⬅ # 1245 Michael Hintze|# 1247 Mortimer Zuckerman ➡

# 1246 Cao Longxiang 

$2.77B

Real Time Net Worth
as of 12/12/2024
-$49.3M (-1.78%)

# 1246 Cao Longxiang 

$2.77B

Real Time Net Worth
as of 12/12/2024
-$49.3M (-1.78%)
Source of WealthPharmaceuticals
Age67
ResidenceTaixing, China
Marital StatusMarried
Age-Adjusted Net Worth$1.73B
Cao Longxiang
Cao Longxiang
China
Net worth: $2.77B
Mido Ocean Star 600 Chronometer

Wealth History

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Cao Longxiang's Wealth is Equivalent to:

2,134,719 Herman Miller Aeron Chairs

Herman Miller Aeron Chair

524,693 Gold Bars (50 gram)

24K Solid 50g Gold Ingot

28,341 Tiny Homes

Tiny House, Two Bedroom Solar Prefab Home

How long would it take you to become as rich as Cao Longxiang?

If you started with $10,000 and invested an additional $500 each month at a 43.53% CAGR, it would take you 5 years to reach Cao Longxiang's net worth of $2.77B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 63.87% compared to 28.04% for the S&P 500 benchmark.

Enter data in all but one field below, then calculate the missing value

Cao Longxiang is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Cao Longxiang, Pharmaceuticals is the primary source. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

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Edited by: Lee Bailey