Fosun International have been ranked as the fourth wealthiest football club owners in England – with Wolves at the top of the Midlands.

The investment company, fronted by Guo Guangchang, bought the club in 2016 and have continued to pump funds into both the playing squad and infrastructure behind the scenes, as Wolves have gone from Championship also-rans, to Champions League contenders.

According to the Sunday Times Rich List, Fosun chairman Gunagchang sits behind only the owners of Manchester City (£23.3bn), Chelsea (£10.16bn) and Arsenal (£6.8bn) - with a value of £5.2bn.

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In addition to running a successful football club, Fosun are also leaders in a variety of other fields and hold shares in leading pharmaceutical companies.

Based on Forbes’ financial figures, Guangchang has seen his personal wealth sky rocket $1.3bn in recent months.

Fosun has pledged to help in the search for a vaccine to the coronavirus and are also creating Personal Protective Equipment (PPE) which is being distributed across the globe, and that could explain why Guangchang's net worth has risen so sharply.

Wolves were recently rated as the seventh most valuable Premier League club by football finance expert Kieran Maguire.

Maguire estimates the club is worth £458million - 10 times what Fosun paid Steve Morgan to purchase it four years ago - and only trail the 'big six' in the standings.

Wolves made a pre-tax profit of almost £20million for the financial year ending in May 2019 and their turnover was £172.5million - a mind-blowing £146million increase on the previous year.

Midlands rivals Aston Villa (£5bn) and Leicester City (£4.6bn), sit directly behind Fosun in the list published over the weekend, with the owners of 'big-six' clubs, Liverpool (£2.1bn), Manchester United (£3.8bn) and Tottenham (£3.9bn) all trailing them.