⬅ # 731 Zhu Yan|# 733 Kwak Dong Shin ➡

# 732 Jiang Bin 

$4.38B

Real Time Net Worth
as of 7/2/2024
-$20.5M (-0.47%)

# 732 Jiang Bin 

$4.38B

Real Time Net Worth
as of 7/2/2024
-$20.5M (-0.47%)
OccupationCofounder and Chair, Goertek
Source of WealthAcoustic Components
Age57
ResidenceWeifang, China
Marital StatusMarried
Children1
EducationBS, Beijing University of Aeronautics and Astronautics; MBA, Tsinghua University
Age-Adjusted Net Worth$5.36B
Jiang Bin
Jiang Bin
China
Net worth: $4.38B

Self-Made Score 

Wealth History

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Biography

Overview

Jiang Bin, born in 1966/1967, is a Chinese billionaire entrepreneur, co-founder, and chairman of GoerTek, a leading supplier of acoustic components in China.
GoerTek, founded in June 2001 by Jiang Bin and his wife Hu Shuangmei, is listed on the Shenzhen Stock Exchange, specializing in R&D, production, and sales of electro-acoustic components, optical components, electronic accessories, and related products.
The company boasts prominent clients including Samsung, Apple, Sony, and Lenovo, with notable contributions to Apple's AirPods.
Jiang Bin's wealth and success stem from his leadership at GoerTek, renowned for its technological prowess and market dominance in acoustic components.
He is also recognized for philanthropy, exemplified by a $20 million donation to Beihang University to foster research and talent development.
Jiang's familial ties to the business include his brother Jiang Long, who served as GoerTek vice chairman until 2023.

Early Life and Education

Jiang Bin earned a bachelor's degree from Beijing University of Aeronautics and Astronautics.
He furthered his education with an MBA from Tsinghua University.

Career Highlights

As chairman of GoerTek, Jiang Bin oversees its strategic direction and operations.
Under his leadership, GoerTek has secured a significant position in the market, being listed on the Shenzhen Stock Exchange since May 2008.
The company's client portfolio includes tech giants such as Samsung, Apple, Sony, and Lenovo, reflecting its global reach and influence.

Personal Life

Jiang Bin is married to Hu Shuangmei.
They reside in Weifang, China, and have one child.

Global Network and Expansion

GoerTek's global headquarters are located in Weifang, with regional headquarters in Beijing, East China, South China, Taiwan, Japan, Europe, and the Americas.
The acquisition of Danish loudspeaker manufacturer Dynaudio in 2014 expanded GoerTek's presence and product portfolio, reinforcing its position in the industry.

How long would it take you to become as rich as Jiang Bin?

If you started with $10,000 and invested an additional $500 each month at a 44.06% CAGR, it would take you 5 years to reach Jiang Bin's net worth of $4.38B.

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 48.24% compared to 16.19% for the S&P 500 benchmark.

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Jiang Bin 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 Jiang Bin, Acoustic Components 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