⬅ # 475 Todd Boehly|# 477 Patrick Collison

# 476 Liu Yonghao 

$6.57B

Real Time Net Worth
as of 5/18/2024
$172.0M (2.62%)

# 476 Liu Yonghao 

$6.57B

Real Time Net Worth
as of 5/18/2024
$172.0M (2.62%)
OccupationChair, New Hope Group
Source of WealthAgribusiness
Age72
ResidenceChengdu, China
Marital StatusMarried
Children2
Age-Adjusted Net Worth$2.92B
Liu Yonghao
Liu Yonghao
China
Net worth: $6.57B

Self-Made Score 

Wealth History

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Biography

Overview

Liu Yonghao, born in 1952 in China, is a prominent businessman primarily known for his endeavors in agribusiness.
He is the founder and chairman of New Hope Group, the largest animal feed producer in China, employing over 135,000 individuals across 30 countries.
Liu's involvement in various sectors extends beyond agribusiness, with interests in banking, real estate, chemicals, and fast-food chains.
In 2013, his daughter Liu Chang succeeded him as chairman of New Hope Liuhe, one of China's largest agribusiness firms.

Early Life

Liu Yonghao initially pursued a career in education, teaching at a technical school.
In 1982, Liu and his three brothers left their government jobs to venture into the business of breeding quails and chickens, targeting farmers in Sichuan province.
Their entrepreneurial spirit led them to establish the Hope Group in 1992, marking their entry into the animal feed business, which later became the largest in China by 2010.

Career Milestones

Liu Yonghao played a pivotal role in establishing China Minsheng Bank, where he owned 7% of the bank's shares by 2011.
By 2011, Liu held the position of vice-chairman at China Minsheng Bank and concurrently served as chairman of the New Hope Group, solidifying his influence in both banking and agribusiness sectors.
Recognized for his contributions to China's business landscape, Fortune magazine named Liu as one of the 15 business people who had significantly impacted the country in 2012.
Focused on agricultural development, Liu initiated the creation of agricultural cooperatives aimed at assisting peasant farmers in industrializing their plots, facilitating access to loans through underwriting companies established by his firm.
A member of the Sino-Australia 100-Year Agricultural and Food Safety Partnership (ASA 100), Liu Yonghao has actively participated in initiatives promoting agricultural collaboration between China and Australia.

Personal Life

Liu Yonghao's older brother is Liu Yongxing, who also shares interests in business ventures.
He is a family man with one daughter, Liu Chang, who succeeded him as chairman of New Hope Liuhe in 2013, continuing the family's legacy in the agribusiness sector.

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

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 Liu Yonghao's net worth of $6.57B.

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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Liu Yonghao 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 Yonghao, 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