13 Asians, 8 from China, named richest people under 40 by Fortune

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 ◆ 13 Asians, 8 from China, named richest people under 40 by Fortune

Thirteen Asians, among them eight from China, were ranked in "40 of the richest people under the age of 40" list compiled by US business magazine Fortune, the magazine said here recently.

A similar list has been compiled in the United States since 1999, but this is the first time that Fortune compiled an international list.

Richard Li, Chairman of Hong Kong's media-based Pacific Century Group and son of Asia's richest man Li Ka-shing, ranked No. 10 and was worth 1.6 billion US dollars. Another two billionaires, from Japan and India respectively, were also listed in the top ten.

According to Fortune, the eight Chinese people in the list included Wang Wenjing, who transformed a 6,000-US dollar software startup loan into 328 million US dollars, and Liu Hanyuan, whose parents sold their pigs for 60 US dollars to fund the fish-farming experiment that became China's largest aquatic feed producer, netting Liu 320 million US dollars.

The forty billionaires were worth between 7.2 billion US dollars to 136 million US dollars and the No.1 place was taken by Mikhail Khodorkovsky, the Russian oil baron.

Fortune said those who had inherited wealth but were not working to improve their legacy would be excluded in the evaluation.