Fifty-six people under 40 have been covered on a list of young and wealthy Chinese released by the Hurun Report in May. The threshold for being listed is a net worth of 1 billion yuan (US$154 million).

Information technology and entertainment sectors have produced the most of young billionaires; 15 people on the list worked in one of those two industries; 13 of them are engaged in real estate business and 10 are in the manufacturing sector.

Fifty percent of these young billionaires studied in the United States and Europe. Each on the list has earned a bachelor's degree and about 20 percent had received education at the post-graduate level or higher. Forty-four of the young billionaires started their businesses from nothing, while only 12 inherited fortunes or estates.

   Jia Yueting (賈躍亭)

 

Jia Yueting [qq.com]

Age: 38

Family wealth: 3.2 billion yuan

Company: Leshi Internet Information and Technology Corp., Beijng

Title: Chairman of the Board and General Manager

Sector: Information Technology

Jia Yueting is the chairman of the board and general manager in Leshi Internet Information and Technology Corp., Beijng, which was established in 2004. He is also chairman of the board or executive director in several other companies including listed Xbell and Sinotel. Before 2002, He was the general manager in a Shanxi-based company. He holds an MBA from the University of Shanxi.