Bloomberg Billionaires Index

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# 197 Shu Ping $8.09B

Random fact: Business model became a Harvard Business School case study.

Overview

Shu is a co-founder and director of Haidilao International Holding, China's biggest chain of hotpot restaurants. The Beijing-based business has more than 460 restaurants and reported revenue of 17 billion yuan ($2.6 billion) in 2018. Shu also has a stake in publicly-traded Yihai International Holding, a Haidilao supplier.

As of :
Last change -$296M ( -3.5%)
YTD change +$4.29B ( +112.7%)
Industry Food & Beverage
Biggest asset 6862 HK Equity
Citizenship Singapore
Age 49
Wealth Self-made
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Shu Ping's net worth of $8.09B 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 Shu's fortune is derived from her half-share of a majority stake in restaurant chain Haidilao International Holding. The Beijing-based business is the largest hotpot chain in China and has more than 460 locations, according to the company's 2018 annual report.

She controls a 58 percent stake with her husband, Zhang Yong, through discretionary trusts via holding companies, according to the same annual report. Zhang and Shu are described as co-founders in the prospectus and each is attributed a half share of their combined shareholding in this analysis because they are joint beneficiaries of the trusts that hold the shares.

They also own a total of 36 percent of Yihai International, another Haidilao Group subsidiary traded in Hong Kong, according to a filing dated Feb. 14, 2019. Shu is credited with half of their combined stake.

Yang Yingying, a spokesperson for Haidilao, said the billionaire declined to comment on the net worth calculation.

Biography

Birthdate: 1/1/1970
Family: Married, No children

Shu was born in 1970. She co-founded the first Haidilao hotpot restaurant with her husband Zhang Yong and another couple Shi Yonghong and Li Haiyan in 1994 in Sichuan, China. The chain began operating in other provinces in China five years later.

Shu became a director of the company in 2015 and was re-designated as a non-executive director in 2018. She completed a master of business administration program in 2016. The program was jointly hosted by Shanghai Jiaotong University and Singapore Nanyang Technological University, according to Haidilao International Holding's prospectus for its initial public offering.

The hotpot business opened its first overseas outlet in Singapore in 2012, and later opened restaurants in the U.S, Japan and South Korea. Haidilao's subsidiary Yihai International began trading publicly in Hong Kong in 2016.

Haidilao debuted on the Hong Kong stock exchange in September 2018.

Milestones
  • 1994 First Haidilao hotpot restaurant set up in Jianyang, China.
  • 2010 Launches hotpot delivery service.
  • 2012 Haidlao subsidiary brand U-Ding-U opens.
  • 2012 First overseas outlet opens in Singapore.
  • 2013 Moves seasoning and sauce factory from Sichuan to Henan, China.
  • 2013 Enters the US market.
  • 2016 Yihai International, a seasoning supplier, starts trading in Hong Kong.
  • 2018 Haidilao begins trading publicly on the Hong Kong stock exchange.