Jin is the chairman of JA Solar Technology, a solar equipment manufacturer in China. The Beijing-based company's photovoltaic products are installed at power plants as well as on commercial and residential rooftops. JA Solar was founded in 2005 and reported revenue of 41.3 billion yuan ($6.4 billion) in 2021.
Jin Baofang's net worth of $12.1B can buy ...
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Jin's fortune is derived from his 48% stake in JA Solar Technology, a solar equipment manufacturer in China. The Beijing-based business reported revenue of 41.3 billion yuan ($6.4 billion) in 2021.
Jin holds the shares directly and through holding company Jintaifu, according to a May 11, 2022 company filing.
A liability is applied based on an analysis of insider transactions, market performance and taxes.
A company spokesperson declined to comment on the calculation.
Jin was born in 1952. He studied at a finance vocational school in 1972 before starting his career as an accountant at a cement factory in Xingtai in northern China. He later had stints at an agricultural engineering factory and electricity bureau over the next two decades, according to the company's 2019 annual report.
Jin founded Jinlong Group, a photovoltaic cells maker in 2003 and he became the chairman of JA Solar in 2005.
JA Solar completed an initial public offering in New York in 2007 before delisting 11 years later. The company became publicly trading in Shenzhen in November 2019 via a backdoor listing.