⬅ # 160 Hasso Plattner|# 162 Andrew Beal

# 161 Yu Yong 


Real Time Net Worth
as of 7/12/2024
-$91.4M (-0.75%)

# 161 Yu Yong 


Real Time Net Worth
as of 7/12/2024
-$91.4M (-0.75%)
OccupationFounder and CEO, CMOC Group
Source of WealthMining
ResidenceShanghai, China
Marital StatusMarried
Age-Adjusted Net Worth$9.94B
Yu Yong
Yu Yong
Net worth: $12.2B

Self-Made Score 

Wealth History

Hover or tap to reveal net worth by year
Loading Chart



Yu Yong, born in 1961 in China, is a prominent Chinese businessman.
He is the founder and head of Cathay Fortune Corp., also known as Hongshang Industrial Holdings Group, with operations based in Shanghai.

Business Ventures and Investments

Yu Yong's wealth primarily comes from his holdings in CMOC Group, formerly China Molybdenum, one of the world's largest molybdenum producers.
He owns a stake in CATL, a global lithium-ion battery leader.
His investment holding firm, Cathay Fortune, is an early investor in Zeekr, an electric vehicle brand under China's Geely, which plans a spin-off and separate listing in the U.S.
Cathay Fortune made a hostile bid of AUS$830 million to takeover Discovery Metals in 2012, funded by loans from the China-Africa Development Fund, but withdrew due to concerns about the Boseto copper project in Botswana.
Yu acquired a 1.69% stake in CATL through a pre-IPO sale before its public offering in 2018.
Cathay Fortune, Yu's holding company, is the largest shareholder at 40% of China Express Airlines.
Beyond mining, Yu has investments in real estate development in Shanghai and is involved in the financial services sector with investments in several Chinese banks and financial institutions.


Yu faced resistance from the Australian government and shareholders for his hostile bid for Discovery Metals.
His involvement in the Boseto copper project in Botswana drew criticism for its potential negative impact on the local environment and communities.

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

If you started with $10,000 and invested an additional $500 each month at a 44.15% CAGR, it would take you 5 years to reach Yu Yong's net worth of $12.2B.

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 51.86% compared to 19.03% for the S&P 500 benchmark.

Enter data in all but one field below, then calculate the missing value

Yu Yong 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 Yong, Mining 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