⬅ # 342 Daniel Kretinsky|# 344 Rahel Blocher

# 343 Xu Shihui 


Real Time Net Worth
as of 5/18/2024
$150 (0.00%)

# 343 Xu Shihui 


Real Time Net Worth
as of 5/18/2024
$150 (0.00%)
OccupationFounder and Chair, Dali Foods Group
Source of WealthSnacks, Beverages
ResidenceQuanzhou, China
Marital StatusMarried
Age-Adjusted Net Worth$5.42B
Xu Shihui
Xu Shihui
Net worth: $8.13B

Self-Made Score 

Wealth History

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Early Life and Career Beginnings

Xu Shihui was born in 1958 in Hui'an, Fujian province.
His father worked as a laborer.
Xu started his career at Dali, a collective cookie business in Quanzhou.
Xu's strategic efforts led to the transformation of Dali into Fujian Dali Foods Group.
Since 1992, he has held the position of chairman within the company.

Business Ventures and Achievements

Under Xu's leadership, Dali Foods Group went public on the Hong Kong Stock Exchange in 2015.
The company is renowned for brands such as Copico potato chips, Heqizheng herbal tea, and Haochidian soda crackers.

Privatization and Corporate Strategy

In July 2023, Xu announced plans to delist Dali Foods Group from the Hong Kong Stock Exchange.
Shareholders approved the privatization deal in August 2023.
Xu proposed a buyout valued at $6.6 billion, offering a 38% premium on the closing price.

Personal Life and Family

Xu Shihui resides in Quanzhou, China.
He is married to Chen Liling.
The couple has a daughter named Xu Yangyang.

How long would it take you to become as rich as Xu Shihui?

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 Xu Shihui's net worth of $8.13B.

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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Xu Shihui 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 Xu Shihui, Snacks and Beverages 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