Of the 128 tycoons with a 10-figure net worth, nine are under the age of 40, 11 are women, and Shenzhen leads with 17 billionaires, followed by Beijing with 15 and Shanghai with 10.

Also noteworthy is that 10 percent of the 400 richest Chinese in Forbes Asia's latest overall ranking get all or part of their fortunes from China's healthcare sector.

Topping this year's list is Zong Qinghou, the chairman of beverage giant Wahaha, with an 8 billion U.S. dollars net worth, compared with 4.8 billion U.S. dollars last year.

Zong knocked off last year's richest man Wang Chuanfu, who is now worth 4.25 billion U.S. dollars and ranked No. 10 after losing over 1.5 billion U.S. dollars.

Robin Li comes in second with 7.2 billion U.S. dollars after seeing his net worth jump by more than 4 billion U.S. dollars on the rapid growth of the world's biggest population of internet users. Shares of his company Baidu, soared 143 percent over the past year.

At No. 3 is Liang Wengen, worth 5.9 billion U.S. dollars.