Chinese entrepreneur Yang Jianxin, chairman of Shanxi Baiyuan Trousers Chain Management Co., Ltd., recently elevated himself to billionaire status after the record-breaking 10% rise of his shares at the Shenzhen Stock Exchange yesterday, securing a place for himself among China's many new billionaires for 2015.

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Forbes reported that when Jianxin acquired Globalegrow E-Commerce for one billion yuan ($166 million) October last year, his revenue was 5.75 million yuan ($93 million), and his net profit was $27.8 million yuan ($4.5 million). After the purchase, his revenue rose to 586% and his net profit to a bustling 1,184.7%.

Today, Yang Jianxin and his wife, Fan Meihua, own 40.3% of Shanxi Baiyuan Trousers Chain Management. The franchise owns more than 1,700 stores in 28 provinces in China, selling pants, jeans, slacks, and other apparel for men and women. Founded in 1998, the company is primarily based in Taiyuan, China. It operates under the brand name BaiYuan.

Yang and Fan are not the first Chinese businesspersons to reach billionaire status in the past few years. Just this April, Qian Yixiang of Boer Power Holdings and his wife, Jia Lingxia, also became billionaires after a record close in the share price of Chinese electrical distributions systems supplier in Hong Kong. The couple owns 67% of Boer, and at its closing price of HK$15.02 million, it is worth approximately $1 billion.

Mainland China has more than 210 spots in the Forbes' Billionaires List as of March 2015, 71 of them being new inductees. Some of these include technology moguls, owners of pharmaceutical corporations, and retail and sales entrepreneurs like Yang himself.

• Zhou Jianping of Heilan Home - $4.8 billion
• Qi Shi and family of East Money Information - $2.8 billion
• Xiao Wenge of DMG Entertainment and Media- $2.1 billion
• Wang Qingtao of Shandong Coking Group - $1.8 billion
• Simon Xie of Alibaba - $1.6 billion

Tagsbillionaire, Forbes, entrepreneur