⬅ # 56 Lukas Walton|# 58 Robin Zeng

# 57 William Ding 

$28.4B

Real Time Net Worth
as of 4/12/2024
-$1.4B (-4.90%)

# 57 William Ding 

$28.4B

Real Time Net Worth
as of 4/12/2024
-$1.4B (-4.90%)
OccupationFounder and CEO, NetEase
Source of WealthNetEase, online games
Age52
ResidenceHangzhou, China
Children3
EducationBS, University of Electronic Science and Technology of China
Age-Adjusted Net Worth$48.7B
William Ding
William Ding
China
Net worth: $28.4B

Self-Made Score 

Wealth History

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Biography

William Ding, full name Ding Lei, was born on October 1, 1971, in Ningbo, Zhejiang, China.
He earned a bachelor's degree in Communication Technology from the Department of Electronic Engineering at Chengdu College of Science and Engineering in 1991.
In 1998, Ding founded NetEase, initially as an internet portal, but later transformed it into a leading online gaming and entertainment company.
Under Ding's leadership, NetEase became one of the pioneers in the Chinese online gaming industry, producing popular titles like Fantasy Westward Journey and Westward Journey Online.
He guided NetEase to expand its business into e-commerce, online education, music streaming, and other diversified ventures, contributing to the company's overall success.
Ding led NetEase to list on the NASDAQ stock exchange in 2000, marking a significant milestone for the company.
Known for his strategic vision, Ding played a key role in forging partnerships with global gaming companies, enhancing NetEase's international presence.
In addition to business success, Ding has been recognized for his philanthropic efforts, including substantial donations to education and healthcare causes.
Ding is known for maintaining a relatively private personal life, focusing on his work and the development of NetEase.

How long would it take you to become as rich as William Ding?

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 William Ding's net worth of $28.4B.

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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William Ding 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 William Ding, NetEase and online games are the primary sources. 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