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Grizzly Bulls’ Billionaires Index

⬅ # 685 Li Xiang|# 687 Lino Saputo ➡

# 686 Yu Renrong 

$4.63B

Real Time Net Worth
as of 7/25/2024
$42.1M (0.91%)

# 686 Yu Renrong 

$4.63B

Real Time Net Worth
as of 7/25/2024
$42.1M (0.91%)
OccupationFounder and Chair, Will Semiconductor
Source of WealthSemiconductors
Age58
ResidenceNingbo, China
EducationBS in Engineering, Tsinghua University
Age-Adjusted Net Worth$5.30B
Yu Renrong
Yu Renrong
China
Net worth: $4.63B

Self-Made Score 

Wealth History

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Biography

Overview

Yu Renrong is the billionaire founder and chairman of Will Semiconductor, a leading fabless image sensor chip maker headquartered in Shanghai, China.
Will Semiconductor supplies image sensor chips to industries including smartphones and electric vehicles, positioning itself as one of the world's largest image sensor chip manufacturers.
Yu Renrong's journey to wealth began with his engineering career at Langchao, now known as Inspur, in China, before founding Will Semiconductor in 2007.

Early Life and Education

Yu Renrong pursued his engineering education in China, culminating in a graduation that led to his early career at Langchao, a prominent tech conglomerate.
He gained valuable experience in the tech industry, laying the foundation for his entrepreneurial endeavors.

Founding of Will Semiconductor

On May 15, 2007, Yu Renrong founded Will Semiconductor, aiming to establish a foothold in the semiconductor industry.
The company initially faced challenges in technological competitiveness, engaging primarily in low-tech distribution.
To bolster its position, Will Semiconductor embarked on a series of strategic acquisitions, signaling its intent to enhance its technological capabilities.

Acquisition of OmniVision

In May 2019, Will Semiconductor completed the acquisition of OmniVision, a U.S. semiconductor company, for $2.2 billion.
This acquisition enabled Will Semiconductor to enter the CMOS image sensor technology market and leverage OmniVision's technical expertise.
The move significantly enhanced Will Semiconductor's semiconductor design capabilities, marking a pivotal moment in its growth trajectory.

Public Offering and Expansion

On May 4, 2017, Will Semiconductor went public with its initial public offering on the Shanghai Stock Exchange, signaling its ambition for expansion.
In November 2023, the company held a global depository receipt (GDR) offering on the SIX Swiss Exchange, raising $445 million.
This offering represented China's largest GDR offering since 2005, reflecting Will Semiconductor's global aspirations and financial strength.

How long would it take you to become as rich as Yu Renrong?

If you started with $10,000 and invested an additional $500 each month at a 44.11% CAGR, it would take you 5 years to reach Yu Renrong's net worth of $4.63B.

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 52.22% compared to 16.62% for the S&P 500 benchmark.

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Yu Renrong 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 Yu Renrong, Semiconductors 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