By Herman Lai, posted Mar 10, 2011 at 3:54 PM, 942 views,

Huawei And Baidu CEO Are On Forbes Billionaires List 2011

Along with Huawei’s significant growth in 2010, its president, Ren Zhengfei is listed on Forbes List 2011. At No.1056 in Global ranking, and No.92 in China’s ranking, wealth estimated up to 1.1 billion U.S. dollars.

Before the list disclosed, Ren was being modest to say he wasn’t rich, saying he owned less than 1.5% of Huawei’s total share. Allegedly, Huawei achieved $270 billion of sale in 2010, which its terminal sector reached 4.5 billion revenue.

Compared with historical data, Huawei achieved 125.6 billion USD of sales in 2007; In 2008, the company’s sales had an increase of 42.7%, up to 183.3 billion USD; In 2009, recorded up to 215 billion USD of sales, an increase of 26.5%.

Despite, there are 54 more people from mainland China listed on Forbes List, accumulated to 115 billionaires in China.

One more thing, Baidu’s CEO is the richest man in mainland China, the CEO of China’s largest search engine is listed at No.95, breaking the top 100 for the first time by possessing $9.4 billion in assets, Xinhua.net reported Thursday.

It is worth noticing that 115 mainland Chinese entrepreneurs were among the 1, 210 people on the world’s richest list, which is a 340% increase from the 28 in 2009 and almost double the 64 in 2010

Source: Netease, ChinaDaily