An IPO is often the quickest way to the top of the Rich List, and 2009 has seen several businessmen jump up the ranks with their company’s listings.  Liu Zhongtian of Zhongwang jumped up to number 10 on the list after he led his company to raise USD 1.3 billion in the world’s largest IPO in 2009.  The IPO’s of Baoli, American Dairy, Fujian Peak Group and Chigo Air Conditioners have respectively propelled Zhu Gongshan, Leng Youbin, Xu Jingnan and Li Xinghao up the list.

Two other business leaders pushed up the list, from their already high positions, with spin-off IPO’s.  Timothy Chen Tianqiao hit 34 on the list after Shanda Interactive rose USD 1 billion by spinning off a subsidiary onto NASDAQ, while Charles Zhang Chaoyang hit 176 when Sohu spun off its gaming subsidiary Changyou in April.

Over the next 12 months plenty more of China’s wealthy will be getting even richer from IPO’s.  Xu Jiayin of Evergrande, Xu Jiankang of Powerlong, Su Meng of Gold Tak Land, Li Hua and Li Xiaoping of Excellence and Huang Chaoyang of Zhongjun all have IPO’s in the pipeline, which, with friendly markets, could mean a nice paycheck for each.

China International Business – Nov 2009

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