

Rank Name

Net Worth US$bn

% change

Main Company AgeCountry of Residence

1- Xu Jiayin 33 -11% Evergrande 62 China

2- Li Ka-shing 28 -3% Cheung Kong 92 China

3 î Lee Shau Kee 27 0% Henderson Land 92 China

4- Yang Huiyan & Family 27 17% Country Garden 39 China

5 î Donald Bren 17 0% Irvine Company 87 USA

5 îHenry Cheng Kar-shun & family 17 0% Chow Tai Fook 72 China

5 î Hugh Grosvenor 17 0% Grosvenor 29 UK

5 îJoseph Lau Luen Hung & family 17 6% Chinese Estates 69 China

5 î Wang Jianlin & family 17 0% Wanda 66 China

10* Yao Zhenhua 16 14% Baoneng 50 China

Source: Hurun Global Real Estate Rich List 2020

Xu Jiayin, 62, of Shenzhen-based Evergrande, topped the list with US$33bn. Evergrande last year sold US$86bn of homes, totalling 58 million square meters. During the coronavirus outbreak, Evergrande started selling homes online, with customers in a three-day campaign subscribing for 47,500 houses with a total value of US$8bn. Evergrande ranked 20th in the Hurun China 500 Most Valuable Private Companies 2019 with a with a valuation of US$31.6 billion.

Li Ka-shing, 92, was in second with US$28bn. Cheung Kong's market value is US$21, and in the first half of last year, completed a cumulative sales of US$5bn and profits of US$2bn.

HK-based Lee Shau Kee, 92, of Henderson Development tied for 3rd place with US$27bn. In the first half of last year, Henderson Land completed sales US$1.1bn.

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Foshan-based Yang Huiyan & family, 39, tied for 3rd place with US$27bn. Yang is the only woman in the Top 10, inheriting her wealth from her father Yang Guoqiang, who is still chairman of the company. Country Garden's sales last year increased to US$100bn, making it the largest developer by sales in the world. Country Garden ranked 23rd among Hurun China 500 Most Valuable Private Companies 2019 with a value of US$30.6bn.

Donald Bren, 87, of Irvine Company, is the richest Non-Chinese real estate billionaire with US$17bn. Bren grew the Irvine Company into a multi-billion-dollar real estate empire and become an owner of a 93,000-acre ranch. Irvine Company owns and operates a collection of residential, office and retail properties throughout California.

Hugh Grosvenor, 29, of Grosvenor, is the youngest real estate billionaire in the world with a wealth of US$17bn. The Grosvenor group spans 300 acres of Mayfair and Belgravia in central London, Eaton Hall in Cheshire and investments in 60 cities throughout the world.

Henry Cheng Kar-shun & family, 71, of HK-based real estate developer New World, tied for 5th with US$17bn. New World's revenue in the second half of last year was US$4.3bn, generating profits of US$500mn.

Joseph Lau Luen Hung & family, 69, of HK-based Chinese Estates, tied for 5th with US$17bn. The core business of Chinese Estate includes investment property leasing and property development & sales.

Beijing-based Wang Jianlin & family, 66, tied for 5th with US$17bn. Wanda Commercial's operating income in 2019 hit US$5.7bn, led by the openings of 43 of their flagship Wanda Plaza. Last year, Wanda joined forces with Tencent to create a digital shopping mall.

Shenzhen-based Yao Zhenhua, 50, broke into the Top 10 with US$16bn. Baoneng focuses on three major product lines of science & technology parks, urban complexes and international business districts. They have developed a series of high-quality projects in key cities across the country.

Where they live.

By country, China topped the list with 139 billionaires (55%), followed by USA with 34 (13%) and UK with 17 (7%). By wealth, China dominated with 60% of total wealth generated.

By city, Hong Kong led with 26 billionaires. New York was the only non-China city to make the Top 5.

Real Estate Billionaires by City and Country of Residence

  CityNo. of Billionaires

  CountryNo. of Billionaires

Total wealth US$bn

1- Hong 26 1- Greater 139 586

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Kong China

2↑ Guangzhou 18 2- USA 34 124

3↓ Shenzhen 17 3- UK 17 71

4↓ Beijing 16 4- Singapore 11 29

5↑ New York 15 5- India 9 25

6↓ London 14 6- Australia 7 207↓ Shanghai 11 6- Russia 7 16

7- Singapore 11 8↓ Canada 6 18

9* Moscow 7 9* Brazil 3 410*

Hangzhou 6 9- Japan 3 8

10- Foshan 6 1

1↓Switzerland 2 4

10* Fuzhou 6 1

1↓ UAE 2 10

10* Mumbai 6 1

1↓ Indonesia 2 3

11↑ Israel 2 7

Source: Hurun Global Real Estate Rich List 2020↑ Rank increase yoy ↓ Rank decrease yoy - No Rank change yoy * New to Top 10

Greater China: the region is the world’s absolute No. 1 with 139 Real Estate Billionaires. The combined net worth of the Chinese real estate billionaires was US$586bn, or 61% of total wealth. Led by Hong Kong, 8 Chinese cities make the Top 10 and 16 the Top 30. Average age 61, three years younger than the average of the Hurun Global Rich List. Xu Jiayin of Evergrande is the wealthiest real estate billionaire in the world with US$33bn, albeit down 11% on last year.

