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Grizzly Bulls’ Billionaires Index

⬅ # 166 Shahid Khan|# 168 Tony Zhang ➡

# 167 Zheng Shuliang 

$13.2B

Real Time Net Worth
as of 10/28/2024
-$406.9M (-3.09%)

# 167 Zheng Shuliang 

$13.2B

Real Time Net Worth
as of 10/28/2024
-$406.9M (-3.09%)
OccupationVice Chair, China Hongqiao Group
Source of WealthAluminum Products
Age78
ResidenceBinzhou, China
Marital StatusWidowed
Children3
Age-Adjusted Net Worth$3.89B
Zheng Shuliang
Zheng Shuliang
China
Net worth: $13.2B

Self-Made Score 

Rado Captain Cook Automatic Diving Watch with Stainless Steel Strap

Wealth History

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Biography

Overview

Zheng Shuliang is the vice chairman of China Hongqiao Group, a leading aluminum producer founded by her late husband Zhang Shiping.
Her husband, Zhang Shiping, transformed China Hongqiao into a multibillion-dollar business during China's reform and opening-up era.
Following her husband's passing in 2019, their son, Zhang Bo, assumed the role of chairman at China Hongqiao.
Zheng Shuliang's daughter, Zhang Hongxia, serves as the chairperson of Weiqiao Textile, a textile producer listed in Hong Kong.

Company Overview

China Hongqiao Group Limited, founded in 1994, specializes in aluminum production and is one of the world's largest aluminum producers.
Listed on the Hong Kong Stock Exchange with the stock code 1378, the company is headquartered in the Cayman Islands with production facilities primarily in Shandong and Yunnan provinces.
The company has diversified its operations to include alumina production, downstream aluminum processing, and lightweight innovation projects.

History and Growth

Originating as Shandong Hongqiao in 1994, the company initially focused on jeans and yarn-dyed denim before shifting to aluminum production in 2006.
By 2007, annual aluminum production capacity reached 301,513 tonnes, and by 2016, it soared to 5.2 million tonnes.
Listed on the Hong Kong stock exchange in 2011, China Hongqiao continued to expand, reaching 4 million tonnes of production capacity in 2014.
In 2018, the company increased investment in environmental protection, upgrading its production processes.
In 2020, China Hongqiao achieved record net profits, signaling continued growth.
By 2021, net profit surged over 50%, with the company's aluminum output reaching 5.633 million tons.
In December 2022, the company achieved ASI Performance Standard V2 Certification for its subsidiary operations, focusing on aluminum sheets, strips, and foils.

Zheng Shuliang's Wealth is Equivalent to:

10,123,172 Herman Miller Aeron Chairs

Herman Miller Aeron Chair

2,488,174 Gold Bars (50 gram)

24K Solid 50g Gold Ingot

134,396 Tiny Homes

Tiny House, Two Bedroom Solar Prefab Home

How long would it take you to become as rich as Zheng Shuliang?

If you started with $10,000 and invested an additional $500 each month at a 43.72% CAGR, it would take you 5 years to reach Zheng Shuliang's net worth of $13.2B.

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 60.38% compared to 22.68% for the S&P 500 benchmark.

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Zheng Shuliang 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 Zheng Shuliang, Aluminum Products 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.

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Edited by: Lee Bailey