⬅ # 371 Frank Lowy|# 373 Thomas Hagen

# 372 Liu Hanyuan 

$7.25B

Real Time Net Worth
as of 4/20/2024
-$197.8M (-2.73%)

# 372 Liu Hanyuan 

$7.25B

Real Time Net Worth
as of 4/20/2024
-$197.8M (-2.73%)
OccupationFounder, Tongwei Group
Source of WealthAgribusiness
Age60
ResidenceChengdu, China
Marital StatusMarried
EducationBS, Sichuan University
Age-Adjusted Net Worth$7.25B
Liu Hanyuan
Liu Hanyuan
China
Net worth: $7.25B

Self-Made Score 

Wealth History

Hover or tap to reveal net worth by year
Loading Chart

Biography

Early Life

Liu Hanyuan was born in 1964 in Meishan, China, and grew up in a peasant family.
During his high school years, Liu became interested in aquaculture technology.
At the age of 19, Liu convinced his father to invest $60 to start his own fish farming business.
Despite initial setbacks, Liu persisted and spent 7 months researching fish farming technology, leading to rapid development in his ponds.

Career

Liu worked at a government job in the hydropower bureau in Sichuan Province before embarking on his entrepreneurial journey.
In 1992, Liu founded Tongwei Group, initially focusing on fish feed production.
Tongwei Group went public in 2004, marking a significant milestone for Liu's business.
Recognizing the booming photovoltaic industry in 2006, Liu ventured into solar energy.
In 2007, Tongwei Solar was established, contributing to Tongwei Group's diversification and vertical integration in the photovoltaic industry.
Tongwei became a leading producer of high-purity silicon, essential for solar panels, in 2013, with ambitious plans for further expansion.
Despite industry challenges in 2018, Tongwei continued to expand production, solidifying its position as the largest producer of high-purity silicon.

Business Diversification

Liu's business empire extends beyond energy, with interests in food, real estate, construction, and media sectors.
Diversification is a real asset for Liu, as Tongwei Group controls a dozen companies in various sectors.

Family and Succession

Liu's daughter, Shuqi, became the chairman and CEO of Tongwei Co., the main listed business of Tongwei Group, in March 2023.

How long would it take you to become as rich as Liu Hanyuan?

If you started with $10,000 and invested an additional $500 each month at a 43.95% CAGR, it would take you 5 years to reach Liu Hanyuan's net worth of $7.25B.

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 34.07% compared to 5.08% for the S&P 500 benchmark.

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

Liu Hanyuan 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 Liu Hanyuan, Agribusiness 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