Xincaifu, a monthly financial magazine based in Shenzhen, recently released its Fortune 500 list for 2014.

The total wealth of people on the list reaches 4,498.69 billion yuan (US$720.69 billion) with an average wealth of 9 billion yuan. It increased about 25% from last year.

The real estate industry is no longer the majority career of those on the list, according to Xincaifu. This year's top 10 billionaires are mainly in industries like new energy, the Internet and consumption.

The following are the top 10 richest people in China in 2014 according to the Xincaifu:

   Xu Rongmao

 

Xu Rongmao [File photo]

Net worth: 40 billion yuan

Gender: Male

Age: 64

Company: Shimao Group

Industry: Property

Location: Shanghai