⬅ # 268 Marie-Hélène Habert-Dassault|# 270 Giancarlo Devasini

# 269 Sun Piaoyang 

$9.25B

Real Time Net Worth
as of 4/12/2024
-$161.8M (-1.75%)

# 269 Sun Piaoyang 

$9.25B

Real Time Net Worth
as of 4/12/2024
-$161.8M (-1.75%)
Source of WealthPharmaceuticals
Age65
ResidenceLianyungang, China
Marital StatusMarried
Children1
EducationBS, China Pharmaceutical University; Doctorate, Nanjing University
Age-Adjusted Net Worth$6.59B
Sun Piaoyang
Sun Piaoyang
China
Net worth: $9.25B

Self-Made Score 

Wealth History

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Biography

Early Life

Sun Piaoyang, born in 1958, is a Chinese pharmaceutical executive and billionaire.
He holds a bachelor's degree from China Pharmaceutical University and a doctoral degree from Nanjing University.
In 1990, at the age of 32, Sun took over the leadership of Jiangsu Hengrui Medicine.
Under Sun's leadership, Jiangsu Hengrui Medicine transformed into one of China's largest producers of anti-infection and anti-cancer medicines.

Leadership at Jiangsu Hengrui

Sun Piaoyang became the chairman of Jiangsu Hengrui Medicine in 1990, overseeing its growth and development.
Jiangsu Hengrui is a Chinese pharmaceutical company known for manufacturing and distributing various drug types, including anti-cancer medications, cardiovascular drugs, painkillers, and antibiotics.
As of now, Jiangsu Hengrui is the largest listed pharmaceutical company in China.

Family and Business Connections

Sun Piaoyang's wife, Zhong Huijuan, is a billionaire and serves as the chairwoman and CEO of Hansoh Pharmaceutical.
Hansoh Pharmaceutical, a drug maker, was listed on the Hong Kong Stock Exchange in June 2019.
Sun and Zhong have one child, Sun Yuan.

How long would it take you to become as rich as Sun Piaoyang?

If you started with $10,000 and invested an additional $500 each month at a 44.18% CAGR, it would take you 5 years to reach Sun Piaoyang's net worth of $9.25B.

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 36.27% compared to 8.51% for the S&P 500 benchmark.

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Sun Piaoyang 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 Sun Piaoyang, Pharmaceuticals 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