Top 5 private jets owned by Chinese billionaires

Like the super-rich worldwide, Chinese billionaires enjoy traveling in expensive business jets. By the end of last year, some 297 business jets were registered on the Chinese mainland, up 16 percent from a year earlier, according to reports citing Hong Kong-based aviation consultants Asian Sky Group.

The latest "Business Jets and Hurun China Rich List", published by Hurun Report last month, said 28 of the top 100 wealthiest people on the mainland owned a combined 41 private jets, each costing between 30 million yuan ($4.83 million) and 500 million yuan.

Let's take a look at the five most popular private jets among the rich and who owns which, based on media reports.

GULFSTREAM 550

No 1 GULFSTREAM 550

Owned by: Li Hejun, chairman of Hanergy; Wang Jianlin, chairman of Dalian Wanda; Jack Ma Yun, chairman of Alibaba and Li Yanhong, chairman and chief executive of Baidu.