These 52 leading private enterprises are the backbone of Shenzhen.

Some people say that Shenzhen might be the city with the most leading private enterprises in China.

It has nurtured a large number of giant private enterprises such as Huawei, BYD, Tencent, SF Express, Mindray Medical, DJI, and Skyworth, and also witnessed the emergence of a group of new private enterprise forces like Ubtech, Sunwoda, and Insta360.

As of the end of April 2025, there were a total of 423 A-share listed companies in Shenzhen, with a total market value of 8.53 trillion yuan, ranking second in the country, only after Beijing.

So, which leading private enterprises are there in Shenzhen exactly? The "2025 New Fortune 500 Wealth Creation List" released by New Fortune Magazine yesterday provides a reference.

The list counts the 500 entrepreneurs with the most wealth in the Chinese mainland. Among them, 58 entrepreneurs from Shenzhen are on the list, ranking third, only after Beijing (70) and Shanghai (64).

The total market value of the shares held by the 58 listed Shenzhen entrepreneurs reached 1.9 trillion yuan. Compared with the previous year, there were 5 more entrepreneurs on the list, with a wealth increase of nearly 20%.

It's worth mentioning that these 58 entrepreneurs come from 52 Shenzhen private enterprises, which are the mainstays of Shenzhen's private economy and represent the vibrant spirit of the city of Shenzhen.

01

Among the 500 richest entrepreneurs in the country, 58 are from Shenzhen

Here is the list of the 58 Shenzhen entrepreneurs on the "New Fortune 500 List":

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The top-ranked entrepreneur in Shenzhen is Ma Huateng. The market value of his shares reaches 306.7 billion yuan, ranking first in Guangdong and third in the country. Tencent, founded by Ma Huateng, is a global Internet giant, and WeChat under Tencent has long become a national-level application.

The second-ranked entrepreneur in Shenzhen is Wang Chuanfu. The market value of his shares reaches 145.1 billion yuan. BYD, founded by him, has become the largest automobile manufacturer in China and the largest new energy vehicle manufacturer in the world.

The third-ranked entrepreneur in Shenzhen is Wang Laichun, the founder of Luxshare Precision. The market value of her shares reaches 131.5 billion yuan. Hong Kong Luxshare is a wholly-owned subsidiary of Luxshare Precision. Luxshare Precision is a global leader in the consumer electronics industry and a well-known "Apple supply chain enterprise".

The fourth-ranked entrepreneur in Shenzhen is Wang Wei, the founder of SF Express. The market value of his shares reaches 110.97 billion yuan. SF Express is the largest express logistics integrated service provider in China and Asia and the fourth-largest in the world.

The fifth-ranked entrepreneur in Shenzhen is Zhang Zhidong of Tencent Holdings. The market value of his shares reaches 102.6 billion yuan.

The sixth-ranked entrepreneur in Shenzhen is Lin Li, the founder of Liye Group. The market value of his shares reaches 90.6 billion yuan.

The seventh-ranked entrepreneur in Shenzhen is Li Xiting of Mindray Medical, and the eighth-ranked is Xu Hang of Mindray Medical. Mindray Medical is the pharmaceutical enterprise with the highest market value in China. As a co-founder of Mindray Medical, Xu Hang, who is interested in the construction industry, has also developed well-known luxury housing projects such as "Shenzhen Bay No. 1" and "Guangzhou Pengrui No. 1".

The ninth-ranked entrepreneur in Shenzhen is Lin Muqin, the founder of Dongpeng Special Drink. It is reported that Dongpeng Special Drink has a market share of nearly 48% in the national energy drink market.

The tenth-ranked entrepreneur in Shenzhen is Zhu Baoguo, the founder of Healthmate.

The list also shows that the estimated wealth of Ren Zhengfei, the founder of Huawei, is 18.5 billion yuan, ranking 20th in Shenzhen; the market value of the shares held by Wang Tao, the founder of DJI, reaches 40 billion yuan, ranking 13th in Shenzhen.

Some people say that Shenzhen entrepreneurs all have an aura of pursuing excellence and aiming for the global stage. In many industries, they either don't do it, or they will be the number one in the industry:

For example, Huawei in the communication field, Tencent in the Internet industry, BYD in the automobile industry, SF Express in the logistics industry, Mindray Medical in the pharmaceutical field, Luxshare Precision in the consumer electronics industry, DJI in the drone field, etc., are all well-deserved industry leaders.

02

Among Shenzhen's leading private enterprises, the manufacturing industry accounts for 73%

Data shows that the 58 listed Shenzhen entrepreneurs come from 52 private enterprises.

Among these 52 private enterprises, 38 are in the manufacturing industry (such as Huawei, BYD, DJI, Luxshare Precision, etc.), accounting for as high as 73%, highlighting Shenzhen's manufacturing foundation.

There are 2 Internet enterprises, namely Tencent Holdings and Futu Holdings. There are 3 real estate enterprises, namely Excellence Group, Galaxy Group, and Kingkey Group. There are 2 beverage enterprises, namely Dongpeng Special Drink and Heytea. There is 1 drone enterprise, which is DJI. There is 1 logistics enterprise, which is SF Holdings.

03

In which districts are Shenzhen's top entrepreneurs mainly located?

According to a rough statistics, the 58 entrepreneurs with the most wealth in Shenzhen are mainly distributed in Nanshan, Futian, and Bao'an districts.

Among them, Nanshan District is the most concentrated area for Shenzhen's science and technology innovation companies and listed companies, undertaking the function of CTD (Central Science and Technology Innovation District). A total of 23 entrepreneurs from this district are on the list, accounting for about 40% of the city.

Futian District is the administrative center of Shenzhen and also the location of the Shenzhen Stock Exchange, undertaking the function of CBD (Central Business District). A total of 10 entrepreneurs from this district are on the list, accounting for about 17% of the city.

Bao'an District is closely connected with Nanshan District and is the most concentrated area for Shenzhen's advanced manufacturing industry. A total of 9 entrepreneurs from this district are on the list, accounting for 15.5% of the city.

It's worth mentioning that these three districts are also the three districts with the highest housing prices in Shenzhen, indicating that the housing price of an area is closely related to its wealth creation ability and entrepreneur density.

This article is from the WeChat official account "Urban Warfare", author: Xiaoyu. It is published by 36Kr with authorization.