Subscribe free to our newsletters via your
. Military Space News .




SOLAR DAILY
Energy boss overtakes IT mogul as China's richest: survey
by Staff Writers
Beijing (AFP) Feb 3, 2015


A Chinese solar energy tycoon has replaced e-commerce giant Alibaba's founder Jack Ma as the country's richest man with a fortune of $26 billion, a wealth survey showed Tuesday.

Li Hejun, founder and chairman of Beijing-based Hanergy, saw his wealth nearly triple from a year ago, according to the Hurun Report's Global Rich List 2015.

He is now the wealthiest person in China and his global ranking went up 108 notches to number 28, the list showed.

Ma claimed the title in mainland China last year after Alibaba completed the world's biggest IPO with its $25 billion listing on the New York Stock Exchange in September. He dropped to third place in the country with a fortune of $24.5 billion, it said.

Ma was overtaken by Li and property baron Wang Jianlin, owner of the sprawling Wanda Group whose net worth was estimated at $25 billion, the report said.

Li's Hanergy Group was established in 1994 and spans the hydropower, wind power and solar energy industries, according to the company's website.

A report by the London-based Financial Times last month said the group -- the world's largest solar firm by market value -- made its soaring fortune largely through unconventional sales between its listed subsidiary, Hanergy Thin Film Power Group (HTF), and itself.

Shares in the $18 billion Hong Kong-listed HTF have risen more than threefold since the start of 2014, it added.

Bill Gates, co-founder of US technology giant Microsoft, remained the world's richest person on the Hurun global list with a net worth of $85 billion.

He was followed by Mexican telecoms tycoon Carlos Slim ($83 billion) and American investment guru Warren Buffett ($76 billion), the luxury magazine publisher said.


Thanks for being here;
We need your help. The Space Media Network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceMediaNetwork Contributor
$5 Billed Once


credit card or paypal
SpaceMediaNetwork Monthly Supporter
$5 Billed Monthly


paypal only


.


Related Links
All About Solar Energy at SolarDaily.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News





SOLAR DAILY
BioSolar Plans To Lower The Cost Of Solar With Energy Storage Technology
Washington DC (SPX) Feb 03, 2015
BioSolar, Inc believes that the company's polymer-based supercapacitor technology currently under development could help reduce the cost of solar energy storage. According to the Solar Energy Industries Association, the demand for rooftop solar paired with energy storage systems will reach $1 billion in the U.S. within four years, and will create pent up demand for cost effective solar ene ... read more


SOLAR DAILY
Raytheon given $2.4B FMS contract for Patriot fire units

US delivers second radar defense system to Japan

US Ballistic Missile Defense Needs More Testing

Israel, US in abortive missile defence test

SOLAR DAILY
Russia to Test Strategic Missile Forces in Unscheduled Drills

Russia Will Test Launch Iskander-M Missiles During March Drills

Navy authorizes SM-6 missile for more ships

Hezbollah chief threatens Israel over Syria strikes

SOLAR DAILY
Raytheon acquires remote sensing, UAS tech company

Establishing a CODE for UAVs to fly together

Russia Develops Two New Drones, Ready for Testing

Drone entrepreneur settles US 'reckless flying' case

SOLAR DAILY
U.S. EA-18G Growlers getting new electronic warfare system

Third MUOS Satellite Launched And Responding To Commands

USAF orders addditional Boeing rescue radios

MUOS-3 satellite ready for launch

SOLAR DAILY
DRS touts new laser targeting gimbal

BAE Systems gets support contract for British Army vehicles

Prototype weapons launcher fitted onto B-52 bomber

Army opens THAAD training school

SOLAR DAILY
Brazil Hopes to Ink Pantsir-S1 Air Defense Deal With Russia by Mid-2015

Iran expects Russia to deliver S-300 missile systems

Airbus DS sells Belgian electronics factory

Germany halts arms exports to Saudi Arabia: report

SOLAR DAILY
Obama to request hike in US military budget

Ukrainian forces face drones, electronic jamming: US

Obama wraps India visit with pleas on religion, climate

China vows no 'Western values' in universities

SOLAR DAILY
Nanoscale mirrored cavities amplify, connect quantum memories

Making functionalized nanocarbons

Holes in valence bands of nanodiamonds discovered

ORNL researchers tune friction in ionic solids at the nanoscale




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.