⬅ # 622 Winnie Johnson-Marquart|# 624 Hansjoerg Wyss

# 623 Wu Jianshu 

$4.95B

Real Time Net Worth
as of 7/12/2024
$88.3M (1.78%)

# 623 Wu Jianshu 

$4.95B

Real Time Net Worth
as of 7/12/2024
$88.3M (1.78%)
OccupationChair, Ningbo Tuopu Group
Source of WealthAuto Parts
Age60
ResidenceNingbo, China
Age-Adjusted Net Worth$4.95B
Wu Jianshu
Wu Jianshu
Hong Kong
Net worth: $4.95B

Self-Made Score 

Wealth History

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Biography

Overview

Wu Jianshu is the chairman of Ningbo Tuopu Group, a prominent supplier of automotive vibration, acoustic, and suspension products.
Ningbo Tuopu Group, headquartered in Ningbo, China, was established in 1983.
The company initially served Chrysler and has since expanded its clientele to include Audi, BMW, BYD, Honda, Ford, General Motors, and others.
In 2022, Ningbo Tuopu Group reported revenue of 16 billion yuan ($2.4 billion).
Tuopu Group is listed on the Shanghai Stock Exchange under the stock code 601689.
The company's business divisions include Power Chassis System, Interior & Exterior System, Ushone, and Drive Business Division.

Career and Achievements

Wu Jianshu has led Ningbo Tuopu Group to become a technology platform-oriented auto parts company with a focus on R&D and manufacturing.
Under Wu's leadership, Tuopu Group has diversified its offerings to include vibration control systems, interior and exterior systems, body lightweight solutions, chassis systems, smart cockpit components, thermal management systems, air suspension systems, intelligent driving systems, actuators, and more.
The company's commitment to R&D and innovation is evident through its well-equipped test centers and global R&D centers supporting various projects.
Tuopu Group has established strong partnerships with numerous domestic and international auto manufacturers, including Audi, BMW, Stellantis, General Motors, Geely, Ford, Mercedes-Benz, Volkswagen, HiPhi, LI, XPeng, Rivian, Lucid, among others.
Under Wu's leadership, Ningbo Tuopu Group has become a global partner to leading automotive manufacturers.
Wu's strategic vision has propelled Tuopu Group's revenue to significant heights, making it one of the key players in the automotive parts industry.

How long would it take you to become as rich as Wu Jianshu?

If you started with $10,000 and invested an additional $500 each month at a 44.15% CAGR, it would take you 5 years to reach Wu Jianshu's net worth of $4.95B.

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 51.86% compared to 19.03% for the S&P 500 benchmark.

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Wu Jianshu 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 Wu Jianshu, Auto Parts 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