On March 1st, the Hurun Research Institute unveiled the "2018 Hurun Global Rich List," revealing that Amazon founder Jeff Bezos had become the world's wealthiest individual with a net worth of 77.5 billion yuan. Warren Buffett climbed past Bill Gates to take second place, while Ma Huateng, founder of Tencent, became China’s richest person and ranked 15th globally.
A visual representation of the top ten richest individuals in the 2018 list is shown below:
The report also highlighted the growing wealth of Chinese billionaires, with 819 billionaires in Greater China—surpassing the 571 in the United States. Notably, several well-known figures from the LED industry made their way onto the list.
Sanan Optoelectronics’ Lin Xiucheng, along with his son Lin Zhiqiang, secured the 329th position with a net worth of 3.9 billion yuan, marking a 68% year-on-year increase. Another prominent name was Ou Pu Lighting’s Ma Xiuhui and Wang Yaohai, who ranked 747th with a net worth of 2.2 billion yuan, up 40% compared to the previous year.
Op Lighting, a leading provider of comprehensive lighting solutions in China, has maintained strong performance despite the ongoing price competition in the LED sector. The company’s retail pricing and gross margin remain industry-leading, and its gross profit margin has steadily increased over time. To adapt to evolving consumer trends, Op Lighting has expanded its channel network, introducing new store formats such as Western-style retro lighting stores, integrated home stores, and Qianping stores. This strategic move positions the company well for continued growth amid the shift from basic light sources to more advanced lighting products.
In its January 31 performance report, Op Lighting reported a revenue of 6.957 billion yuan in 2017, reflecting a 27.03% year-on-year growth. The company’s net profit attributable to shareholders reached 680 million yuan, an increase of 34.44%.
Another notable figure on the list was Sun Qinghuan, chairman of Mulinsen, who ranked 996th with a net worth of 1.8 billion yuan, up 47% year-on-year. As a leading manufacturer of LED packaging and application products in China, Mulinsen has focused on integrating the upstream and downstream segments of the LED supply chain. Through strategic partnerships with international companies and talent development initiatives, the firm has strengthened its competitive edge and achieved sustained business growth.
Mulinsen released its 2017 annual report on March 4, showing total revenue of 8.169 billion yuan, a 47.97% increase from the previous year. The company’s net profit attributable to shareholders rose by 41.20%, reaching 669 million yuan.
Alongside Ma Xiuhui and Wang Yaohai, Zhaochi’s chairman Gu Wei also appeared on the list, ranking 1857th with a net worth of 9.5 billion yuan, up 7% from the previous year.
Founded in 2011, Zhaochi has grown from a midstream LED packaging company to one of China’s leading players in the industry. Expanding into downstream applications and, more recently, the upstream chip segment, the company has made significant progress. Recently, Zhaochi signed a contract with Zhongwei Semiconductor to purchase 100 MOCVD machines, further strengthening its vertical integration strategy.
Zhaochi’s 2017 performance report revealed total revenue of approximately 10.317 billion yuan, a 37.98% year-on-year increase. Its net profit attributable to shareholders surged by 63.25%, reaching 611 million yuan. With the synergies between upstream and downstream operations, Zhaochi is well-positioned for future breakthroughs.
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