⬅ # 953 G. M. Rao|# 955 Eduardo Eurnekian

# 954 Yi Zheng 

$3.42B

Real Time Net Worth
as of 6/14/2024
$80.1M (2.34%)

# 954 Yi Zheng 

$3.42B

Real Time Net Worth
as of 6/14/2024
$80.1M (2.34%)
OccupationFounder, President, and Chair of Hithink RoyalFlush Information Network
Source of WealthSoftware
Age53
ResidenceHangzhou, China
EducationBS, Zhejiang University
Age-Adjusted Net Worth$5.49B
Yi Zheng
Yi Zheng
China
Net worth: $3.42B

Self-Made Score 

Wealth History

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Biography

Overview

Yi Zheng is the billionaire chairman of Hithink RoyalFlush Information Network, a prominent financial data supplier listed in Shenzhen.
He co-founded his first IT venture in October 1994 and played a key role in establishing Shanghai Hexin, which later evolved into Hithink.
Hithink's services cater to over 90% of China's securities firms, with nearly 20 million weekly active users, providing online financial information, analytical tools, and trading systems.

Early Ventures

Yi Zheng embarked on his entrepreneurial journey by co-founding his initial IT company in October 1994.
He was instrumental in the establishment of Shanghai Hexin in 2001, laying the foundation for what would become Hithink RoyalFlush Information Network.
These ventures marked his foray into the financial technology sector, setting the stage for his later success.

Company Overview

Hithink RoyalFlush Information Network, chaired by Yi Zheng, is headquartered in Hangzhou, China, and provides a range of financial services.
The company is a key player in the Chinese financial market, serving as a leading financial technology firm.
Their flagship product, Hithink Royal Flush Information Network, offers real-time financial data, news, research reports, and trading tools, widely utilized by financial institutions and investors.
In addition to financial information and trading services, Hithink Financial Services, Inc., a subsidiary, provides wealth management, asset management, and financial advisory services.
Founded in 2010, Hithink Financial Services, Inc. is based in Illinois, USA, extending the company's global presence.
Yi Zheng's leadership has contributed significantly to Hithink's growth and reputation in the financial technology sector.

How long would it take you to become as rich as Yi Zheng?

If you started with $10,000 and invested an additional $500 each month at a 43.94% CAGR, it would take you 5 years to reach Yi Zheng's net worth of $3.42B.

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 43.45% compared to 12.43% for the S&P 500 benchmark.

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Yi Zheng 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 Yi Zheng, Software 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