⬅ # 427 Lynsi Snyder|# 429 Edward Roski Jr

# 428 Chen Bang 

$6.82B

Real Time Net Worth
as of 4/12/2024
-$106.2M (-1.56%)

# 428 Chen Bang 

$6.82B

Real Time Net Worth
as of 4/12/2024
-$106.2M (-1.56%)
OccupationChair, Aier Eye Hospital Group
Source of WealthHospitals
Age58
ResidenceChangsha, China
Marital StatusMarried
EducationMBA, Hunan University
Age-Adjusted Net Worth$7.81B
Chen Bang
Chen Bang
China
Net worth: $6.82B

Self-Made Score 

Wealth History

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Biography

Early Life

Chen Bang is a Chinese billionaire and businessman born in 1965.
Born into a military family in Changsha, he attempted to join the army at 17 but was rejected due to color blindness.
Chen initially worked at a state-owned enterprise in Changsha before venturing into entrepreneurship.
At the age of 27, he became a billionaire but lost his fortune during the Chinese property bubble.
In 1995, Chen started a coconut juice agency and later attempted a folk culture theme park business in Taiwan, which also failed.
In 1997, he shifted focus to professional ophthalmology hospitals, leading to the founding of Aier Private Eye Hospital in 2001.

Business Ventures

Chen Bang chairs Aier Eye Hospital Group, the largest ophthalmology chain in China.
Aier has expanded globally, with over 800 eye hospitals and centers in China, the U.S., Europe, and Southeast Asia.
Headquartered in Changsha, Aier Eye Hospital Group owned around 500 specialized eye hospitals in China, 86 in Europe, 12 in Southeast Asia, and 1 in the US as of 2020.
In 2017, Chen Bang's company acquired Clinica Baviera SA, the largest eye clinic group in Europe.

Entrepreneurial Journey

Chen's entrepreneurial journey began with property and overseas investments until he was inspired by a retired ophthalmologist to establish his own hospitals.
His pursuit led to the founding of Aier Private Eye Hospital in 2001, marking a significant shift from previous business endeavors.

How long would it take you to become as rich as Chen Bang?

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 Chen Bang's net worth of $6.82B.

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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Chen Bang 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 Chen Bang, Hospitals 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