Bloomberg Billionaires Index

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# 232 Qi Shi $8.67B

Random fact: Studied engineering but began career at a futures company.

Overview

Qi Shi is the founder and chairman of East Money Information, an online broker and financial information provider. The Shanghai-based company's website offers financial news, stock information and transaction assistance to investors in China. It reported revenue of 13.1 billion yuan ($2 billion) in 2021.

As of :
Last change -$25.4M ( -0.3%)
YTD change -$4.09B ( -32.0%)
Biggest asset 300059 CH Equity
Country / Region China
Age 51
Industry Finance
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Qi Shi's net worth of $8.67B 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 Qi's wealth is derived from his stake in East Money Information, an online broker and financial information provider.

Qi owns his 23% stake directly, through his father and his wife, according to an analysis of the the company's 2021 annual report. About one-seventh of the shares are pledged and removed from the calculation.

Cash holdings are based on an analysis of dividends, insider transactions, taxes and market performance.

Yang Hao, a spokesman for the company, didn't respond to a request for comment on the net worth calculation.

Biography

Birthdate: 10/1/1970
Family: Unmarried, No children
Education: Fudan University, Fudan University, Shanghai Jiao Tong University

Qi was born in 1970. He earned a bachelors degree from Shanghai Jiaotong University as well as a MBA and doctorate in literature from Fudan University.

After working at a futures company, Qi established Shanghai Dong Cai Information Technology in 2005, the predecessor to East Money Information. The company was established to provide news and information to China's growing community of investors.

East Money Information became a publicly traded company in 2010 when it joined the Shenzhen exchange.

Milestones
  • 2005 Company is founded.
  • 2008 Shanghai Dongcai Information is renamed East Money Information.
  • 2010 Joins the Shenzhen Stock Exchange.
  • 2015 Annual revenue exceeds $100 million for the first time.