

The Forbes China Rich List 2013 came out on Wednesday, listing a record 168 billionaires, 55 more than last year. Beijing leads Chinese cities with a whopping 58 billionaires while Shanghai trails not too far behind with 37. Topping the list is real estate tycoon Wang Jianlin, chairman of Dalian Wanda Group, who is worth a whopping $14.1 billion.

The wealth spike is largely attributable to China’s successes in the mobile phone and automobile industries, Forbes reports:

China has in recent years become home to the world’s largest number of mobile phone and Internet users, and the Internet has produced some of the biggest increases in fortunes on the top 100. China’s three kings of the Internet — No. 3 Robin Li, CEO of Baidu , No. 5 Ma Huateng , CEO of Tencent, and No. 7 Jack Ma, chairman of Alibaba Group — all enjoyed huge gains in their fortune in a year in which each moved aggressively to build on past success and head off rivals.

China today is also the world’s biggest auto market, and eight members of the top 100 with ties to the industry enjoyed wealth gains, led by Wei Jianjun, chairman of Great Wall Motor, who ranked No. 6 with a fortune worth $9 billion. In a year in which pollution often dominated China’s headlines, the highest-ranking newcomer on this year’s list with an estimated fortune worth $10.9 billion, fittingly, is renewable energy entrepreneur Li Hejun of Hanergy Holding of Beijing.

China currently houses the most billionaires in the world after the US.