⬅ # 110 John Fredriksen|# 112 Andy Bechtolsheim

# 111 Qin Yinglin 

$17.4B

Real Time Net Worth
as of 6/14/2024
$200.1M (1.15%)

# 111 Qin Yinglin 

$17.4B

Real Time Net Worth
as of 6/14/2024
$200.1M (1.15%)
OccupationFounder, Chair & CEO of Muyuan Foodstuff
Source of WealthPig Breeding
Age59
ResidenceNanyang, China
Marital StatusMarried
Children1
Age-Adjusted Net Worth$18.6B
Qin Yinglin
Qin Yinglin
China
Net worth: $17.4B

Self-Made Score 

Wealth History

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Biography

Overview

Qin Yinglin, born in 1965 in Hexi Village, Neixiang County, Henan, is a Chinese billionaire, Communist Party member, and the world's richest farmer.
Motivated by his father's failed attempt at pig farming, Qin studied animal husbandry at Henan Agricultural University, graduating in 1989.
In 1992, at the age of 27, Qin and his wife, Qian Ying, started their pork business in his hometown with only 22 pigs.
The business, initially modest, grew rapidly, reaching 2,000 pigs by 1994 and 10,000 by 1997.
In 2000, Qin founded Muyuan Farming, later becoming Muyuan Foodstuff, now one of China's largest pig breeders and pork producers.
Muyuan went public on the Shenzhen Stock Exchange on January 28, 2014.

Early Life and Education

Qin grew up in poverty in Hexi Village, and his father's attempt at pig farming in 1982 influenced Qin's career choice.
In 1985, he was accepted to Henan Agricultural University, graduating in 1989 with a degree in animal husbandry.

Career

After graduating, Qin worked at Nanyang Food Company, where he met his future wife, Qian Ying, who studied veterinary science.
In 1992, Qin and Qian left their jobs to start a pork business in Qin's hometown with 22 pigs.
Muyuan Foodstuff experienced rapid growth, raising over a million pigs annually by 2013.
The company's stock price surged during the African swine fever outbreak in 2019 and the COVID-19 pandemic in 2020.
Muyuan's success during the swine fever crisis was attributed to owning more facilities, enabling better disease control.
Qin Yinglin, as the president and chair of Muyuan Foodstuff, played a key role in the company's strategic response to crises.

Muyuan Foodstuff

Muyuan Foodstuff, chaired by Qin Yinglin, is the largest pig breeder in China, slaughtering five million pigs annually as of 2019.
The company's stock (002714.SZ) is listed on the Shenzhen Stock Exchange, with plans for an IPO in Switzerland.
Muyuan's success is tied to its ability to adapt and thrive during industry challenges, such as the swine fever outbreak and the COVID-19 pandemic.

How long would it take you to become as rich as Qin Yinglin?

If you started with $10,000 and invested an additional $500 each month at a 43.94% CAGR, it would take you 5 years to reach Qin Yinglin's net worth of $17.4B.

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 43.45% compared to 12.43% for the S&P 500 benchmark.

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Qin Yinglin 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 Qin Yinglin, Pig Breeding 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