⬅ # 154 Dhanin Chearavanont|# 156 Mikhail Prokhorov

# 155 Huang Shilin 

$13.6B

Real Time Net Worth
as of 5/18/2024
$197.1M (1.45%)

# 155 Huang Shilin 

$13.6B

Real Time Net Worth
as of 5/18/2024
$197.1M (1.45%)
OccupationFormer vice-chair, CATL
Source of WealthBatteries
Age57
ResidenceNingde, China
EducationBachelor of Technology, Hefei University of Technology
Age-Adjusted Net Worth$16.6B
Huang Shilin
Huang Shilin
China
Net worth: $13.6B

Self-Made Score 

Wealth History

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Biography

Biographical Info

Huang Shilin, born in 1967, is a Chinese businessman.
He served as the vice chairman of Contemporary Amperex Technology (CATL).
As of 2018, Huang owned a 12% stake within CATL.
He is a graduate of Hefei University of Technology.

CATL Overview

CATL, founded in Ningde, is a major global battery supplier for the electric vehicle industry.
It went public on the Shenzhen Stock Exchange in 2018.
CATL's customers include prominent automotive brands such as BMW, Volkswagen, and Geely.
The company originated as a spin-off of Amperex Technology Limited (ATL) in 2012.

CATL Growth

CATL's growth is attributed to early investments in EV battery technologies.
By 2016, it became the world's third-largest provider of EV, HEV, and PHEV batteries.
In 2017, CATL led worldwide sales of power battery systems.
CATL diversified globally, announcing a new battery factory in Arnstadt, Germany, in 2018.
By the first half of 2022, CATL held a market share of 34 percent, ranking first globally.
In 2022, plans were revealed for a new battery factory in Debrecen, Hungary.

Board Resignation

Huang Shilin resigned from the board of CATL in August 2022.

How long would it take you to become as rich as Huang Shilin?

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 Huang Shilin's net worth of $13.6B.

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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Huang Shilin 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 Huang Shilin, Batteries 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