⬅ # 2210 John Phillips|# 2212 Amit Burman

# 2211 Catherine Phillips 


Real Time Net Worth
as of 4/12/2024
-$30.1M (-2.15%)

# 2211 Catherine Phillips 


Real Time Net Worth
as of 4/12/2024
-$30.1M (-2.15%)
OccupationChair, Eastroc Beverage
Source of WealthInvestments
ResidenceToronto, Canada
Marital StatusMarried
Age-Adjusted Net Worth$1.40B
Catherine Phillips
Catherine Phillips
Net worth: $1.40B

Wealth History

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Early Life and Entrepreneurship

Lin Muqin was born into modest circumstances and faced numerous challenges in his early life, which instilled in him a strong work ethic and determination.
His first venture in the business world was a small corner shop, a family endeavor that provided him with invaluable experience and insights.
From this humble beginning, Lin Muqin's business empire has expanded into various sectors including technology, healthcare, real estate, and entertainment.
Despite their immense success, the Lin family remains committed to philanthropy, contributing significantly to charitable causes and foundations.

Succession and Education

Lin Muqin has successfully handed over key areas of his business to his children, ensuring a smooth transition and continuity of the family business legacy.
Lin Muqin and his family members boast impressive academic backgrounds, having gained degrees from reputable institutions.
Their strong focus on education has provided a solid foundation for their business ventures and serves as an example for future generations.
The seamless succession plan and strong academic backgrounds have played crucial roles in the continued growth and success of the family business.

Global Expansion and Diversification

Despite their humble beginnings, the Lin family's businesses have expanded to several countries around the globe, reflecting their global ambitions.
Lin Muqin's early interest in technology has significantly contributed to the success of the family's businesses, many of which have roots in the technological sector.
Beyond business, the Lin family is also passionate about the arts, with Lin Muqin himself being an avid collector of art pieces.
In addition to their business ventures, the Lin family is dedicated to promoting sustainability, with many of their ventures focusing on sustainable practices and environmental care.

Eastroc Super Drink

Eastroc Super Drink, originating from China in 1987, is one of the country's best-selling local energy drink brands, ranking third in market share after Red Bull and Hi-Tiger.
Between 2011 and 2015, Eastroc Super Drink experienced remarkable growth in retail sales, with a staggering 255.5% increase, making it the fastest-growing brand among the top three in China.
It was the first Chinese brand to introduce functional beverages into its product line, pioneering the market for such drinks in China.
Approved by the National Health and Family Planning Commission of China, Eastroc Super Drink contains various ingredients including taurine, caffeine, vitamins, and amino acids.
Despite concerns about health risks associated with energy drinks, including masking intoxication effects and potential cardiac issues, Eastroc Super Drink is considered safe for consumption by the Chinese regulatory authority.

Promotion and Sponsorship

Eastroc Super Drink heavily promotes sports through its advertisements and sponsorships, including events like the 2017 International Champions Cup (ICC) China and sponsorship of the Portugal national football team during the 2018 FIFA World Cup.
The brand has engaged in celebrity endorsements, notably contracting with Nicholes Tze as its spokesman in September 2012.
Additionally, Eastroc Super Drink has sponsored various Chinese variety shows, such as Amazing Race China and the third season of Go Fighting!, a popular variety show.

How long would it take you to become as rich as Catherine Phillips?

If you started with $10,000 and invested an additional $500 each month at a 44.18% CAGR, it would take you 5 years to reach Catherine Phillips's net worth of $1.40B.

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 36.27% compared to 8.51% for the S&P 500 benchmark.

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Catherine Phillips 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 Catherine Phillips, Investments 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.

Edited by: Lee Bailey