⬅ # 249 Nassef Sawiris|# 251 Tom Gores

# 250 Liu Yongxing 

$9.50B

Real Time Net Worth
as of 5/27/2024
-$365 (-0.00%)

# 250 Liu Yongxing 

$9.50B

Real Time Net Worth
as of 5/27/2024
-$365 (-0.00%)
OccupationChair, East Hope Group
Source of WealthDiversified
Age75
ResidenceShanghai, China
Marital StatusMarried
Children1
Age-Adjusted Net Worth$3.44B
Liu Yongxing
Liu Yongxing
China
Net worth: $9.50B

Self-Made Score 

Wealth History

Hover or tap to reveal net worth by year
Loading Chart

Biography

Personal Life

Liu Yongxing was born in Sichuan, China, in June 1948.
He has three brothers: Liu Yongyan, Chen Yuxin, and Liu Yonghao, as well as one sister, Liu Yonghong.
The family started as farm workers with low social standing due to their background as wealthy landlords before the Cultural Revolution.
Liu Yongxing graduated from Xihua University in 1968.
His wife is a trained psychologist, and they have one child.
He currently resides in Shanghai.

Career

In the late 1970s, Liu Yongxing and his brothers founded an electronics company, which had to close due to being considered 'too capitalistic.'
In 1982, Liu Yongxing and his brothers started the 'Hope Group,' involved in raising quail and hatching chickens in Sichuan Province.
Hope Group split in 1995, with Liu Yongxing retaining parts of the agricultural business and entering the heavy chemical and aluminum industry.
In 1999, he relocated the East Hope headquarters to Shanghai.
He entered the aluminum industry in 2002.
Despite environmental criticism, Liu Yongxing emphasized adherence to stringent standards in the heavy chemical industry.
East Hope Group faced penalties for environmental violations in 2014, 2015, and 2016, including fines, production cuts, and technical upgrades.
In 2015, East Hope's Baotou plant received 4.2 billion yuan for environmental protection upgrades, and a new kiln for solid waste disposal was regarded as innovative.
On December 15, 2016, a red mud reservoir failure at East Hope’s Sanmenxia plant resulted in two fatalities. The company did not face reported repercussions for the accident.

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

If you started with $10,000 and invested an additional $500 each month at a 44.02% CAGR, it would take you 5 years to reach Liu Yongxing's net worth of $9.50B.

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 42.57% compared to 11.75% for the S&P 500 benchmark.

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

Liu Yongxing 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 Yongxing, Diversified 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