Ding, 27, won a record-equalling five ranking titles last season which aided his rise to the top of the money list.
He suffered a surprise defeat in the last 32 of the UK Championship, but the early exits of Mark Selby and Neil Robertson allowed him to go first.
"It's a great achievement," World Snooker chairman Barry Hearn said.
"It's a great achievement. The goal for him is out there now: can he win the World Championship and bring the crown back to China?
"The fact is, he's not world number one by luck, he has got there on performance."
Ding lost to youngster James Cahill in York last week but still jumped from third position after previous number one Selby's second-round defeat by David Morris and number two Robertson's last-16 loss to Graeme Dott.
Last season, he won the Shanghai Masters, International Championship, German Masters, Indian Open and China Open, losing to Ronnie O'Sullivan in the final of the Welsh Open.
O'Sullivan moved from fourth to third after his victory over Judd Trump in the UK Championship final.
The money list is based on a player's performance over the preceding two years, and replaced the point tariffs at the start of this season.
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