The USA is second behind China with 34 real estate billionaires. Their combined wealth was US$124bn. New York has the highest concentration of billionaires with 15, followed by Los Angeles and Newport Beach with 2 each. The average age of US real estate billionaires is 75, 11 years higher than the average age of the global list. With US$17bn, Donald Bren of Irvine Company is the richest real estate tycoon in the USA.

The UK grabbed third place with 17 real estate billionaires. London is the undisputed city of choice for 14 of them. UK billionaires have a combined wealth of US$71bn. The average age of real estate billionaires in the UK is 68. London is the real estate capital of the UK. Four of the UK real estate billionaires are sixth generation or more, led by Hugh Grosvenor.

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Singapore secured fourth place with 11 billionaires. The combined net wealth of Singapore real estate billionaires was US$29.3bn and their average age was 70, six years higher than the average age of the global list. With US$6bn each, brothers Philip Ng and Robert Ng of Far East are the richest real estate Singaporeans.

India was fifth with 9 real estate billionaires. The combined wealth of the Indian real estate billionaires is US$25bn. Average age is 61. Mumbai is the preferred hub for most Indian billionaires followed by Bengaluru. With US$5.1bn, Rajiv Singh of DLF is the wealthiest Indian real estate tycoon followed by Jitendra Virwani (US$4.3bn) of Embassy Property Developments and Niranjan Hiranandani (US$3.9bn) of Hiranandani Communities.

Australia made it to 6th with 7 real estate billionaires. Sydney is the real estate capital of the country with 4 living there. Average age 80. The combined net wealth of Australian real estate billionaires is US$19.6bn. With US$9.1bn, Harry Triguboff of Meriton is the wealthiest real estate Australian. All are self-made.

Russia shared 6th place with Australia, with 7 real estate billionaires. All are self-made. Moscow is the real estate capital and home for all of them. The combined wealth of the Russian billionaires comes to US$16.4bn. With US$3.1bn Zarakh Iliev and God Nisanov of Kievskaya Ploschad are the richest Russian real estate billionaires.

Canada dropped to 8th position, with 6 real estate billionaires. Toronto and Montreal are Canada’s real estate billionaire capitals. The combined wealth of the Canadian real estate billionaires was US$17.7bn. The average age was 70. Naomi Azrieli is the richest real estate billionaire in Canada with US$5.8bn.

Brazil shared 9th place with Japan, with 3 real estate billionaires. All are self-made. The combined wealth of the Brazilian billionaires came to US$4.4bn. With US$1.7bn Rubens Menin Teixeira de Souza is the richest Brazilian real estate billionaire.

Japan shared the 9th position with 3 real estate billionaires. Tokyo is the real estate hub for Japan. The combined wealth of real estate billionaires was US$7.8bn. The average age was 79. Akira Mori of Mori Trust is the wealthiest real estate Japanese in the world with US$3.7bn.

Biggest Gainers

Sun Hongbin added US$5.2bn, the most of any real estate tycoon on this year’s list, to take him up 13 places to 13th. Wu Yajun added US$4.3bn and Yang Huiyan added US$4bn.

Niranjan Hiranandani (68) of India-based Hiranandani Communities was the fastest gainer, more than tripling his wealth to US$3.9bn.

Rajiv Singh of India's largest real estate company DLF Group saw his wealth double to US$5.1bn

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Mark Dixon, 60, of Regus saw wealth up 64% to US$1.8bn, after WeWork abandoned its initial public offering.

Austrian Rene Benko, 42, is the highest new entry, with US$5bn. The son of a local government employee and nursery school teacher, Benko dropped out of school to set up what is today Signa in 1999.

Youngest

There were 8 under the age of 45, led by Hugh Grosvenor, aged 29.

Age Name Net Worth US$bn Main Company

Country of Residence

29 Hugh Grosvenor 17 Grovenor UK37 Adam Kwok Kai-fai 7.8 Sun Hung Kai China39 Hu Xingrong 1.4 Doof China39 Yang Huiyan 27 Country Garden China40 Adam Neumann 1.3 WeWork USA42 Rene Benko 5 Signa Holding Austria44 Yi Rubo 2.6 Zhongall China45 Li Wenbin 4.5 Junfa China

Source: Hurun Global Real Estate Rich List 2020

Largest real estate companies

By market cap, Sun Hung Kai led the way with US$41bn valuation. By revenues Evergrande and Country Garden led with US$67bn and US$54bn.

