⬅ # 508 You Xiaoping|# 510 Erich Wesjohann

# 509 Shen Guojun 

$5.88B

Real Time Net Worth
as of 6/24/2024
-$1.1M (-0.02%)

# 509 Shen Guojun 

$5.88B

Real Time Net Worth
as of 6/24/2024
-$1.1M (-0.02%)
OccupationFounder and Chair, Yintai Group
Source of WealthRetail
Age61
ResidenceBeijing, China
Marital StatusMarried
Children1
EducationMA, Zhongnan University of Economics and Law
Age-Adjusted Net Worth$5.49B
Shen Guojun
Shen Guojun
China
Net worth: $5.88B

Self-Made Score 

Wealth History

Hover or tap to reveal net worth by year
Loading Chart

Biography

Overview

Shen Guojun founded Yintai Group in 1997, focusing on industrial development and investment.
Yintai Group operates in retail, real estate, mining, and equity investment sectors.
Shen holds a stake in Cainiao, Alibaba's logistics arm.
In 2017, Shen and Alibaba privatized Intime, valuing it at $2.6 billion.
Before entrepreneurship, Shen worked in a state-run bank.
Yintai Group comprises Intime Retail Group, Yintai Land Group, Yintai Resources Group, and Yintai Tourism Group.

Positions and Affiliations

Shen is a member of the CPPCC and China Zhigong Party.
He serves as Executive Chairman of the General Association of Zhejiang Entrepreneurs.
Shen is President of the General Association of Ningbo Entrepreneurs.
Shen founded and is Honorary President of Yintai Foundation.
He is Executive Chairman of The Paradise Foundation.

Philanthropic Initiatives

Yintai Foundation focuses on ecological protection, livelihood assistance, and rural revitalization.

How long would it take you to become as rich as Shen Guojun?

If you started with $10,000 and invested an additional $500 each month at a 44.13% CAGR, it would take you 5 years to reach Shen Guojun's net worth of $5.88B.

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 48.35% compared to 16.28% for the S&P 500 benchmark.

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

Shen Guojun 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 Shen Guojun, Retail 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