⬅ # 775 Daniel D'Aniello|# 777 Anu Aga

# 776 Yao Liangsong 

$4.24B

Real Time Net Worth
as of 5/18/2024
-$90 (-0.00%)

# 776 Yao Liangsong 

$4.24B

Real Time Net Worth
as of 5/18/2024
-$90 (-0.00%)
OccupationFounder and Chair, Oppein Home Group
Source of WealthFurniture
Age59
ResidenceGuangzhou, China
Age-Adjusted Net Worth$4.54B
Yao Liangsong
Yao Liangsong
China
Net worth: $4.24B

Self-Made Score 

Wealth History

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Biography

Overview

Yao Liangsong, chairman of Oppein Home Group, established the company in 1994, seizing the burgeoning demand for custom kitchen cabinets and home furniture in China.
Oppein Home Group has flourished under Yao's leadership, expanding to over 7,400 stores across more than 100 countries, becoming a leading player in the global kitchen cabinets industry.

Early Years

Founded Oppein Home Group in 1994, pioneering modern industrial kitchen manufacturing in China.
By 2001, Oppein became the largest cabinetry manufacturer in China.
Completed the construction of the 15,000 square meter Owell Stone plant in 1999.

Expansion and Growth

In 2003, established the first overseas office in the USA and was selected to the drafting team of Residential Kitchen Standards by the Ministry of Construction.
In 2006, Oppein was the first in the industry to be certified by the CCEL (China Certification for Environmental Labelling Products).
By 2007, Oppein was named 'China’s Top Brand' by the General Administration.

Corporate Milestones

Changed company name to OPPEIN Home Group Inc. in 2010.
In 2011, constructed a massive 500,000 square meter plant in Tianjin, China.
Expanded global presence with overseas offices in Kenya, India, Australia, and Malaysia in 2014.
Went public on the Shanghai Stock Exchange in 2017.

Product Innovation and Expansion

Launched secondary brand 'OPPOLIA' in 2015 to diversify product lines.
Collaborated with Italian designers and studios in 2013, setting up an office in Milan for cooperation promotion.
Introduced Full House Solution in 2014, expanding beyond kitchen cabinets.
Completed a 6,000 square meters showroom in 2012.

Recent Achievements

In 2021, Oppein won the Top 500 Most Valuable Chinese Brands with a market value of 49.351 billion CNY, becoming the No.1 brand in China's kitchen cabinets industry.
By 2018, Oppein had finished over 750,000 sets of kitchens and 1,050,000 pieces of home furniture, exporting to 150 countries and operating 6,000+ showrooms worldwide.
Global showrooms surpassed 4,200 by 2015.

Family and Associates

Yao Liangsong's brother, Yao Liangbo, serves as a director at Oppein.

How long would it take you to become as rich as Yao Liangsong?

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 Yao Liangsong's net worth of $4.24B.

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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Yao Liangsong 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 Yao Liangsong, Furniture 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