Top 10 richest families in China

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No 5 He Xiangjian's family

He Xiangjian owns 36.66 percent stake in Midea Group, China's major home appliances maker, and holds a 14.22 percent share in Wuxi Little Swan Co Ltd, a washing machine maker, and owns 65.23 percent stake in Welling Holding Limited, which specializes in research and development and manufacturing of motors and its driving system.

These stakes translate into a fortune of 34.65 billion yuan, according to calculations done by Moneyweek on July 4.

He Xiangjian [hexun.com] 


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