Bitmain’s Jihan Wu Ranks 7th in the Hurun Young Entrepreneurs Rich List 2018

October 24, Hurun Report launched the Hurun Young Entrepreneurs Rich List 2018. Big names in the crypto field have all upon on the list. Among them, Jihan Wu, co-founder and CEO of the world’s largest mining chip producer Bitmain stand out from the crowd, ranks 7th with 16.5 million yuan ($2.4 million USD).

It is the third time for Hurun Report to launch this kind of list. According to the report, the  Young Entrepreneurs Rich List consisted by two pasts, theTop 50 Young 80’s Start from Scratch Rich List and Top 50 Young 80’s Fortune Inheritance List.

According to the list, there are 132 young 80’s entrepreneurs’ personal wealth reach 2 billion yuan, rise 33 compares to last year’s data. The proportion of entrepreneurs starting from scratch is 38%, among them, 50 entrepreneurs have more than 2 billion yuan in wealth, increases 13 compares to last year.

These new entrepreneurs mainly comes from “sunrise industries” including online games, blockchain, advanced manufacturing, Internet services, education and entertainment.

For instance, most new entrepreneurs are generated from blockchain industry: 7 out of 17 new entrepreneurs are working on blockchain related business. Which includs Bitmain co-founder Jihan Wu and vice president Yuesheng Ge; three founders of Canaan Creative: Xiangfu Liu, CEO N. G. Zhang and Jiaxuan li, as well as OkCoin founder Xu Star and Huobi’s Li Lin.

Overall, 14% of the young entrepreneurs upon on the Hurun’s rich list is coming form the blcokchain field.

Nowadays, blockchain has been recognized as a cutting-edge technology, some related business such as cryptocurrency mining and cryptocurrency exchange also been driven to develop in a rapid speed.

In the Hurun Greater China Unicorn Index launched in July, 3 crypto miner manufacturers from the blockchain industry elbow its way into Hurun’s unicorn list for the first time. Among the 19 new unicorns, Bitmain ranks first with a valuation of 70 billion RMB while Canaan Creative ranks third with a valuation of 20 billion RMB.

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