Ding is the chairman of Anta Sports Products, a manufacturer of sport shoes and athletic apparel. The Fujian-based business has more than 10,000 stores in mainland China and reported revenue of 24.1 billion yuan ($3.6 billion) in 2018. The group's collection of brands includes Anta, Fila, Amer Sports and Descente.
Ding Shizhong's net worth of $5.30B can buy ...
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The majority of Ding's wealth is derived from his 21% stake from Anta Sports Products, a Chinese sportswear maker. The Fujian based business reported a revenue of 24.1 billion yuan ($3.6 billion) in 2018 with over 10,200 stores in mainland China.
The group's brands include Anta, Fila and Amer Sports, according to the company's 2019 semi-annual report. He own his shares through a family trust, according to the same report.
The value of his cash is based on an analysis of stock dividends, insider transactions, taxes and market performance.
Born in 1970, Ding started trading sportswear in Beijing at the age of 17, according to a Sohu News report. In 1991, he co-founded Anta Sports with his father Ding Hemu and brother Ding Shijia in Fujian, China, according to the company's website.
Anta opened its first retail store in Beijing in 2001, according to the company's website. It began trading publicly in Hong Kong in 2007.
Anta acquired FILA's mainland, Hong Kong and Macau business in 2010. It later led a consortium that acquired Finland's Amer Sports for $5.2 billion in 2018.