Bloomberg Billionaires Index

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# 104 Pang Kang $13.2B

Random fact: Built world's largest cluster of fermentation tanks in China.

Overview

Pang is the chairman of Foshan Haitian Flavouring & Food, China’s largest soy sauce maker. The Foshan-based business had revenue of 16.8 billion yuan ($2.5 billion) in 2018. The company employs about 4,500 people and produces more than 200 different condiments including oyster sauce, vinegar, chicken stock and oil.

As of :
Last change -$140M ( -1.1%)
YTD change +$5.16B ( +64.0%)
Industry Food & Beverage
Biggest asset 603288 CH Equity
Citizenship China
Age 61
Wealth Self-made
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Pang Kang's net worth of $13.2B 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 Pang's wealth is derived from his stake in Foshan Haitian Flavouring & Food, the biggest flavoring maker and seller in China, according to its website. He owns about 31% of the company, according to its 2018 annual report.

Pang holds the shares directly and through privately-held Guangdong Haitian Holding. The billionaire holds 37% of this Foshan-based holding company, according to its 2017 annual report. The holding company isn't valued separately because it doesn't disclose financial results. The fortune is calculated using the value of the publicly traded stakes.

A liability is included based on an analysis of dividend income, insider transactions, taxes and market performance.

Guo Luojiang, a spokesman for Foshan Haitian, declined to comment on Pang's net worth.

Biography

Birthdate: 1/1/1958
Family: Married, No children

Pang Kang was born in Foshan in southern China's Guangdong province in 1958. He studied at Guangzhou University where he earned a bachelor's degree in finance in 1980. Pang joined Foshan Sauce Shop right after graduation and quickly rose through the ranks to become vice chairman by 1982.

Foshan Sauce Shop was restructured as a limited company and renamed as Foshan Haitian Flavouring & Food in 1995. At the time, Pang invested 500,000 yuan and became its biggest shareholder, according to the company's IPO prospectus.

Foshan Haitian began trading on the Shanghai Stock Exchange in February, 2014.

Milestones
  • 1956 Pang Kang is born in Guangdong, China.
  • 1980 Starts working at Foshan Sauce Shop.
  • 1982 Appointed vise chairman of the business.
  • 1995 Foshan is restructured as a limited company.
  • 2013 Introduces smart robot handling system in Haitian factories.
  • 2014 Haitian goes public on the Shanghai Stock Exchange.
  • 2014 Applies big data technology to monitor product quality.
  • 2014 Spends 10 million yuan to set up subsidiaries to make non-soy sauce products.