⬅ # 169 Liu Yongxing|# 171 Andrew Beal ➡

# 170 Dang Yanbao 

$12.3B

Real Time Net Worth
as of 5/18/2024
$179.1M (1.45%)

# 170 Dang Yanbao 

$12.3B

Real Time Net Worth
as of 5/18/2024
$179.1M (1.45%)
OccupationChair, Ningxia Baofeng Energy Group
Source of WealthCoal
Age51
ResidenceYinchuan, China
EducationMBA, Peking University
Age-Adjusted Net Worth$22.7B
Dang Yanbao
Dang Yanbao
China
Net worth: $12.3B

Self-Made Score 

Wealth History

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Biography

Biographical Information

Dang Yanbao was born in 1973 and grew up in Yanchi County, China.
He earned an M.B.A. degree from Peking University.
In 2005, Dang Yanbao founded Ningxia Baofeng Energy Group, specializing in coal chemical products.
In 2010, he became the legal representative of Ningxia Baofeng Group Co., Ltd.
As of 2020, Baofeng Group ranked 307 among the top private manufacturing enterprises in China.
Dang Yanbao chairs Baofeng New Energy, a private solar farm company, currently seeking an IPO in China.
Baofeng Energy Storage, another private firm led by Dang Yanbao, broke ground on China's first energy storage plant in Yinchuan in 2022.

Philanthropy

In 2011, Dang Yanbao and his wife, Bian Haiyan, established the Ningxia Yanbao Charity Foundation.
The foundation focuses on sponsoring education and poverty alleviation.
In 2019, Dang Yanbao donated RMB 302 million to the foundation.
As of 2021, the Ningxia Yanbao Charity Foundation has financially assisted 256,700 young students.

How long would it take you to become as rich as Dang Yanbao?

If you started with $10,000 and invested an additional $500 each month at a 44.10% CAGR, it would take you 5 years to reach Dang Yanbao's net worth of $12.3B.

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 42.76% compared to 11.89% for the S&P 500 benchmark.

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Dang Yanbao 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 Dang Yanbao, Coal 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