Bloomberg Billionaires Index

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# 331 Zeng Fangqin $4.99B

Random fact: Landed on the Shenzhen stock exchange through a reverse merger.

Overview

Zeng is the chairwoman of Lingyi Technology, an electronics components maker in China. The Shenzhen-based business makes magnets for use in the production of smart phones, tablets and household appliances. It has seven production bases across the country and reported revenue of 22.5 billion yuan ($3.4 billion) in 2018.

As of :
Last change -$83.9M ( -1.6%)
YTD change -$1.30B ( -20.6%)
Industry Industrial
Biggest asset 002600 CH Equity
Citizenship China
Age 54
Wealth Self-made
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Zeng Fangqin's net worth of $4.99B 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
0%
of the top 200 U.S. executives’ total awarded compensation
0%
of U.S. existing home sales
0
times the median U.S. household income

Latest News

Net Worth Summary

Cash
Private asset
Public asset
Misc. liabilities
Confidence rating:

Zeng is the chairwoman of Lingyi Technology, a magnetic materials maker in China. The Jiangmen-based business has seven production bases across the country and reported revenue of 22.5 billion yuan ($3.4 billion) in 2018, according to the company's website.

She owns a 45% stake through three holding vehicles, according to the company's 2019 third-quarter report. About 6% of her stake is pledged and removed from the calculation.

The value of her cash holdings is based on an analysis of stock transactions, dividends, taxes and market performance.

Biography

Birthdate: 12/25/1965
Family: Unknown, No children

Born in 1965, Zeng worked in different industries including fishing and moulding, before founding LY Intelligent in May 2006 in Shenzhen, according to the company's 2018 annual report.

Clients include Apple, Huawei, OPPO and Vivo, according to the company's acquisition report.

The electronic component maker has established seven production bases in China and has more than 20,000 employees, according to the company's website. It began trading publicly in Shenzhen through a reverse merger in 2018.

Milestones
  • 1965 Born in China
  • 2006 Set up Guangdong LY Intelligent Intelligent Manufacturing.
  • 2018 Started publicly trading in Shenzhen.
  • 2019 Acquired Salcomp Plc for $98 million.