Bloomberg Billionaires Index

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# 202 Lin Jianhua $9.90B

Random fact: India imports about 85% of its solar panels from China.

Overview

Lin is chairman of Hangzhou First Applied Material, the world's biggest producer of film and backsheets for solar panels. The Hangzhou, China-based company's products include acetate film used to protect solar cells. It listed on the Shanghai exchange and had revenue of 12.9 billion yuan ($2 billion) in 2021.

As of :
Last change -$401M ( -3.9%)
YTD change -$3.13B ( -24.0%)
Biggest asset 603806 CH Equity
Country / Region China
Age 60
Industry Technology
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Lin Jianhua's net worth of $9.90B 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:

The majority of Lin's fortune is derived from his stake in Hangzhou First Applied Material, a developer and manufacturer of solar cell and photosensitive films. The company is the world's biggest producer of film and backsheets for solar panels, according to its website.

Lin holds 62% of the stock directly and with his wife, according to the company's 2022 first-quarter report.

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

Zhang Ying, a spokeswoman for the company, declined to comment on the net worth calculation.

Biography

Birthdate: 8/1/1962
Family: Unmarried, No children

Lin Jianhua was born in 1962.

After developing a hot melt adhesive film in the 1990s, Lin established his company in 2003 and soon entered the photo-voltaic industry with a solar cell division.

The company changed its name to Hangzhou First PV Material Co. in 2009.

It became publicly traded in 2014 and reported revenue of more than $900 million in 2019.

Milestones
  • 1962 Lin Jianhua is born.
  • 2014 Holds an initial public offering in Shanghai.
  • 2015 Revenue exceeds $500 million for the first time.
  • 2019 Opens Huizhou base.