With a fortune of 135 billion yuan ($19.11 billion), Huang Zheng, founder, chairman and CEO of online discounter Pinduoduo, has taken the top spot on the Hurun Under 40s China Rich List 2019 released by the Hurun Research Institute.

Bytedance founder Zhang Yiming ranked second, with a personal wealth of 95 billion yuan, which increased by 46 percent from last year, the fastest on the list.

This year, the list ranked 54 billionaires born after 1980 whose personal wealth surpassed 2 billion yuan, four more than that of last year. Their collective wealth was 598.3 billion yuan, while average wealth surpassed 10 billion yuan for the first time, to 11.1 billion yuan.

Let's take a look at China's top 10 wealthiest self-made billionaires under the age of 40.