⬅ # 910 Rishad Naoroji|# 912 Stephan Schnabel

# 911 Zhang Daocai 

$3.56B

Real Time Net Worth
as of 4/23/2024
$80.2M (2.25%)

# 911 Zhang Daocai 

$3.56B

Real Time Net Worth
as of 4/23/2024
$80.2M (2.25%)
OccupationFounder and Chair, Sanhua Holding Group
Source of WealthValves
Age74
ResidenceShaoxing, China
Children2
Age-Adjusted Net Worth$1.38B
Zhang Daocai
Zhang Daocai
China
Net worth: $3.56B

Self-Made Score 

Wealth History

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Biography

Overview

Zhang Daocai is the Founder and Board Chairman of Sanhua Holding Group, a global manufacturer of controls and components for the HVAC & Refrigeration, home appliance, automotive air conditioning, and thermal management industries.
He founded Sanhua in 1984 and listed its refrigeration and air conditioning parts arm, Zhejiang Sanhua Intelligent Controls, on the Shenzhen Stock Exchange in 2005.
Zhang Daocai's vision and leadership have propelled Sanhua to become one of China's leading manufacturers and exporters in its field, with a focus on green development and innovation.

Career

Zhang Daocai chairs Sanhua Holding Group.
He founded Sanhua in 1984 as a refrigeration components manufacturer in Zhejiang.
In 2005, he listed Zhejiang Sanhua Intelligent Controls on the Shenzhen Stock Exchange.
Zhang Daocai's sons, Zhang Yabo and Zhang Shaobo, are involved in the company, with Zhang Yabo chairing the listed arm.
Under Zhang Daocai's leadership, Sanhua Holding Group has expanded its offerings to include components for air conditioning valves and acquired companies like Aweco and R-Squared Puckett Inc. for diversification and growth.
Sanhua Holding Group's achievements under Zhang Daocai's stewardship include winning the China Quality Award in 2008 and receiving recognition at international forums like the G20 Summit.

Company History

Sanhua Holding Group was founded in 1984 in Zhejiang, China, initially focusing on refrigeration components.
Over the years, it expanded its product range to include components for air conditioning valves.
In 2004, a Research and Development Department was established, enhancing innovation and collaboration with Zhejiang University.
The company went public on the Shenzhen Stock Exchange in 2005.
Strategic acquisitions, like Ranco Valve division from Invensys in 2007, have bolstered Sanhua's market position, particularly in the reversing valve segment.
Sanhua's commitment to quality was underscored by winning the China Quality Award in 2008.
Expansion continued with acquisitions in 2012, including Aweco and R-Squared Puckett Inc., broadening its capabilities in microchannel heat exchangers.
International recognition came in 2016 when Sanhua was invited to attend the B20 Summit as a distinguished representative of its sector.
Sanhua furthered its global presence by establishing an automotive tech center in North America in 2017, alongside the initiation of a TXV line in Mexico, emphasizing its commitment to innovation and excellence in automotive components.

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

If you started with $10,000 and invested an additional $500 each month at a 43.95% CAGR, it would take you 5 years to reach Zhang Daocai's net worth of $3.56B.

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 34.07% compared to 5.08% for the S&P 500 benchmark.

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Zhang Daocai 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 Daocai, Valves 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