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Grizzly Bulls’ Billionaires Index

⬅ # 498 Jim Davis|# 500 Ding Shijia ➡

# 499 Ding Shizhong 

$6.42B

Real Time Net Worth
as of 11/21/2024
-$75.0M (-1.17%)

# 499 Ding Shizhong 

$6.42B

Real Time Net Worth
as of 11/21/2024
-$75.0M (-1.17%)
OccupationFounder, Chair, and CEO of Anta Sports
Source of WealthSports Apparel
Age53
ResidenceQuanzhou, China
Marital StatusMarried
Children2
EducationEMBA, Xiamen University
Age-Adjusted Net Worth$10.3B
Ding Shizhong
Ding Shizhong
China
Net worth: $6.42B

Self-Made Score 

Breitling Navitimer 1 B01 Chronograph 46 Luxury Men's Watch

Wealth History

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Biography

Overview

Ding Shizhong is the chairman and founder of Anta Sports, a major Chinese sportswear company headquartered in Jinjiang, China.
Born in Fujian, China, Ding's entrepreneurial journey began in the mid-1980s when he started buying and selling shoes from a relative's factory.
In 1991, Ding established his own manufacturing operation, eventually founding Anta as a brand, aiming not to build 'the Nike of China,' but rather 'the Anta of the world.'
His vision included bringing Anta overseas, evident in his early steps such as signing international athletes and securing deals with organizations like the International Olympic Committee.
Ding's leadership has seen Anta Sports expand significantly, acquiring brands like Fila and leading a consortium to purchase Amer Sports, which includes well-known labels like Arc'teryx, Wilson, and Peak Performance.
He has a billionaire older brother, Ding Shijia, who serves as the deputy chairman of Anta Sports.

Company Overview

Anta Sports Products Limited is a multinational corporation specializing in sports equipment, headquartered in Jinjiang, China.
Founded in 1994 by Ding Shizhong, the company has grown to become the world's largest sports equipment company by revenue and the third-largest manufacturer of sporting goods overall, trailing only Nike and Adidas.
Anta's operations span design, development, manufacturing, and marketing of sportswear, footwear, apparel, and accessories under various brand names.
The company's subsidiaries include Amer Sports, a Finnish sport retailer managing 25 apparel brands such as Arc'teryx, Salomon, and Wilson.
Publicly traded on the Hong Kong Stock Exchange, Anta Sports is a constituent of the Hang Seng Index and holds the distinction of being the official supplier of the International Olympic Committee.

Corporate History and Expansion

Anta Sports, founded by Ding Shizhong in 1991, seized the opportunity to expand during the 2008 Beijing Olympics, particularly in footwear marketing.
Listed on the Hong Kong Stock Exchange as 2020.HK in 2007, the company's IPO price was HK$5.28 per share.
In 2009, Anta acquired the Fila trademark in mainland China, Hong Kong, and Macao from Belle International, subsequently operating the Fila business in these regions.
The company also manages DESCENTE and SPRANDI stores in China, along with KOLON SPORT and KINGKOW stores in China, Hong Kong, and Macao.
Anta Sports has secured significant athlete endorsements, including NBA stars like Kevin Garnett and Klay Thompson, enhancing its brand visibility and market presence.
In December 2018, Anta Sports led an investor consortium to make a voluntary recommended public cash tender offer for all issued and outstanding shares in Amer Sports Corporation, further expanding its portfolio.

Market Engagement and Controversies

In October 2019, Anta Sports temporarily boycotted the NBA due to a social media incident involving a Houston Rockets official supporting protests in Hong Kong.
During the 2022 Russian invasion of Ukraine, Anta declined to withdraw from the Russian market, defying NATO sanctions, which garnered criticism.
Research from Yale University in 2022 classified Anta among companies 'digging in,' defying demands to exit or reduce activities in conflict regions.
In October 2023, Anta Sports acquired a majority stake in Maia Active, a female athleisure brand, further diversifying its brand portfolio and market presence.

Ding Shizhong's Wealth is Equivalent to:

4,944,573 Herman Miller Aeron Chairs

Herman Miller Aeron Chair

1,215,326 Gold Bars (50 gram)

24K Solid 50g Gold Ingot

65,645 Tiny Homes

Tiny House, Two Bedroom Solar Prefab Home

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

If you started with $10,000 and invested an additional $500 each month at a 43.43% CAGR, it would take you 5 years to reach Ding Shizhong's net worth of $6.42B.

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 58.67% compared to 23.91% for the S&P 500 benchmark.

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

Ding Shizhong 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 Shizhong, 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.

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Edited by: Lee Bailey