Mr. Huang Tops the Richest List.

(From SinoCast China IT Watch)

BEIJING, November 07, 2006, SinoCast -- Huant Tuantyu, president of China's biggest home appliance retailer Gome Electrical Appliance, ranked first in the latest Forbes Magazine mainland rich list, only a few days after a media report accused him of receiving illegal loans.

Huang Guangyu, took the top spot with net worth estimated at CNY 18 billion, Forbes reported on November 1. He finished in fourth place last year.

Following the 37-year-old Huang is a group of young entrepreneurs who have profited from the country's economic boom. More than a quarter of the business people on this year's list of the mainland's 400 …