⬅ # 825 Abdulla bin Ahmad Al Ghurair|# 827 Jean-Louis van der Velde

# 826 Tse Ping 

$3.90B

Real Time Net Worth
as of 5/27/2024
-$30.9M (-0.79%)

# 826 Tse Ping 

$3.90B

Real Time Net Worth
as of 5/27/2024
-$30.9M (-0.79%)
OccupationChair, Sino Biopharmaceuticals
Source of WealthPharmaceuticals
Age72
ResidenceHong Kong, Hong Kong
Marital StatusMarried
Children2
Age-Adjusted Net Worth$1.73B
Tse Ping
Tse Ping
China
Net worth: $3.90B

Self-Made Score 

Wealth History

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Biography

Overview

Tse Ping, a member of the billionaire Dhanin clan from Thailand, is renowned as the guiding force behind Hong Kong-listed Sino Biopharmaceutical.
Trapped in China during the Cultural Revolution, Tse missed out on college but eventually found success in the pharmaceutical industry.

Early Life and Education

Born into the Dhanin Family, a prominent Asian clan, Tse Ping remained in China during the 1950s while most family members immigrated to Thailand.
During the Mao-era Cultural Revolution, he was sent to the countryside from Shantou, missing out on college opportunities.
In the 1970s, he applied for immigration papers with the help of his family headquarters in Hong Kong and eventually moved there.

Early Career

Choosing to diverge from his family's agricultural business, Tse Ping was drawn to the pharmaceutical industry, recognizing its counter-cyclical nature during slower economic growth.
Accumulating over 21 years of pharmaceutical-related investment and management experience, he led Sino Biopharmaceutical to prominence.
Under his leadership, Sino Pharmaceuticals became a formidable competitor in hepatitis drugs and therapeutic microsphere targeted medicine markets.
Foreign interest in his progress was evident, with Goldman Sachs acquiring a 9% stake in Sino Biopharmaceuticals.

Achievements

In 2005, Sino Pharmaceuticals was honored with the Forbes Asia 'Best Under $1 billion enterprise within the Asia Pacific Region' award.
Recognized for his contributions, Tse Ping received the 'World Outstanding Chinese' award in January 2008 and an honorary Doctorate degree from the University of West Alabama, USA.
In December 2008, he was bestowed with the '2007-2008 Asian Knowledge Management Academicians' award by the Asian Knowledge Management Association.

Personal Life

Transitioning from pouring tea in his family's Hong Kong headquarters to becoming chairman of his own firm, Tse Ping embodies perseverance and determination.
Despite his remarkable success, Tse maintains a private life, residing with his family in Hong Kong.

How long would it take you to become as rich as Tse Ping?

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 Tse Ping's net worth of $3.90B.

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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Tse Ping 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 Tse Ping, 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