  Company Market Cap US$bn Revenues US$bn City1 Sun Hung Kai 41 11 Hong Kong2 Public Storage 39 2.9 California3 Simon Property 31 5.7 Indiana4 Evergrande 30 67 Shenzhen5 Country Garden 29 54 Foshan6 Longfor 28 17 Beijing7 Sunac 26 18 Beijing8 Henderson Land 23 2.9 Hong Kong9 Cheung Kong 22 6.4 Hong Kong

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10 Boston Properties 19 3 BostonSource: Hurun Research 2020

Stats

No. of Billionaires

% of Hurun Global Rich List

Richest person Company No. 1 Wealth US$bn

2015 280 13.4% Li Ka-shing Cheung Kong 322016 267 12.2% Wang Jianlin & family Wanda 262017 213 9.4% Wang Jianlin & family Wanda 302018 245 9.1% Xu Jiayin Evergrande 412019 239 9.8% Xu Jiayin Evergrande 372020 256 9.1% Xu Jiayin Evergrande 33

Source: Hurun Research

Points of interest

1. 19 women made the list, 7% of the total. Wu Yajun, 56, & family of Longfor is the Number One self-made women with US$14.1bn, up 44%. Wu’s ex-husband Cai Kui also made the list with US$8.2bn.

2. Donald Trump came in at 86th place with US$3bn, mainly on the back of his New York real estate and golf courses.

3. China senior political appointments. Of the 139 China real estate entrepreneurs, 28 are delegates to the National People's Congress or members of the CPPCC.

7 are delegates to the 13th NPC: Shi Guilu, Lin Tengjiao, Yang Keng, Yan Zhi, Chen Jinshi, Lin Longan and Li Xiaolin.

21 are members of the 13th CPPCC: Xu Jiayin, Victor Li (son of Li Ka-shing), Peter Lee (son of Lee Shau Kee), Yang Guoqiang (father of Yang Huiyan), Xu Rongmao, Guo Binglian, Ji Haipeng, Ou Zongrong, Chen Hongtian, Zhu Dingjian, Zhang Li, Lin Dingqiang, Pan Sutong, Tu Huilong, Zhang Songqiao, Liu Zhiqiang, Zhai Meiqing, Xu Jiankang, Gong Junlong, Luo Yuping and Zhang Guiping.

4. Philanthropy. 32 made combined donations of US$1bn last year, according to the Hurun China Philanthropy List 2019.

Peter Gilgan Foundation donated US$100 million to The Hospital for Sick Children. This is the largest single gift ever to SickKids. Together with donations made to other hospitals and health-care organizations to date, this makes Peter Gilgan and the Peter Gilgan Foundation the largest benefactor to health care in Canada.

Lang Walker of Walker Corp donated US$26mn to Western Sydney University for the Macarthur Medical Research Centre – a dynamic hub for medical education and research

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that will transform Campbelltown Hospital into an internationally engaged research precinct and foster greater scientific, clinical and industry collaborations.

5. Cashing out. Chinese real estate developers were the most successful at cashing out, according to the Hurun Cash Out Rich List 2019.

6. Brands. 14 had real estate brands on the Hurun Most Valuable Chinese Brands 2019: Evergrande, Country Garden, Longfor, Sunac, Wanda, Fortune Land Development, Shimao, Century Golden Resources, Logan Property, Agile, Excellence, R & F, Xuhui and Yango.

7. Social media. Donald Trump is the runaway leading real estate billionaire on social media. In China it was Pan Shiyi & Zhang Xin of SOHO China with the most Weibo followers, with 20 million and 10 million respectively; Sun Hongbin of Sunac, Zhang Baoquan & Wang Qiuyang of Jindian have half a million followers on Weibo. Wang Jianlin's son Wang Sicong has more than 42 million Weibo followers.

8. Real estate was the main source of wealth for 9.6% of the Hurun Global Rich List 2020, coming in second behind TMT, followed by Manufacturing and Investments.

