Shi Yuzhu's wealth contracts 26%, says Hurun Rich List

The CEO of ZTGame Shi Yuzhu, a big shot in China's online game market, witnesses his wealth contracting 26 percent in the past year amid the world wide financial woes, according to the 2008 Hurun Rich List released on March 12.
Ranked as the tenth one on 2008 Hurun Rich List, Shi Yuzhu is also the only pick from online game business, which again puts him in the spotlight of media.
As one of the most famous private entrepreneurs in China, Shi is well known for his ups and downs in his career.
After a sudden success in founding Giant Group in 1998, Shi went bankrupt due to a shortage of capital in seting up Giant building. However, he miraculously paid back his debt, and again achieved great success in selling health products.
Now he turns to online game business and gets an instant success with a much controversial and localized business model. ZTGame, a listed company on US Nasdaq, makes rapid progress with Shi's powerful management.
With a very localized view of China's market, Shi seems to know well the Chinese people and local markets.
ZTGame introduced a totally different model of online game business, and occupies large share of the market in a short term, which makes Shi a billionaire in U.S. dollars very soon.(more)