⬅ # 708 John Sall|# 710 Leonid Boguslavsky

# 709 Zhu Baoguo 

$4.51B

Real Time Net Worth
as of 4/20/2024
-$6.0M (-0.13%)

# 709 Zhu Baoguo 

$4.51B

Real Time Net Worth
as of 4/20/2024
-$6.0M (-0.13%)
OccupationChair, Joincare Pharmaceutical Group Industry
Source of WealthPharmaceuticals
Age61
ResidenceShenzhen, China
Marital StatusMarried
EducationBS, Henan Normal University
Age-Adjusted Net Worth$4.21B
Zhu Baoguo
Zhu Baoguo
China
Net worth: $4.51B

Self-Made Score 

Wealth History

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Biography

Overview

Zhu Baoguo, the billionaire chairman of Shenzhen-based Joincare Pharmaceutical Group Industry, built his fortune primarily through the expansion of Joincare from a herbal tonic maker to a diversified pharmaceutical empire.
Joincare, headquartered in Shenzhen, started with herbal tonics for women based on a recipe Zhu acquired from a Chinese medicine practitioner in Henan province. It has evolved into a comprehensive pharmaceutical group with interests in prescription drugs, traditional Chinese medicines, health products, and diagnostic reagents.

Early Life and Education

Zhu Baoguo, prior to his entrepreneurial journey, was a chemical engineer.
He holds a bachelor's degree in chemistry from Henan Normal University.

Business Ventures

Founded Joincare Pharmaceutical Group Industry Co., Ltd in 1992.
Owns a stake in WeBank, a Chinese digital bank backed by Tencent.

Joincare Pharmaceutical Group Industry

Company Profile
Joincare Pharmaceutical Group Industry Co., Ltd, headquartered in Shenzhen, has become an innovative and research-oriented pharmaceutical group.
The company focuses on technological innovation and aims to build a high-barrier complex preparation technology platform.
It has four high-barrier complex preparation R&D platforms and owns major subsidiaries, including Joincare and Livzon Pharmaceutical.
Joincare employs nearly 13,000 people and had total assets of 28.157 billion RMB and operating income of 13.522 billion RMB as of the end of 2020.

Research and Development
Joincare focuses on precise R&D, attracting renowned scientists worldwide.
It emphasizes building technology platforms such as monoclonal antibody, inhaled preparation, long-term sustained-release microspheres, and nano lipid microemulsion.
The company combines imitation and creation, with a global layout and a leading position in China.

Production Process and Standards
Joincare employs mature production processes, utilizing advanced foreign equipment in a 100,000-class clean workshop.
It adopts high-temperature sterilization technology to ensure product safety and compliance with GMP standards for health products.

How long would it take you to become as rich as Zhu Baoguo?

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 Zhu Baoguo's net worth of $4.51B.

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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Zhu Baoguo 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 Zhu Baoguo, 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