9. Jitu Verwani, 53, listed his flagship holding Embassy Property with a market cap of US$4bn. This was the first REIT listing in India

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Hurun Global Real Estate Rich List 2020For more information, see www.hurun.net

Rank

Rank Change

NameNet Worth US$Bn

% change

Main Company Age

Country of Residence

1 0 Xu Jiayin 33 -11% Evergrande 62 China2 0 Li Ka-shing 28 -3% Cheung Kong 92 China3 1 Yang Huiyan & Family 27 17% Country Garden 39 China3 0 Lee Shau Kee 27 0% Henderson Land 92 China

5 5 Joseph Lau Luen Hung & Family 17 6% Chinese Estates 69 China

5 1 Hugh Grosvenor 17 0% Grosvenor 29 UK5 1 Wang Jianlin & Family 17 0% Wanda 66 China

5 1 Henry Cheng Kar-shun & Family 17 0% Chow Tai Fook 72 China

5 1 Donald Bren 17 0% Irvine Company 87 USA10 1 Yao Zhenhua 16 14% Baoneng 50 China11 1 Xu Rongmao & Family 15 15% Shimao 70 China12 5 Wu Yajun & Family 14.1 44% Longfor 56 China13 13 Sun Hongbin 12.5 71% Sunac 57 China14 -1 Kwong Siu Hing 11.6 -3% Sun Hung Kai 91 China

15 2Peter Woo Kwong-ching & Bessie Pao Pui Yung

10.9 11% Wheelock 74 China

16 4 Pham Nhat Vuong 10.6 28% Vingroup 51 Vietnam

17 -1 Stephen Ross 10 0% Related Companies 79 USA

18 -3 Lu Zhiqiang & Family 9.6 -13% Oceanwide 68 China19 0 Harry Triguboff 9.1 2% Mir Investments 85 Australia20 -7 Majid Al Futtaim 8.9 -26% Majid Al Futtaim - UAE21 18 Li Hua 8.8 69% Excellence 54 China

22 1 Charles Cadogan & Family 8.7 10% Cadogan Estate 82 UK

23 7 Ji Haipeng & Family 8.6 32% Logan Property 53 China24 10 Cai Kui & Family 8.2 39% Longfor 59 China

25 -4 Raymond Kwok & Family 8 -1% Sun Hung Kai 68 China

26 -4 Adam Kwok Kai-fai & Family 7.8 -3% Sun Hung Kai 37 China

27 -1 Simon Reuben 7.6 4% Global Switch 75 UK27 -1 David Reuben 7.6 4% Global Switch 77 UK27 -3 Chen Lihua 7.6 1% Fu Wah 79 China30 2 John A Sobrato & 7.5 17% Sobrato 80 USA

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Family Development

31 -6 Wang Wenxue 7.4 0% Fortune Land Development 53 China

32 -3 Radovan Vitek & Family 6.4 -6% CPI Property 49 Czech

Republic

33 34 Wang Zhenhua & Wang Xiaosong 6.1 74% Xincheng 58,

33 China

34 1 Robert Ng 6 3% Far East 67 Singapore34 1 Philip Ng 6 3% Far East - Singapore

36 -3 Richard Lefrak & Family 5.9 -6% Lefrak

Organization 74 USA

37 17 Naomi Azrieli & Family 5.8 49% Azrieli 54 Canada

37 -2 Hazel Czernin 5.8 0% Howard De Walden Estate 85 UK

39 11 Edward Roski Jr 5.7 36% Majestic Reality 81 USA40 54 Huang Chulong 5.5 104% Galaxy 62 China40 1 Wendy Lee & Family 5.5 10% Sun Hung Kai - China40 -2 Tong Jinquan 5.5 4% Changfeng 65 China43 -1 Ou Zongrong & Family 5.3 8% Zhenro 56 China

44 0 Tamara Gustavson & Family 5.2 11% Public Storage 58 USA

45 60 Rajiv Singh 5.1 104% DLF 60 India

45 -1 Chen Hongtian & Family 5.1 9% Cheung Kei 61 China

47 new Rene Benko 5 new Signa Holding 42 Austria

47 0 Ted Lerner 5 11% Lerner Enterprise 93 USA

49 45 Lin Zhong & Family 4.8 78% Xuhui 52 China50 0 Zhu Mengyi & Family 4.6 10% Hopson 61 China

51 18 Kwek Leng Beng & Family 4.5 32% City

Development 78 Singapore

51 2 Li Wenbin & Family 4.5 10% Junfa 45 China

53 18 Jitendra Virwani 4.3 30%Embassy Property Developments

53 India

53 14 Teddy Sagi 4.3 23% Market Tech Holdings 47 Israel

53 -4 Miao Shouliang 4.3 0% Fuyuan 65 China53 -5 Ken Chu & Family 4.3 -2% Mission Hills 46 China57 94 Peter Gilgan 4.2 147% Mattamy Homes 69 Canada

57 -7 Lin Chang Su-E & Family 4.2 0% Liberty Times - Chinese

Taipei

59 1 Leonard Stern 4.1 11% Hartz Mountain Industries 81 USA

59 -5 Huang Rulun & Family 4.1 5% Century Golden Resources 69 China

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61 2 Yakir Gabay 4 11% Aroundtown Property 52 UK

