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Grizzly Bulls’ Billionaires Index

⬅ # 531 Richard Tsai|# 533 Thomas Kirk Kristiansen ➡

# 532 Ma Jianrong 

$6.08B

Real Time Net Worth
as of 11/18/2024
$82.0M (1.35%)

# 532 Ma Jianrong 

$6.08B

Real Time Net Worth
as of 11/18/2024
$82.0M (1.35%)
OccupationChair, Shenzhou International
Source of WealthTextiles, Apparel
Age60
ResidenceNingbo, China
Marital StatusMarried
Age-Adjusted Net Worth$6.08B
Ma Jianrong
Ma Jianrong
China
Net worth: $6.08B

Self-Made Score 

TAG Heuer Formula 1 Watch

Wealth History

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Biography

Early Life

Ma Jianrong was born in 1965 in Shaoxing, Zhejiang province, China.
At the age of 13, Ma began his career in the textile industry in China as an apprentice.

Career

Ma worked for Shaoxing Cotton Mill and Hangzhou Linping Knitting and Garment Plant in China before joining Shenzhou International Group.
In 1989, Ma joined Shenzhou International Group and started as the manager of the knitting and weaving department.
In April 2005, Ma assumed the role of acting chairman of Ningbo Shenzhou Knitting Co., Ltd.
Ma Jianrong rose from a factory worker to become the chairman of Shenzhou International Group Holdings Limited, a major knitwear and garments manufacturer based in China.
Shenzhou International Group Holdings, chaired by Ma, is one of the world's largest makers of knitwear and garments, with plants in China, Vietnam, and Cambodia.
The bulk of Shenzhou's revenue comes from overseas markets, and its prominent customers include Nike, Uniqlo, and Adidas.

Personal Life

Ma resides in Ningbo, Zhejiang province, China, and is married.

Family Ties

Ma's brother-in-law, Huang Guanlin, serves as Shenzhou's general manager and an executive director.

Ma Jianrong's Wealth is Equivalent to:

4,682,833 Herman Miller Aeron Chairs

Herman Miller Aeron Chair

1,150,993 Gold Bars (50 gram)

24K Solid 50g Gold Ingot

62,170 Tiny Homes

Tiny House, Two Bedroom Solar Prefab Home

How long would it take you to become as rich as Ma Jianrong?

If you started with $10,000 and invested an additional $500 each month at a 43.43% CAGR, it would take you 5 years to reach Ma Jianrong's net worth of $6.08B.

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 58.67% compared to 23.91% for the S&P 500 benchmark.

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

Ma Jianrong 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 Ma Jianrong, Textiles and Apparel are the primary sources. 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