⬅ # 273 Josh Harris|# 275 Shapoor Mistry

# 274 Zhong Huijuan 

$9.03B

Real Time Net Worth
as of 6/12/2024
-$143.1M (-1.58%)

# 274 Zhong Huijuan 

$9.03B

Real Time Net Worth
as of 6/12/2024
-$143.1M (-1.58%)
OccupationFounder, Chair & CEO of Hansoh Pharmaceutical
Source of WealthPharmaceuticals
Age63
ResidenceShanghai, China
Marital StatusMarried
Children1
EducationBS, Jiangsu Normal University; EMBA, Nanjing University
Age-Adjusted Net Worth$7.37B
Zhong Huijuan
Zhong Huijuan
China
Net worth: $9.03B

Self-Made Score 

Wealth History

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Biography

Early Life

Zhong Huijuan, born in April 1961 in Lianyungang, Jiangsu Province, China, is a Chinese pharmaceutical executive and billionaire.
She studied chemistry at Jiangsu Normal University and graduated in July 1982, subsequently working as a chemistry teacher at Yan'an Middle School in Lianyungang.

Career

Zhong's career in the pharmaceutical industry began when her husband founded a new pharmaceutical company, later known as Hansoh Pharmaceutical Group, in 1995.
She transitioned from her role as a chemistry teacher to become a founder and CEO of Hansoh Pharmaceutical, leading the company through rapid growth and innovation.
Initially, Hansoh Pharmaceutical had about ten employees and experienced rapid growth under Zhong's leadership, with revenue reaching US$4.5 million by 1997.
Under Zhong's leadership, Hansoh Pharmaceutical became the largest producer of psychotropic drugs in China by 2019.
The company went public on the Hong Kong Stock Exchange in June 2019, raising US$1 billion.
She owns over three-quarters of Hansoh Pharmaceutical along with her daughter, Sun Yuan.

Family and Personal Life

Zhong's husband, Sun Piaoyang, is also a billionaire and chairs Jiangsu Hengrui Medicine.
Their daughter, Sun Yuan, serves as an executive director at Hansoh Pharmaceutical and holds a stake in the company.
The family maintains a relatively private lifestyle and resides in Shanghai.

Partnerships and Initiatives

In October 2022, Hansoh Pharmaceutical partnered with the Bill & Melinda Gates Foundation-backed Global Health Drug Discovery Institute to develop an oral Covid treatment.

How long would it take you to become as rich as Zhong Huijuan?

If you started with $10,000 and invested an additional $500 each month at a 43.94% CAGR, it would take you 5 years to reach Zhong Huijuan's net worth of $9.03B.

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 43.45% compared to 12.43% for the S&P 500 benchmark.

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Zhong Huijuan 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 Zhong Huijuan, Pharmaceuticals 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