⬅ # 503 Frits Goldschmeding|# 505 Dirk Ziff

# 504 Qi Shi 

$6.24B

Real Time Net Worth
as of 5/29/2024
-$13.0M (-0.21%)

# 504 Qi Shi 

$6.24B

Real Time Net Worth
as of 5/29/2024
-$13.0M (-0.21%)
OccupationFounder and Chair, East Money Information
Source of WealthFinancial Information
Age54
ResidenceShanghai, China
Marital StatusMarried
EducationEMBA, Fudan University; BS, Shanghai Jiaotong University
Age-Adjusted Net Worth$9.36B
Qi Shi
Qi Shi
China
Net worth: $6.24B

Self-Made Score 

Wealth History

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Biography

Early Life

Qi Shi, born Shen Jun in October 1970, is a Chinese billionaire businessman.
He adopted the pen name Qi Shi, meaning 'in fact,' during his days as a financial columnist.
Qi Shi holds a bachelor's degree from Shanghai Jiaotong University and an executive MBA from Fudan University.

Career and Business Ventures

Qi Shi founded East Money Information in 2005, serving as its chairman.
East Money Information operates one of China's most popular financial and stock information websites.
The company, headquartered in Shanghai, reported revenue of 12.5 billion yuan ($1.9 billion) in 2022.
East Money Information offers financial news, stock information, and transaction assistance to investors.
Listed on the Shenzhen Stock Exchange, East Money Information caters to 23.6 million daily users as of July 2015.

How long would it take you to become as rich as Qi Shi?

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 Qi Shi's net worth of $6.24B.

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

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Qi Shi 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 Qi Shi, Financial Information 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