62 148 Niranjan Hiranandani 3.9 255% Hiranandani Communities 68 India

62 -2 Sheldon Solow 3.9 5% Solow Projects 91 USA62 -18 Jerry Speyer 3.9 -17% Tishman Speyer 79 USA65 12 Chen Hua & Family 3.8 23% Kingkey 54 China

65 -5 Donald Sterling 3.8 3% Los Angeles Clippers 85 USA

67 -4 Akira Mori & Family 3.7 3% Mori Trust 83 Japan

68 3 Pan Shiyi & Zhang Xin 3.6 9% SOHO China 57, 55 China

68 3 Huang Wei & Li Ping 3.6 9% XinHu 61, - China

68 3 Zhang Li & Zhang Liang 3.6 9% R&F 67,

38 China

68 -5 Geng Jianming & Yang Xiaoqing 3.6 0% RiseSun 58,

- China

72 10 Lin Hongxiu & Family 3.5 17% RongQiao 69 China72 -1 Igor Olenicoff 3.5 6% Olen Properties 76 USA74 40 Su Suyu & Family 3.4 48% Lianmei 72 China

74 35 Lin Dingqiang & Family 3.4 42% Kamfei 54 China

74 -5 Edwin Leong 3.4 0% Tai Hung Fai 68 China

77 42 Erik Selin 3.3 50% Fastighets AB Balder 52 Sweden

77 5 Lin Hong-Nan & Family 3.3 10% Hung Tai 53 Chinese

Taipei79 15 Huang Chaoyang 3.2 19% SCE 54 China79 -3 Zhou Zerong 3.2 0% Kingold 66 China

81 9 Bradley Wayne Hughes 3.1 11% Public Storage 86 USA

81 -4 Wei Shaojun & Family 3.1 0% Longjitaihe 57 China81 -4 Jeff Greene 3.1 0% Investments 65 USA

81 -27 God Nisanov 3.1 -21% Kievskaya Ploschad 47 Russia

81 -27 Zarakh Iliev 3.1 -21% Kievskaya Ploschad 53 Russia

86 46 Richard Livingstone 3 50%London and Regional Properties

55 UK

86 46 Ian Livingstone 3 50%London and Regional Properties

57 UK

86 38 Shi Guilu & Family 3 43% Rongmin 55 China86 1 Sergie Gordeev 3 3% PIK Group 47 Russia

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86 1 Herbert Simon 3 3% Simon Property 85 USA

86 -4 Donald Trump 3 0% Trump Organization 72 USA

86 -9 Mangal Prabhat Lodha 3 -3% Lodha 64 India

93 117 Zhang Songqiao 2.9 164% Zhongyu Industry 56 China

93 79 Tu Huilong 2.9 93% Haiya Commercial 61 China

93 58 Cen Zhaoxiong & Li Yiping 2.9 71% Age Gardens 50 China

93 1 Huang Wenzai 2.9 7% Star River 67 China

93 -3 Huang Maoru & Zhang Jing 2.9 4% Maoye 55 China

93 -30 Pan Sutong 2.9 -19% Goldin Properties 57 China

99 25 Li Silian 2.8 33% R&F 63 China99 6 Carlo Fidani 2.8 12% Fidani & Sons 65 Canada99 -5 Elijah Widjaja 2.8 4% Bund Center 64 China99 -5 Law Kar Po 2.8 4% Lobo Investment 71 China

99 -5 Larry Silverstein 2.8 4% Silverstein Properties 88 USA

99 -9 Chandru Raheja & family 2.8 0% K Raheja 79 India

99 -9 Chen Yung-Tai 2.8 0% Aurora 84 Chinese Taipei

99 -40 Huang Qisen & Family 2.8 -26% Thaihot 55 China107 25 Lang Walker 2.7 35% Walker Corp 73 Australia

107 17 Liu Zhiqiang & Zhai Meiqing 2.7 29% Heung Kong 56,

56 China

107 7 Jiang Yehua & Jiang Yu 2.7 17% Huayu 57,

32 China

107 2 Zygi Wilf 2.7 13% Garden Homes Development 69 USA

107 -4 Mortimer Zuckerman 2.7 4% Boston Properties 81 USA

107 -53 Yang Jian & Xu Xiaoqun 2.7 -31% Zhongliang 49 China

113 -8 Yi Rubo 2.6 4% Zhongall 44 China113 -10 Aras Agalarov 2.6 0% Crocus 64 Russia113 -19 Li Zhe 2.6 -4% Riverside 65 China113 -36 Samvel Karapetyan 2.6 -16% Tashir Group 54 Russia117 new Yitzhak Tshuva 2.5 new Delek Group 71 Israel117 -8 Fong Yun Wah 2.5 4% Hip Shing Hong 96 China119 new Axel Stawski 2.4 new Stawski Partners 68 USA119 106 Guo Ziwen 2.4 140% Aoyuan 56 China

