Colin Huang, the visionary founder of the Chinese e-commerce giant Pinduoduo and its subsidiary Temu, has been crowned as the wealthiest individual in China, according to Report, which cites the latest data from the Bloomberg Billionaires Index (BBI).

As of August 9, 2024, Huang’s net worth stands at an astounding $48.6 billion, securing his position among the top 25 richest people worldwide.