BREAKING: China's Wealthiest Millennials Got Even Richer in 2020

The fortunes of China's wealthiest millennials have continued to grow this year, despite the economic downturn triggered by the coronavirus pandemic.

According to the latest wealth rankings from the respected Hurun Report, China had 60 billionaires aged under 40 in 2020, and their combined worth was more than US $223 billion.

Strict lockdown measures helped contain the Covid-19 outbreak quite quickly, and China's economy soon bounced back; it is set to be the only major economy to register growth in 2020.

Viya, live streamer

The 35-year old Chinese e-commerce star Huang Wei, better known as Viya, has an estimated net worth of more than US$30 million, generated from live online sales, advertising, and virtual gifts.

Her popularity grew during lockdown when online shopping became more important than ever.

Cheng Yixiao, tech entrepreneur

Cheng is the co-founder of Kuaishou, a very popular Chinese short video app. Since the pandemic, the platform's monthly active users topped 776 billion, and hosted a billion live-streaming sessions. According to Forbes, Cheng's net worth is around US$3.1 billion.

Jackson Yee, singer-actor

Singer, dancer, and actor Jackson Yee is considered one of China's most valuable stars. As the youngest of three members of the popular Chinese boy band TFBoys, the 19-year-old took the top spot on Forbes China's Top 100 Celebrity List for 2020. TFBoys have released five albums, and are estimated to be worth US$4 billion.

Li Na, tennis player

Li Na was one of China's top athletes before she retired form tennis in September 2014. The 38-year-old was named world number two in February 2014, and was the first from Asia to secure not one but two grand slam titles. Li was estimated by Forbes to have had a net worth of US$24 million when she retired in September 2014, including income from big-name endorsements from companies such as Nike.

Perenna Kei, property executive

Perenna, also known as Ji Kaiting, was named by Forbes in 2014 as the world's youngest billionaire. With an estimated net worth of almost US$40 billion, according to Chinese media, her wealth isn't self-made by inherited. Perenna owns 85% of the real estate company Logan Property Holdings, based in the southern Chinese tech hub of Shenzhen. Her father, Ji Haipeng, is the chariman and chief executive officer (CEO) of the company.

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