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119 32 Lin Tengjiao 2.4 41% Yango 52 China119 28 Kong Jianmin 2.4 33% KWG 51 China

119 22 Chen Zhuolin & Lu Qianfang 2.4 26% Agile 58,

59 China

119 0 Raj Kumar & Kishin RK 2.4 9% RB Capital 65 Singapore

119 -5 Georg Von Opel 2.4 4% Athris Holding 53 Switzerland119 -5 Christopher Portman 2.4 4% Portman Estate 61 UK127 61 Xu Jiankang & Family 2.3 77% Powerlong 68 China127 14 Yang Keng 2.3 21% Languan 58 China127 -3 George Argyros 2.3 10% Argyros 82 USA

127 -8 Maurice Alter 2.3 5% Pacific Shopping Centres 93 Australia

127 -13 Huang Shizai & Family 2.3 0% Great China 69 China

127 -45 Edward Debartolo Jr 2.3 -23% Simon Property 73 USA

133 new Jane Goldman 2.2 new Solil Management 49 USA

133 new Amy Goldman Fowler 2.2 new Solil Management 65 USA

133 new Diane Goldman 2.2 new Solil Management 74 USA

133 new Allan Goldman 2.2 new Solil Management 76 USA

133 26 Mitchell Goldhar 2.2 38% SmartCentres 57 Canada

133 8 Huang Hongyun & Family 2.2 16% Jinke 54 China

133 -14 Katsumi Tada 2.2 0% Daito Trust Construction 74 Japan

133 -93 Yan Zhi 2.2 -57% Zhuoer 48 China141 -9 Richard Peery 2.1 5% Investments 81 USA141 -9 John Arrillaga 2.1 5% Investments 82 USA141 -17 Chan Tan Ching Fen 2.1 0% Hang Lung - China141 -36 Lo Ka Shui & Family 2.1 -16% Great Eagle 67 China141 -54 Frank Lowy & Family 2.1 -28% Westfield 88 Australia146 42 Chen Jinshi & Family 2 54% Zhongnan 58 China146 13 Vikas Oberoi 2 25% Oberoi Realty 48 India146 13 Dai Yongge & Family 2 25% Renhe 52 China146 -5 Gong Junlong 2 5% Hengyu 61 China

146 -5 Tan Bingzhao & Family 2 5% Nimble - China

146 -22 Zhong Shengjian 2 -5% Yanlord 62 Singapore146 -56 Wu Xu & Family 2 -29% Sincere 57 China153 35 Chen Guoxiang 1.9 46% Xiangsheng 69 China153 6 Alain Taravella 1.9 19% Altarea Cogedim 71 France

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153 -12 Yoshiko Mori 1.9 0% Minoru Estate 79 Japan156 54 Mark Dixon 1.8 64% Regus 60 UK

156 25 Raj Kumar Hiranandani 1.8 29% Royal Holdings - Singapore

156 3 Yang Erzhu 1.8 13% Country Garden 62 China156 -5 Henning Conle 1.8 6% Sirosa 76 UK156 -9 Bahaa Hariri 1.8 0% Horizon Group 53 Switzerland

156 -24 Sun Xishuang & Family 1.8 -10% Yifang 67 China

156 -32 Irene Lee Yun Lien & Family 1.8 -14% Hysan 66 China

163 new Liang Yanfeng 1.7 new Zhonggeng 55 China

163 new Rubens Menin Teixeira de Souza 1.7 new MRV Engenharia 63 Brazil

163 new Roberto Ongpin 1.7 new Alphaland 83 Philippines

163 9 Ou Zonghong & Xu Lixiang 1.7 13% Rongxin 49 China

163 9 Zhang Yongping 1.7 13% Xiushuijie 59 China163 9 Roger Wang Hung 1.7 13% Golden Eagle 70 USA

163 -4 Martisa Lazari 1.7 6% Lazari Investments 76 UK

163 -4 Lin Chen-Hai & Family 1.7 6% Pao Chia - Chinese Taipei

163 -4 Zhang Baoquan & Wang Qiuyang 1.7 6% Jindian 63,

53 China

163 -12 Chao Teng-Hsiung & Family 1.7 0% Farglory 76 Chinese

Taipei163 -16 Lin Yi 1.7 -6% Shenglong - China163 -39 Huang Chiheng 1.7 -19% Helenbergh - China

