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.
Lin Jianhua's net worth of $9.92B can buy ...
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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 2021 annual report.
Lin holds 62% of the stock directly and with his wife, according to the company's 2022 third-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.
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.