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Grizzly Bulls’ Billionaires Index

⬅ # 1292 Zhang Fan|# 1294 Roy Carroll II ➡

# 1293 Jiang Weiping 

$2.64B

Real Time Net Worth
as of 12/28/2024
$8.2M (0.31%)

# 1293 Jiang Weiping 

$2.64B

Real Time Net Worth
as of 12/28/2024
$8.2M (0.31%)
OccupationFounder and Chair Emeritus, Tianqi Lithium Industries
Source of WealthChemicals
Age69
ResidenceChengdu, China
Marital StatusMarried
Children1
EducationBS in Engineering, Xihua University
Age-Adjusted Net Worth$1.43B
Jiang Weiping
Jiang Weiping
China
Net worth: $2.64B

Self-Made Score 

Breitling Superocean Heritage II Chronograph Automatic Blue Dial Men's Watch

Wealth History

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Biography

Overview

Jiang Weiping is the founder of Tianqi Lithium Industries, a Shenzhen-listed company specializing in lithium products and chemicals.
His wealth stems from his entrepreneurial venture in 1997, which has since grown into a significant player in the lithium industry, particularly known for its focus on cleantech innovations.
Tianqi Lithium's notable achievements include a $1.7 billion Hong Kong stock offering in July 2022 and its commitment to developing next-generation lithium-ion battery recycling technologies.

Early Life and Education

Jiang Weiping graduated from Chengdu College of Agricultural Machinery in China with a bachelor’s degree in engineering in 1982.
He was accredited as an engineer by the Ministry of Machinery and Electronics Industry of China in 2011.
With over 20 years of experience in the lithium industry, Jiang began his career as a technician, administrator, and sales engineer, gaining diverse insights before venturing into entrepreneurship in 1997.

Entrepreneurial Ventures

In 1997, Jiang Weiping founded Tianqi Group Company, marking the beginning of his entrepreneurial journey.
He acquired Shehong Lithium, which later became Tianqi Lithium, through Tianqi Group Company in 2004.
Since then, he has served as the Chairman of Tianqi Group Company, focusing on strategic planning, business development, and major decision-making for the company.
Jiang's leadership steered Tianqi Lithium to prominence, culminating in its listing on the Shenzhen stock exchange.
Under his guidance, Tianqi Lithium became renowned for its commitment to innovation and sustainability in the lithium industry.

Professional Roles and Contributions

Jiang Weiping has held various significant roles, including being a representative at the 13th National People’s Congress.
He served as vice president of the lithium branch of China Non-Ferrous Metals Industry Association.
Jiang also contributed to economic development as a council member and vice president of the Association of Listed Companies of Sichuan Province.
Additionally, he served as an economic development consultant for the Suining Municipal People’s Government, showcasing his multifaceted contributions beyond the business realm.

Succession and Current Roles

In April 2024, Jiang's daughter, Anqi, succeeded him as the Chairman of Tianqi Lithium Industries.
Despite stepping down from the chairman role, Jiang Weiping continues to serve as an executive director within the company.
This transition reflects a strategic move towards generational succession while retaining Jiang's valuable insights and experience within the company's leadership.

Jiang Weiping's Wealth is Equivalent to:

2,030,793 Herman Miller Aeron Chairs

Herman Miller Aeron Chair

499,149 Gold Bars (50 gram)

24K Solid 50g Gold Ingot

26,961 Tiny Homes

Tiny House, Two Bedroom Solar Prefab Home

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

If you started with $10,000 and invested an additional $500 each month at a 42.51% CAGR, it would take you 5 years to reach Jiang Weiping's net worth of $2.64B.

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 63.08% compared to 26.63% for the S&P 500 benchmark.

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

Jiang Weiping 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 Weiping, Chemicals 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