⬅ # 1837 V. Prem Watsa|# 1839 Safra Catz

# 1838 Ho Hung Anh 

$1.74B

Real Time Net Worth
as of 4/12/2024
$57.2M (3.28%)

# 1838 Ho Hung Anh 

$1.74B

Real Time Net Worth
as of 4/12/2024
$57.2M (3.28%)
OccupationFounder and Chair, Liye Group
Source of WealthConsumer Products, Banking
Age53
ResidenceHanoi, Vietnam
Marital StatusMarried
Children3
EducationBachelor of Engineering, Kiev Polytechnic Institute
Age-Adjusted Net Worth$2.79B
Ho Hung Anh
Ho Hung Anh
Vietnam
Net worth: $1.74B

Wealth History

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Biography

Overview

Lin Li is the founder and chairman of Shenzhen Liye Group Co., Ltd, established in 1995.
He holds a Doctor of Finance degree.
He previously worked at various branches of the Bank of China.
Lin's son, Lin Dibang, chairs Cali Biosciences, a Shenzhen-based drug maker.
He has served as a representative of the fifth Shenzhen People's Congress and held various positions in Shenzhen Business Association and other organizations.
He was part of an entrepreneur delegation to visit the United States with President Xi Jinping.

Business Ventures and Investments

Liye Group has interests in power equipment manufacturing, new energy, chemical industry, biomedicine, and non-ferrous metals.
Liye Group invested in financial enterprises such as China Ping An, Hualin Securities, and WeBank.
Hualin Securities Co., Ltd., chaired by Lin Li, was listed on the Shenzhen main board in 2019.
Shanghai Liye Nonferrous Metals Co., Ltd. and Shenzhen Liye Supply Chain Technology Co., Ltd. were established in 2020.
Liye Group entered investment projects focusing on energy resources development and comprehensive mineral resources development in Tibet in 2021.
Liye Group established Liye Lithium Battery and invested 13.6 billion yuan to build a lithium battery production base in Suining in 2022.

Social Responsibility and Awards

Lin Li is committed to social responsibility and public welfare.
During the novel coronavirus pneumonia outbreak, Liye Group made significant contributions to public welfare.
Liye Group has won awards such as the 'Outstanding Corporate Social Responsibility Award'.
Liye Group received awards including 'Outstanding Contribution Award for Poverty Alleviation' and 'Poverty Alleviation Tough Certificate'.
Liye Group was recognized for its important contribution to fighting the new crown pneumonia epidemic in Guangdong.
Lin Li practices the business philosophy of 'being an honest man and building a business with integrity'.

How long would it take you to become as rich as Ho Hung Anh?

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 Ho Hung Anh's net worth of $1.74B.

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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Ho Hung Anh 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 Ho Hung Anh, Consumer Products and Banking are the primary sources. 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