Bloomberg Billionaires Index

View profiles for each of the world’s 500 richest people, see the biggest movers, and compare fortunes or track returns.

# 123 Jiang Rensheng $14.2B

Random fact: Sole distributor of Merck Sharp & Dohme's HPV vaccine in China.

Overview

Jiang is the chairman of Chongqing Zhifei Biological Products Co., a manufacturer of vaccines. The Chongqing, China-based company sells its products, including vaccines for tuberculosis and meningococcal, across the country. It became publicly traded in 2010 and reported revenue of 10.6 billion yuan ($1.6 billion) in 2019.

As of :
Last change +$102M ( +0.7%)
YTD change +$9.19B ( +184.8%)
Industry Health Care
Biggest asset 300122 CH Equity
Citizenship China
Age 66
Wealth Self-made
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Jiang Rensheng's net worth of $14.2B 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 Jiang's fortune is derived from his 56% stake in Chongqing Zhifei Biological Products Co., a vaccines manufacturer.

Jiang holds the shares directly and through his son, according to the company's disclosure dated July 29, 2020. About one-fifth of his shares are pledged, and these shares are removed from the calculation.

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

Qin Fei, a spokesman for the company, declined to comment on the Jiang's net worth.

Biography

Birthdate: 10/8/1953
Family: Married, 1 child

Jiang was born in Guangxi, China. Jiang is the fourth child born into a working class family. He finished high school in 1970 and returned to his village to be a teacher at a local primary school.

He enrolled at Guilin Medical University in 1977. Jiang graduated three years later and was assigned to work at a anti-epidemic facility. He worked there for 19 years before moving to Chengdu to work for a vaccine company. In June 2002, he set-up Chongqing Zhifei Biological Product Co. with four other colleagues by acquiring the vaccine company they used to work for, according to a Jan. 4, 2018 report by Chinese media outlet Jiemian.

The company gradually expanded, and began trading publicly on the Shenzhen Stock Exchange in September 2010.

Milestones
  • 1953 Born in Guangxi, China.
  • 1980 Graduates from Guilin Medical University in China.
  • 1980 Starts working at a health and anti-epidemic station.
  • 1999 Quits his job to begin work for a medical vaccine company.
  • 2002 Chongqing Zhifei Biological Products is founded.
  • 2008 Acquires Anhui Longcom Biologic Pharmacy Co. for 94 million yuan.
  • 2010 The company begins trading publicly in Shenzhen.
  • 2018 Obatins distribution rights for Merck Sharp & Dohme's HPV vaccine in China.