Today, Hurun Report released the names of the Top Two Richest Individuals from the 2009 Hurun Rich List, a ranking of the 1000 richest individuals in China.

Wang Chuanfu of BYD is the richest man in China with wealth of US$5.1 billion, followed by Zhang Yin of Nine Dragons Paper with wealth of US$4.9 billion.

The number of known US Dollar billionaires in China has grown to 130, up from 101 in 2008. The full list is to be released later in October.

A new report has revealed that Beijing has the maximum number of rich people in China.

The latest Hurun Report on China’s wealthiest people said that there are 143,000 (yuan-)multimillionaires and 8,800 billionaires in Beijing.

In Shanghai, there are 116,000 multimillionaires and 7,000 billionaires, reports the China Daily.

Hurun Report, renowned for its annual China Rich List of tycoons, has recently hosted Shanghai’s Best Presidential Suites Awards.

The awards ceremony was held on 15 June, timed to coincide with the opening of the Asia Luxury Travel Market, the region’s leading showcase for the luxury travel industry.

“Before now China’s luxury consumers have had little idea of Shanghai’s top suites and executive club lounges, despite the fact that hotels spend so much money on them,” says Rupert Hoogewerf, founder of Hurun Report

“We created a scorecard to assess and rank the top Presidential Suites and Executive Club Lounges, many of which are truly outstanding.”

Today sees the launch of the Hurun 2009 Art List, ranking China’s top fifty living artists by the total volume of sales of their work at public auction in the year 2008.

The list was produced for the second year ever by the chinese magazine “The Hurun Report”, in partnership with Artron.

The Hurun Art List demonstrates that in 2008, collection of Chinese art remained stable and the interest of Chinese collectors in art assets grew.

The immense popularity of the Pershing brand on the Chinese market has been reconfirmed for 2009, too.

An awards ceremony was held recently in the elegant setting of the Hotel Pudong Shangri-La in Shanghai, during which Pershing, a Ferretti S.p.A. brand and famous Italian shipyard specialising in the production of luxury yachts, was presented with the important “Best Luxury Performance Yacht 2009” award, following data issued by the “Best of the Best” survey.

The “Best of the Best” is the most authoritative survey which the Editorial Office of “The Hurun Report”, an important Chinese magazine devoted to the financial world and luxury, has drawn up every year for the past five in order to make an in-depth investigation of the lifestyles and spending habits of the most prominent figures in the Chinese economy.