175 new Dai Xuebin & Dong Xiang 1.6 new Lanrun 41,

41 China

175 new Shi Yingwen & Dong Xiaoli 1.6 new Ronghe 55,

- China

175 13 Liu Xuebin & Li Suwen 1.6 23% Cinese 48, - China

175 6 Song Weiping & Xia Yibo 1.6 14% Greentown 62,

- China

175 -3 Zhong Naixiong 1.6 7% Nenking 57 China

175 -3 Nadhmi Auchi 1.6 7% General Mediterranean 82 UK

175 -28 Vera Guerin 1.6 -11% Shapell Industries 72 USA

182 new Raja Bagmane 1.5 new Bagmane Developers 59 India

182 new Zhang Yuanlin & Wu Chengping 1.5 new Sinic 44,

- China

182 22 Lin Longan & Guo 1.5 25% Yuzhou 56, China

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Yinglan 50182 6 Ye Lipei & Family 1.5 15% Super Ocean 76 China182 -1 Ivan Chrenko 1.5 7% HB Reavis 52 Slovakia182 -23 Lai Haimin 1.5 -6% Horoy 54 China182 -23 Alexander Tedja 1.5 -6% Pakuwon Jati 74 Indonesia182 -31 Sol Zakay 1.5 -12% Topland 67 UK182 -31 Eddie Zakay 1.5 -12% Topland 69 UK191 new Hu Xingrong 1.4 new Doof 39 China

191 new Lesley Bamberger 1.4 new Kroonenberg Groep 54 Netherland

s191 new Sun Yongjian 1.4 new BM Holding 54 China

191 new Deng Hong 1.4 new

Chengdu International Exhibition & Convention Center

57 China

191 new Jeffrey Cheah 1.4 new Sunway 74 Malaysia

191 new Marcel Adams & Family 1.4 new Iberville

Developments 99 Canada

191 34 Huang Kangjing 1.4 40% Lvgem 58 China

191 19 Surendra Hiranandani 1.4 27% Hiranandani Group 64 India

191 -3 Or Wai Sheun 1.4 8% Polytec Asset 69 China191 -3 Zhang Yaoyuan 1.4 8% Country Garden 75 China191 -3 Jose Isaac Peres 1.4 8% Multiplan 76 Brazil

191 -3 Zhang Guiping & Zhang Kangli 1.4 8% Suning Universal 69,

39 China

191 -10 Kwee Liong Phing 1.4 0% Pontiac Land 72 Singapore191 -10 Kwee Liong Keng 1.4 0% Pontiac Land 75 Singapore191 -10 Kwee Liong Seen 1.4 0% Pontiac Land - Singapore191 -10 Kwee Liong Tek 1.4 0% Pontiac Land - Singapore

191 -19 Huang Junkang & Family 1.4 -7% Topspring 65 China

191 -19 Vincent Lo Hong-shui 1.4 -7% Shui On 72 China191 -19 Su Meng 1.4 -7% Gold Tak Land - China191 -32 Luo Yuping 1.4 -13% Zhongtian Urban 54 China191 -59 Zhu Zhiping 1.4 -30% Tongfang Unite 58 China

212 new Guo Yingcheng & Family 1.3 new Kaisa 55 China

212 new Li Xiaoming 1.3 new Desea 59 China212 new Bob Ell 1.3 new Leda Holdings 75 Australia212 -2 Kuldip R Sahi 1.3 18% Morguard Group 73 Canada212 -2 Elie Horn & Family 1.3 18% Cyrela 74 Brazil212 -24 Su Rubo 1.3 0% Country Garden 65 China212 -24 Qu Xueming 1.3 0% Country Garden 71 China

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212 -53 Mochtar Riady & Family 1.3 -19% Lippo Group 90 Indonesia

212 -182 Adam Neumann 1.3 -80% WeWork 40 USA

221 new Qi Jinxing & Qi Jiaqi 1.2 new Binjiang 58, 32 China

221 4 Shou Bonian 1.2 20% Greentown 58 China

221 -11 Mohammed Serafi 1.2 9% Makkah Construction 88 Saudi

Arabia221 -17 Liu Zhendong 1.2 0% Liando 49 China221 -17 Ma Chengxi 1.2 0% Modern 64 China221 -17 Li Xiaolin 1.2 0% Linda 67 China221 -33 Hou Changcai 1.2 -8% Yuanchang 64 China228 new Chen Zhuoxian 1.1 new Agile 53 China228 new Chen Zhuonan 1.1 new Agile 57 China228 new Shen Tianqing 1.1 new Jiayuan 61 China228 new Chen Zhuoxi 1.1 new Agile 62 China

