The total wealth of China's 40 richest people rose 46% this year to US$38 billion, according to the Forbes China Rich List released Thursday. Forbes put the rise down to the growing number of Chinese listings in global stock markets and also noted that more than a quarter of rich list entrants are less than 40 years old. Huang Guangyu, chairman of China's leading electronics retailer Gome, led the list with US$2.3 billion to his name. According to Caijing magazine, Huang is under investigation for securing loans illegally. Zhang Yin, co-founder and chairman of Nine Dragons Paper Holdings, who was placed first in the Hurun rich list released last month, came in fifth on US$1.5 billion. Zhang, whose company listed in Hong Kong in March, is still China's richest woman.