Bloomberg Billionaires Index

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# 230 Zhang Congyuan $8.82B

Random fact: Huali is the largest supplier to Converse, Vans and Puma.

Overview

Zhang is the chairman of Huali Industrial Group, a sports footwear manufacturer in China. The Zhongshan-based business reported revenue of 17.4 billion yuan ($2.7 billion) in 2021. Its clients include Nike, Converse, Puma and Columbia. It produces over 180 million pairs of shoes annually with more than 100,000 employees.

As of :
Last change +$98.5M ( +1.1%)
YTD change -$5.33B ( -37.7%)
Biggest asset 300979 CH Equity
Country / Region Taiwan
Age 74
Industry Industrial
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Zhang Congyuan's net worth of $8.82B can buy ...

0
troy ounces of gold
0
barrels of crude oil

... and is equivalent to ...

0%
of the GDP of the United States
0%
of the total wealth of the 500 richest people in the world
0%
of the top 100 U.S. college endowments
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of the top 200 U.S. executives’ total awarded compensation
0%
of U.S. existing home sales
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times the median U.S. household income

Latest News

Net Worth Summary

Cash
Private asset
Public asset
Misc. liabilities
Confidence rating:

Zhang's fortune is derived from his 87% stake in Huali Industrial Group, a sports footwear manufacturer in China. The Zhongshan-based business reported revenue of 17.4 billion yuan ($2.7 billion) in 2021. Its clients include Nike, Converse, Puma and Columbia. It produces over 180 million pairs of footwear annually with more than 100,000 employees, according to the company's website.

Zhang owns the stake with his wife and children, through one onshore and one offshore holding company, according to the company's 2021 initial public offering prospectus and the company's annual report for the same year. The shares held by his wife and three children are credited to him to reflect his status as chairman of the group.

A liability is applied based on an analysis of stock performance, historical transactions and tax.

Li Rong, a representative of the company, didn't respond to Bloomberg's request on comment.

Biography

Birthdate: 1948
Family: Married, 3 children

Zhang started his career in the sportswear business in the 1970s in Taiwan and China, and founded Liangxing Industrial with several partners in 1990, according to Huali's IPO prospectus.

Liangxing Group started public trading in Hong Kong in 1995 and was later renamed Symphony Holdings. Zhang served as a director of the company for about a decade until 2014.

Zhang and his family bought assets from Symphony for about HK$436 million ($56 million) in March 2014 and started to develop Huali. The business expanded quickly since and became the largest supplier to international brands including Converse, Vans and Puma.

Huali started trading publicly trading in Shenzhen in April 2021.

Milestones
  • 2013 Zhang family bought assets from Symphony Holdings.
  • 2014 Started operations in Dominican Republic.
  • 2016 Huali ships 100 million pairs of shoes for the year.
  • 2021 Huali started trdaing publicly on the Shenzhen stock exchange.