⬅ # 295 Piero Ferrari|# 297 Iskander Makhmudov ➡

# 296 Zhang Congyuan 

$8.61B

Real Time Net Worth
as of 7/2/2024
-$218.6M (-2.54%)

# 296 Zhang Congyuan 

$8.61B

Real Time Net Worth
as of 7/2/2024
-$218.6M (-2.54%)
OccupationFounder, Huali Industrial
Source of WealthShoes
Age76
ResidenceTaoyuan, Taiwan
Marital StatusMarried
Age-Adjusted Net Worth$2.92B
Zhang Congyuan
Zhang Congyuan
Taiwan
Net worth: $8.61B

Self-Made Score 

Wealth History

Hover or tap to reveal net worth by year
Loading Chart

Biography

Overview

Zhang Congyuan, born in 1948, is a Taiwanese billionaire and businessman.
He hails from a farming family in the Taiwanese countryside.
After completing his education at a junior agricultural college, Zhang began his career at a women's shoe factory.
Motivated to pursue entrepreneurship, he ventured into the sneaker business.
In the 1980s, he established his initial factory, overcoming financial constraints by renting land on a pig farm.
Expanding his operations, he opened branch factories in Taiwan, Guangdong, and Vietnam.

Business Ventures

Zhang founded Huali Industrial in 2004, a significant milestone in his entrepreneurial journey.
Huali Industrial, a shoe manufacturer, boasts factories in China, Vietnam, and Dominica.
The company has secured contracts with numerous renowned brands including Nike, Puma, UGG, and Vans.
Additionally, he co-founded Symphony Holdings, a shoemaking company listed in Hong Kong.
However, Zhang divested his stake in Symphony Holdings and is no longer associated with the company.

How long would it take you to become as rich as Zhang Congyuan?

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 Zhang Congyuan's net worth of $8.61B.

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.

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

Zhang Congyuan 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 Zhang Congyuan, Shoes 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