⬅ # 320 David Reuben|# 322 Ken Fisher

# 321 Pang Kang 

$8.19B

Real Time Net Worth
as of 4/23/2024
-$9.4M (-0.11%)

# 321 Pang Kang 

$8.19B

Real Time Net Worth
as of 4/23/2024
-$9.4M (-0.11%)
OccupationChair, Foshan Haitian Flavoring & Food
Source of WealthSoy Sauce
Age68
ResidenceFoshan, China
Marital StatusMarried
ChildrenNone
Age-Adjusted Net Worth$4.77B
Pang Kang
Pang Kang
China
Net worth: $8.19B

Self-Made Score 

Wealth History

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Biography

Pang Kang, born in 1956, is a Chinese billionaire businessman.
He began his career as an executive of the collective Hai Tian Sauce Shop.
In 1995, Pang Kang played a pivotal role in transitioning the collective into a limited company, investing $60K to become a shareholder.
Under his leadership, the company evolved into Foshan Haitian Flavoring & Food.
Foshan Haitian Flavoring & Food, one of China's largest soy sauce suppliers, traces its roots back to the flourishing days of the Foshan Sauce Shop during the Qianlong era in the mid-Qing Dynasty.
The company went public on the Shanghai Stock Exchange in 2014 with Pang Kang as its chairman.

How long would it take you to become as rich as Pang Kang?

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 Pang Kang's net worth of $8.19B.

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.

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Pang Kang 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 Pang Kang, Soy Sauce 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