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PRIVACY
Economic Development

The Rich List 2017 reflects much investment from the Chinese

Chinese investment in the West Midlands brings a new focus to this year's Birmingham Post Rich List - which is £8 billion more wealthy than 2016 

The Rich List 2017 - 20 richest people in Midlands revealed

This year's has a distinctly oriental feel.

Time was when supermarket supremo was the only Chinese representative in our list, but in the last year that has changed dramatically.

The influx of massive Chinese investment into the region's four major football clubs is reflected in our 2017 roll call of the Midlands' wealthy.

It means we have a new number one.

Guo Guangchang, the new owner of Wolves

Guo Guangchang, boss of the massive Fosun International Group - and new owner of Wolverhampton Wanderers Football Club - tops the list with a fortune of £4.2 billion.

His business has investments in everything from Silver Cross prams to Club Med holidays - and now he's added Wolves to the list.

A second Chinese billionaire, Guochuan Lai, enters the list in third place after his takeover of West Bromwich Albion.

Meanwhile Aston Villa's new owner, Dr Tony Xia of the Recon Group comes in at number six.