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Grizzly Bulls’ Billionaires Index

⬅ # 513 Bin Lin|# 515 Vinod Rai Gupta ➡

# 514 You Xiaoping 

$5.77B

Real Time Net Worth
as of 7/2/2024
-$150.4M (-2.61%)

# 514 You Xiaoping 

$5.77B

Real Time Net Worth
as of 7/2/2024
-$150.4M (-2.61%)
OccupationChair and President, Huafon Group
Source of WealthPolyurethanes
Age66
ResidenceWenzhou, China
Marital StatusMarried
Children2
Age-Adjusted Net Worth$3.85B
You Xiaoping
You Xiaoping
China
Net worth: $5.77B

Self-Made Score 

Wealth History

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Biography

Overview

You Xiaoping is the Chairman of the Board and President of Huafon Group, a prominent figure in the chemical industry.
He served as the vice director of Ruian No.7 Plastic factory from 1984 to 1991, showcasing his early career involvement in plastics manufacturing.
Transitioning to leadership roles, You Xiaoping became the director of Ruian No.10 Plastic factory from August 1991 to December 1995.
In December 1995, he assumed the position of Chairman of the Board of Huafon Group Co. Ltd, demonstrating his longstanding commitment to the company's growth and development.
Continuing his leadership journey, You Xiaoping has held the position of Chairman of the Board and President of Huafon Group since December 2006.
He has also been the Chairman of the Board of Huafon Spandex Corp. Ltd since December 1999, showcasing his extensive experience in the chemical and materials sector.

Huafon Group

Huafon Group, chaired by You Xiaoping, is a leading private shareholding enterprise established in May 1991, specializing in chemical new material industries.
With a workforce exceeding 14,000 employees, Huafon Group achieved a turnover of 38.28 billion Yuan in 2019, indicating its significant economic impact and scale.
The enterprise boasts production bases in six provinces and cities, demonstrating its expansive geographical reach and operational capacity.
Huafon Group is not solely focused on chemical industries but also ventures into ancillary sectors such as metals, finance, logistics, and trade, showcasing its diversification strategy under You Xiaoping's leadership.
As the largest domestic manufacturer of polyurethane (PU) products, Huafon Group emphasizes innovation and sustainable development, aligning with You Xiaoping's vision for the company's growth and impact.
The company is committed to R&D, evident from its establishment of a National Enterprise Technical Center, an Industry R&D Center, and three Provincial Research Institutes.

Enterprise Strategies and Honors

Huafon Group under You Xiaoping's leadership adheres to three major strategies: strengthening main business, optimizing business diversification, and integrating industry and finance, demonstrating his strategic acumen.
The company promotes four great innovations in technology, system, management, and culture, showcasing its commitment to continuous improvement and excellence.
You Xiaoping's leadership has earned Huafon Group various honors, including recognition as a National Excellent Builder of Socialism with Chinese Characteristics and Zhejiang Provincial Excellent Builder of Socialism.
He has held esteemed positions such as Deputy to The Eleventh National People’s Congress, Vice President of China Petroleum and Chemical Industry Association, and Vice President of Wenzhou Business Association, indicating his influence and contributions beyond the realm of business.
You Xiaoping's leadership philosophy emphasizes civilization construction policies centered on people foremost, spirit building, self-improvement, and fostering external image, aligning with Huafon Group's ethos of continuous advancement and recognition.

How long would it take you to become as rich as You Xiaoping?

If you started with $10,000 and invested an additional $500 each month at a 44.06% CAGR, it would take you 5 years to reach You Xiaoping's net worth of $5.77B.

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 48.24% compared to 16.19% for the S&P 500 benchmark.

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You Xiaoping 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 You Xiaoping, Polyurethanes 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