⬅ # 410 Martin Lorentzon|# 412 Arthur Dantchik

# 411 Ding Shijia 

$6.87B

Real Time Net Worth
as of 5/27/2024
$19.3M (0.28%)

# 411 Ding Shijia 

$6.87B

Real Time Net Worth
as of 5/27/2024
$19.3M (0.28%)
OccupationDeputy Chair, Anta Sports
Source of WealthSports Apparel
Age60
ResidenceQuanzhou, China
Marital StatusMarried
Age-Adjusted Net Worth$6.87B
Ding Shijia
Ding Shijia
China
Net worth: $6.87B

Self-Made Score 

Wealth History

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Biography

Overview

Ding Shijia is the deputy chairman of Anta Sports Products Ltd, a leading manufacturer of sport shoes and athletic apparel based in Fujian.
Anta Sports operates over 11,900 stores globally and reported revenue of 53.7 billion yuan ($8 billion) in 2022.
The company's brand portfolio includes Anta, Fila, Amer Sports, and Descente.

Career Milestones

1992: Joined Jinjiang Shifa as Deputy Factory Manager
2000: Designated as General Manager of Anta Fujian
2000: Became Chairman of the Board of Directors of Anta China
2007: Became Executive Director of Anta Sports Products Ltd
2010: Took charge as Deputy Chairman of Anta Sports Products Ltd

Awards and Recognition

Awarded the title of Eminent Young Entrepreneur of Quanzhou in 2002 and 2004

Anta Sports Overview

Founded in 1994 by Ding Shizhong
Headquartered in Jinjiang, China
Operates in designing, developing, manufacturing, and marketing sportswear, footwear, apparel, and accessories
Main subsidiary: Amer Sports, managing 25 apparel brands
Listed on the Hong Kong Stock Exchange as 2020.HK in 2007
Official supplier of the International Olympic Committee

Strategic Moves and Acquisitions

Led consortium to acquire Finnish group Amer Sports for $5.2 billion in 2019
Acquired Fila trademark in mainland China, Hong Kong, and Macao from Belle International in 2009
Acquired majority stake (75.13%) in female athleisure brand Maia Active in October 2023

Brand Portfolio

Anta
Fila (Mainland China only)
Descente (Mainland China, Hong Kong, Macau only)
Kolon Sport (50% owned)
Arc'teryx
Salomon
Wilson
Peak Performance
And others

How long would it take you to become as rich as Ding Shijia?

If you started with $10,000 and invested an additional $500 each month at a 44.02% CAGR, it would take you 5 years to reach Ding Shijia's net worth of $6.87B.

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 42.57% compared to 11.75% for the S&P 500 benchmark.

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

Ding Shijia 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 Ding Shijia, Sports Apparel 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