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Grizzly Bulls’ Billionaires Index

⬅ # 607 Russ Weiner|# 609 Thomas Secunda ➡

# 608 Zeng Fangqin 

$5.38B

Real Time Net Worth
as of 12/23/2024
$64.9M (1.21%)

# 608 Zeng Fangqin 

$5.38B

Real Time Net Worth
as of 12/23/2024
$64.9M (1.21%)
OccupationChair and President, Lingyi Technology
Source of WealthSmartphone Components
Age58
ResidenceShenzhen, China
Age-Adjusted Net Worth$6.16B
Zeng Fangqin
Zeng Fangqin
Hong Kong
Net worth: $5.38B

Self-Made Score 

Rado True Square Swiss Automatic Watch with Ceramic Strap

Wealth History

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Biography

Overview

Zeng Fangqin is the chairwoman of Lingyi Technology, a global leader in precision electronic components for consumer electronics.
Lingyi Technology, under Zeng's leadership, offers one-stop smart manufacturing services for smartphones, tablets, and laptops, with its products utilized by industry giants like Apple and Huawei.
Zeng began her career in Silicon Valley before returning to China to spearhead Lingyi's growth.
In March 2018, Zeng oversaw Lingyi Technology's backdoor listing on the Shenzhen Stock Exchange, raising approximately $3.2 billion.

Career Trajectory

Zeng commenced her career in Silicon Valley before transitioning back to China, where she assumed a pivotal role in Lingyi Technology.
Under her leadership, Lingyi Technology emerged as a global leader in precision electronic components, serving prominent clients such as Apple and Huawei.
Her strategic vision and business acumen were instrumental in steering Lingyi through significant milestones, including its 2018 listing on the Shenzhen Stock Exchange.
Zeng's expertise in smart manufacturing services and industry vertical integration propelled Lingyi's growth and market dominance.

Business Ventures

Zeng Fangqin chairs Lingyi Technology, a subsidiary of Leader Investment (Shenzhen) Co., Ltd., based in Jiangmen, China.
Lingyi iTech specializes in providing smart manufacturing services and solutions, offering a range of precision electronic components for consumer electronics.
The company's product portfolio includes permanent magnet ferrite components, soft magnetic ferrite components, thermal materials, and conductive materials.
Lingyi Technology's offerings encompass upstream materials, midstream precision components, and downstream modules and chargers, catering to diverse global markets including Japan, Europe, and the United States.
Zeng's leadership has facilitated Lingyi's expansion into emerging sectors like new energy vehicles, photovoltaics, and energy storage, solidifying its position as an industry innovator.
Lingyi iTech's commitment to quality, craftsmanship, and technological advancement has set industry standards, contributing to its inclusion in prestigious rankings such as the Fortune China 500 and China Top 500 Private Enterprises.

Financial Performance

Lingyi Technology achieved significant financial milestones under Zeng Fangqin's leadership.
In 2022, the company's operating income surpassed 34.485 billion RMB, marking a 13.49% year-on-year increase.
During the same period, net profit attributable to shareholders soared to 1.596 billion RMB, reflecting a substantial year-on-year growth of 35.25%.
In the first half of 2023, Lingyi continued its robust performance, with operating income exceeding 15.289 billion RMB, representing a 3.27% increase compared to the previous year.
Net profit attributable to shareholders during this period surged to 1.248 billion RMB, demonstrating an impressive growth rate of 159.29% year-on-year.
These financial achievements underscore Zeng's effective stewardship and Lingyi's sustained market competitiveness.

Zeng Fangqin's Wealth is Equivalent to:

4,142,417 Herman Miller Aeron Chairs

Herman Miller Aeron Chair

1,018,165 Gold Bars (50 gram)

24K Solid 50g Gold Ingot

54,995 Tiny Homes

Tiny House, Two Bedroom Solar Prefab Home

How long would it take you to become as rich as Zeng Fangqin?

If you started with $10,000 and invested an additional $500 each month at a 42.82% CAGR, it would take you 5 years to reach Zeng Fangqin's net worth of $5.38B.

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 67.72% compared to 25.94% for the S&P 500 benchmark.

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Zeng Fangqin 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 Zeng Fangqin, Smartphone Components 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.

Affiliate Disclosure: Some of the links on this page are affiliate links. This means that, at no additional cost to you, we may earn a commission if you click through and make a purchase. We only recommend products or services we believe will add value to our readers.

Edited by: Lee Bailey