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Grizzly Bulls’ Billionaires Index

⬅ # 695 Lai Meisong|# 697 Herb Simon ➡

# 696 Chan Laiwa 

$4.55B

Real Time Net Worth
as of 7/2/2024
$338 (0.00%)

# 696 Chan Laiwa 

$4.55B

Real Time Net Worth
as of 7/2/2024
$338 (0.00%)
OccupationFounder and Chair, Fuwah International Group
Source of WealthReal Estate
Age83
ResidenceBeijing, China
Marital StatusMarried
Children3
EducationDoctorate, Savannah College of Art and Design
Age-Adjusted Net Worth$960.44M
Chan Laiwa
Chan Laiwa
China
Net worth: $4.55B

Self-Made Score 

Wealth History

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Biography

Overview

Chan Laiwa, also known as Chen Lihua, is the founder and chairman of Fuwah International Group, one of Beijing's leading commercial property developers.
She rose from poverty to become one of China's wealthiest individuals, known for her success in real estate and her contributions to culture through the China Red Sandalwood Museum.

Early Life

Chen Lihua was born in 1941 in the Summer Palace of Beijing, China, into a noble Manchu family of the Qing dynasty.
Following the collapse of the Qing dynasty, her family lost their wealth, compelling Chen to leave high school and start her own furniture repair business.

Rise From Poverty

In the early 1980s, Chen relocated to Hong Kong, where she established a successful furniture trading business, eventually amassing enough capital to purchase 12 villas.
Returning to Beijing in the late 1980s, she expanded into real estate, founding Fuwah International Group in the early 1990s.

Business Ventures

Fuwah International Group primarily operates in real estate but also boasts a diverse portfolio spanning agriculture, tourism, electronics, hospitality, and red sandalwood art production.
Chan has transitioned to a more advisory role, delegating daily management to her son, while focusing on her cultural endeavors.

Cultural Contributions and Philanthropy

In 1999, Chan founded the China Red Sandalwood Museum, investing 20 billion yuan in the project, which spans 25,000 square meters.
Her affinity for red sandalwood, stemming from childhood experiences in the Summer Palace, inspired her museum.
Beyond her museum, Chan is recognized for her philanthropy, with Fuwah donating significant sums for disaster relief in 2004 and 2005.
She has also contributed sandalwood works to museums globally, showcasing her commitment to cultural preservation.

Personal Life

Chan is married to Chinese actor Chi Zhongrui and has one son and two daughters.
She currently resides within the confines of the China Red Sandalwood Museum, devoting her time to cultural preservation and philanthropy.

How long would it take you to become as rich as Chan Laiwa?

If you started with $10,000 and invested an additional $500 each month at a 44.06% CAGR, it would take you 5 years to reach Chan Laiwa's net worth of $4.55B.

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 48.24% compared to 16.19% for the S&P 500 benchmark.

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

Chan Laiwa 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 Chan Laiwa, Real Estate 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