228 new John Goff 1.1 new Crescent Real Estate 65 USA

228 new Sam Tarascio 1.1 new Salta Properties 75 Australia228 new Robert Toll 1.1 new Toll Brothers 79 USA

228 new Lun Ruixiang & Chen Qiaoyun 1.1 new Huijing 53,

- China

228 -3 Han Guolong & Family 1.1 10% Citichamp 65 China

228 -18 Wu Pao-Tien & Family 1.1 0% Li Pao 69 Chinese Taipei

228 -18 Zhou Jinhui 1.1 0% Sinobo - China

228 -24 Anthony Christopher Gallagher 1.1 -8% Gallagher

Estates 68 UK

228 -40 Chen Miaolin 1.1 -15% Zhejiang Kaiyuan 68 China

228 -77 Lee Joong-Keun 1.1 -35% Booyoung 78 South Korea

242 new Alexander Klyachin 1 new Azimut 52 Russia

242 new Wu Jie 1 new Yangguangcheng 52 China

242 new Chen Zhuoxiong 1 new Agile 63 China242 new Vladimir Leschikov 1 new Investor 63 Russia242 new Chua Thian Poh 1 new Ho Bee Land 71 Singapore

242 new Subhash Runwal & family 1 new Runwal

Developers 76 India

242 new Steven Roth 1 new Vornado Realty Trust 78 USA

242 -17 Zeng Baobao 1 0% Fantasia 49 China

242 -17 Chen Runguang & Chen Jianming 1 0% Guangda 67 China

242 -17 John Van Lieshout 1 0% Super Amart 73 Australia

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Furniture242 -32 Jiang Nan 1 -9% Shengfeng 58 China

242 -32 Thongma Vijitpongpun 1 -9% Pruksa Real Estate 61 Thailand

242 -38 He Jianliang 1 -17% Yihe 66 China242 -54 John Whittaker 1 -23% The Peel Group 77 UK

242 -91 Hussain Sajwani 1 -41% Damac Properties 66 UAE

About Hurun Report Inc.Promoting Entrepreneurship through Quality Lists and ResearchHurun Report generated 300 million views globally every month last year, through putting out quality lists and research. Established in 1999, Hurun Report Inc. has grown into a leading research platform based in Shanghai and Mumbai, best-known for its China and India rich lists, and with 150 employees today.Hurun Research Institute ‘World’s Largest Rich List Provider’These past twenty years have seen the fastest wealth creating period in the history of the world.Other lists Hurun puts out include: the Hurun Richest Self-Made Women in the World has been highlighting for over ten years the fact that over 70% of the world’s most successful women in business herald from China, ie Chinese are completely dominant in the world of women in business. This has changed the way the world looks at Chinese women in business.The Hurun China Philanthropy List ranks the most generous individuals in China and is now in its 15th anniversary. With no inheritance tax, Chinese give much more generously than many have previously understood. Two recent lists with an impact include the Hurun China Unicorn Index, ranking the most dynamic businesses with a valuation of US$1bn or more in China; and the Hurun Most Successful University Alumni. In India, Hurun Research has launched the Hurun India Rich List for the seventh time last year, and has an active events business there.‘World Authority on the Chinese High Net Worth Individual’Recent research partners include financial institutions (PingAn, Bank of China, Taikang Life, Minsheng, Citic), local government (Shanghai, Changbaishan) and Global 500 multinationals (Marriott, Country Garden, Agile, Audi, Volvo).Three breakthrough lists this past year: Hurun Good Doctors’ List, a ranking of the 9500 most respected doctors in China, broken down by region and speciality; Hurun Best International Schools List; and Hurun Creative Works Intellectual Property List, in Search of the Harry Potter of China, ranking those online novels with the most valuable IPs.The Hurun Art List ranks the top artists alive today in China for the 12th year and has become a household name amongst artists.Media and Events ‘The Hurun brand gets 300 million views a month in China’The Hurun brand has become one of the few media brands to become a household name across China and India.

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Hurun Media monetizes 2 million views a month in China, through its wechat, weibo, website and legacy magazine. Recent themed events include blockchain, fintech and 30 under 30, with industry-respected awards. We deliver 100+ events a year in China, with 200 entrepreneurs from the Hurun China Rich List attending.Hurun Report does events across the world. In the last year, Hurun Report has held events in Toronto, New York, LA, London, Paris, Istanbul, Luxembourg, Sydney and Singapore. Hurun Report’s mission is to create the world's largest platform of China gatekeepers.InvestmentsHurun Investments has a portfolio of 20 companies with a market value of US$50 million, with investments into tech, media, design, education as well as a vintage car race and a tailor.

For media inquiries, please contact:Hurun ReportPorsha PanTel: +86-21-50105808*601Mobile: +86-139 1838 7446Email: porsha.pan@hurun.net

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