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Grizzly Bulls’ Billionaires Index

⬅ # 381 Anthony Bamford|# 383 David Steward ➡

# 382 Wang Yusuo 

$7.33B

Real Time Net Worth
as of 7/25/2024
-$50.5M (-0.69%)

# 382 Wang Yusuo 

$7.33B

Real Time Net Worth
as of 7/25/2024
-$50.5M (-0.69%)
OccupationFounder and Chair, ENN Group
Source of WealthNatural Gas Distribution
Age60
ResidenceLangfang, China
Marital StatusMarried
EducationBS, People's University of China; Doctorate, Tianjin University
Age-Adjusted Net Worth$7.33B
Wang Yusuo
Wang Yusuo
China
Net worth: $7.33B

Self-Made Score 

Wealth History

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Biography

Early Life and Education

Wang Yusuo was born in 1964 in China.
He holds a bachelor's degree from the People's University of China and a doctorate from Tianjin University.

Career and Business Ventures

Wang Yusuo founded ENN Group, a Chinese energy company, in 1993.
ENN Group, under Wang's leadership, expanded from natural gas into solar energy, energy chemicals, and real estate.
ENN Group is among China's largest private companies, with over 40,000 employees.
The main listed companies under ENN Group include ENN Natural Gas, ENN Energy Holdings, and ENC Digital Technology.
ENN Natural Gas, a key subsidiary, held 10% of the Chinese market volume in 2022.

Role and Responsibilities

Wang Yusuo serves as the Executive Chairman of the Board of ENN Group, overseeing strategic planning and leadership.
With over 30 years of experience in investment and gas business management in China, Wang provides invaluable expertise.
He is also the Chairman and controlling shareholder of ENN Group International Investment Limited.
Furthermore, Wang chairs ENN Ecological Holdings Co., Ltd. and serves as a Director of ENC Data Technology Co., Ltd.
Additionally, he holds a position as a Non-executive Director of Legend Holdings Corporation.

Family and Personal Life

Wang Yusuo's son, Wang Zizheng, is a director on the board of ENN Group, continuing the family's involvement in the business.
He is married and lives with his family in Langfang, China.

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

If you started with $10,000 and invested an additional $500 each month at a 44.11% CAGR, it would take you 5 years to reach Wang Yusuo's net worth of $7.33B.

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 52.22% compared to 16.62% for the S&P 500 benchmark.

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

Wang Yusuo 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 Yusuo, Natural Gas Distribution 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