⬅ # 426 Benu Gopal Bangur|# 428 Pedro Moreira Salles

# 427 Wang Liping 

$7.07B

Real Time Net Worth
as of 5/18/2024
$53.0M (0.75%)

# 427 Wang Liping 

$7.07B

Real Time Net Worth
as of 5/18/2024
$53.0M (0.75%)
OccupationFounder and CEO, Jiangsu Hengli Hydraulic Co.
Source of WealthHydraulic Machinery
Age58
ResidenceChangzhou, China
Marital StatusMarried
Age-Adjusted Net Worth$8.10B
Wang Liping
Wang Liping
China
Net worth: $7.07B

Self-Made Score 

Wealth History

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Biography

Early Life and Career Beginnings

Wang Liping founded Jiangsu Hengli Hydraulic Co. Ltd. in 1990.
The company initially focused on producing hydraulic components and systems.

Company Overview

Jiangsu Hengli Hydraulic Co. Ltd. is a China-based company, primarily engaged in manufacturing and selling professional hydraulic components and hydraulic systems.
The company's products mainly include cylinders for diggers and nonstandard cylinders for heavy equipment.
The product range also includes hydraulic complete sets, oil cylinder parts, and hydraulic pump valves.

Company Growth and Expansion

Today, the company operates in over 20 countries with 11 bases and 7 research and development centers globally.
Jiangsu Hengli Hydraulic Co. Ltd. has over 7000 employees worldwide.
The company boasts partnerships with over 2000 entities across various industries.

Manufacturing and Product Line

After 25 years of innovation, Hengli has expanded its product line from hydrocylinders to hydraulic components, precision castings, pneumatic components, and hydraulic systems.
Hengli has made its way into the world's leading hydraulic manufacturers in terms of manufacturing scale and technical level.
The company's products are widely applied in engineering vehicles, port vessels, energy mining, tunnel machinery, and industrial manufacturing industries.

Clientele

Jiangsu Hengli Hydraulic Co. Ltd. serves prominent clients such as Caterpillar, Hitachi Construction Machinery, and Sany Heavy Industry.

How long would it take you to become as rich as Wang Liping?

If you started with $10,000 and invested an additional $500 each month at a 44.10% CAGR, it would take you 5 years to reach Wang Liping's net worth of $7.07B.

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 42.76% compared to 11.89% for the S&P 500 benchmark.

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Wang Liping 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 Wang Liping, Hydraulic Machinery 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