The latest Hurun wealth rankings now has Wanda chair Wang Jianlin listed as China's richest man.

胡润财富榜最新排名显示，万达集团董事长王健林目前是中国首富。

Wang Jianlin is now said to be worth around 34-billion US dollars.

A lot of his new wealth is being attributed to the 10-fold increase in the share price of Wanda's newly-listed cinema chain.

Wang Jianlin overtakes Alibaba founder Jack Ma, who has seen his personal net-worth drop to around 22-billion US dollars, mostly due to this year's plunge in Alibaba's share price in New York.

"Beverage King" Zong Qinghou of WaHaHa sits third with a net worth of some 21 billion U.S. dollars, up 8 percent year-on-year.

The same analysis by Hurun also suggests China now has more billionaires than the United States for the first time.