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Grizzly Bulls’ Billionaires Index

⬅ # 379 Ruan Xueping|# 381 John Collison ➡

# 380 Pei Zhenhua 

$7.24B

Real Time Net Worth
as of 5/15/2024
-$44.4M (-0.61%)

# 380 Pei Zhenhua 

$7.24B

Real Time Net Worth
as of 5/15/2024
-$44.4M (-0.61%)
OccupationPartial Owner, CATL; Chair, TA&A Ultra Clean Technology
Source of WealthBatteries
Age65
ResidenceNingde, China
Age-Adjusted Net Worth$5.16B
Pei Zhenhua
Pei Zhenhua
China
Net worth: $7.24B

Self-Made Score 

Wealth History

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Biography

Overview

Pei Zhenhua is a billionaire known for his significant holdings in Contemporary Amperex Technology (CATL), the world's largest supplier of electric vehicle batteries.
He also serves as the chairman of Suzhou TA&A Ultra Clean Technology, a company specializing in cleanroom products for high-tech manufacturers.
Pei began his career at the Jiangsu Textile Research Institute before founding Suzhou TA&A in 1997.

CATL Holdings

Pei Zhenhua holds substantial shares in Contemporary Amperex Technology Co. Limited (CATL), a Chinese battery manufacturer and technology company founded in 2011.
CATL is renowned for its expertise in lithium-ion batteries for electric vehicles and energy storage systems, capturing a global market share of around 37% in 2023.
The company, headquartered in Ningde, Fujian province, reported revenue of 328.6 billion yuan ($48.9 billion) in 2022.

Career Path

Pei Zhenhua's career trajectory includes his tenure at the Jiangsu Textile Research Institute and his subsequent founding of Suzhou TA&A Ultra Clean Technology in 1997.
His leadership roles extend to chairing Suzhou TA&A and holding significant shares in CATL, demonstrating his diverse business interests.
Under his guidance, CATL has become a dominant force in the electric vehicle battery market, leveraging China's stronghold in the battery manufacturing supply chain.

CATL's Growth and Achievements

CATL emerged as a leading battery provider due to its early investments in EV battery technologies amidst the rise of electric vehicles.
The company's strategic diversification efforts, including overseas expansion and technological advancements, have solidified its position in the market.
In 2022, CATL ranked first globally with a market share of 34%, indicating its sustained growth and competitiveness in the industry.

How long would it take you to become as rich as Pei Zhenhua?

If you started with $10,000 and invested an additional $500 each month at a 44.01% CAGR, it would take you 5 years to reach Pei Zhenhua's net worth of $7.24B.

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 40.45% compared to 10.08% for the S&P 500 benchmark.

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Pei Zhenhua 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 Pei Zhenhua, Batteries 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