⬅ # 1029 Wang Weixiu|# 1031 Falguni Nayar ➡

# 1030 Lin Jianhua 

$3.22B

Real Time Net Worth
as of 6/29/2024
-$55.5M (-1.73%)

# 1030 Lin Jianhua 

$3.22B

Real Time Net Worth
as of 6/29/2024
-$55.5M (-1.73%)
OccupationCofounder and Chair, Hangzhou First Applied Material
Source of WealthSolar Panel Components
Age61
ResidenceHangzhou, China
Marital StatusMarried
Age-Adjusted Net Worth$3.00B
Lin Jianhua
Lin Jianhua
China
Net worth: $3.22B

Self-Made Score 

Wealth History

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Biography

Overview

Lin Jianhua became wealthy through his leadership at Hangzhou First Applied Material, a major supplier of packaging films and other products to the solar power industry.
He co-founded Hangzhou First in 2003 alongside his wife, Zhang Hong, who serves as the company's vice president.

Early Life and Career

Lin Jianhua began his career at a state-owned fertilizer factory in Zhejiang Province in 1982.
He worked there until 1994 before venturing into entrepreneurship.
In 2003, Lin and his wife established Hangzhou First Applied Material Co., Ltd., marking the beginning of their successful business journey.

Company Details

Hangzhou First Applied Material Co., Ltd. specializes in developing, manufacturing, and selling a wide range of film products.
Their offerings include fusible films, solar cell films, photosensitive dry films, and hot melt adhesive films.
The company also produces solar back plates, electronic materials, and other related products for various industries.
Hangzhou First Applied Material is known for its photovoltaic packaging materials, such as ethylene/vinyl acetate (EVA) adhesive films and hot melt adhesive films.
They cater to both domestic and overseas markets, distributing their products globally.

How long would it take you to become as rich as Lin Jianhua?

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 Lin Jianhua's net worth of $3.22B.

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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Lin Jianhua 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 Lin Jianhua, Solar Panel 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